Set up Magnesium Sulphate Manufacturing Plant

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Magnesium Sulphate is a chemical compound that contains magnesium, oxygen, and sulphur. Magnesium sulphate is also known as sulphate mineral and epsomite, both of which are used to make Epsom Salt. Magnesium sulphate has use in a variety of areas, including healthcare, agriculture, medicines, food additives, and others. It is employed both internally and externally in the medical field.

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Manufacturing

Magnesium sulphate is a chemical salt formed by the combination of two soluble magnesium salts (magnesium hydroxide and sulphuric acid) and water. The two magnesium salts are dissolved in separate tanks before being charged with distilled water, resulting in magnesium sulphate solution. More intense combinations can be made if necessary.

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Because of the increase in temperature, this process results in precipitation as it cools. The result is a filtered white crystalline material known as MgSO4â€¢7H2O. Due to the presence of hydrogen sulphide gas created during the reaction of magnesium hydroxide with sulphuric acid, this precipitate has a distinct odour and can be used as manure or applied straight to the soil as fertiliser.

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Benefits

1. Low investment

2. No skills required

3. Low running cost

4. Immediate income after setting up

5. High profit margin 6. Easy Storage

7. Procurement can be made from farmers

8. Economical as an ingredient for agriculture and horticulture

9. Current market demand is high

10. a lot of export opportunities

11. Can be used in various industries such as horticulture, agriculture, animal husbandry and aquaculture

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12. Relatively cheap supply in India

13. Highly potential business idea

14. Not chemical based business

15. Little or no competition

16. Has strong scope for growth

17. Less capital intensive

18. Quick returns

19. Easy liquidity

20. Simple business set-up

21. Potential expansion

22. Environment friendly product

23. Margin improvement

24. Free from intermediaries

25. Promising revenue generation

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Market Outlook:

Magnesium Sulfate Market is to reach $1,233.3 million by 2026, after growing at a CAGR of 5.1% during 2021-2026. The growing need to achieve high agricultural yields coupled with the substantial growth of the worldwide agricultural industry is expected to be the main driver of demand growth in the years ahead. Furthermore, increasing use of magnesium sulfate in the personal care & cosmetics sector to formulate a range of important personal care items, including hair products, skincare products, sun-tan products and skin fresheners will create new opportunities for the growth of the global magnesium sulphate industry.

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