Opportunities for the global magnesium hydroxide market to reach $779.2 million by 2023

According to a new market report published by Lucintel, the future of the magnesium hydroxide market looks promising with opportunities in the industrial, municipal, and pharmaceutical industries. The global magnesium hydroxide market is expected to reach an estimated $779.2 million by 2023 with a CAGR of 4.1% from 2018 to 2023. The major drivers for this market are increasing awareness towards environment friendly flame retardant additives and growing consumption of magnesium hydroxide in the wastewater treatment, flue gas desulphurization, and pharmaceutical industries.
In this market, magnesium hydroxide is used as a neutralizing agent, clarifier, absorbent, and flame retardant in environmental protection, pharmaceutical ingredients, and other applications. Lucintel forecasts that environmental protection will remain the largest application due to growth in wastewater treatment and flue gas desulphurization activities in various industries. Lucintel predicts that pharmaceutical ingredients will witness the fastest growth during the forecast period due to the increasing demand of medicines and drugs for the treatment of indigestion, heartburn, and sour stomach.
Within the magnesium hydroxide market, the industrial end use is expected to remain the largest segment due to the increasing demand for wastewater treatment by various industries and growing consumption of non-halogenated flame retardant in the electric and electronic products for fire safety.
Asia Pacific is expected to remain the largest market by value and volume and witness the highest growth over the forecast period due to the growing consumption of magnesium hydroxide in environmental protection and pharmaceutical industries.
An emerging trend that has a direct impact on the dynamics of the industry is increasing demand for ultrafine grade of magnesium hydroxide. Israel Chemical, Martin Marietta Materials, Huber Engineered Materials, Kyowa Chemical, Konoshima Chemical, Nedmag, Ube Material industries, and Xinyang Minerals are among the major suppliers of magnesium hydroxide.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in 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 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategies as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a 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 2012 to 2023]:
• Environmental Protection
• Flame Retardant
• Pharmaceutical Ingredient
• Others

By End Use Industry [Volume (Kilotons) and $M shipment analysis from 2012 to 2023]:
• Industrial
• Municipal
• Pharmaceutical
• Others

By Purity Level [Volume (Kilotons) and $M shipment analysis from 2012 to 2023]:
• 90%-95%
• 96%-100%

By Product Form [$M shipment analysis from 2012 to 2023]:
• Slurry
• Powder
• Fine Particles
• Others
By Region [Volume (Kilotons) and $M shipment analysis from 2012 to 2023]:
• North America
– United States
– Canada
– Mexico
• Europe
– Eastern Europe
– Western Europe
• Asia Pacific
– China
– India
– Japan
• The Rest of the World

This 204-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, commercial due diligence report, business strategy consulting and market research reports online.

This report answers following 11 key questions:

Q.1 What are some of the most promising, high-growth opportunities for the global magnesium hydroxide market by application (environmental protection, flame retardant, pharmaceutical ingredients, and others), end use industry (industrial, municipal, pharmaceutical, and others), purity level (90%-95% and 96%-100%), product form (slurry, powder, fine particles, 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 reasons behind them?
Q.7 What are the 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?

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer 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.

Lucintel LLC
Lucintel, 8951 Cypress Waters Blvd., Suite 160, Dallas, TX 75019
+1-972-636-5056
marketing@lucintel.com

This release was published on openPR.