Magnesium Hydroxide Market: Industry Analysis and Forecast (2021-2027) by End Use Industry and Application.

Magnesium Hydroxide Market size was valued at US$ 618.57 Mn. in 2020 and the total revenue is expected to grow at CAGR 4.71% through 2021 to 2027, reaching nearly US$ 853.70 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. Magnesium Hydroxide Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed specially with the impact of lockdown by region.

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 2019, 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 2020, 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 2020. 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. Magnesium Hydroxide Market 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 2020 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 2

Magnesium Hydroxide Market Regional Insights:

Asia Pacific region is the largest Magnesium Hydroxide Market consumer in the world during 2020 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 2020 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 4

Magnesium Hydroxide Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Magnesium Hydroxide Market Key Players

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 • Spi Pharma

Frequently Asked Questions:

1] What segments are covered in Magnesium Hydroxide Market report? Ans. The segments covered in Magnesium Hydroxide Market report are based on End Use Industry and Application. 2] Which region is expected to hold the highest share in the Magnesium Hydroxide Market? Ans. Asia Pacific Region is expected to hold the highest share in the Magnesium Hydroxide Market. 3] What is the market size of Magnesium Hydroxide Market by 2027? Ans. The market size of Magnesium Hydroxide Market by 2027 is US $ 853.70 Mn. 4] Who are the top key players in the Magnesium Hydroxide Market? Ans. 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, and Niknam Chemicals Private Limited, Martin Marietta, Kyowa Chemical, Albemarle, RHI Group, ICL, Konoshima Chemical, Russian Mining Chemical, Nedmag, Spi Pharma. 5] What was the market size of Magnesium Hydroxide Market in 2020? Ans. The market size of Magnesium Hydroxide Market in 2020 was US $ 618.57 Mn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Magnesium Hydroxide Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Magnesium Hydroxide Market 3.4. Geographical Snapshot of the Magnesium Hydroxide Market , By Manufacturer share 4. Magnesium Hydroxide Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Magnesium Hydroxide Market 5. Supply Side and Demand Side Indicators 6. Magnesium Hydroxide Market Analysis and Forecast, 2020-2027 6.1. Magnesium Hydroxide Market Size & Y-o-Y Growth Analysis. 7. Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 7.1.1. Industrial 7.1.2. Pharmaceutical 7.1.3. Municipal 7.1.4. Others 7.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 7.2.1. Environmental Protection 7.2.2. Flame Retardant 7.2.3. Pharmaceutical Ingredient 7.2.4. Others 7.3. Market Size (Value) Estimates & Forecast By Region, 2020-2027 7.3.1. North America 7.3.2. Europe 7.3.3. Asia-Pacific 7.3.4. Middle East & Africa 7.3.5. South America 8. Magnesium Hydroxide Market analysis and Forecasts, by Region 8.1. Market Size (Value) Estimates & Forecast by Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia Pacific 8.1.4. Middle East and Africa 8.1.5. South America 9. North America Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 9.1.1. Industrial 9.1.2. Pharmaceutical 9.1.3. Municipal 9.1.4. Others 9.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 9.2.1. Environmental Protection 9.2.2. Flame Retardant 9.2.3. Pharmaceutical Ingredient 9.2.4. Others 10. North America Magnesium Hydroxide Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 11.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 12. Canada Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 12.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 13. Mexico Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 13.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 14. Europe Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 14.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 15. Europe Magnesium Hydroxide Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 16.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 17. France Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 17.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 18. Germany Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 18.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 19. Italy Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 19.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 20. Spain Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 20.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 21. Sweden Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 21.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 22. CIS Countries Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 22.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 23. Rest of Europe Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 23.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 24. Asia Pacific Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 24.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 25. Asia Pacific Magnesium Hydroxide Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates &Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 26.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 27. India Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 27.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 28. Japan Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 28.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 29. South Korea Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 29.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 30. Australia Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 30.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 31. ASEAN Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 31.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 32. Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 32.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 33. Middle East Africa Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 33.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 34. Middle East Africa Magnesium Hydroxide Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 35.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 36. GCC Countries Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 36.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 37. Egypt Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 37.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 38. Nigeria Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 38.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 39. Rest of ME&A Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 39.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 40. South America Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 40.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 41. South America Magnesium Hydroxide Market Analysis and Forecast, by country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 42.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 43. Argentina Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 43.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 44. Rest of South America Magnesium Hydroxide Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By End Use Industry, 2020-2027 44.2. Market Size (Value) Estimates & Forecast By Application, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Magnesium Hydroxide Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Huber Engineered Materials 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Israel Chemical Company 45.3.3. Nedmag B.V. 45.3.4. Konoshima Chemical Co. Ltd. 45.3.5. Ube Materials Industry 45.3.6. Martin Marietta Materials 45.3.7. Kyowa Chemical Industry Ltd., 45.3.8. Xinyang Minerals Group 45.3.9. Niknam Chemicals Private Limited 45.3.10. Martin Marietta 45.3.11. Kyowa Chemical 45.3.12. Albemarle 45.3.13. RHI Group 45.3.14. ICL 45.3.15. Konoshima Chemical 45.3.16. Russian Mining Chemical 45.3.17. Spi Pharma 46. Primary Key Insights

About This Report

Report ID 121921
Category Material & Chemical
Published Date Oct 2021
Updated Date
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