Get the latest insights on price movement and trend analysis of Magnesium Carbonate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The global magnesium carbonate market is projected to expand from USD 9.11 billion in 2025 to& USD 17.1 billion by 2035, advancing at a CAGR of 6.5% over the forecast period.

Attributes	Key Insights
Estimated Size, 2025	USD 9.11 billion
Projected Size, 2035	USD 17.1 billion
Value-based CAGR (2025 to 2035)	6.5%

Semi-annual Market Update

Particular	Value CAGR
H1(2024 to 2034)	6.3%
H2 (2024 to 2034)	6.4%
H1 (2025 to 2035)	6.5%
H2 (2025 to 2035)	6.6%

Country-wise Insights

Countries	Value CAGR (2025 to 2035)
India	7.3%
China	6.5%
South Korea	7.2%
Chile	7.0%
Japan	6.8%

As per Cognitive Market Research's latest published report, the Global Magnesium Carbonate market size was $386.7 Million in 2022. Magnesium Carbonate Industry's Compound Annual Growth Rate will be 4.1% from 2023 to 2030. Factors Affecting Magnesium Carbonate Market Growth

Increasing demand for wastewater treatment.

Waste water is rapidly making a contribution for water sustainability. Since the shortage problem of water supplement is getting more intensive, waste water reuse becomes much more important for water resource replenishment. Water composition is not only vital for human health but also influences aquatic environments and ecosystems of surface and ground water. Waste water technology is essential for recycling efficiency of waste water. Waste water contains contaminants that are not desirable for aquatic environment; those elements would cause aquatic problems. The most familiar case is the increasing stress from eutrophication. Eutrophication is an outcome when excess amount of nutrients is released and accumulated in water body. When water collects excess nutrients, nutrients will be absorbed by aquatic vegetation and bio-organism as food energy, so quantity of microorganisms and algae is growing up. As consequences dissolved oxygen in water is consumed, water is then full filled with nutrients and simultaneously aquatic ecosystem is unbalanced. That’s why there is increase in demand of Magnesium Carbonate for waste water treatment.

As magnesium carbonate is relatively soluble than other carbonates like calcium carbonate. And if amounts of reagent are precisely adjusted, the water’s alkalinity will be reduced. So, PH of water maintains at low cost. This is efficient and less expensive process of waste water treatment adopted by industrial as well as municipal corporations.

The increasing use of magnesium carbonate in personal care and cosmetics

Factors such as increasing consumer focus on personal grooming, the demand for oil-absorbing products, and the growing cosmetics market drive the demand for magnesium carbonate in this sector. The Cosmetic and personal product demand is gradually increasing across the globe, owing to the rising disposable income of customers, changing Consumer Preferences, and beauty standards, growing awareness about health and well-being, and others. There has been a significant shift in consumer preferences and beauty standards, with an increasing emphasis on self-care, grooming, and personal appearance. Consumers are more conscious of their skincare, haircare, and overall well-being, leading to a greater demand for personal care and cosmetics products. Hence, due to the increasing demand for cosmetic and personal care products production, import, and export is also increasing in different countries such as the United States, South Korea, India, and others. For instance, in 2021, the United States exported $5.6B in Beauty Products to Canada, China, the UK, Hong Kong, and Australia. On the other hand, the United States imported $5.14B in Beauty Products in 2021.

Expanding pharmaceutical sector will drive the magnesium carbonate market’s growth (Access Detailed Analysis in the Full Report Version)

Introduction of Magnesium Carbonate

Magnesium carbonate, MgCO3, is found in nature as the mineral magnesite and is a vital source of elemental magnesium. It can be produced artificially by the action of carbon dioxide on a variety of magnesium compounds. It is an odorless white powder that has many industrial uses including, as a heat insulator for boilers and pipes and as an additive in food, pharmaceuticals, cosmetics, rubbers, inks, and glass. As magnesium carbonate is both hygroscopic and insoluble in water, it was the original additive used to make table salt free-flowing even in high-humidity conditions. Magnesium carbonate, also known as, dolomite is a white crystalline inorganic salt, which occurs naturally as magnesite. Magnesium carbonate has a high melting point of 2825°C and is insoluble in water and any inorganic solvent.

The basic use of magnesium carbonate is the production of magnesium oxide by calcining (heating a solid chemical compound to high temperatures in limited oxygen supply). Magnesite and dolomite minerals are used to produce refractory bricks. It is also used in flooring, fireproofing, and fire extinguishing compositions, cosmetics, dusting powder, and toothp...

Basic Magnesium Carbonate Market size was valued at USD 278.4 Million in 2023 and is projected to reach USD 463.4 Million by 2030, growing at a CAGR of 6.72% during the forecast period 2024-2030.

Global Basic Magnesium Carbonate Market Drivers

The market drivers for the Basic Magnesium Carbonate Market can be influenced by various factors. These may include:

Industrial Applications: Refractory materials, flame retardants, and environmental protection products are just a few of the industrial applications for basic magnesium carbonate. The market may be shaped by the need for certain applications. Sports and Fitness sector: The sports and fitness sector uses basic magnesium carbonate as well, particularly in the production of chalk used for weightlifting, rock climbing, gymnastics, and other sports. The market may be impacted by these activities' increasing popularity. Agriculture: Magnesium carbonate is utilized as a magnesium fertilizer in agricultural applications. Magnesium is a necessary nutrient for plants. The market may be impacted by the need for agricultural supplies and fertilizers. Environmental restrictions: Because magnesium compounds are used in waste treatment and pollution management, environmental restrictions and concerns may be the main drivers of the market for these compounds. Research and Development: Market expansion can be fueled by continued attempts to find new uses for basic magnesium carbonate or to enhance currently used procedures. Economic Trends: Businesses that utilize basic magnesium carbonate may be impacted by general economic conditions. Economic expansion may result in higher demand for manufacturing and construction, which would have an indirect impact on the market. Global Trends: The market for basic magnesium carbonate may be impacted by variables like trade laws, globalization, and geopolitical events. Market dynamics may change as a result of shifts in global supply and demand chains. Technical Developments: By increasing the product's efficiency or cost-effectiveness, innovations and technical developments in new applications or production methods can have an effect on the market.

Magnesium traded flat at 18,150 CNY/T on August 1, 2025. Over the past month, Magnesium's price has risen 5.52%, but it is still 3.46% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Magnesium.

Europe Magnesium Carbonate Mineral market USD 85.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031. Expanding applications in industries like construction, pharmaceuticals, and food additives is expected to aid the sales to USD 113.7 million by 2031

Check out Market Research Intellect's High Purity Magnesium Carbonate Market Report, valued at USD 650 million in 2024, with a projected growth to USD 1.1 billion by 2033 at a CAGR of 7.2% (2026-2033).

Forecast: Natural Magnesium Carbonate and Magnesium Oxide Market Size Value Per Capita in the UK 2022 - 2026 Discover more data with ReportLinker!

The global magnesium carbonate mineral market is projected to grow from USD 241.5 million in 2025 to USD 386.7 million by 2035, reflecting a compound annual growth rate (CAGR) of 4.8% during the forecast period.

Attributes	Description
Estimated Global Magnesium Carbonate Mineral Market Size (2025)	USD 241.5 million
Projected Global Magnesium Carbonate Mineral Market Value (2034)	USD 386.7 million
Value-based CAGR (2025 to 2035)	4.8%

Country-wise Analysis

Countries	CAGR 2025 to 2035
United States	2.7%
Spain	3.6%
Germany	2.3%
China	5.4%
India	7.2%

Magnesium Carbonate Minerals Market was valued at USD 267.3 Million in 2024 and is projected to reach USD 473.5 Million by 2032, growing at a CAGR of 4.6% from 2026 to 2032.

Global Magnesium Carbonate Minerals Market Drivers

Increasing Demand Across Industries: The applications of magnesium carbonate in various sectors, including pharmaceuticals, cosmetics, food and beverages, construction materials, and agriculture, are driving market growth. For instance, the pharmaceutical industry is experiencing significant expansion, with the global pharmaceutical market projected to reach USD 1.5 Trillion by 2023, increasing the demand for magnesium carbonate as an excipient and active ingredient.

Health and Wellness Trends: Growing health and wellness awareness is propelling demand for magnesium carbonate in dietary supplements. Magnesium is recognized for its health benefits, including supporting bone health and muscle function. According to the S. Department of Health and Human Services, approximately 50% of adults take dietary supplements, which include magnesium-based products.

Technological Advancements: Innovations in production processes and sustainability practices are enhancing the market The adoption of eco-friendly extraction methods aligns with global trends toward sustainable manufacturing, supported by government initiatives promoting green technologies.

Urbanization and Infrastructure Development: Rapid urbanization and infrastructure development, particularly in emerging economies like India and China, are driving demand for construction materials that utilize magnesium carbonate. The Asian Development Bank projects that Asia will need to invest USD 26 Trillion in infrastructure by 2030 to maintain growth momentum.

Forecast: Natural Magnesium Carbonate and Magnesium Oxide Market Size Value in Italy 2022 - 2026 Discover more data with ReportLinker!

According to Cognitive Market Research, the global Magnesium Carbonate Mineral market size is USD 284.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 113.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 85.38 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 65.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 14.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 5.69 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The Magnesite held the highest Magnesium Carbonate Mineral market revenue share in 2024.

Market Dynamics of Magnesium Carbonate Mineral Market

Key Drivers for Magnesium Carbonate Mineral Market

Increasing Industrial Applications to Increase the Demand Globally

Increasing industrial applications are driving the magnesium carbonate mineral market due to its versatility and beneficial properties. Magnesium carbonate is widely used across industries such as pharmaceuticals, cosmetics, food and beverages, construction materials, and agriculture. In pharmaceuticals, it serves as an active ingredient in antacids and laxatives. In cosmetics, it functions as an absorbent and bulking agent. Its use in food additives enhances texture and stability. Moreover, in construction, magnesium carbonate is utilized in materials like fireproofing boards and insulation due to its fire-resistant properties. The growing demand for sustainable and eco-friendly materials further supports its adoption. As industries continue to innovate and expand, the diverse applications of magnesium carbonate continue to drive its market growth globally.

Growing Health and Wellness Awareness to Propel Market Growth

Growing health and wellness awareness is propelling the magnesium carbonate mineral market due to its recognized benefits and natural properties. Magnesium carbonate is increasingly sought after in dietary supplements for its role in supporting bone health, muscle function, and overall well-being. It is also valued in skincare and personal care products for its absorbent and soothing properties. As consumers become more conscious of the ingredients in their products and seek natural alternatives, magnesium carbonate fits well within the trend towards clean and sustainable living. Additionally, its applications in sports nutrition and functional foods further bolster demand. This increasing awareness and preference for health-conscious products are driving manufacturers to innovate and expand the use of magnesium carbonate across diverse industries, driving market growth globally.

Restraint Factor for the Magnesium Carbonate Mineral Market

Fluctuating Raw Material Prices to Limit the Sales

Fluctuating raw material prices pose a significant restraint on the magnesium carbonate mineral market due to their direct impact on production costs and profitability. The prices of raw materials used in magnesium carbonate production, such as magnesium oxide and carbon dioxide, can vary widely due to factors like supply-demand dynamics, geopolitical events, and currency fluctuations. These fluctuations can disrupt supply chains, increase manufacturing expenses, and affect pricing strategies, making it challenging for manufacturers to maintain stable profit margins. Moreover, sudden price spikes can lead to inventory management issues and impact overall business planning. To mitigate these challenges, companies often engage in hedging strategies, seek alternative sourcing options, and focus on operational efficiency improvements. Addressing these fluctuations effectively is crucial for sustaining growth and competitiveness in the magnesium carbonate mineral market.

Impact of Covid-19 on the Magnesium Carbonate Mineral Market

The Covid-19 pandemic had a mixed impact on the magne...

Market Overview The global Basic Magnesium Carbonate market size was valued at USD XX million in 2025 and is projected to expand at a CAGR of XX% during the forecast period 2025-2033. The market is driven by the growing demand from various end-use industries such as pharmaceuticals, plastic & rubber industry, personal care & cosmetics, paints & inks, pulp & paper industry, food & beverage, and others. The increasing use of magnesium carbonate in pharmaceuticals for the production of antacids and laxatives is contributing to the market growth. Furthermore, the rising demand from personal care & cosmetics industry for use in skincare and hair care products is fueling the market expansion. Key Trends and Restraints The key trends influencing the Basic Magnesium Carbonate market include the increasing awareness about the health benefits of magnesium, rising demand for sustainable and biodegradable materials, and growing adoption of magnesium carbonate in wastewater treatment. Additionally, the development of innovative applications in construction and agriculture is expected to create new opportunities for market growth. However, the market may be restrained by the fluctuations in raw material prices and the stringent regulatory framework governing the production and use of magnesium carbonate in certain industries.

Uncover Market Research Intellect's latest Basic Magnesium Carbonate Market Report, valued at USD 320 million in 2024, expected to rise to USD 470 million by 2033 at a CAGR of 4.8% from 2026 to 2033.

Calcium Magnesium Carbonate Market size was USD 4.65 Billion in 2022 and is expected to reach USD 7.34 Billion by 2032, and register a rapid revenue CAGR of 5.2% during the forecast period.

The global magnesium carbonate market, valued at $91.8 million in 2025, is projected to experience steady growth with a compound annual growth rate (CAGR) of 3% from 2025 to 2033. This growth is driven by increasing demand from various industries, primarily pharmaceuticals, food and beverage, and cosmetics. The pharmaceutical industry utilizes magnesium carbonate as an antacid, laxative, and excipient in drug formulations, fueling significant market demand. Similarly, its use as a food additive (e.g., anticaking agent, nutrient supplement) and in cosmetics (e.g., as a filler, absorbent) contributes substantially to market expansion. Growing health consciousness and increasing disposable incomes in developing economies further stimulate market growth. However, fluctuations in raw material prices and the emergence of alternative materials could present challenges. Competition among established players like Konoshima Chemical, Naikai Salt Industries, and others, along with the entry of new players, will shape the competitive landscape. The market segmentation, while not explicitly provided, likely encompasses various grades and purities of magnesium carbonate, catering to the specific requirements of different industries. Regional variations in demand are expected, with developed regions such as North America and Europe possibly exhibiting higher per capita consumption compared to developing economies. The forecast period anticipates consistent growth based on the projected CAGR and sustained demand across key application areas. The market's steady growth trajectory is anticipated to continue through 2033, driven by innovations in formulation and application across different sectors. Strategic partnerships and mergers & acquisitions are likely to influence the competitive landscape, leading to consolidation and improved market share for some key players. Further research and development focusing on sustainable production methods and exploring new applications will be pivotal in sustaining the market's growth momentum. While precise regional data is unavailable, it's reasonable to assume that regions with significant manufacturing hubs and strong consumer markets will drive the largest share of market growth. The historical period (2019-2024) likely saw fluctuating growth influenced by economic factors and industry trends. However, the overall positive outlook suggests a sustained expansion throughout the forecast period.

Basic Magnesium Carbonate Market Outlook

The global basic magnesium carbonate market size is projected to experience significant growth, reaching approximately USD 1.2 billion by 2032, up from USD 750 million in 2023, with a compound annual growth rate (CAGR) of 5.5% during the forecast period. This expansion is largely driven by increasing applications across diverse industries such as pharmaceuticals, food and beverages, personal care, and industrial sectors.

One key growth factor contributing to the rising demand for basic magnesium carbonate is its extensive use in the pharmaceutical industry. As a vital excipient, it plays a crucial role in the formulation of tablets and capsules, providing stability and improving the bioavailability of active pharmaceutical ingredients. Furthermore, the burgeoning global healthcare sector, driven by an aging population and an increasing prevalence of chronic diseases, is further propelling the demand for pharmaceutical products, thereby boosting the market for basic magnesium carbonate.

Additionally, the food and beverages industry presents substantial growth opportunities for basic magnesium carbonate. It is widely used as an additive for its anti-caking properties, which help in maintaining the free-flowing nature of powdered products. The rising consumer preference for convenient, ready-to-eat food products and the increasing number of food processing units worldwide are significant drivers for the market. Moreover, the growing trend towards natural and clean-label ingredients is encouraging food manufacturers to incorporate basic magnesium carbonate into their products, further stimulating market growth.

The personal care industry also significantly contributes to the demand for basic magnesium carbonate. Its application in cosmetics as a mild abrasive, filler, and absorbent material is well-recognized. With the increasing consumer awareness regarding personal grooming and hygiene, coupled with the rising disposable income levels, the personal care segment is expected to witness robust growth. This, in turn, is anticipated to have a positive impact on the basic magnesium carbonate market.

Magnesium Dihydroxide, often known for its role as an antacid and laxative, is gaining attention in the industrial sector for its potential applications in flame retardants and wastewater treatment. This compound, with its unique properties, offers a promising alternative to traditional materials used in these industries. As environmental regulations become more stringent, the demand for eco-friendly and efficient solutions is on the rise, positioning Magnesium Dihydroxide as a valuable component in sustainable industrial processes. Its ability to neutralize acids and stabilize pH levels makes it an ideal choice for various applications, contributing to the overall growth of the market.

From a regional perspective, the Asia Pacific region dominates the market, driven by rapid industrialization, urbanization, and a growing pharmaceutical sector in countries such as China and India. North America and Europe also hold significant market shares due to the well-established pharmaceutical and food industries. Latin America, along with the Middle East and Africa, is expected to witness moderate growth, attributed to improving economic conditions and increasing industrial activities in these regions.

Product Type Analysis

The basic magnesium carbonate market can be segmented into light magnesium carbonate and heavy magnesium carbonate. Light magnesium carbonate, known for its high absorption properties, is extensively utilized in the pharmaceutical and food industries. Its lightweight and high surface area make it an ideal component in tablet formulations, where it aids in improving the dissolution rate of active ingredients. In the food industry, it is favored for its anti-caking properties, ensuring the free flow of powdered products such as spices and flour. As the demand for efficient pharmaceutical formulations and quality food products continues to rise, the light magnesium carbonate segment is expected to experience robust growth.

Heavy magnesium carbonate, on the other hand, is primarily used in industrial applications due to its higher density and stability. Industries such as rubber, glass, and ceramics extensively use heavy magnesium carbonate as a reinforcing agent, fluxing material, and filler. The ongoing advancements in these industries, coupled with the increasing need

Magnesium Carbonate Market Outlook

The global magnesium carbonate market size was valued at approximately USD 495 million in 2023 and is expected to reach USD 782 million by 2032, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period. The growth of this market is driven by the increasing demand in various industries such as pharmaceuticals, personal care, and food & beverage, which utilize magnesium carbonate for its diverse properties and applications.

One major growth factor for the magnesium carbonate market is its widespread use in the pharmaceutical industry. Magnesium carbonate serves as an essential ingredient in antacids and laxatives, helping to neutralize stomach acids and alleviate symptoms of indigestion and constipation. The rising prevalence of gastrointestinal disorders, coupled with an aging population, is expected to drive demand for magnesium carbonate in this segment. Additionally, its use as a filler and stabilizer in various pharmaceutical formulations further elevates its significance in this industry.

Another significant driver of market growth is the personal care and cosmetics industry. Magnesium carbonate is valued for its moisture-absorbing and anti-caking properties, making it a popular ingredient in products such as face powders, deodorants, and toothpaste. The increasing consumer awareness regarding personal hygiene and grooming, along with the rising disposable incomes, especially in emerging economies, is expected to propel the demand for magnesium carbonate in this sector. Furthermore, the trend towards natural and organic personal care products has led to increased utilization of magnesium carbonate due to its non-toxic and environmentally friendly nature.

The food and beverage industry also contributes to the growth of the magnesium carbonate market. It is commonly used as an anti-caking agent in food products like baking powder, salt, and confectionery items. The growing demand for processed and convenience foods, driven by fast-paced lifestyles and urbanization, is likely to boost the market for magnesium carbonate. Additionally, the increasing focus on food safety and quality standards has led to the adoption of magnesium carbonate to maintain the texture and stability of various food products.

Magnesite, a naturally occurring mineral, plays a crucial role in the production of magnesium carbonate. It is primarily composed of magnesium carbonate and is often used as a raw material in the manufacturing process. The extraction and processing of magnesite are essential for ensuring a steady supply of magnesium carbonate to meet the growing demand across various industries. The quality and availability of magnesite directly impact the production efficiency and cost-effectiveness of magnesium carbonate, making it a vital component in the supply chain. Additionally, the mining and processing of magnesite are subject to environmental regulations, which influence the sustainability practices within the industry.

Regionally, Asia Pacific is expected to be the fastest-growing market for magnesium carbonate, driven by rapid industrialization, urbanization, and the burgeoning pharmaceutical and personal care industries in countries like China and India. North America and Europe also hold significant market shares due to established pharmaceutical and food & beverage sectors, along with a high standard of living and consumer spending power. Latin America and the Middle East & Africa are anticipated to witness moderate growth, supported by developing healthcare infrastructure and increasing industrial activities.

Product Type Analysis

The magnesium carbonate market is segmented by product type into light magnesium carbonate and heavy magnesium carbonate. Light magnesium carbonate, known for its high porosity and large surface area, finds extensive application in industries such as pharmaceuticals, personal care, and food & beverage. It is often used as an adsorbent, filler, and drying agent, which enhances the performance of the end products. The demand for light magnesium carbonate is expected to grow significantly due to its versatility and effectiveness in various formulations.

Heavy magnesium carbonate, on the other hand, has a lower surface area and is denser compared to light magnesium carbonate. This type is primarily used in industrial applications, including the production of refractory materials, rubber, and plastics. The industrial segmen

The Magnesium Carbonate Market size was valued at USD 280.7 USD Million in 2023 and is projected to reach USD 387.14 USD Million by 2032, exhibiting a CAGR of 4.7 % during the forecast period. Magnesium carbonate is a white, odorless compound composed of magnesium, carbon, and oxygen. It exists in several forms, including calcined (dead-burned) magnesium carbonate, which is a refractory material used in industrial processes, and hydrated magnesium carbonate, often used in personal care and pharmaceuticals. Another form is the basic magnesium carbonate, used as a fire retardant and in the production of magnesium metal. Magnesium carbonate is valued for its ability to act as a drying agent, neutralize acids, and provide a source of magnesium in various applications. It is widely utilized in industries ranging from agriculture, where it serves as a soil conditioner, to the production of ceramics, and rubber, and as a sports chalk for grip enhancement. Key drivers for this market are: Exciting Initiatives by Leading Players to Fuel the Market . Potential restraints include: High Operating Costs May Challenge Growth of Market .

Asia Pacific Magnesium Carbonate Mineral market USD 65.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031. Rising industrialization, urbanization, and infrastructure development is expected to aid the sales to USD 102.5 million by 2031