Global demand for magnesium hydroxide will grow by 4.6% in 2016 to reach 943,304 metric tonnes. China - the largest producer, consumer, and exporter of magnesium hydroxide - will maintain its numero uno position as the market leader, with total revenues expected to reach US$ 143.4 Mn, up from US$ 133 Mn in 2015. Environmental uses, including wastewater treatment and flue gas desulphurisation - ... Read more
Global demand for magnesium hydroxide will grow by 4.6% in 2016 to reach 943,304 metric tonnes. China – the largest producer, consumer, and exporter of magnesium hydroxide – will maintain its numero uno position as the market leader, with total revenues expected to reach US$ 143.4 Mn, up from US$ 133 Mn in 2015. Environmental uses, including wastewater treatment and flue gas desulphurisation – will continue to spur demand in 2016, representing 47.1% share of total revenues.
The global Magnesium Hydroxide Market is estimated to be valued at US$ 773.0 Billion in 2022 and is expected to exhibit a CAGR of 6.9% over the forecast period from 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Magnesium hydroxide is a chemical compound that is widely used in various industries. It is primarily used as a flame retardant in plastics, rubber, and textiles, due to its ... Read more
Magnesium hydroxide or brucite (Mg(OH)2) is a white solid mineral known for its highly alkaline nature. It is commonly used as a flame retardant in various resin systems, plastics, and composites. Magnesium hydroxide releases water and decomposes endothermically to release non-flammable gases as temperature increases, thereby preventing combustion. It also reduces smoke and halogen emission making it a preferred choice for multiple end-use industries such as electrical & electronics, ... Read more
Magnesium hydroxide is commonly known as milk of magnesia and is used as an antacid, laxative and constipation reliever. It is also used for acid neutralization and flue gas desulfurization in industries such as steel production, cement manufacturing and power generation. Magnesium hydroxide provides various benefits such as high acid neutralizing capacity, moisture retention capability and low cost.
The global Magnesium Hydroxide Market is estimated to be valued at US$ 826. ... Read more
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 $1.0 billion by 2028 from $0.8 billion in 2022, at a CAGR of 4.6 ... Read more
Magnesium hydroxide is an inorganic compound that is generally white in color and odorless powder that is highly crystalline in nature. It is known for its strong alkalinity and flame retardant properties. Magnesium hydroxide finds key applications as a flame retardant in plastics, rubber, and thermosetting resins and as an acid-neutralizing agent in various industrial sectors such as chemical, pharmaceutical, food & beverage and personal care. It is considered a cost-effective flame ... Read more
