Unlocking the Potential of Magnesium Chloride: Key Trends in the Growing Market
The global magnesium chloride market size is expected to reach USD 680 million by 2030, registering a CAGR of 4.3% from 2023 to 2030, according to a new study by Grand View Research, Inc. Magnesium chloride is widely accepted as a de-icing agent due to its effectiveness in melting ice and snow. The product demand from geographies with cold climates for de-icing applications is a significant driver of the market growth. Magnesium chloride is highly effective in melting ice and snow. When applied to icy surfaces, it lowers the freezing point of water, causing the ice to melt and preventing further ice formation. This property makes it a preferred choice for de-icing applications in cold climates. It has a lower freezing point compared to other deicing agents like rock salt (sodium chloride) and remains effective at lower temperatures, making it suitable for use in extremely cold regions. Geographies with cold climates, such as regions in North America, Europe, an...