According to a market report by Lucintel, the future of the global magnesium hydroxide market looks promising with opportunities in industrial, municipal, and pharmaceutical industries. The global magnesium hydroxide market is expected to reach an estimated $1 billion by 2028 at a CAGR of 4.6% from 2023 to 2028. 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.
Browse 111 figures/charts
and 108 tables in this 200 -page report to understand trends, opportunity and forecast in magnesium
hydroxide market to 2028 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)
In this market, magnesium hydroxide is used various application, such as
environmental protection, flame retardant, and pharmaceutical ingredient. 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 retardant in
polymer industry.
Within the magnesium hydroxide
market, the industrial will remain the largest end use industry due to the
increasing use 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.
Download sample by clicking on magnesium
hydroxide market
Huber Engineered Materials, Israel Chemical Company, Nedmag B.V.,
Konoshima Chemical Co. Ltd., Ube Materials Industry, Martin Marietta Materials,
Kyowa Chemical Industry Ltd., Xinyang Minerals Group, and Niknam Chemicals
Private Limited are the major suppliers in the magnesium hydroxide market.
This unique 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 write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
Related Reports
Magnesium Hydroxide
Market in MENA
Magnesium Hydroxide
Market in Canada
Magnesium Hydroxide
Market in Germany
Magnesium Hydroxide
Market in Japan
Magnesium Hydroxide
Market in Mexico
No comments:
Post a Comment