Magnesium nitrate is a versatile chemical with several applications across various industries. Its unique properties make it highly valuable for both agricultural and industrial purposes.
In agriculture, magnesium nitrate is primarily used as a nutrient in fertilizers to enhance plant growth and productivity. It provides a readily absorbable source of magnesium and nitrogen, two essential elements for plant development. This helps to improve photosynthesis, increase yield, and promote better overall crop quality.
Magnesium nitrate also serves key roles in different industrial contexts. It is used in the production of other chemicals, explosives, and even ceramics. Its ability to act as a dehydrating agent makes it valuable in the synthesis of some organic compounds while its high solubility is useful in wastewater treatment and fire suppression systems.
The Magnesium Nitrate Hexahydrate market is experiencing significant growth, projected to reach a market size of USD 1152.0 million by 2028, reflecting a steady CAGR of approximately 4.40%. This market, notable for its applications in various industrial processes, is underpinned by its stability and high solubility in water.
In 2023, global production of magnesium nitrate is estimated to be significantly high, with projections to rise steadily due to its increasing use in agriculture and industrial sectors. The current annual production rate is substantial, aligning with the expanding market size and demand forecasts.
Currently, major exporting countries include China and a few European nations, while the United States and emerging markets in Asia represent the largest importers. The trade dynamics are influenced by the industrial capacities and agricultural needs of these countries.
The average price per metric ton of Magnesium Nitrate Hexahydrate stands at approximately USD 350, with trends showing a slight increase due to the rising costs of raw materials and production. Market analysts predict a continuing rise in prices in the near future as demand continues to grow across multiple verticals.
When sourcing Magnesium Nitrate, a wide array of manufacturers and suppliers are available worldwide, showcasing diverse geographical distributions and specialized offerings. Key players in the market offer products varying in grade specifications to meet distinct industry needs, such as pharmaceutical, food grade, or technical applications.
Significant manufacturers such as Star Grace Mining Co., Ltd., Merck, and Gujarat Agri-Chem Industries Private Limited, denote the global spread of Magnesium Nitrate suppliers. Distribution hubs are prevalent in various countries including Germany, the USA, and India, which are pivotal in the trade lines of this chemical compound. Companies like Vizag Chemical in India emphasize localized supply chain advantages in fast-growing industrial markets.
Suppliers such as Seidler Chemical Co, Inc., part of the Maroon Group, distribute Magnesium Nitrate across grade types like USP, NF, and ACS, catering to specific regulatory and quality requirements. Services extending from these suppliers often include streamlined logistics, competitive pricing, and comprehensive customer support to assist buyers in making informed procurement decisions.
Magnesium Nitrate is subject to various regulatory controls and safety guidelines, particularly within the European Union (EU). The management and supervision of its use are primarily governed by regulations aimed at ensuring environmental protection and human health.
In the EU, Magnesium Nitrate is regulated under the REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) framework. This includes requirements for proper labeling, safety data sheets (SDS), and risk management measures. Additionally, the European Chemicals Agency (ECHA) classifies it as an oxidizing agent, necessitating specific handling and storage procedures.
For businesses dealing with the import or export of Magnesium Nitrate, knowledge of tariff codes and procedures is essential. As of the latest updates, tariffs and taxes may vary depending on the destination country and the specific trade agreements in place. It's advisable to consult the Trade Tariff look-up tool provided on the European Commission's website for the latest information.
Up-to-date details on the regulations pertaining to Magnesium Nitrate can be accessed through the ECHA's website or the EU's official portal, EUR-Lex, which provides comprehensive coverage of all EU legislation. These resources are invaluable for individuals and businesses aiming to comply with the current laws and guidelines.
Magnesium nitrate is a hygroscopic compound that must be handled with care due to its reactive nature. This chemical, primarily used in agriculture and various industrial processes, is also an oxidizing agent. Proper storage conditions involve keeping it in a cool, dry, and well-ventilated area away from any combustible and organic materials to prevent any hazardous reactions.
When handling magnesium nitrate, it is crucial to wear appropriate personal protective equipment (PPE). This includes gloves, protective eyewear, and clothing to prevent any direct contact with the skin or eyes, as it can cause irritation or more severe burns. Ensuring a clean environment and using tools made of materials that do not react with magnesium nitrate is also essential.
Due to its oxidizing properties, magnesium nitrate can accelerate the burning of combustible materials. In case of a fire, use appropriate extinguishing agents such as CO2, dry chemical, or foam to combat the fire. Avoid using water as it may not effectively control the fire involving magnesium nitrate. In the event of accidental spillage, it is advised to contain and collect the spill using inert absorbent material, then dispose of properly in accordance with local environmental regulations.
Magnesium nitrate is a hygroscopic compound, which means it readily absorbs water from the air, and as such, proper packaging and storage conditions are crucial to maintain its stability and purity. The typical packages available for magnesium nitrate are high-density polyethylene (HDPE) drums or bags that are resistant to moisture and chemical reactions. Such containers help in preventing the ingress of moisture and other environmental contaminants.
For industrial or large-scale use, magnesium nitrate is often shipped in bulk using sturdy, sealed containers like fiber drums, or in polypropylene bags lined with a plastic film. These bags can range in size from 25 kg to 1000 kg bulk bags. For laboratory or smaller-scale applications, it is common to use sealed glass or plastic bottles that provide additional protection against moisture.
It is crucial to store magnesium nitrate in a dry, well-ventilated area away from direct sunlight, heat sources, and incompatible substances such as organic materials or reducing agents. The storage area should also have temperature control mechanisms if possible, to avoid the decomposition of the chemical, which can be accelerated by high temperatures. Furthermore, storage areas must comply with all local and national guidelines on the storage of oxidizing agents like magnesium nitrate.
