As per this study the Global Magnesium hydroxide Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated XX KT in 2019 and is expected to reach XX KT by 2026 with a CAGR of XX%.
Magnesium hydroxide is the inorganic compound with the chemical formula Mg(OH)2 and is a naturally occurring mineral. It is white in color with odorless property and possess strong neutralizing feature. It is widely used for environmental application as an absorber in flue gas de-sulphurization and as a neutralizing agent in wastewater treatment. It is also used across the pharmaceutical industry for the preparation of gastrointestinal drugs where its suspension called milk of magnesia is used in antacids. Its other application area includes pulp and paper industry, chemical, lubricants, and food additives.
Rising demand for magnesium hydroxide across wastewater treatment and chemical industries coupled with the increasing usage in flame retardant is the prominent factor fueling the market demand. Growing application of magnesium hydroxide as a cellulose protector in pulp and paper industry coupled with the rising consumption of magnesium hydroxide for environmental and pharmaceutical application is also expected to propel the market growth. On the other hand, side-effects associated with the magnesium hydroxide is likely to hamper the market growth
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of magnesium hydroxide.
The broad magnesium hydroxide market has been sub-grouped into application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Flame Retardants
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for magnesium hydroxide in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Magnesium Hydroxide Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the magnesium hydroxide market includes Baymag Inc., Huber Engineering Materials, Israel Chemicals Ltd., Konoshima Chemicals Co. Ltd., Kyowa Chemical Industry Co. Ltd., Lehmann & Voss & CO. KG., Martin Marietta Materials Inc., Nabaltec AG., Nedmag Industries Mining & Manufacturing B.V., Premier Magnesia LLC., Premier Periclase Ltd., Sakai Chemical Industries Co. Ltd., Tateho Chemical Industries Co., Ltd, and Xinyang Mineral Group. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.