Magnesium Hydroxide Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Magnesium hydroxide refers to an inorganic compound that is obtained by the process of precipitation occurring between magnesium salts and sodium or between ammonium hydroxide and potassium. Magnesium hydroxide has a chemical formula Mg (OH)2. Industrial or commercial magnesium hydroxide is manufactured chemically from brine or seawater. As it has a milk-like appearance, magnesium hydroxide is also called milk of magnesia. It is less soluble in water and has low corrosiveness and low toxicity.

MARKET DYNAMICS

An increase in industrial application and rising demand from the water industry is driving the growth of the magnesium hydroxide market. Besides this, the use of magnesium hydroxide in construction and building material also drives the market growth. However, strict government regulations pertaining to the use of magnesium hydroxide in the food industry restricts market growth. The preference given to magnesium hydroxide as an alternative in bleaching application is expected to boost the demand for magnesium hydroxide in the years to come.

MARKET SCOPE

The "Global Magnesium Hydroxide Market Analysis to 2031" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the magnesium hydroxide market with detailed market segmentation by purity level, product form, application, end use industry and geography. The global magnesium hydroxide market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading magnesium hydroxide market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global magnesium hydroxide market is segmented on the basis of purity level, product form, application and end use industry. On the application of purity level, the magnesium hydroxide market is segmented into 90%-95% and 96%-100%. As per product form the market is bifurcated into slurry, powder, fine particles and others. The market as per application is broken into flame retardant, environment protection, pharmaceutical ingredient and others. Finally, as per end user industry the magnesium hydroxide market is classified into industrial, municipal, pharmaceutical and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global magnesium hydroxide market based on various segments. It also provides market size and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The magnesium hydroxide market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the magnesium hydroxide market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the magnesium hydroxide market in these regions.

MARKET PLAYERS

The reports cover key developments in the magnesium hydroxide market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from magnesium hydroxide market are anticipated to lucrative growth opportunities in the future with the rising demand for magnesium hydroxide market in the global market. Below mentioned is the list of few companies engaged in the magnesium hydroxide market.

he report also includes the profiles of key companies along with their SWOT analysis and market strategies in the magnesium hydroxide market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Huber Engineered Materials
  
•  Kyowa Chemical Industry Co. Ltd.
  
•  Lehmann & Voss & Co KG
  
•  Martin Marietta Materials Inc.
  
•  Nabaltec AG
  
•  Nedmag Industries Mining & Manufacturing B.V.
  
•  Premier Magnesia, LLC
  
•  Tateho Chemical Industries Co. Ltd.
  
•  Ube Industries Ltd.
  
•  Xinyang Mineral Group
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Magnesium Hydroxide Report Scope