Expanding Applications Boost Magnesium Carbonate Mineral Market Growth by 4.8% CAGR by 2034

sarah smith 2024-08-14

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The global magnesium carbonate mineral market is projected to grow from USD 241.5 million in 2024 to USD 386.7 million by 2034, at a CAGR of 4.8%. This growth is driven by the increasing applications of magnesium carbonate across various industries, including pharmaceuticals, sports, construction, healthcare, and agriculture. In the medical sector, magnesium carbonate is commonly used as an antacid and laxative due to its alkaline properties, aiding in digestive treatments. Additionally, it plays a crucial role in the production of tablets and medical powders in pharmaceuticals.

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