Magnesium Nitrate Hexahydrate Market By Product Grade (Agricultural Grade, Industrial/Technical Grade, Laboratory & High-Purity Grade); By Application (Fertigation & Direct Crop Nutrition, Fertilizer Formulation & Blending, Foliar Nutrition, Nitric Acid & Chemical Processing, Catalysts & Specialty Materials, Ceramics & Surface Treatment, Laboratory & Research); By Geography; Segment Revenue Estimation, Forecast, 2026–2032

How Large Is the Global Magnesium Nitrate Hexahydrate Market, and What Is Driving Its Growth? – (Updated On: 23rd-Oct-2026)

According to Strategic Market Research, the Global Magnesium Nitrate Hexahydrate Market is projected to reach USD 310 million by 2032, compared with an estimated USD 220 million in 2025. This represents a compound annual growth rate (CAGR) of 5.0% during 2026–2032, supported by recurring demand for magnesium nitrate in water-soluble fertilizer formulations, greenhouse crop nutrition, and fertigation, alongside its established use in nitric acid processing, catalyst manufacturing, and specialty materials production.

 

China leads the Magnesium Nitrate Hexahydrate Market, supported by large-scale domestic manufacturing and established fertilizer applications. According to Shanxi Knlan Chemical's 2024 Annual Report, China's magnesium nitrate production reached approximately 300,000 metric tonnes in 2024, while the company reported annual capacity of 150,000 metric tonnes and a domestic market share exceeding 50%. The report identifies Magnesium Nitrate Hexahydrate as a major product and estimates that fertilizers account for more than 55% of China's magnesium nitrate market. Based on Strategic Market Research's country assessment, China represents approximately USD 100 million in 2025 consumption revenue, or 45.5% of global demand, with estimated sales volume of 235,000 metric tonnes. The country's manufacturing scale and strong agricultural demand make it an important influence on global Magnesium Nitrate Hexahydrate supply and pricing.

 

Shanxi Knlan Chemical has strengthened its Magnesium Nitrate Hexahydrate manufacturing capabilities through patented production technology. The company developed a high-tower granulation process for its Magnesium Nitrate Hexahydrate Prill, producing granules that are easier to handle, store and apply in agricultural fertilizers. According to its product documentation, this technology supports the production of Magnesium Nitrate Hexahydrate specifically for crop nutrition. The company also secured a manufacturing patent in July 2024 covering continuous magnesium nitrate production. These developments support more efficient manufacturing and strengthen Knlan's position in the agricultural Magnesium Nitrate Hexahydrate market.

 

Key Report Takeaways

By Product Grade

• Largest Subsegment – Agricultural Grade: Accounted for 82.7% of global revenue (USD 182 million) in 2025, with an estimated 4.8% CAGR during 2026–2032, supported by recurring Magnesium Nitrate Hexahydrate consumption in fertigation, greenhouse cultivation and water-soluble fertilizer manufacturing.

• Fastest-Growing Subsegment – Laboratory & High-Purity Grade: Represented 2.6% of revenue (USD 5.75 million) in 2025, with an estimated 6.5% CAGR, driven by specialized Magnesium Nitrate Hexahydrate use in analytical research and advanced magnesium-based materials.

 

By Application

• Largest Subsegment – Fertigation & Direct Crop Nutrition: Held 36.4% of global revenue (USD 80 million) in 2025, with an estimated 5.2% CAGR, supported by direct Magnesium Nitrate Hexahydrate application in greenhouse vegetables, hydroponics and irrigated horticulture.

• Fastest-Growing Subsegment – Catalysts & Specialty Materials: Contributed 4.8% of revenue (USD 10.50 million) in 2025, with an estimated 6.4% CAGR, supported by Magnesium Nitrate Hexahydrate use in specialty catalyst preparation and advanced material development.

 

By Geography

• Largest Region – Asia Pacific: Dominated with 68.2% of global revenue (USD 150 million) in 2025, with an estimated 4.9% CAGR, supported by China's large-scale Magnesium Nitrate Hexahydrate manufacturing and its established agricultural fertilizer applications.

• Fastest-Growing Region – North America: Represented 6.4% of revenue (USD 14 million) in 2025, with an estimated 6.2% CAGR, supported by opportunities for Magnesium Nitrate Hexahydrate in specialty chemical processing, agricultural formulations and high-purity research applications.

 

Recent Developments in the Magnesium Nitrate Hexahydrate Market

• April 7, 2026: Shandong Haihua Liwei New Materials received publication of its granted patent covering air-suspension granulation of spherical Magnesium Nitrate Hexahydrate. The technology targets improved particle strength, lower moisture absorption and higher production yield, offering potential improvements in product handling and manufacturing efficiency. (Source: China Patent CN121292484B)

 

Which Product Grades Lead the Magnesium Nitrate Hexahydrate Market?

Agricultural Grade dominates the Magnesium Nitrate Hexahydrate Market, generating an estimated USD 182 million in 2025, representing 82.7% of global revenue, with sales volume of approximately 455,000 metric tonnes. Its leadership comes from recurring use in greenhouse cultivation, fertigation and water-soluble fertilizer production. According to ICL Growing Solutions, its Nova Mag-N magnesium nitrate fertilizer is recommended throughout crop growth in greenhouses and open fields. Similarly, Haifa Group markets Magnisal, a Magnesium Nitrate Hexahydrate fertilizer used directly in irrigation and foliar nutrition and as an ingredient in blended fertilizers. These established products support agricultural demand by serving both fertilizer manufacturers and growers requiring regular magnesium nutrition.

 

Industrial/Technical Grade accounts for an estimated USD 32.25 million, or 14.7% of market revenue in 2025, with approximately 43,000 metric tonnes consumed. Demand comes primarily from chemical processing, catalyst manufacturing and specialty materials production. Haifa Group's Magnisal product information confirms its use in nitric acid processing, catalyst manufacturing, ceramics and metal treatment. These applications provide Haifa with industrial sales opportunities alongside its fertilizer business and create a separate source of Magnesium Nitrate Hexahydrate demand. The industrial grade's higher estimated revenue per tonne reflects the additional quality requirements of these applications.

 

Laboratory & High-Purity Grade accounted for an estimated USD 5.75 million, representing 2.6% of global Magnesium Nitrate Hexahydrate revenue in 2025, with approximately 2,000 metric tonnes of sales volume. Demand comes from analytical laboratories and research institutions using Magnesium Nitrate Hexahydrate for chemical analysis and the preparation of specialized magnesium-based materials. According to Sigma-Aldrich's official product information, its Magnesium Nitrate Hexahydrate ACS reagent is used in research involving magnesium oxide powders and magnesium aluminate ceramic materials. The company also markets separate grades for analytical and high-purity research applications. This gives Magnesium Nitrate Hexahydrate a specialized, higher-value market beyond agricultural fertilizers, although its contribution to individual manufacturers' revenue is undisclosed.

 

Which Applications Generate the Largest Magnesium Nitrate Hexahydrate Revenue?

Fertigation and Direct Crop Nutrition lead the Magnesium Nitrate Hexahydrate Market, accounting for an estimated USD 80 million, or 36.4% of global revenue, in 2025, with approximately 200,000 metric tonnes consumed. Demand is particularly important in greenhouse vegetables, hydroponics and irrigated horticulture, where magnesium nutrition is managed throughout crop growth. According to SQM's Ultrasol Magnit product information, magnesium nitrate fertilizer allows growers to supply magnesium and nitrogen without increasing sulfate levels in irrigation water. This creates a specific advantage in saline growing conditions and supports Magnesium Nitrate Hexahydrate use in crop nutrition programs where water quality influences fertilizer selection.

 

Fertilizer Formulation and Blending represent the second-largest application, contributing an estimated USD 76 million, or 34.5% of market revenue, with consumption of approximately 190,000 metric tonnes in 2025. Fertilizer manufacturers use Magnesium Nitrate Hexahydrate to produce soluble nutrient blends for crops requiring additional magnesium and nitrogen. China's manufacturing industry is particularly important to this application. Shanxi Knlan Chemical manufactures Magnesium Nitrate Hexahydrate for agricultural and industrial applications, supporting its role as a manufacturing input for specialty fertilizers. The company's established production operations demonstrate the importance of large-volume fertilizer manufacturing to Magnesium Nitrate Hexahydrate consumption.

 

Foliar Nutrition accounts for an estimated USD 26 million, representing 11.8% of global Magnesium Nitrate Hexahydrate revenue in 2025. This application is associated with fruit, vegetable and horticultural crops where growers apply magnesium nitrate directly to leaves to address magnesium requirements during crop development. Foliar use provides an additional market for Magnesium Nitrate Hexahydrate alongside irrigation-based applications, particularly where targeted nutrient correction is preferred.

 

Beyond agriculture, Nitric Acid and Chemical Processing contribute an estimated USD 14.25 million, supported by the use of Magnesium Nitrate Hexahydrate in selected nitric acid production processes. Catalysts and Specialty Materials account for approximately USD 10.50 million, while Ceramics and Surface Treatment contribute USD 7.50 million. These industrial applications create demand for Magnesium Nitrate Hexahydrate in smaller, specialized manufacturing channels. Research and laboratory applications account for the remaining estimated USD 5.75 million, supported by the use of Magnesium Nitrate Hexahydrate in analytical testing and specialty material development.

 

Which Regions and Countries Offer the Strongest Magnesium Nitrate Hexahydrate Opportunities?

Asia Pacific

Asia Pacific leads the Magnesium Nitrate Hexahydrate Market with estimated revenue of USD 150 million in 2025, representing approximately 68.2% of global revenue. Its market position is supported primarily by China's documented manufacturing scale, alongside fertilizer formulation and specialty chemical applications across other Asian markets.

 

Japan's Magnesium Nitrate Hexahydrate Market is estimated at USD 6 million in 2025, with consumption of approximately 10,000 metric tonnes. Its demand includes industrial catalyst production and magnesium-based chemical manufacturing. According to Ako Kasei, the company manufactures Magnesium Nitrate Hexahydrate for use in catalysts and the production of other magnesium salts. This establishes a domestic manufacturing channel serving industrial applications, giving Japan a different demand profile from China's larger agricultural fertilizer market.

 

South Korea contributes an estimated USD 4 million to the Magnesium Nitrate Hexahydrate Market in 2025, with an identifiable presence in laboratory and specialty chemical applications. Samchun Chemicals markets Magnesium Nitrate Hexahydrate for chemical and research use, while Duksan Pure Chemicals also offers the compound through its domestic chemical distribution business. These companies demonstrate the availability of Magnesium Nitrate Hexahydrate for specialized industrial and research requirements in South Korea.

 

Europe

Europe accounts for an estimated USD 36 million in 2025 Magnesium Nitrate Hexahydrate revenue, equivalent to 16.4% of the global market. Demand spans horticultural fertilizers, chemical manufacturing and analytical applications.

 

Germany's Magnesium Nitrate Hexahydrate Market is estimated at USD 8 million in 2025, supported by demand for laboratory chemicals and specialized industrial materials. Germany-based Merck KGaA markets Magnesium Nitrate Hexahydrate under its EMSURE brand, specifically for analytical testing. According to Merck's official product documentation, the product is intended for chemical analysis, establishing a direct application for Magnesium Nitrate Hexahydrate in laboratory testing. This gives Germany an identifiable specialty-grade market alongside agricultural and industrial applications, although the estimated national revenue requires further validation.

 

The Netherlands and Spain are important European markets for Magnesium Nitrate Hexahydrate used in horticultural fertilizers. Dutch company Van Iperen International markets Magnesium Nitrate Horticultural Grade, which its official safety documentation identifies specifically as Magnesium Nitrate Hexahydrate. Its Spanish product information confirms applications in greenhouse cultivation, open-field irrigation and foliar nutrition. These uses establish a direct agricultural market for Magnesium Nitrate Hexahydrate in European horticulture, particularly where growers incorporate magnesium into regular irrigation and crop-feeding programs.

 

North America

North America contributes an estimated USD 14 million in 2025, with the United States accounting for approximately USD 12 million. Its Magnesium Nitrate Hexahydrate market spans agricultural nutrient products, industrial chemical applications and research-grade chemicals.

 

In the United States, Magnesium Nitrate Hexahydrate demand is supported by specialty chemical manufacturing, laboratory research and agricultural applications. According to Sigma-Aldrich's official product information, its Magnesium Nitrate Hexahydrate is used to produce magnesium oxide powders and magnesium aluminate materials for advanced ceramics. Similarly, Thermo Fisher Scientific identifies Magnesium Nitrate Hexahydrate applications in ceramic manufacturing, chemical processing and analytical testing. These established uses create a specialized industrial market alongside agricultural demand, with higher-purity products offering additional revenue opportunities for manufacturers serving research and advanced materials applications.

 

Latin America and Middle East & Africa

Latin America accounts for an estimated USD 12 million in Magnesium Nitrate Hexahydrate revenue in 2025. Brazil represents a significant application opportunity through specialty fertilizer formulations and agricultural nutrient distribution. Haifa's regional blending presence provides an identifiable channel for specialty plant-nutrition products, although Magnesium Nitrate Hexahydrate-specific regional sales remain subject to further verification.

 

The Middle East & Africa contributes approximately USD 8 million. Israel is an important participating country through Haifa Group and ICL, both of which market magnesium nitrate-based crop nutrition products. Haifa's Magnisal product information identifies agricultural and industrial applications, supporting the region's role in specialty fertilizer manufacturing and international Magnesium Nitrate Hexahydrate distribution.

 

Who Are the Leading Companies in the Magnesium Nitrate Hexahydrate Market?

The global Magnesium Nitrate Hexahydrate Market includes Shanxi Knlan Chemical, Shanxi Dongjin Fertilizer, Haifa Group, ICL Group, Yara International, SQM, Van Iperen International, Ako Kasei, Merck, Thermo Fisher Scientific, and FUJIFILM Wako Pure Chemical. Competition differs between large-volume agricultural manufacturing and specialized industrial and laboratory applications.

 

China's Shanxi Knlan Chemical maintains a strong competitive position in Magnesium Nitrate Hexahydrate through large-scale manufacturing, crystalline and granular product offerings, and established fertilizer industry demand.

 

In agricultural applications, Haifa's Magnisal, ICL's Nova Mag-N, YaraTera KRISTA MAG, and SQM's Ultrasol Magnit compete for demand from fertilizer formulators, greenhouse growers, and fertigation operations. Van Iperen strengthens European distribution through its Magnesium Nitrate Horticultural Grade, sourced from Poland.

 

Japan's Ako Kasei participates in industrial-grade Magnesium Nitrate Hexahydrate manufacturing, while Merck, Thermo Fisher Scientific, and FUJIFILM Wako compete in analytical and high-purity grades.

 

Overall, agricultural competition centers on manufacturing scale, reliable availability, and fertilizer distribution, while industrial and research markets place greater importance on consistent quality. These companies represent different competitive positions, with individual Magnesium Nitrate Hexahydrate revenue shares remaining undisclosed.

 

How Was the Magnesium Nitrate Hexahydrate Market Evaluated?

Strategic Market Research evaluates the Magnesium Nitrate Hexahydrate Market through a demand- and production-based methodology linking manufacturer output, agricultural consumption, industrial applications and realized product pricing.

Agricultural consumption is assessed through fertilizer formulation activity, fertigation requirements, crop-specific application rates and magnesium nitrate adoption across major agricultural countries. Industrial demand covers fresh chemical requirements in nitric acid processing, catalysts, ceramics and specialized chemical manufacturing, while laboratory demand reflects reagent-grade sales and institutional consumption.

Market revenue is assessed using product-grade and country-specific pricing, accounting for agricultural bulk sales, industrial specifications, high-purity products and distribution channels. Manufacturer disclosures, identified production capacity, company product catalogs and chemical-specific trade information support volume validation.

Regional and application estimates are reconciled to avoid duplication between chemical producers, fertilizer formulators and direct agricultural consumption. The 2026–2032 outlook considers Magnesium Nitrate Hexahydrate-specific fertilizer adoption, industrial utilization, production availability and selling-price trends.

 

Magnesium Nitrate Hexahydrate Market Report Coverage Table

Report Attribute	Details
Forecast Period	2026–2032
Market Size Value in 2025	USD 220 Million
Revenue Forecast in 2032	USD 310 Million
Overall Growth Rate	5.0% CAGR
Base Year for Estimation	2025
Historical Data	2019–2024
Unit	USD Million, CAGR (2026–2032)
Segmentation	By Product Grade; By Application; By Geography
By Product Grade	Agricultural Grade, Industrial/Technical Grade, Laboratory & High-Purity Grade
By Application	Fertigation & Direct Crop Nutrition, Fertilizer Formulation & Blending, Foliar Nutrition, Nitric Acid & Chemical Processing, Catalysts & Specialty Materials, Ceramics & Surface Treatment, Laboratory & Research
By Region	North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Country Scope	China, Japan, South Korea, Germany, Netherlands, Spain, United States, Brazil, Israel, Poland
Market Drivers	This represents a compound annual growth rate (CAGR) of approximately 5.0% during 2026–2032, supported by recurring demand for magnesium nitrate in water-soluble fertilizer formulations, greenhouse crop nutrition, and fertigation, alongside its established use in nitric acid processing, catalyst manufacturing, and specialty materials production.
Customization Option	Available upon request