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Magnesium Sulphate (Epsom Salt) Manufacturing Business

Magnesium Sulphate (Epsom Salt) Manufacturing Business. Profitable Project Opportunities in Chemical Industry

Magnesium sulfate, commonly known as Epsom salt, is a mineral. It works by replacing magnesium in the body and increasing water in the intestines. Magnesium is a naturally occurring mineral that is important for many systems in the body especially the muscles and nerves. Magnesium sulfate also increases water in the intestines.

Magnesium sulfate is used as a laxative to relieve occasional constipation. Magnesium sulfate can be used orally as a laxative to relieve occasional constipation, and to treat low levels of magnesium. Magnesium sulfate as a medication is used to treat and prevent low blood magnesium and seizures in women with eclampsia. It is also used in the treatment of torsades de pointes, severe asthma exacerbations, constipation, and barium poisoning. It is given by injection into a vein or muscle as well as by mouth. As Epsom salts, it is also used for mineral baths.

Magnesium Sulphate is a chemical compound which is a mixture of magnesium, oxygen, and sulphur. Magnesium sulphate often faced as sulphate mineral & epsomite which are commonly known as Epsom Salt. Applications of magnesium sulpjhate have spreaded across many industries such as healthcare, agriculture, pharmaceuticals, food additives and other industries as well. In medical, it is used both i.e. internally as well as externally.

Magnesium sulfate is an anhydrous inorganic salt in crystalline solid form composed of magnesium, oxygen, and sulfur. Magnesium sulfate shows very high solubility in water. Magnesium sulfate is odorless. Magnesium sulfate can be prepared artificially by neutralizing sulfuric acid with magnesium carbonate or oxide to obtain the heptahydrate form, but it is usually obtained directly from natural sources. Scientifically magnesium sulfate is represented by molecular formula MgSO4. Magnesium sulfate is also commonly known as Epsom salt (heptahydrate) or English salt, or bitter salt. Magnesium sulfate can also be found in hydrated forms broadly classified as monohydrate and heptahydrate. The monohydrate and heptahydrate forms contain one and seven H2O molecules, respectively. MgSO4 is commonly encountered as the heptahydrate sulfate mineral epsomite. It is usually called as Epsom salt.

Magnesium sulfate (anhydrous) is an inorganic salt made up of magnesium, oxygen, and sulfur. The molecular formula of magnesium sulfate is MgSO4. Magnesium sulfate is also known as Epsom salt (heptahydrate), English salt, and Bitter salt. Magnesium sulfate also occurs in hydrated forms, including monohydrate and heptahydrate. The monohydrate and heptahydrate forms contain one and seven H2O molecules, respectively. Magnesium sulfate is commonly encountered as the heptahydrate sulfate mineral epsomite. It is usually called as Epsom salt. Magnesium sulfate exists as white crystalline solid. Magnesium sulfate shows very high solubility in water. Magnesium sulfate is odorless. Magnesium sulfate can be prepared artificially by neutralizing sulfuric acid with magnesium carbonate or oxide to obtain the heptahydrate form, but it is usually obtained directly from natural sources. The only known method for preparing anhydrous magnesium sulfate is by the dehydration of a hydrate.

Another driver for magnesium sulphate market is revolution in agriculture. As new technologies are coming in field of farming, demand for magnesium sulphate is increasing. As new processes are coming out from R&D department of companies about the use of magnesium sulphate demand for magnesium sulphate market is increasing and will keep increasing. On the contrary, allergic reactions such as skin infection, diarrhoea or upset stomach could hamper the growth of the market.

The magnesium sulfate worldwide is most extreme requested in APAC nations, because of land fragmentation, people/ farmers are left with little land property. The needs to get greatest yield from the accessible area assets has produced and will promote create the need of magnesium sulfate utilization in farms. Followed by this, North America and European region holds the second and third position in terms of value and volume.

In gardening and other agriculture processes, magnesium sulfate plays an important role to correct magnesium or sulfur deficiency in soil. Magnesium sulfate is important component of various fertilizers. Magnesium is an essential element in the chlorophyll molecule, and sulfur is another important micronutrient. Magnesium sulfate is also effective in the removal of splinters. Magnesium sulfate is an effective anticonvulsant drug. Magnesium sulfate is well known for its application as most effective, low cost, and safe treatment available for severe pre-eclampsia and eclampsia. Magnesium sulfate also has ability to act as a vasodilator, having actions which relieve vasoconstriction, decrease cerebral edema formation, protect the blood-brain barrier, and act as a cerebral anticonvulsant. Magnesium sulfate can be administered either intravenously or intramuscularly. Magnesium sulfate is the main preparation of intravenous magnesium. Magnesium sulfate plays an important role to increase water content in the intestines. Magnesium sulfate is can also preferably used as a laxative to relieve occasional constipation. Anhydrous magnesium sulfate exhibits features, which make it a suitable drying agent. The anhydrous magnesium sulfate form is hygroscopic i.e. it readily absorbs water from the air. Magnesium sulfate is also recognized for its use as a beauty product. Athletes prefer magnesium sulfate to soothe sore muscles.

Magnesium Sulphate market is expected to worth USD 10,731.05 Million by 2027, at 4.48 % of a CAGR during the anticipated period (2017 – 2027).  The global magnesium sulfate market is consist of few leading players who have been holding the control of the global market. However, the market has been influenced by the cosmetic industry players and may witness their penetration due to magnesium sulfate offers a range of application in the cosmetic product formulations. The global magnesium sulfate market is projected to dominate by the leading cosmetic industry leaders since they have invested a huge amount for the product innovation and research.

Segmentation

The magnesium sulfate market is segmented based on type, form, application, and region. Based on type, the market is categorized into heptahydrate (Epsom salt), anhydrous magnesium sulphate, monohydrate magnesium sulphate, others. Based on form, the market is classified into crystal, powder, and granules. Based on application, magnesium sulphate market is classified into fertilizer, medical & personal care, food additive, industrial, chemical, and others. Based on region, the global market has been spanned across Asia Pacific, Latin America, North America, Europe, and the Middle East & Africa

As the population are growing very rapidly and the demand for food, particularly the quality of food need to increase so as serve the proper nutrients in human body. The large portion of population is very much conscious about health due to the increasing incidences of viruses and diseases. These factors are majorly forcing the government to provide the farmers all the possible help to make use of magnesium sulphate while farming. The decreasing arable land is also one of the major factor why farmers are pressurize to use magnesium sulphate as a fertilizer. Europe is considered as the major exporter of magnesium sulphate due to the larger availability and farmers are intended to use the magnesium sulphate as a key mineral which can improve the food quality.

Epsom salt market has been segmented on the basis of form such as granules, powder, crystal and bath bombs. Crystal segment is anticipated to retain its dominance throughout the forecast period. However, bath bomb segment is projected to register a higher growth of 5.07% during the review period.  On the basis of application, Epsom salt market is segmented into agriculture, food additives & pharmaceutical, personal care & home care, Chemicals & industrial and others (R&D). Personal care & home care segment is projected to account maximum market proportion during the forecast period. On basis of distribution channel, Epsom salt market is segmented into store based, non-store based. Store based segment also can be sub segmented into drug stores & specialty pharmacies, health & wellness center, supermarkets & hypermarkets, convenience stores and others. Non Store based distribution channel is gaining momentum during the review period by registering a CAGR of 4.99%.

Epsom salt leading market players

•        Bathclin (Japan)

•        Parfums De Coeur, Ltd (U.S.)

•        CVS Pharmacy (U.S.)

•        San Francisco Salt Company (U.S.)

•        SaltWorks, Inc. (U.S.)

•        Baymag Inc. (Canada)

•        K+ S Kali Gmbh (Germany)

 

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·         Uses & Applications

 

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Along with financial details as under:

 

  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital

 

  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals

                Revenue/Income/Realisation

                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios

                D.S.C.R

                Earnings Per Share (EPS)

               

             Debt Equity Ratio

   •     Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 

                B.E.P

  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR