Global Brucite Market Forecast, Trend Analysis And Competition Tracking - Global Market Insights 2015 to 2031

Demand for Brucite from 2015 to 2020 Vs Future Market Projections for 2021-2031

From 2015 to 2020, sales of brucite were significantly high, expanding at under 5% CAGR.

Brucite is a fibrous mineral that occurs in massive form, tabular crystals, platy, and even rosettes. The stone may be translucent with a pearly luster, depending on the color. The color spectrum of these minerals includes grey, blue, white, colorless, a brighter blue-green, pale green, red, pink, orangey-red, and bright yellow. Some colors are relatively uncommon and are even said to be rare. These color variations are caused by minerals that color the stones, such as manganese and iron. It is often mixed with other minerals such as aragonite, calcite, talc, magnesite, chrysotile, serpentine, and dolomite. Brucite has been found in several locations, including Spain, Turkey, the Czech Republic, South Africa, Thailand, Canada, Russia, the USA, and a newly found bright yellow-hued mineral discovery from Pakistan.

Brucite can be used in dead-burned magnesia and caustic production as an industrial mineral. This mineral also has multiple industrial uses, such as a fire and smoke retardant, a functional filler in plastic compounds, carpet backing, and electric wire insulation. Brucite is also used in wastewater treatment. For example, it has been decided that these crucial minerals will be used as a neutralizing reactant in Britannia Mine’s effluent treatment systems. Other uses include dietary magnesium supplements, agricultural feed, specialty cement preparations as a chemical addition to portland cement, and odor control.

Global Brucite Market Revenue Outlook:

The global brucite market was valued at US$ 562.2 Mn in 2020 and is projected to register а САGR of 4.3% by 2031.

There is a strong demand for brucite from several end-use sectors for preventing accidents and fire casualties. Several countries are shifting towards fossil fuel-based power plants, resulting in a greater demand for brucite for desulphurization application purposes. This inorganic compound is also a vital component in antacids and laxatives. Generally produced as a liquid suspension, syrups, chewable tablets, and capsules in various flavors, brucite is also used in antiperspirant underarm deodorants. Brucite is a naturally-sourced mineral that is integral for the optimum functioning of the human body as such. This factor is resulting in the overall growth of the global brucite market.

Driving Factors and Lucrative Opportunities of Brucite

Owing to its self-buffering nature, brucite is considered ideal for wastewater treatment equipment owing to its alkalinity in water. Moreover, the chemical is innately safe to handle. Obstacles concerning scaling are commonplace in various wastewater treatment plants across the globe. Increasing focus on maintaining high-quality water standards is accenting an increase in investments towards wastewater treatment processes among several industries in the immediate future, including chemical plants, power plants, and municipal waste treatment centers. Brucite, coupled with its economic advantages, offers technical superiority over its alternatives. The usage of brucite in wastewater treatment plants accounts for about a quarter of the total market value.

Moreover, the rising usage of magnesia powder as a filling for electrical heating materials is propelling the market growth. Fused magnesia has an excellent combination of thermal conductivity and electrical resistance, and it forms a layer between the element and the outer sheath. Moreover, magnesia is also used as mineral insulation across cable applications. The application above of magnesia is expected to augment the revenue growth of the global brucite market. Additionally, technological innovations such as large diameter magnesium hydroxide, which is significantly low in ionic impurities, as an improved insulation performance solution, are expected to present market players operating in the global brucite market with new opportunities for revenue growth.

These factors are expected to bolster the projected profit margin for this given market in the forecast period.

COVID-19 impact on the Brucite Market

The COVID-19 pandemic has slowed down critical trade activities across several countries. The primary factor behind this slowdown is various countermeasures adopted by respective governments to curb the trajectory of this virus. As significant economies enforce precautionary lockdowns, a considerable gap between market supply and demand is being created, resulting in increased difficulties for both manufacturers and distributors to manage their respective operations effectively. This is a primary factor that is anticipated to influence prospects for revenue growth. However, as these lockdowns are gradually lifted, and economies begin to recover, this market is expected to regress to its pre-COVID state.

Significant Trends in Brucite

An emerging trend that directly impacts the dynamics of the brucite industry is the increasing demand for an ultrafine grade of magnesium hydroxide. The smaller the particle size of the magnesium hydroxide flame retardant, the better the effect. As the particle size of the magnesium hydroxide powder decreases, its specific surface area increases, and the surface properties change, which helps to improve the mechanical properties of the product. Therefore, when compared with other products, ultra-fine granularity is more conducive to improving the market competitiveness of enterprises.

Additionally, Recent trends have shown that companies are strengthening their position in the market through mergers & acquisitions of other businesses with core competencies in the magnesium hydroxide manufacturing sectors. This approach is beneficial as it allows companies to improve their research & development efforts and magnify their customer bases by expanding sales and distribution networks.

Competitive Landscape

The brucite market landscape appears highly consolidated, with a significant chunk being dominated by US players.

• Martin Marietta Materials, Inc.
• M. Huber Corporation
• LEHVOSS Group
• Konoshima Chemical Co., Ltd.
• Nedmag B.V.
• Premier Magnesia, LLC
• Dandong Xinyang Mineral Co., Ltd.
• Tateho Chemical Industries Co. Ltd.
• Garrison Minerals, LLC
• Russian Mining Chemical Company
• Dandong Yongfeng Minerals Co., Ltd.
• Kyowa Chemical Industry Co.
• Dandong Yongxing Mining Co., Ltd.
• Other Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Segments Covered

Brucite Market, By Grade Type

• Food Grade
• Technical Grade

Brucite Market, By End-Use

• Flame Retardant
• Pharmaceuticals
• Electric Wire Insulation
• Other End Uses