Magnesium Hydroxide Market 2017-2027

Magnesium hydroxide is an inorganic alkaline compound manufactured by hydration of magnesia and is also found in nature in the forming mineral (brucite). It is used across environmental applications, such as flue gas desulphurization, wastewater treatment, and flame retardant & smoke suppressants. In the pharmaceutical industry, it is used as laxatives or antacids. Moreover, it is also used as a pulp bleaching, fuel additives, abrasives, leather, etc. Furthermore, other applications include the production of ceramics, salts, lubricating oil, and food additives.

The global magnesium hydroxide market is projected to reach US$ 1083.7 million by the end of 2027, in terms of revenue, growing at CAGR of 5.8% during the forecast period (2019 to 2027).

Drivers

Growing usage of magnesium hydroxide in flame retardant in order to replace the halogenated flame retardants due to rising health concerns are predominantly fueling the market growth of magnesium hydroxide. According to the Coherent Market Insights, brominated flame retardant additives are banned in most of the markets such as Europe, Asia, and North America due to neurodevelopmental toxicity, thyroid effects, and other side-effects on human health and magnesium hydroxide are projected to see a rise in demand as an alternative additive in these regions.

Growing usage of magnesium hydroxide in flue gas desulphurization for extracting high-quality petroleum products is estimated to augment the market growth of magnesium hydroxide. Deployment of the SO3 removal system is necessary across power plants and other industries in order to remove sulfur content in fuel which can cause corrosion of machinery and impact the performance of machines. Therefore, rising demand need for the removal of sulfur content from the fuel is expected to propel the market growth of magnesium hydroxide.

Regionally, Asia-Pacific dominated the global magnesium hydroxide market in 2018, reporting 38.8% market share in terms of revenue, followed by Europe and North America, respectively.

Figure 1. Global Magnesium Hydroxide Market, Revenue Share (%), By Region, 2018

Magnesium Hydroxide  | Coherent Market Insights

Market Restraints

The availability of substitutes such as caustic soda as it is an ideal neutralizing agent is expected to hinder the market growth of magnesium hydroxide. Most of the neutralizing systems installed in the industry are intended to use caustic soda as it has a higher reaction rate. However, using magnesium hydroxide system has to be reconfigured and this can be expensive. The aforementioned factors are expected to restrict the market growth of magnesium hydroxide.

Excessive consumption of magnesium may cause diarrhea and other side effects such as vomiting and cramping. This factor is expected to restrict the consumption of magnesium hydroxide, in turn hindering the market growth of magnesium hydroxide. Moreover, a high level of magnesium hydroxide in the blood may weaken muscles, leads to irregular heart rate and difficulty in breathing & mood swings. Such side-effects associated with the magnesium hydroxide is expected to impact the market growth negatively.

Market Opportunities

The growing application of magnesia in the steel industry as a refractory brick which is impregnated with carbon to offer excellent properties of corrosion resistance to the environment are propelling the market growth of magnesium hydroxide. Moreover, sprayable and castables based on magnesia are broadly used as a basic refractory lining for steel transfer applications. Therefore rising demand for magnesium hydroxide from the steel industry as a refractory brick is expected to foster the market growth over the forecast timeframe.

Rising usage of magnesia powder as filling for electrical heating materials is propelling the market growth of magnesium hydroxide. Fused magnesia has an excellent combination of thermal conductivity and electrical resistance. As it forms a layer between the element and the outer sheath. Moreover, magnesia is also used as mineral insulation across cables application. Therefore, emerging aforementioned application of magnesia is expected to augment the market growth of magnesium hydroxide.

Figure 2. Global Magnesium Hydroxide Market – Opportunity Analysis

Magnesium Hydroxide  | Coherent Market Insights

Market Trends

A growing number of partnerships among key players in order to strengthen the distribution and production of magnesium hydroxide is projected to augment the market growth over the forecast timeframe. For instance, in March 2019, Magnesium Producers NEDMAG and TIMAB MAGNESIUM have announced a strategic partnership for the development and commercialization of Magnesium Hydroxide in Marine Gas Scrubber Systems. Therefore, rising adoption such collaborative strategies among players is expected to accelerate the market growth of magnesium hydroxide.

Growing investment in the storage and production of magnesium hydroxide by the manufacturer is projected to foster market growth over the forecast timeframe. For instance, in June 2015, Nedmag Industries in Veendam, The Netherlands, will be expanding its magnesium hydroxide storage capacity. With the expansion of the magnesium hydroxide storage capacity, Nedmag forecast to meet the increasing demand for its magnesium hydroxide, especially in the pulp and paper industry.

Figure 3. Global Magnesium Hydroxide Market, Revenue Share (%), By Application, in 2018

Magnesium Hydroxide  | Coherent Market Insights

On the basis of application, in 2018, environmental accounted the largest market share of 47.5% in terms of revenue, followed by flame retardant and pharmaceutical, respectively.

Figure 4. Global Magnesium Hydroxide Market – Value Chain Analysis

Magnesium Hydroxide  | Coherent Market Insights

Competitive Section

Key players active in the magnesium hydroxide are 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.

Few Recent Developments

Nedmag Industries Mining & Manufacturing B.V.

  • In June 2015, Company announced a strategic alliance with Imerys S.A. to co-develop magnesium hydroxide bleaching technology and products to serve pulp and paper market

Nabaltec Ag

  • In February 2016, Company established its first fully own subsidiary, Nabaltec Asia Pacific K.K. in Tokyo, Japan to be engaged in marketing and sales of its entire product folio in the Asia market

Magnesium is a naturally occurring mineral which is essential for the effective functioning of different body systems. Magnesium hydroxide can be 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.

Market Dynamics

The global magnesium hydroxide market has witnessed a surge in market growth in terms of revenue in recent past years, owing to the increase of its demand in healthcare pharmaceutical industry. Magnesium hydroxide is also used during desulfurization process in the thermal power plants. The increasing application in various end user industries is projected to foster the market growth in the forthcoming years.

Among regions, Asia-Pacific was estimated to account for a substantial market share in terms of revenue, in 2018, and is also expected to witness the fastest growth in next few years. The rise in growth of pharmaceutical industry has augmented to the increase in demand of magnesium hydroxide in the emerging economies which in turn is expected to boost the growth of the global magnesium hydroxide market in future.

Key features of the study:

  • This report provides in-depth analysis of global magnesium hydroxide market size (US$ Million and Kilo Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 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
  • The 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
      • U.S.
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
      • Canada
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
    • Latin America
      • Brazil
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
      • Mexico
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
      • Rest of Latin America
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
    • Europe
      • EU 5
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
      • Benelux
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
      • Nordic
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
      • Russia
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants 
      • Ukraine
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
      • Rest of Europe
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
    • Asia Pacific
      • China
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
      • India
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
      • Japan
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
      • South Korea
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
      • Rest of Asia Pacific
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
    • Middle East & Africa
      • GCC
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
      • South Africa
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
      • North Africa
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
      • Rest of Middle East & Africa
        • By Application
          • Environmental
            • Flue-gas Desulphurization
            • Wastewater Treatment
          • Pharmaceuticals
          • Chemicals & Others
          • Flame Retardants
  • Company Profiles
    • Nedmag Industries Mining & Manufacturing B.V.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • 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

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Magnesium Hydroxide Market, By Application, 2017 - 2027 (US$ Billion and Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Environmental
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion and Kilo Tons)
      • Sub-Segment Trends
        • Flue-gas Desulphurization
        • Wastewater Treatment
    • Pharmaceuticals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion and Kilo Tons)
    • Chemicals & Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion and Kilo Tons)
    • Flame Retardants 
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion and Kilo Tons)
  5. Global Magnesium Hydroxide Market, By Region, 2017- 2027 (US$ Billion and Kilo Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
        • Canada
          • Country Trends
          •  Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
        • Rest of Latin America
          • Sub-region/Country Trends
          •  Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • EU 5
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
        • Nordic
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
        • Benelux
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
        • Ukraine
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
        • Rest of Europe
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2019 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
        • North Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
        • Rest of Middle East & Africa
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion and Kilo Tons)
  6. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Nedmag Industries Mining & Manufacturing B.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nabaltec AG.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Huber Engineering Materials
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Kyowa Chemical Industry Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Konoshima Chemicals Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Tateho Chemical Industries Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Baymag Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Sakai Chemical Industries Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Lehmann & Voss & CO. KG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Martin Marietta Materials Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Xinyang Mineral Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Premier Periclase Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Israel Chemicals Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Premier Magnesia LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  7. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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