Magnesium is a naturally occurring mineral that is essential for the effective functioning of different body systems. Magnesium hydroxide is the precipitation of magnesium salts with potassium, sodium or ammonium hydroxide. Magnesium hydroxide has a milk like appearance, due to which it is also known as milk of magnesia. To provide market participants active in the magnesium hydroxide market new open entryways, an unmatched reaction for security execution is necessary. Mechanical movements are used to carry magnesium hydroxide across vast distances, and it is typically low in ionic contaminations. There is combination of electrical barriers and thermal conductivity in combined magnesia.
Market Dynamics
Global magnesium hydroxide market has witnessed growth in terms of revenue in recent past years, owing to increasing demand for magnesium hydroxide form healthcare pharmaceutical industry. Magnesium hydroxide is also used during desulfurization process in the thermal power plants. Increasing application of magnesium hydroxide in various end- use industries is expected to drive the market growth in the near future.
Among region, Asia Pacific accounted for a substantial market share in terms of revenue in 2022, and is also expected to witness the fastest growth in next few years. Growing pharmaceutical industry increases demand for magnesium hydroxide in the emerging economies, and this is is expected to drive the market growth in the near future.
Key features of the study:
- This report provides in-depth analysis of global magnesium hydroxide market size (US$ Billion and Kilo Tons), and compound annual growth rate (CAGR %) for the forecast period (2023 – 2030), considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
- It profiles leading players in the global magnesium hydroxide market based on the following parameters–company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study includes Nedmag Industries Mining & Manufacturing B.V., Nabaltec AG., Huber Engineering Materials, Kyowa Chemical Industry Co. Ltd., Konoshima Chemicals Co. Ltd., Tateho Chemical Industries Co., Ltd, Baymag Inc., Sakai Chemical Industries Co. Ltd., Lehmann & Voss & CO. KG., Martin Marietta Materials Inc., Xinyang Mineral Group, Premier Periclase Ltd., Israel Chemicals Ltd., and Premier Magnesia LLC
- Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
- Global magnesium hydroxide market report caters to various stakeholders in this industry including investors, suppliers, global magnesium hydroxide manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global magnesium hydroxide market
Detailed Segmentation:
- Global Magnesium Hydroxide market, By Application:
- Environmental
- Flue-gas Desulphurization
- Wastewater Treatment
- Pharmaceuticals
- Chemicals & Others
- Flame Retardants
- Global Magnesium Hydroxide Market, By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- Nedmag Industries Mining & Manufacturing B.V.
- Nabaltec AG.
- Huber Engineering Materials
- Kyowa Chemical Industry Co. Ltd.
- Konoshima Chemicals Co. Ltd.
- Tateho Chemical Industries Co., Ltd
- Baymag Inc.
- Sakai Chemical Industries Co. Ltd.
- Lehmann & Voss & CO. KG.
- Martin Marietta Materials Inc.
- Xinyang Mineral Group
- Premier Periclase Ltd.
- Israel Chemicals Ltd.
- Premier Magnesia LLC
