According to a new market report published by Lucintel, the future of the global magnesium hydroxide market looks attractive with opportunities in industrial, municipal, and pharmaceutical industries. The global magnesium hydroxide market is expected to decline in 2020 due to global economic recession led by COVID-19. However market will witness recovery in the year 2021 and it is expected to reach an estimated $773 million by 2025 with a CAGR of 4% to 6% from 2020 to 2025. The major drivers for this market are increasing awareness towards environment friendly flame retardant additives and growing demand for magnesium hydroxide in the wastewater treatment, flue gas desulphurization, and pharmaceutical industries.
In this market, magnesium hydroxide is used in various applications, such as environmental protection, flame retardant, and pharmaceutical ingredients. On the basis of comprehensive research, Lucintel forecasts that magnesium hydroxide for environmental protection will remain the largest application due to growth in wastewater treatment and flue gas desulphurization. Lucintel predicts that magnesium hydroxide for flame retardant application will witness the highest growth due to increasing demand for halogen free flame retardants in polymer industry.
Within this market, industrial will remain the largest end use industry for magnesium hydroxide market due to the increasing use of magnesium hydroxide as an absorbent in flue gas desulphurization and acid neutralizer and pH adjustment for wastewater treatment applications.
Asia Pacific will remain the largest region by value and volume and witness the highest growth over the forecast period due to the growing consumption of magnesium hydroxide in environmental protection, flame retardant, and pharmaceutical industries.
Huber Engineered Materials, Israel Chemical Company, Nedmag, Konoshima Chemical Co. Ltd., Ube Materials Industry, Martin Marietta Materials, Kyowa Chemical Industry Ltd., Xinyang Minerals Group, and Niknam Chemicals Private Limited are among the major magnesium hydroxide manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed 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 2020-2025: Trends, Forecast, and Opportunity Analysis”. The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trend and 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 2014 to 2025]:
• Environmental Protection
• Flame Retardants
• Pharmaceutical Ingredients
By End Use Industry [Volume (Kilotons) and $M shipment analysis from 2014 to 2025]:
By Purity Level [Volume (Kilotons) and $M shipment analysis from 2014 to 2025]:
By Product Form [Volume (Kilotons) and $M shipment analysis from 2014 to 2025]:
• Powder and Others
By Region [$M shipment analysis for 2014 – 2025]:
• North America
– United States
– Western Europe
– Eastern Europe
• Asia Pacific
• The Rest of the World
This 200-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 email@example.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Opportunity Screening and Analysis, Strategic Growth Consulting and Capital Investment Analysis.
This report answers the following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global magnesium hydroxide by end use industry (industrial, municipal, pharmaceutical, and others), application (environmental protection, flame retardant, pharmaceutical ingredient, and others), purity level (90%-95% and 96%-100%), product form (slurry, powder, 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 the reasons behind them?
Q.7 What are some 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?