Product Code: ETC193236 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
India Magnesium Sulphate market currently, in 2023, has witnessed an HHI of 2630, Which has decreased slightly as compared to the HHI of 2744 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Magnesium sulphate, also known as Epsom salt, is a commonly used mineral supplement and fertiliser. It has several applications in the pharmaceutical, cosmetic, agricultural and chemical industries. In India, magnesium sulphate is used extensively for crop production as an essential soil nutrient to strengthen plants??? defences against pests and diseases.
The rising demand from agriculture sector coupled with increasing population will drive the market growth during forecast period. Furthermore, growing awareness among farmers regarding quality crop yield due to application of fertilizers will propel the demand for magnesium sulfates in India. Moreover, government initiatives towards providing adequate nutrient supply to farmers through subsidies on fertilizers are expected to augment market growth over upcoming years. Additionally, increasing popularity of organic farming coupled with growing need for soil enrichment should further create ample opportunities for product suppliers across country during forecast time frame.
High cost associated with production and distribution owing to presence of complex supply chain network may hamper growth potential of market over assessment period. Also stringent environmental regulations imposed by regulatory authorities could restrict manufacturers from expanding their operations across country which can act as major challenge hindering market progress over next few years.
Gujarat State Fertilisers & Chemicals Limited (GSFCL), Mangalam Organics Ltd., Anupam Rasayan India Ltd., Filtra Chem Pvt ltd., Shiva Group Of Industries are some key players operating in India magnesium Sulphate Market.
Lockdown implemented by Government due to Covid pandemic resulted into sharp decline across industries including chemicals sector wherein majority companies were forced into closure or faced severe liquidity crunch resulting into significant disruption along entire value chain affecting overall contribution towards national GDP drastically. Thus leading indicators depicting current scenario suggest that there might be some degree slowdown witnessed within this domain over near term future however , steady improvement have been observed lately as economic activities resumes back gradually post lockdown easing out situation significantly.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Magnesium Sulphate Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Magnesium Sulphate Market Revenues & Volume, 2021 & 2031F |
3.3 India Magnesium Sulphate Market - Industry Life Cycle |
3.4 India Magnesium Sulphate Market - Porter's Five Forces |
3.5 India Magnesium Sulphate Market Revenues & Volume Share, By By Product, 2021 & 2031F |
3.6 India Magnesium Sulphate Market Revenues & Volume Share, By By Application, 2021 & 2031F |
4 India Magnesium Sulphate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Magnesium Sulphate Market Trends |
6 India Magnesium Sulphate Market, By Types |
6.1 India Magnesium Sulphate Market, By By Product |
6.1.1 Overview and Analysis |
6.1.2 India Magnesium Sulphate Market Revenues & Volume, By By Product, 2021-2031F |
6.1.3 India Magnesium Sulphate Market Revenues & Volume, By Heptahydrate, 2021-2031F |
6.1.4 India Magnesium Sulphate Market Revenues & Volume, By Anhydrous, 2021-2031F |
6.1.5 India Magnesium Sulphate Market Revenues & Volume, By Monohydrate, 2021-2031F |
6.2 India Magnesium Sulphate Market, By By Application |
6.2.1 Overview and Analysis |
6.2.2 India Magnesium Sulphate Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.3 India Magnesium Sulphate Market Revenues & Volume, By Food & Feed additives, 2021-2031F |
6.2.4 India Magnesium Sulphate Market Revenues & Volume, By Pharmaceuticals & Personal Care, 2021-2031F |
6.2.5 India Magnesium Sulphate Market Revenues & Volume, By Chemicals, 2021-2031F |
6.2.6 India Magnesium Sulphate Market Revenues & Volume, By Pulp & Paper, 2021-2031F |
6.2.7 India Magnesium Sulphate Market Revenues & Volume, By Others, 2021-2031F |
7 India Magnesium Sulphate Market Import-Export Trade Statistics |
7.1 India Magnesium Sulphate Market Export to Major Countries |
7.2 India Magnesium Sulphate Market Imports from Major Countries |
8 India Magnesium Sulphate Market Key Performance Indicators |
9 India Magnesium Sulphate Market - Opportunity Assessment |
9.1 India Magnesium Sulphate Market Opportunity Assessment, By By Product, 2021 & 2031F |
9.2 India Magnesium Sulphate Market Opportunity Assessment, By By Application, 2021 & 2031F |
10 India Magnesium Sulphate Market - Competitive Landscape |
10.1 India Magnesium Sulphate Market Revenue Share, By Companies, 2024 |
10.2 India Magnesium Sulphate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |