Magnesium Sulphate is an inorganic salt with the formula MgSO4 (H2O) x where 0≤x≤7. It is often encountered as the heptahydrate sulphate mineral epsomite (MgSO4·7H2O), commonly known as Epsom salt, is a mineral. It works by replacing magnesium in the body and increasing water in the intestines. Magnesium sulphate can be used orally as a laxative to relieve occasional constipation, and to treat low levels of magnesium, the majority was used in agriculture. Not all external uses for magnesium sulphate have been approved by the FDA.
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Manufacturing Process
Magnesium Sulfate is extracted from sea water, where it occurs naturally. The raw materials are dissolved in water and subjected to electrolysis. After that, magnesium hydroxide precipitates and can be heated to crystallize magnesium sulphate which then can be further processed into other forms or used as a solid desiccant or dehydrating agent.
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Manufacturers of chemical products depend on chemicals such as magnesium sulphate to carry out numerous reactions for them throughout their business processes. Although there are many uses for chemicals such as these, one of its most common uses is for food production purposes. When foods have been stored too long at high temperatures, they often tend to spoil quickly because they become moist with humidity.
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Benefits
- Low investment
- No skills required
- Low running cost
- Immediate income after setting up
- High profit margin 6. Easy Storage
- Procurement can be made from farmers
- Economical as an ingredient for agriculture and horticulture
- Current market demand is high
- a lot of export opportunities
- Can be used in various industries such as horticulture, agriculture, animal husbandry and aquaculture
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- Relatively cheap supply in India
- Highly potential business idea
- Not chemical based business
- Little or no competition
- Has strong scope for growth
- Less capital intensive
- Quick returns
- Easy liquidity
- Simple business set-up
- Potential expansion
- Environment friendly product
- Margin improvement
- Free from intermediaries
- Promising revenue generation
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Market Outlook:
Magnesium Sulfate Market is to reach $1,233.3 million by 2026, after growing at a CAGR of 5.1% during 2021-2026. The growing need to achieve high agricultural yields coupled with the substantial growth of the worldwide agricultural industry is expected to be the main driver of demand growth in the years ahead. Furthermore, increasing use of magnesium sulfate in the personal care & cosmetics sector to formulate a range of important personal care items, including hair products, skincare products, sun-tan products and skin fresheners will create new opportunities for the growth of the global magnesium sulphate industry.
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Key Players:
- Agro Phos (India) Ltd.
- Aksharchem (India) Ltd.
- Arihant Chemicals Inds. Ltd.
- Liberty Phosphate Ltd.
- Pioneer Magnesia Works Pvt. Ltd.
- Sam Industries Ltd.
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