Magnesium Ethoxide Market: Overview
Magnesiumethoxide, also called magnesium ethylate, magnesium ethanolate, or magnesiumdiethanolate, is a stable compound but reacts slowly with water and is highlyflammable in nature. It is incompatible with moisture or moist air, strongacids, and oxidizing agents. Magnesium ethoxide is precursor for Ziegler Nattacatalyst. Magnesium ethoxide is used as polymerization catalyst carrier forpolypropylene, polyethylene, and precision ceramic materials. It is a strong,reducing agent and has properties, such as, bulk density and high compaction.Magnesium ethoxide is used in a wide range of applications, such as, organicsynthesis of agrochemicals and pharmaceuticals. In the food industry, it isused as a colorant or flavoring agent. Magnesium ethoxide is also used inmanufacturing of detergents and biodiesel.
Magnesium Ethoxide Market: Segmentation
The globalmagnesium ethoxide market can be segmented based on form, end-userindustry, and region. In terms of form, the magnesium ethoxide market can beclassified into powder form and liquid form. The powder magnesium ethoxidesegment is expected to grow rapidly in the near future. Powder form magnesiumethoxide is used as reactant for the synthesis of Ziegler Natta catalyst andalso in polymerization reaction. Ziegler Natta catalyst is widely used andaccepted in all end-user industries which is expected to drive the demand formagnesium ethoxide market during the forecast period.
Based onend-user industry, the magnesium ethoxide market can be divided into polymer,food, agrochemical, pharmaceutical, and others. In the polymer industry,magnesium ethoxide is used as catalyst to increase the rate of production.Ziegler Natta catalyst is made of magnesium ethoxide powder and is used tocarry out isomerization or alkylation reaction. Also, magnesium ethoxide isused to produce olefins, alkenes, and long-chain hydrocarbons.
In thefood processing industry, magnesium ethoxide is used as a food additive foraroma and color. It also increases shelf life of food items. Magnesium ethoxideis presently available in green, chocolate, and white colors. In theagrochemical industry, magnesium ethoxide is used as a fertilizer, while in thepharmaceutical industry, it is used to make outer micro layer in genericmedicines.
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Magnesium Ethoxide Market: Regional Outlook
In termsof region, the global magnesium ethoxide market can be segmented into AsiaPacific, Europe, Latin America, North America, and Middle East & Africa.North America is expected to be lead the global magnesium ethoxide marketduring the forecast period. Increase in bio-based and recyclable polymerproduction is likely to drive the demand for magnesium ethoxide in the regionduring the forecast period. Following North America, Latin America is expectedto dominate the global pharmaceutical market during the forecast period. Thegovernment is focusing on research & development of generic medicines,which in turn, is projected to boost the demand for magnesium ethoxide in theregion during the forecast period. In Asia Pacific, countries such as India andChina are the leading markets for agrochemicals, which is anticipated to propelthe demand for magnesium ethoxide in the region. The government is focusing onmodern farming techniques, such as, hydroponic, rotary crops, agroforestrypractices, etc. which is estimated to generate demand for magnesium ethoxideduring the analysis period.
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Magnesium Ethoxide Market: Key Players
The globalmagnesium ethoxide market is consolidated with limited number of companiesoperating at the global and regional level. Major companies include Nippon,Soda Evonik, Dezhou Longteng Chemical Co., ltd, Gelest inc., and Hihangindustry Co., ltd.
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