Magnesium Phosphate Market Size

Magnesium Phosphate Market Size

Global Magnesium Phosphate Market size was valued at over USD 1 billion in 2017 and is anticipated to grow at over 4% in the forecast timespan.

Strong outlook in pharmaceuticals, fertilizers, food & beverages and feed application will propel the magnesium phosphate market growth. Advancement in biomedical sector to treat skeletal disorders including arthrodesis and osteoporosis has enhanced the product utilization in healthcare industry. Potential applications as bone graft substitute due to its efficient mechanical properties, biodegradability and biocompatibility will propel demand. In addition, increasing product usage in nanoparticle form as drug delivery vehicles and composite scaffolds production will drive the product demand.
 

Increasing government focus on healthy lifestyle and food safety awareness along with standardized dietary reference intakes for magnesium phosphate and other nutrients, developed by FNB will support the product scope. Rising product demand for glycolysis, oxidative phosphorylation, energy production, DNA synthesis and bone structural development will drive industry demand.
 

Potential applications as pharmaceutical active ingredients will drive the industry growth. Magnesium as well as phosphate are active ingredients for energy production and help in fuelling body’s cellular processes including nerve conduction and muscle functions.
 

Strong outlook in feed applications to enhance the livestock health will propel the magnesium phosphate demand. According to NRC (National Research Council), minimum product intake for dairy cow should be 0.2% of dry matter. Shifting preference for mineral rich feed products to enhance milk production, immunity and prevent hymagnesaemia in ruminants will fuel the industry growth.
 

Inclination towards farm yield enhancement to increase crop cultivation among farmers has stimulated the fertilizers demand. High application scope in bakery industry as leavening agent has enhanced the product demand. Enhancing moistness in baked products and imparting uniform cell structure are among key properties driving the magnesium phosphate market size.
 

Raw material insufficiency along with increasing product demand are among major factors influencing the magnesium phosphate price trend. Uneven geographical distribution for phosphoric rock reserves influencing production rates may hinder the industry growth. Moreover, substitute developments through material science advancement may hamper product demand.