Global Magnesium Hydroxide Market to Witness Increase in Revenues by 2025

ResearchMoz present a comprehensive research report namely "Global Magnesium Hydroxide Market Research Report 2019" which reveals an extensive analysis of global industry by delivering the detailed information about Forthcoming Trends, Customer’s Expectations, Technological Improvements, Competitive Dynamics and Working Capital in the Market. This is an in-depth study of the market enlightening key forecast to 2025.

Chemically inorganic in nature, magnesium hydroxide is synthesized by precipitation between magnesium salts and sodium, ammonium, or potassium hydroxide. Magnesium hydroxide finds key application in laxatives and antacids. Some small-scale application of magnesium hydroxide is for underarm deodorants. Industrial application of magnesium hydroxide as a non-dangerous alkali is accounted too. Collectively, a wide range of applications of magnesium hydroxide across varied end users serves to boost the magnesium hydroxide market.

Magnesium Hydroxide Paste is an aqueous paste of Magnesium Hydroxide. It contains not less than 93.0 percent and not more than 107.0 percent of the labeled amount of magnesium hydroxide [Mg(OH)2], the labeled amount being not less than 28.0 percent and not more than 70.0 percent of magnesium hydroxide.

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According to QYRs analysts, the concentration of magnesium hydroxide industry is relative low. The top ten companies accounted for about 54% production volume market share in 2016. The major production regions mainly locate in Europe, USA, Japan and China. And the major manufacturers are included Ube Materials, Martin Marietta, Kyowa Chemical, ICL, Russian Mining Chemical, Xinyang Minerals Group, Lianda Chemical, Qinghai Best, Deer, Dandong Yungsing, and others.
The global production of magnesium hydroxide increases from 613 K MT in 2012 to 788 K MT in 2017, and expect to grow at a CAGR of 3.41% from 2017 to 2022. The major manufacturers mainly concentrate in Europe, North America, Japan and China. In 2016, North American magnesium hydroxide production share was about 22%. Europe production share took 17% and Japan production share also took 17%. China took about 32%.

Magnesium hydroxide is an important inorganic material which can be used for environmental protection field, flame retardant field, pharmaceutical field and others. The largest end use for magnesium hydroxide, accounting for about 59% of consumption in 2016, is in environmental usesflue gas desulfurization and wastewater treatment. The use of magnesium hydroxide in flame retardants was a fast-growing application, and accounted for about 23% of magnesium hydroxide consumption in 2016.

Currently, many companies use magnesium ore, seawater and underground brines as the raw material of magnesium hydroxide. The manufacturing processes are natural product refining method and chemical synthesis method. Currently, chemical synthesis method was the major technology in the market, accounting for approximately 57% market share in 2016. So, the technical barriers of magnesium hydroxide are low and the magnesium hydroxide market concentration degree is relatively low in the global.

There are companies adding new capacities and aim at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition in magnesium hydroxide market will become more intense.
The global Magnesium Hydroxide market is valued at 1120 million US$ in 2018 is expected to reach 1260 million US$ by the end of 2025, growing at a CAGR of 1.5% during 2019-2025.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

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The following manufacturers are covered:
Ube Materials
Martin Marietta
Kyowa Chemical
Albemarle
RHI Group
ICL
Konoshima Chemical
Russian Mining Chemical
Nedmag
Spi Pharma
Huber
Xinyang Minerals
Lianda Chemical
Qinghai Bestc

Segment by Type
Chemical Synthesis Method
Physical Method

Segment by Application
Environmental Protection Industry
Flame Retardant Industry
Pharmaceutical Industry
Other Applications

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