Report

Global Magnesium Hydroxide Market Report and

130 pages Oct 2024
Global Magnesium Hydroxide Mar

Global Magnesium Hydroxide Market Report and Forecast 2032

By Form (Liquid Magnesium Hydroxide, Powder Magnesium Hydroxide), By Application (Wastewater Treatment, Pharmaceuticals, Flame Retardants, Chemicals & Others, Fuel Additives, Food ...& Feed, Abrasives, Others), By Grade (Industrial, Food, Pharmaceutical), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) Read more

  • Chemicals and Materials
  • Pages : 130
  • Oct 2024
  • Report Format :  

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Global Magnesium Hydroxide Market Insights & Analysis

The Global Magnesium Hydroxide Market was valued at USD 1.2 Billion in 2024 and is anticipated to register a CAGR of around 5% during the forecast period, i.e., 2024-32. The mounting usage of magnesium hydroxide in coral reef systems to regulate pH levels & boost the development of aquatic organisms would present profitable market opportunities. Owing to its capability to neutralize odors, its usage in sewage systems & wastewater treatment plants to discontinue unwanted odors is increasing. Magnesium & hydroxide ions combine to form the chemical substance known as magnesium hydroxide. It is a powdered, white material that dissolves very little in water and is often referred to as “milk of magnesia.”

Moreover, in anaerobic & aerobic biological treatment systems, magnesium hydroxide is normally employed in chemical processing facilities, meat processing industries, bakeries, etc. It is broadly used to treat acidic wastewater that is heavy in industrial metals & produces a filter cake that de-waters more quickly than lime or caustic soda. The expanding need for magnesium hydroxide in several industries, such as pharmaceuticals, flame retardancy, and environmental protection, is predicted to be a major driver of the Magnesium Hydroxide Market globally.

Global Magnesium Hydroxide Market FY32

Description of Image
  • Study Period: 2020- 2032

  • Base Year: 2024

  • CAGR(2024-2032): 5%

  • Market Value 2024: USD 1.2 Billion

  • Fastest Growing Market: Asia-Pacific

  • Major Players: Xinyang Minerals Group, Premier Magnesia, LLC, NikoMag, Nedmag B.V., Tateho Chemical Industries Co., Ltd., Konoshima Chemical Co. Ltd., and Others 

Recently, the market for premium magnesium hydroxide of pharmaceutical grade has grown tremendously. The implementation of strict quality standards as well as a focus on purity & safety is also aiding in elevating the market expansion. Magnesium hydroxide is becoming a more dependable & high-quality raw material offered by more producers for usage in pharmaceutical goods.

Furthermore, over the next ten years, a rise in demand for magnesium hydroxide is expected from the mining industry, owing to the expansion & increased efforts to reduce its negative environmental effects. As magnesium hydroxide functions as a flame & smoke suppressor, therefore its demand from the plastic sector is expected to upsurge, owing to the growing requirement for secure & fire-resistant plastic products. This, in turn, would assist in enhancing the Magnesium Hydroxide Market size through 2032.

Besides, the global market is anticipated to see high growth prospects due to the upsurge in demand for the substances in the steel sector. In the iron & steel industries, a small amount of magnesium is added to white cast iron to cause graphite to farm spherical nodules, largely increasing the iron’s strength & malleability. Also, the steel industry is opening new avenues for the market, due to the rising use of magnesium hydroxide as a refractory brick that is carbon-fertilized to offer corrosion resistance. Thus, to make high-grade steel for construction or building projects like bridges, magnesium is utilized, further generating high market demand.

Additionally, the industry for smart packaging has also been growing globally in recent years, owing to an upgrade in R&D focused on optimizing the advantages of magnesium hydroxide. Also, the leading companies in the industry are planning numerous projects to increase their market share, further creating an opportunistic arena for the Magnesium Hydroxide Market during 2024-32.


Global Magnesium Hydroxide Market Report and Forecast 2032

Magnesium Hydroxide Market Dynamics

  • High Demand from Wastewater Treatment Sector to Drive the Market Growth

In the wastewater treatment process, magnesium hydroxide is utilized for multiple applications, thus elevating the market demand graph. Its use in a variety of industrial applications, like furnaces, municipal water supply systems, and towers as well as its ability to reduce corrosion is improved by adding magnesium hydroxide to acidic water to raise its pH. This substance has two possible uses in wastewater treatment, i.e., flocculant & coagulant. It makes suspended particles easier to deposit & aggregate, which improves their capacity to separate from the water.

Moreover, the global population is also rapidly increasing, and the world’s freshwater resources are being severely harmed by rising urbanization & industrialization. Therefore, to preserve the environment, several governing authorities & regulatory organizations have released several laws & requirements on wastewater treatment & disposal, notably from the industrial sector. Further, industries are compelled to implement effective wastewater treatment procedures by the strict implementation of these requirements. Thus, the surge in the demand for wastewater treatment is poised to drive the Magnesium Hydroxide Market growth.

  • Side Effects Related to the Overdose of Magnesium to Restraint the Industry Expansion

Though, magnesium hydroxide is widely utilized in many industries worldwide, however overdosing on magnesium hydroxide has numerous harmful effects, which is creating a challenge for the Global Magnesium Hydroxide Market growth. With the consumption of large dosages of laxatives or antacids (more than 5,000 mg of magnesium daily), containing a high quantity of magnesium hydroxide could result in vomiting, diarrhea, and cramping.

Furthermore, hypermagnesemia can also lead to respiratory discomfort, mood swings, muscle weakness, etc., hence with the knowledge of these harmful effects of magnesium hydroxide & regulatory issues, many consumers prefer to avoid products or things containing it. This, in turn, is hindering the market expansion.

  • Growing Investments in the Technical Advancement of Magnesium Hydroxide Production

Recently, to improvise & enhance the manufacturing and storage procedures, several startup companies in the Global Magnesium Hydroxide Market are observed to be making substantial investments in the technological advancements of its production. As, these organizations seek to create magnesium hydroxide that is more productive, has higher quality, and is more efficient, thus they are focusing on enhancing the production tools & refining processes.

Moreover, with a greater consumer base and the rising demand for magnesium hydroxide owing to the ongoing advances, these companies are destined to outperform & satisfy the increasing requirements globally, thus generating an opportunistic arena for industry growth in the forecast years.

Magnesium Hydroxide Market Segment-wise Analysis

By Form:

  • Slurry
  • Powder
  • Others

By capturing the dominating share of the Magnesium Hydroxide Market, the Powder segment is predicted to lead during 2024-32. Magnesium hydroxide powder is used in a variety of fields, like food processing, chemicals, wastewater, flame retardants, pharmaceuticals, and others. The segment’s market dominance is partly attributed to its versatility & efficacy in these varied industries. The powder form is well-known in the global industry owing to its vital characteristics & usage. Moreover, it is an essential part of preserving water quality as it is utilized in wastewater treatment to control pH levels & to eliminate smell.

Regional Projection of the Magnesium Hydroxide Industry

The Global Magnesium Hydroxide Market is geographically diversified, covering:

  • Asia-Pacific
  • North America
  • South America
  • Europe
  • The Middle East & Africa

Asia-Pacific is expected to lead the Global Magnesium Hydroxide Market owing to the continuous economic progression, due to growing requirements for machinery, manufacturing, infrastructure, etc. The region has a number of nations with economically viable & cost-effective production capacities. Thus, these regional countries are crucial in improving magnesium hydroxide’s availability & use.

Furthermore, China is to lead across the regional landscape, owing to the growing pharmaceutical industry. The government of China has begun to implement laws to promote & foster innovation in domestic medical devices, opening doors for industry under progress. Also, with the rising demand for varied medications, the Asia-Pacific Magnesium Hydroxide Market is predicted to flourish in the following years.

What Does Our Magnesium Hydroxide Market Research Study Entail?

  • Global Magnesium Hydroxide Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
  • The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
  • Global Magnesium Hydroxide Market Research Report entails details about the most critical shifts in market share in the prominent regions.
  • Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.


Table of Contents

  1. Introduction
    1. Objective of the study
    2. Product Definition
    3. Market Segmentation
    4. Study Variables
  2. Research Methodology
    1. Secondary Data Points
      1. Companies Interviewed
    2. Primary Data Points
      1. Break Down of Primary Interviews
  3. Executive Summary
  4. Market Dynamics
    1. Drivers
    2. Challenges
    3. Opportunity Assessment
  5. Recent Trends and Developments
  6. Policy and Regulatory Landscape
  7. Global Magnesium Hydroxide Market Overview (2020-2032)
    1. Market Size, By Value (in USD Billions)
    2. Market Share, By Form
      1. Liquid
      2. Powder
    3. Market Share, By Application
      1. Wastewater Treatment
      2. Pharmaceuticals
      3. Flame Retardants
      4. Chemicals
      5. Fuel Additives
      6. Food & Feed
      7. Abrasives
      8. Others
    4. Market Share, By Grade
      1. Industrial
      2. Food
      3. Pharmaceuticals
        1.  
    5. Market Share, By Region
      1. North America
      2. South America
      3. Europe
      4. Middle East & Africa
      5. Asia-Pacific
    6. Market Share, By Company
      1. Competition Characteristics
      2. Revenue Shares & Analysis
  8. North America Magnesium Hydroxide Market Overview (2020-2032)
    1. Market Size, By Value (in USD Billions)
    2. Market Share, By Form
    3. Market Share, By Application
    4. Market Share, By Grade
    5. Market Share, By Country
      1. US
      2. Canada
      3. Mexico
  9. South America Magnesium Hydroxide Market Overview (2020-2032)
    1. Market Size, By Value (in USD Billions)
    2. Market Share, By Form
    3. Market Share, By Application
    4. Market Share, By Grade
    5. Market Share, By Country
      1. Brazil
      2. Rest of South America
  10. Europe Magnesium Hydroxide Market Overview (2020-2032)
    1. Market Size, By Value (in USD Billions)
    2. Market Share, By Form
    3. Market Share, By Application
    4. Market Share, By Grade
    5. Market Share, By Country
      1. Germany
      2. Italy
      3. France
      4. UK
      5. Spain
      6. Rest of Europe
  11. Middle East & Africa Magnesium Hydroxide Market Overview (2020-2032)
    1. Market Size, By Value (in USD Billions)
    2. Market Share, By Form
    3. Market Share, By Application
    4. Market Share, By Grade
    5. Market Share, By Country
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East & Africa
  12. Asia Pacific Magnesium Hydroxide Market Overview (2020-2032)
    1. Market Size, By Value (in USD Billions)
    2. Market Share, By Form
    3. Market Share, By Application
    4. Market Share, By Grade
    5. Market Share, By Country
      1. China
      2. India
      3. Japan
      4. Rest of Asia-Pacific
  13. Competitive Outlook (Company Profiles – Partial List)
    1. Xinyang Minerals Group
      1.  Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    2. Premier Magnesia, LLC
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    3. NikoMag, Nedmag B.V.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    4. Tateho Chemical Industries Co., Ltd.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    5. Konoshima Chemical Co. Ltd.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    6. Osian Marine Chemicals Pvt. Ltd.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    7. Elementis
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    8. Timab Magnesium
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    9. Others (Israel Chemicals Ltd., Huber Advanced Materials, Nabaltec AG, Lehmann & Voss&Co., Martin Marietta Magnesia Specialties, LLC, Kisuma Chemicals B.V., Others)
  14. Contact Us & Disclaimer

Companies Mentioned

  • Xinyang Minerals Group
  • Premier Magnesia, LLC
  • NikoMag, Nedmag B.V.
  • Tateho Chemical Industries Co., Ltd.
  • Konoshima Chemical Co. Ltd.
  • Osian Marine Chemicals Pvt. Ltd.
  • Elementis
  • Timab Magnesium
  • Israel Chemicals Ltd.
  • Huber Advanced Materials
  • Nabaltec AG
  • Lehmann&Voss&Co.
  • Martin Marietta Magnesia Specialties, LLC 
  • Kisuma Chemicals B.V.
  • Others

Frequently Asked Questions

   A. The Global Magnesium Hydroxide Market is anticipated to witness a rise at a CAGR of around 5% during the forecast period, i.e., 2024-32.

   A. The high demand from wastewater treatment sector to drive the Global Magnesium Hydroxide Market through 2032.

   A. The side effects related to the overdose of magnesium is possible aspects projected to impede the further expansion of the Global Magnesium Hydroxide Market through 2032.

   A. The growing investments in the technical advancement of magnesium hydroxide production to open up new avenues for the Global Magnesium Hydroxide Market players.

   A. The leading companies in the Global Magnesium Hydroxide Market are Xinyang Minerals Group, Premier Magnesia, LLC, NikoMag, Nedmag B.V., Tateho Chemical Industries Co., Ltd., Konoshima Chemical Co. Ltd., Osian Marine Chemicals Pvt. Ltd., Elementis, Timab Magnesium, Israel Chemicals Ltd., Huber Advanced Materials, Nabaltec AG, Lehmann&Voss&Co., Martin Marietta Magnesia Specialties, LLC, Kisuma Chemicals B.V., and Others