Magnesium Chloride Market: Size, Share & Forecast (2025–2032)

The global magnesium chloride market was valued at USD 1.08 billion in 2024 and is expected to reach approximately USD 1.63 billion by 2032, growing at a CAGR of 5.3%. Demand is driven by the compound’s wide use in eco-friendly de-icing, water treatment, food processing, and pharmaceutical applications. Its growing popularity as a sustainable additive and industrial raw material continues to shape its long-term market potential.