According
to a new market report published by Lucintel, the future of the global magnesium
hydroxide market looks attractive with opportunities in industrial, municipal,
and pharmaceutical industries. The global magnesium hydroxide market is expected to
decline in 2020 due to global economic recession led by COVID-19. However
market will witness recovery in the year 2021 and it is expected to reach an
estimated $773 million by 2025 with
a CAGR of 4% to 6% from 2020 to 2025. The major drivers for this
market are increasing awareness towards environment friendly flame retardant
additives and growing demand for magnesium hydroxide in the wastewater
treatment, flue gas desulphurization, and pharmaceutical industries.
In
this market, magnesium hydroxide is used in various applications, such as environmental
protection, flame retardant, and pharmaceutical ingredients. On the basis of
comprehensive research, Lucintel forecasts that magnesium hydroxide for environmental
protection will remain the largest application due to growth in wastewater
treatment and flue gas desulphurization. Lucintel predicts that magnesium
hydroxide for flame retardant application will witness the highest growth due
to increasing demand for halogen free flame retardants in polymer industry.
Within this market, industrial will remain
the largest end use industry for magnesium hydroxide market due to the
increasing use of magnesium hydroxide as an absorbent in flue gas
desulphurization and acid neutralizer and pH adjustment for wastewater
treatment applications.
Asia
Pacific will remain the largest region by value and volume and witness the
highest growth over the forecast period due to the growing consumption of
magnesium hydroxide in environmental protection, flame retardant, and
pharmaceutical industries.
Huber
Engineered Materials, Israel Chemical Company, Nedmag, Konoshima Chemical Co.
Ltd., Ube Materials Industry, Martin Marietta Materials, Kyowa Chemical Industry Ltd., Xinyang
Minerals Group, and Niknam Chemicals Private Limited 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 2020-2025: Trends, Forecast, and Opportunity Analysis”. The
Lucintel report serves as a catalyst for growth strategy as it provides
comprehensive data and analysis on trends, key drivers, and directions. The
study includes trend and 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 2014 to 2025]:
- Environmental Protection
- Flame Retardants
- Pharmaceutical Ingredients
- Others
By End
Use Industry [Volume (Kilotons) and $M shipment analysis from 2014 to 2025]:
- Industrial
- Municipal
- Pharmaceutical
- Others
By Purity Level [Volume (Kilotons) and $M shipment
analysis from 2014 to 2025]:
- 90%-95%
- 96%-100%
By Product Form [Volume (Kilotons) and $M shipment analysis from 2014 to 2025]:
- Slurry
- Powder and Others
By Region [$M shipment analysis for 2014 – 2025]:
- North America
– United States
– Canada
– Mexico
- Europe
– Western Europe
– Eastern Europe
- Asia Pacific
– Japan
– China
– India
- The Rest of the World
This 200-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 helpdesk@lucintel.com.
Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.
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 the following 11 key
questions:
Q.1 What are some of the most promising,
high-growth opportunities for the global magnesium hydroxide by end use
industry (industrial, municipal, pharmaceutical, and others), application (environmental
protection, flame retardant, pharmaceutical ingredient, and others), purity
level (90%-95% and 96%-100%), product form (slurry, powder, 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 the 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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