magnesium hydroxide market is expected to increase at a CAGR of 5.8% during the forecast period 2016-2026

Magnesium hydroxide is a white, odourless, inorganic alkaline compound, which has strong neutralizing properties compared to conventional neutralizing agents such as caustic soda. Magnesium hydroxide is abundantly found in nature in the form of brucite minerals or produced from brine sea water by the precipitation method. It finds variety of application across diverse set of industries. Some of the prominent applications include environmental applications such as flue gas desulphurisation and wastewater treatment. It provides superior and cost effective solution as a neutralizing agent in waste water treatment application, as compared to the conventional water treatment chemicals such as caustic soda. In flue gas desulphurisation, it is used as an absorber to recover sulphur di oxide from flue gas. Another protruding application of magnesium hydroxide is in pharmaceuticals. Its suspension, also known as milk of magnesia is used as an antacid or laxative to recover gastrointestinal illnesses. It also used as flame retardant or smoke suppressant in plastics such as polyamide, polyvinyl chloride, and polypropylene, etc. Its endothermic degradation at relatively higher temperature and thermal stability marks it a potential choice as an additive over other flame retardant additives present in the market. Other magnesium hydroxide applications include cellulose protector in pulp and paper industry, as a source of magnesium for different applications, manufacturing of magnesium salts, ceramic, food additives, and lubricants.

Global magnesium hydroxide market is estimated to be valued at US$ 551.4 Mn in 2015, and is expected to register a moderate single digit CAGR in terms of value during the forecast period, 2016-2026.

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Market Dynamics

The increasing consumption of magnesium hydroxide in environmental applications is expected to be the primary driver for magnesium hydroxide market growth. Increasing wastewater treatment investment by oil & gas industries, chemical industries, power plants and municipal corporations, globally is anticipated to drive the magnesium hydroxide market growth, further. Besides, rising efforts of environmental organizations toward reducing the use of halogenated flame retardants is anticipated to drive the magnesium hydroxide market, over the forecast period. The rising use of flame retardants is resulting in increasing concern about its adverse effects on human health. This in turn followed by stricter governmental regulations on halogenated flame retardant additives by governments. In 2009, EPA through its EPA-Industry initiative phased out the production of some of the brominated flame retardants additives. Moreover, the growing use of magnesium hydroxide in pulp & paper industry as an alternative neutralizing agent and a cellulose protector is expected to drive the magnesium hydroxide growth, over the forecast period. Magnesium hydroxide provides cost effective and superior solution in both mechanical and chemical bleaching processes in pulp & paper industries. The pulp and paper industry which is growing in emerging markets, due to booming packaging industry is showing slight decline in the developed markets due to replacement of paper media by digital media. The pulp & paper industry in developed region is anticipated to show comparatively lower demand for magnesium hydroxide. The reconfiguration cost involved in replacement of caustic soda by magnesium hydroxide for waste water treatment application is estimated to be the major restraining factor for magnesium hydroxide market.

Global Magnesium Hydroxide Market Taxonomy

Global magnesium hydroxide market is segmented as follows:

By Application
By Region

By application, global magnesium hydroxide market is segmented into environmental, pharmaceuticals, flame retardants, chemicals & others. In terms of volume, the environmental application segment is estimated to dominate the magnesium hydroxide market over the forecast period.

Regional Analysis

On the basis of regions, the global magnesium hydroxide market is segmented into seven key regions, namely, North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America and Middle East and Africa. In terms of market value, Asia Pacific excluding Japan is estimated to dominate the magnesium hydroxide market throughout the forecast period, registering a CAGR of 7.4% during 2016-2026

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Key Players

Key players reported in this study on the global magnesium hydroxide market are 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., Xinyang Minerals Group, Premier Periclase Ltd., Israel Chemicals Ltd., Premier Magnesia LLC.

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This release was published on openPR.