Product Code: ETC193240 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Indonesia Magnesium Sulphate market currently, in 2023, has witnessed an HHI of 3157, Which has decreased substantially as compared to the HHI of 7575 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 chemical compound composed of magnesium, sulfur and oxygen with the formula MgSO4. It has many uses in industrial applications such as agricultural soil fertilizers, mineral supplements for livestock feed and some pharmaceuticals. In Indonesia, it is mainly used as an ingredient in the manufacture of fireproof fabrics and other materials.
The demand for Magnesium Sulphate is increasing in Indonesia due to its various industrial applications. The government`s efforts to encourage growth within agricultural sectors has led to increased use of Magnesium Sulphate in the production of fertilizer products which are required to meet local market needs. Additionally, technological advancements have enabled manufacturers to develop better quality products which can offer superior performance compared to traditional alternatives. This has further driven up demand from domestic consumers as well as created export opportunities for Indonesia suppliers into regional markets such as India and China.
The main drivers behind the increased usage of Magnesium Sulphate in Indonesia include growing population levels leading to higher demand for food sources; government initiatives aimed at boosting agricultural output by introducing subsidized fertilizer programs; rising awareness surrounding health benefits associated with consumption or application of certain minerals including magnesium sulphates; increasing international trade activities resulting from geopolitical shifts such improved political relations between countries; and technological advancement enabling better manufacturing processes that can produce superior quality product variants than those available before.
In response to COVID-19 pandemic hitting global economies hard, there was significant decline seen across various industries worldwide including those dependent on magnesium sulphates like agriculture and textiles sector , resulting reduced availability & prices respectively. However despite this dip there still remains substantial potential especially when considering long-term outlook since majority population resides rural areas where basic necessities & necessities are still heavily reliant upon manual labor intensive industry like agriculture.
Limited availability & fluctuating prices : Despite increasing consumer demands , MS supplies remain restricted because few major players control bulk supplier networks leading limited options available buyers ; additionally varying raw material costs affect final selling price customers thus creating uncertainty market conditions hindering sustainable growth prospects.Adverse environmental effects : Usage large quantities MS may cause damage crops aquatic life if not handled carefully hence access reliable information regarding proper handling measures critical safeguard against any hazardous accidental releases environment causing.
Major players operating in the Indonesia Magnesium Sulphate market include PT Surya Putra Abadi Jaya, Pratama Group, Unimax Chemicals Pvt Ltd., CV Sakti Lestari Sejahtera, Uni-Tec Chemical Industries Pte Ltd., Diester Indah International PT., Sigma Chemical Co., MTI Corporation and Tiong Liong Corp Bhd. These companies have adopted various strategies such as product launches & developments; expansions; mergers & acquisitions; collaborations; joint ventures; partnerships to increase their presence in this market.
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 Indonesia Magnesium Sulphate Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Magnesium Sulphate Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Magnesium Sulphate Market - Industry Life Cycle |
3.4 Indonesia Magnesium Sulphate Market - Porter's Five Forces |
3.5 Indonesia Magnesium Sulphate Market Revenues & Volume Share, By By Product, 2021 & 2031F |
3.6 Indonesia Magnesium Sulphate Market Revenues & Volume Share, By By Application, 2021 & 2031F |
4 Indonesia Magnesium Sulphate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Magnesium Sulphate Market Trends |
6 Indonesia Magnesium Sulphate Market, By Types |
6.1 Indonesia Magnesium Sulphate Market, By By Product |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Magnesium Sulphate Market Revenues & Volume, By By Product, 2021-2031F |
6.1.3 Indonesia Magnesium Sulphate Market Revenues & Volume, By Heptahydrate, 2021-2031F |
6.1.4 Indonesia Magnesium Sulphate Market Revenues & Volume, By Anhydrous, 2021-2031F |
6.1.5 Indonesia Magnesium Sulphate Market Revenues & Volume, By Monohydrate, 2021-2031F |
6.2 Indonesia Magnesium Sulphate Market, By By Application |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Magnesium Sulphate Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.3 Indonesia Magnesium Sulphate Market Revenues & Volume, By Food & Feed additives, 2021-2031F |
6.2.4 Indonesia Magnesium Sulphate Market Revenues & Volume, By Pharmaceuticals & Personal Care, 2021-2031F |
6.2.5 Indonesia Magnesium Sulphate Market Revenues & Volume, By Chemicals, 2021-2031F |
6.2.6 Indonesia Magnesium Sulphate Market Revenues & Volume, By Pulp & Paper, 2021-2031F |
6.2.7 Indonesia Magnesium Sulphate Market Revenues & Volume, By Others, 2021-2031F |
7 Indonesia Magnesium Sulphate Market Import-Export Trade Statistics |
7.1 Indonesia Magnesium Sulphate Market Export to Major Countries |
7.2 Indonesia Magnesium Sulphate Market Imports from Major Countries |
8 Indonesia Magnesium Sulphate Market Key Performance Indicators |
9 Indonesia Magnesium Sulphate Market - Opportunity Assessment |
9.1 Indonesia Magnesium Sulphate Market Opportunity Assessment, By By Product, 2021 & 2031F |
9.2 Indonesia Magnesium Sulphate Market Opportunity Assessment, By By Application, 2021 & 2031F |
10 Indonesia Magnesium Sulphate Market - Competitive Landscape |
10.1 Indonesia Magnesium Sulphate Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Magnesium Sulphate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |