Magnesium Hydroxide Market size was valued at US$ 710.15 Mn. in 2023 and the total revenue is expected to grow at CAGR 4.71% through 2024 to 2030, reaching nearly US$ 980.09 Mn.Magnesium Hydroxide Market Overview:
Magnesium Hydroxide is an inorganic chemical compound known as milk of magnesia owing to its milk-like appearance. The chemical formula of Magnesium Hydroxide is mg(OH)2 and it is obtained by precipitation of magnesium salts and sodium, potassium, or ammonium hydroxide. It is a white solid with low solubility in water (Ksp = 5.61×10−12). Brucite is a form of natural magnesium and is used for commercial purposes such as fire-retardant. Magnesium hydroxide is a common component of antacids and laxatives. Magnesium hydroxide is used as a residual fuel-oil additive, an alkali drying agent in food, a color-retention agent, an ingredient of toothpaste and frozen desserts, a clarifier in sugar refining, and a neutralizing agent in the chemical industry. It is also used as an antacid to relieve indigestion, sour stomach, and heartburn.To know about the Research Methodology :- Request Free Sample Report
Magnesium Hydroxide Market Dynamics:
In the Desulfurization process, Magnesium hydroxide is widely used in fossil-fuel-based power plants. As countries are moving towards fossil-fuel plants, which is expected to increase the consumption of magnesium hydroxide for desulphurization. Furthermore, Magnesium hydroxide as a desulfurization agent has the advantages of high reaction activity, high desulfurization efficiency, and low liquid-gas ratio, so it has the characteristics of the low comprehensive investment and low operating cost. Magnesium Hydroxide is used as antiperspirant deodorant, its demand is high among the youth population. According to the UN report on Population Census in 2023, there are about 1.2 billion youth aged between 15 to 24 years in the world, which accounted for 16% of the global population. The growth in the population is expected to drive up the deodorant demand resulting in the growth of the Magnesium Hydroxide market. Thanks to the increasing use of Magnesium Hydroxide in the water treatment industry, it drives the market demand across the world. Owing to its large application like Flame retardant, fire resistance, refractory, fertilizer, desulfurized, soil conditioner, magnesium hydroxide fertilizer, rubber and plastic additives, environmental protection, fireproof coating, and heavy metal removal drives the global market demand. Furthermore, strict regulation of government on the usage of magnesium hydroxide in the food industry is hindering the growth of the magnesium hydroxide market. In addition, side effects such as allergic reactions, skin rashes, itching, and loss of appetite are also hampering the magnesium hydroxide market growth. The global Magnesium Hydroxide Market competition is highly fragmented, and leading companies have employed a variety of strategies to expand their footprints in this market, including expansions, agreements, joint ventures, partnerships, acquisitions, and others. The global market for Magnesium Hydroxide has witnessed moderate growth during 2023, due to the sudden outbreak of COVID-19. A decrease in demand within the industrial sector resulted in a slight decline in sales. The strict government regulations imposed by the many developed & developing economies like U.S., U.K., Japan, Germany, China, and India have made supply chain disruptions. Nonetheless, technological developments, government funding for R&D, and untapped potential in developing countries all present promising future growth.Magnesium Hydroxide Market Segment Analysis:
Based on the End-Use Industry the market is segmented into Industrial, Pharmaceutical, Municipal and Others end use industries. With the several application of Magnesium Hydroxide, the Industrial segment captured the largest product segment, accounted for more than xx% of the market in 2023. The industrial segment is expected to grow with the highest CAGR of xx% during the forecast period, due to the increasing use magnesium hydroxide as an absorbent in flue gas desulphurization and acid neutralizer and pH adjustment for wastewater treatment applications. The Pharmaceutical segment is expected to grow significantly owing to its widespread uses in the health sector. Based on Application, the market is segmented into Environmental Protection, Flame Retardant, Pharmaceutical Ingredient and Others applications. The Environmental Protection segment has dominated the Magnesium Hydroxide Market in 2023 and held the 46.3% of the global market share owing to the growth in wastewater treatment and flue gas desulphurization. Due to the compositional characteristics of brucite, it can be used for acid wastewater neutralization treatment. As growing demand for this segment, manufacturers are focusing on the introduction of advanced technology for the product, which fuels a high growth rate for this segment. The flame Retardant segment is expected to grow significantly due to the increasing demand for halogen-free flame retardant in the polymer industry. Thanks to its features like its performance, price, low corrosiveness, and low toxicity is expected to increase demand in market.Magnesium Hydroxide Market Regional Insights:
Asia Pacific region is the largest Magnesium Hydroxide Market consumer in the world during 2023 and it has accounted for more than half of the global consumption of Market share around, 54.82%. Thanks to the growing consumption of magnesium hydroxide in the Asia Pacific Region for environmental protection, flame retardant, and pharmaceutical industries. North America has occupied significant Magnesium Hydroxide Market share accounted for more than 31% in 2023 owing to the region is supported by the presence of major producers in the region. The Middle East and African market is expected to grow at a slow pace due to poor demand. The objective of the report is to present a comprehensive analysis of the Magnesium Hydroxide Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the Magnesium Hydroxide Market dynamic, structure by analyzing the market segments and project the Magnesium Hydroxide Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Magnesium Hydroxide Market make the report investor’s guide.Magnesium Hydroxide Market Scope: Inquire before buying
Magnesium Hydroxide Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 710.15 Mn. Forecast Period 2024 to 2030 CAGR: 4.5% Market Size in 2030: US $ 980.09 Mn. Segments Covered: by Form Slurry Powder Others by Application Wastewater Treatment Flue-Gas Desulphurisation Flame Retardant Pharmaceutical Food Additive Others Magnesium Hydroxide Market Key Players
1. Huber Engineered Materials 2. Israel Chemical Company 3. Nedmag B.V. 4. Konoshima Chemical Co. Ltd. 5. Ube Materials Industry 6. Martin Marietta Materials 7. Kyowa Chemical Industry Ltd., 8. Xinyang Minerals Group 9. Niknam Chemicals Private Limited 10. Martin Marietta 11. Kyowa Chemical 12. Albemarle 13. RHI Group 14. ICL 15. Konoshima Chemical 16. Russian Mining Chemical Spi Pharma Frequently Asked Questions: 1. Which region has the largest share in Global Market? Ans: Asia Pacific region held the highest share in 2023. 2. What is the growth rate of Global Magnesium Hydroxide Market? Ans: The Global Magnesium Hydroxide Market is growing at a CAGR of 4.71% during forecasting period 2024-2030. 3. What is scope of the Global Magnesium Hydroxide Market report? Ans: Global Magnesium Hydroxide Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Magnesium Hydroxide Market? Ans: The important key players in the Global Magnesium Hydroxide Market are – Huber Engineered Materials, Israel Chemical Company, Nedmag B.V., Konoshima Chemical Co. Ltd., Ube Materials Industry, Martin Marietta Materials, Kyowa Chemical Industry Ltd.,, Xinyang Minerals Group, Niknam Chemicals Private Limited, Martin Marietta, Kyowa Chemical, Albemarle, RHI Group, ICL, Konoshima Chemical, Russian Mining Chemical, and Spi Pharma 5. What is the study period of this Market? Ans: The Global Market is studied from 2023 to 2030.
1. Magnesium Hydroxide Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Magnesium Hydroxide Market: Dynamics 2.1. Magnesium Hydroxide Market Trends by Region 2.1.1. North America Magnesium Hydroxide Market Trends 2.1.2. Europe Magnesium Hydroxide Market Trends 2.1.3. Asia Pacific Magnesium Hydroxide Market Trends 2.1.4. Middle East and Africa Magnesium Hydroxide Market Trends 2.1.5. South America Magnesium Hydroxide Market Trends 2.2. Magnesium Hydroxide Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Magnesium Hydroxide Market Drivers 2.2.1.2. North America Magnesium Hydroxide Market Restraints 2.2.1.3. North America Magnesium Hydroxide Market Opportunities 2.2.1.4. North America Magnesium Hydroxide Market Challenges 2.2.2. Europe 2.2.2.1. Europe Magnesium Hydroxide Market Drivers 2.2.2.2. Europe Magnesium Hydroxide Market Restraints 2.2.2.3. Europe Magnesium Hydroxide Market Opportunities 2.2.2.4. Europe Magnesium Hydroxide Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Magnesium Hydroxide Market Drivers 2.2.3.2. Asia Pacific Magnesium Hydroxide Market Restraints 2.2.3.3. Asia Pacific Magnesium Hydroxide Market Opportunities 2.2.3.4. Asia Pacific Magnesium Hydroxide Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Magnesium Hydroxide Market Drivers 2.2.4.2. Middle East and Africa Magnesium Hydroxide Market Restraints 2.2.4.3. Middle East and Africa Magnesium Hydroxide Market Opportunities 2.2.4.4. Middle East and Africa Magnesium Hydroxide Market Challenges 2.2.5. South America 2.2.5.1. South America Magnesium Hydroxide Market Drivers 2.2.5.2. South America Magnesium Hydroxide Market Restraints 2.2.5.3. South America Magnesium Hydroxide Market Opportunities 2.2.5.4. South America Magnesium Hydroxide Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Magnesium Hydroxide Industry 2.8. Analysis of Government Schemes and Initiatives For Magnesium Hydroxide Industry 2.9. Magnesium Hydroxide Market Trade Analysis 2.10. The Global Pandemic Impact on Magnesium Hydroxide Market 3. Magnesium Hydroxide Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2023-2030 3.1. Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 3.1.1. Slurry 3.1.2. Powder 3.1.3. Others 3.2. Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 3.2.1. Wastewater Treatment 3.2.2. Flue-Gas Desulphurisation 3.2.3. Flame Retardant 3.2.4. Pharmaceutical 3.2.5. Food Additive 3.2.6. Others 3.3. Magnesium Hydroxide Market Size and Forecast, by Region (2023-2030) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Magnesium Hydroxide Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 4.1. North America Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 4.1.1. Slurry 4.1.2. Powder 4.1.3. Others 4.2. North America Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 4.2.1. Wastewater Treatment 4.2.2. Flue-Gas Desulphurisation 4.2.3. Flame Retardant 4.2.4. Pharmaceutical 4.2.5. Food Additive 4.2.6. Others 4.3. North America Magnesium Hydroxide Market Size and Forecast, by Country (2023-2030) 4.3.1. United States 4.3.1.1. United States Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 4.3.1.1.1. Slurry 4.3.1.1.2. Powder 4.3.1.1.3. Others 4.3.1.2. United States Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 4.3.1.2.1. Wastewater Treatment 4.3.1.2.2. Flue-Gas Desulphurisation 4.3.1.2.3. Flame Retardant 4.3.1.2.4. Pharmaceutical 4.3.1.2.5. Food Additive 4.3.1.2.6. Others 4.3.2. Canada 4.3.2.1. Canada Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 4.3.2.1.1. Slurry 4.3.2.1.2. Powder 4.3.2.1.3. Others 4.3.2.2. Canada Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 4.3.2.2.1. Wastewater Treatment 4.3.2.2.2. Flue-Gas Desulphurisation 4.3.2.2.3. Flame Retardant 4.3.2.2.4. Pharmaceutical 4.3.2.2.5. Food Additive 4.3.2.2.6. Others 4.3.3. Mexico 4.3.3.1. Mexico Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 4.3.3.1.1. Slurry 4.3.3.1.2. Powder 4.3.3.1.3. Others 4.3.3.2. Mexico Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 4.3.3.2.1. Wastewater Treatment 4.3.3.2.2. Flue-Gas Desulphurisation 4.3.3.2.3. Flame Retardant 4.3.3.2.4. Pharmaceutical 4.3.3.2.5. Food Additive 4.3.3.2.6. Others 5. Europe Magnesium Hydroxide Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 5.1. Europe Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 5.2. Europe Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 5.3. Europe Magnesium Hydroxide Market Size and Forecast, by Country (2023-2030) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 5.3.1.2. United Kingdom Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 5.3.2. France 5.3.2.1. France Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 5.3.2.2. France Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 5.3.3. Germany 5.3.3.1. Germany Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 5.3.3.2. Germany Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 5.3.4. Italy 5.3.4.1. Italy Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 5.3.4.2. Italy Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 5.3.5. Spain 5.3.5.1. Spain Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 5.3.5.2. Spain Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 5.3.6. Sweden 5.3.6.1. Sweden Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 5.3.6.2. Sweden Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 5.3.7. Austria 5.3.7.1. Austria Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 5.3.7.2. Austria Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 5.3.8.2. Rest of Europe Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 6. Asia Pacific Magnesium Hydroxide Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 6.1. Asia Pacific Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 6.2. Asia Pacific Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 6.3. Asia Pacific Magnesium Hydroxide Market Size and Forecast, by Country (2023-2030) 6.3.1. China 6.3.1.1. China Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 6.3.1.2. China Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 6.3.2. S Korea 6.3.2.1. S Korea Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 6.3.2.2. S Korea Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 6.3.3. Japan 6.3.3.1. Japan Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 6.3.3.2. Japan Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 6.3.4. India 6.3.4.1. India Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 6.3.4.2. India Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 6.3.5. Australia 6.3.5.1. Australia Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 6.3.5.2. Australia Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 6.3.6. Indonesia 6.3.6.1. Indonesia Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 6.3.6.2. Indonesia Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 6.3.7. Malaysia 6.3.7.1. Malaysia Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 6.3.7.2. Malaysia Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 6.3.8. Vietnam 6.3.8.1. Vietnam Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 6.3.8.2. Vietnam Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 6.3.9. Taiwan 6.3.9.1. Taiwan Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 6.3.9.2. Taiwan Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 6.3.10.2. Rest of Asia Pacific Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 7. Middle East and Africa Magnesium Hydroxide Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 7.1. Middle East and Africa Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 7.2. Middle East and Africa Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 7.3. Middle East and Africa Magnesium Hydroxide Market Size and Forecast, by Country (2023-2030) 7.3.1. South Africa 7.3.1.1. South Africa Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 7.3.1.2. South Africa Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 7.3.2. GCC 7.3.2.1. GCC Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 7.3.2.2. GCC Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 7.3.3. Nigeria 7.3.3.1. Nigeria Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 7.3.3.2. Nigeria Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 7.3.4.2. Rest of ME&A Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 8. South America Magnesium Hydroxide Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 8.1. South America Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 8.2. South America Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 8.3. South America Magnesium Hydroxide Market Size and Forecast, by Country (2023-2030) 8.3.1. Brazil 8.3.1.1. Brazil Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 8.3.1.2. Brazil Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 8.3.2. Argentina 8.3.2.1. Argentina Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 8.3.2.2. Argentina Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Magnesium Hydroxide Market Size and Forecast, by Form (2023-2030) 8.3.3.2. Rest Of South America Magnesium Hydroxide Market Size and Forecast, by Application (2023-2030) 9. Global Magnesium Hydroxide Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Magnesium Hydroxide Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Huber Engineered Materials 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Israel Chemical Company 10.3. Nedmag B.V. 10.4. Konoshima Chemical Co. Ltd. 10.5. Ube Materials Industry 10.6. Martin Marietta Materials 10.7. Kyowa Chemical Industry Ltd., 10.8. Xinyang Minerals Group 10.9. Niknam Chemicals Private Limited 10.10. Martin Marietta 10.11. Kyowa Chemical 10.12. Albemarle 10.13. RHI Group 10.14. ICL 10.15. Konoshima Chemical 10.16. Russian Mining Chemical 10.17. Spi Pharma 11. Key Findings 12. Industry Recommendations 13. Magnesium Hydroxide Market: Research Methodology 14. Terms and Glossary