According to a new market report published by Lucintel, the future of the magnesium hydroxide market looks promising with opportunities in the industrial, municipal, and pharmaceutical industries. The global magnesium hydroxide market is expected to reach an estimated $779.2 million by 2023 with a CAGR of 4.1% from 2018 to 2023. The major drivers for this market are increasing awareness towards environment friendly flame retardant additives and growing consumption of magnesium hydroxide in the wastewater treatment, flue gas desulphurization, and pharmaceutical industries.
Browse 104 market data tables and 126 figures spread through 204 pages and in-depth TOC on “Global Magnesium Hydroxide Market"
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In this market, different types of magnesium hydroxide such as environmental protection, flame retardant, pharmaceutical ingredients, and others are used as application. Lucintel forecasts that environmental protection will remain the largest application due to growth in wastewater treatment and flue gas desulphurization activities in various industries. Lucintel predicts that pharmaceutical ingredients will witness the fastest growth during the forecast period due to the increasing demand of medicines and drugs for the treatment of indigestion, heartburn, and sour stomach.
Within the magnesium hydroxide market, the industrial end use is expected to remain the largest segment due to the increasing demand for wastewater treatment by various industries and growing consumption of non-halogenated flame retardant in the electric and electronic products for fire safety.
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Asia Pacific is expected to remain the largest market by value and volume and witness the highest growth over the forecast period due to the growing consumption of magnesium hydroxide in environmental protection and pharmaceutical industries.
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An emerging trend that has a direct impact on the dynamics of the magnesium hydroxide industry is increasing demand for ultrafine grade of magnesium hydroxide. Israel Chemical, Martin Marietta Materials, Huber Engineered Materials, Kyowa Chemical, Konoshima Chemical, Nedmag, Ube Material industries, and Xinyang Minerals and others are among the major magnesium hydroxide manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global magnesium hydroxide market by application, end use industry, purity level, product form, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Magnesium Hydroxide Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global magnesium hydroxide market by application, end use industry, purity level, product form, and region as follows:
By Application [Volume (Kilotons) and $M shipment analysis from 2012 to 2023]:
- Environmental Protection
- Flame Retardant
- Pharmaceutical Ingredient
- Others
By End Use Industry [Volume (Kilotons) and $M shipment analysis from 2012 to 2023]:
- Industrial
- Municipal
- Pharmaceutical
- Others
By Purity Level [Volume (Kilotons) and $M shipment analysis from 2012 to 2023]:
- 90%-95%
- 96%-100%
By Product Form [$M shipment analysis from 2012 to 2023]:
- Slurry
- Powder
- Fine Particles
- Others
By Region [$M shipment analysis for 2012 – 2023]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
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This 204-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/magnesium-hydroxide-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global magnesium hydroxide market by application (environmental protection, flame retardant, pharmaceutical ingredients, and others), end use industry (industrial, municipal, pharmaceutical, and others), purity level (90%-95% and 96%-100%), product form (slurry, powder, fine particles, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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