• The global Magnesium Aluminum Carbonate market size was valued at US$ 189.4 million in 2024 and is projected to reach US$ 245.6 million by 2030, at a CAGR of 4.40% during the forecast period 2024-2030.
• The United States Magnesium Aluminum Carbonate market size was valued at US$ 54.3 million in 2024 and is projected to reach US$ 68.9 million by 2030, at a CAGR of 4.0% during the forecast period 2024-2030.
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• Magnesium Aluminum Carbonate is a complex carbonate compound used in pharmaceutical applications, particularly as an antacid and in various industrial applications.
• The global Magnesium Aluminum Carbonate market is growing moderately, driven by pharmaceutical and industrial applications. In 2023, total production reached 32,000 metric tons, with pharmaceutical applications accounting for 55% of demand. The industrial applications segment is growing at 4.8% annually. The market saw a 10% increase in demand for high-purity grades in 2023. Pharmaceutical grade dominates with a 60% market share, while industrial grade is growing at 5% annually. Asia Pacific leads with a 40% market share, while India is the fastest-growing region at 5.5% CAGR. The industry is focusing on developing enhanced formulations, with a 15% growth in R&D investments.
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Pharscin Pharma
Hubei Ouli Pharmaceutical
Nanning Baihui
Luan Pharma
Sichuan Jewelland Pharmaceutical
