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.

  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

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