Global Magnesium Hydroxide Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global magnesium hydroxide market in its upcoming report titled, “Global Magnesium Hydroxide Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global magnesium hydroxide market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global magnesium hydroxide market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global magnesium hydroxide market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global magnesium hydroxide market report has been segmented on the basis of application, and region.

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Magnesium hydroxide Mg(OH)2 is a naturally occurring white powder material having no odor. The best known form of compound is milk liquid known as milk of magnesia which is used to treat constipation.

Increasing industrial growth and rising demand from water industry is a major factor driving growth of the global magnesium hydroxide market. In addition, increasing adoption of magnesium hydroxide from various industries such as chemical, electrical, and oil industry are other factors expected to drive growth of the global magnesium market. Moreover, owing to properties such as flame and fire retardant, use of magnesium hydroxide in building and construction material such as composite panels, roofing components, insulation materials is expected to further drive growth of the global magnesium hydroxide market.

However, strict government regulations related to use of magnesium hydroxide in food industry is a major factor hampering growth of the global magnesium hydroxide market. Additionally, side effects of magnesium hydroxide such as allergic reaction like skin rash, itching or hives, and loss of appetite are other factors expected to hamper growth of the global magnesium hydroxide market.

Technological advancements in use of magnesium hydroxide of large diameter which is significantly low in ionic impurities is a better solution for insulation performance is expected to present new opportunities for market players operating in the global magnesium hydroxide market.

North America market is a dominant player in the global magnesium hydroxide market and accounts for largest market share in terms of revenue as compared to that of markets in other regions. This is attributed to increasing adoption of magnesium hydroxide from chemical, oil, food, and water industries. Europe market accounts for the second largest revenue share contribution to the global magnesium hydroxide market followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to have the fastest growth in terms of revenue, owing to increase in adoption of magnesium hydroxide from construction and building sector in this region.

Market Segmentation:

Global magnesium hydroxide market segmentation, by application:

• Environmental
• Chemicals
• Water
• Others

Global magnesium hydroxide market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Nedmag Industries Mining & Manufacturing B.V.
• Nabaltec AG
• Huber Engineering Materials
• Kyowa Chemical Industry Co. Ltd.
• Konoshima Chemical Co. Ltd.
• Tateho Chemical Industries Co. Ltd.
• Baymag Inc.
• Sakai Chemical Industries Co. Ltd.
• Lehmann & Voss CO. & KG.
• Martine Marietta Materials Inc.