Magnesium Hydroxide Market - Forecast(2024 - 2030)

Report Code: CMR 50638 Report Format: PDF + Excel

Magnesium Hydroxide Market Overview

The Magnesium Hydroxide Market size is projected to reach US$1.3 billion by 2027, after growing at a CAGR of 5.6% during the forecast period 2022-2027. Natural magnesium hydroxide is found in the mineral brucite. It is typically present in antacids like the milk of magnesia. The key properties of magnesium hydroxide include superior adsorption, high activity, non-cohesive, non-precipitating, good fluidity & ease of pumping, storing, using and adjusting. As a result, magnesium hydroxide is utilized in various applications, including water treatment, food additives, flame retardants and more. The growth of the wastewater treatment plants is the primary factor driving the magnesium hydroxide market growth. However, in 2020, to restrict the surge of the Covid-19 pandemic governments worldwide imposed stringent regulations such as restrictions on construction activities, a halt in production activities and more. In 2021, the ease of regulations resulted in a resurgence of the supply chain, which benefited the magnesium hydroxide industry growth. Moreover, the booming food industry is fueling the demand for magnesium hydroxide. Thus, the surging demand for magnesium hydroxide is leading to the growth of the magnesium hydroxide market size.

Report Coverage 

The "Magnesium Hydroxide Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Magnesium Hydroxide Market. 

By Form: Powder and Liquid.
By Grade: Industrial Grade and Pharmaceutical Grade.
By Purity: Less than 90%, 90% to 94%, 95% to 99% and More than 99%. 
By Application: Water Treatment, Flue Gas Desulfurization, Pulp Bleaching, Fuel Additive, Flame-Retardant, Pharmaceutical Ingredient, Building Materials (Composite Panels, Roofing Components and Others), Food Additive and Others. 
By End-use Industry: Automotive (Passenger Vehicles (PV), Light Commercial Vehicles (LCV) and Heavy Commercial Vehicles (HCV)), Building and Construction (Residential, Commercial, Industrial and Infrastructure), Food (Dairy Products, Fish, Sugar and Others), Wastewater Treatment, Pulp and Paper, Power Generation (Wind, Solar and Thermal), Mining, Medical and Healthcare and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World [Middle East (Saudi Arabia, UAE, Israel and Rest of Middle East) and Africa (South Africa, Nigeria and Rest of Africa)].

Key Takeaways 

  • The Asia-Pacific dominated the Magnesium Hydroxide Market, owing to the growth of the wastewater treatment connections in the region. For instance, according to the Organisation for Economic Co-operation and Development (OECD), in South Korea, the sewage connection rate saw growth in 2018, was 93.55% and in 2020, it increased to 93.91%. 
  • The surging adoption of natural Magnesium Hydroxide (brucite) as a fire retardant for the ethylene-vinyl acetate copolymer is creating an opportunity for the Magnesium Hydroxide market growth. 
  • Moreover, the recent expansion strategies, including acquisitions, a new manufacturing base and other such strategies adopted by the Magnesium Hydroxide manufacturers are accelerating the market growth. 
  • However, the availability of Magnesium Hydroxide substitutes in the market may restrict the market growth during the forecast period of 2022-2027.

Figure: Magnesium Hydroxide Market Revenue Share, By Geography, 2021 (%)

Magnesium Hydroxide Market

For More Details On this report - Request For Sample

Magnesium Hydroxide Market Segment Analysis – by Grade 

The industrial grade segment held the significant Magnesium Hydroxide Market share in 2021 and is expected to grow at a CAGR of 5.7% during the forecast period 2022-2027. The industrial grade of magnesium hydroxide has several crucial properties such as a molecular weight of 58.3197 g/mol, a melting point of 350 degrees and more. These properties ensure the superior performance of magnesium hydroxide even at high temperatures and extreme work conditions. In the industrial sector, magnesium hydroxide powder is used to neutralize acidic wastewater. Furthermore, the majority of magnesium hydroxide used in industry is synthesized. Industrial grade solid magnesium hydroxide possesses the same smoke-suppressing and flame retardant qualities as aluminum hydroxide. Thus, because of the above-mentioned properties of industrial-grade magnesium hydroxide, its use is growing across various end-use industries such as wastewater treatment, food and more. This factor is accelerating the segmental growth of the market. 

Magnesium Hydroxide Market Segment Analysis – by End-use Industry 

The wastewater treatment segment held the largest Magnesium Hydroxide Market share in 2021 and is projected to grow at a CAGR of 5.9% during the forecast period 2022-2027. Magnesium hydroxide is used in the wastewater treatment industry to prevent scaling in water pipes through controlled struvite precipitation. The addition of magnesium hydroxide improves sludge dewatering and sludge quality. Magnesium hydroxide prevents corrosion because it contains no chlorides. The development of new wastewater treatment plants, increasing connectivity of wastewater treatment plants and others are the key factors driving the growth of the wastewater treatment industry. For instance, in August 2021, the construction of a new wastewater treatment facility in the US was initiated by Pennsylvania American Water and will be completed by the end of 2022. Also, in July 2021, Lenzing Group spent about GBP 20 million (US$ 27.5 million) to upgrade the wastewater treatment facility at its UK location in Grimsby. Thus, the development of new wastewater treatment projects will fuel the demand for magnesium hydroxide. This, in turn, will accelerate the market growth in the coming years.

Magnesium Hydroxide Market Segment Analysis – by Geography 

Asia-Pacific is the dominating region as it held the largest Magnesium Hydroxide Market share in 2021 up to 43%. The economic growth of the Asia-Pacific region is booming due to the growth of the various industries in the region, including wastewater treatment, food, medical & healthcare and more. The government initiatives for wastewater treatment, industrial investments and other factors are proliferating the wastewater treatment industry growth in the Asia-Pacific region. For instance, in 2020, the Philippines government awarded the design and construction of the Aglipay Sewage Treatment Plant in Mandaluyong to SUEZ, a French-based wastewater utility company, as well as one year of operation and maintenance. Also, according to the China National Bureau of Statistics, from 2015 to 2020, China invested US$81.6 billion in its municipal wastewater system, including the construction of new water treatment facilities. The Chinese government announced plans in 2021 to build new wastewater treatment facilities to increase the country's wastewater treatment capacity by 20 million cubic meters per day between 2021 and 2025. Therefore, the bolstering wastewater treatment industry is boosting the demand for magnesium hydroxide. As a result, the magnesium hydroxide market size is growing. 

Magnesium Hydroxide Market Drivers 

Increasing Demand for Dyspepsia Medicines 

Magnesium Hydroxide is a short-term treatment for adults and children who experience sporadic constipation. Saline laxatives are a group of drugs that include magnesium hydroxide. It functions by making the feces retain water. The stool becomes softer and more easily passable as a result of increasing the frequency of bowel movements. Magnesium hydroxide is dosed at roughly 0.5-1.5 g in adults and functions as an antacids through straightforward neutralization. Magnesium hydroxide is utilized in the manufacturing of dyspepsia medicines. The surge in the cases of dyspepsia is fueling the demand for dyspepsia medicine. For instance, according to the National Library of Medicine, a U.S government website, in 2021, more than 20% of the U.S population had functional dyspepsia, one of the most prevalent functional gastrointestinal illnesses in the country. Thus, the increasing demand for dyspepsia medicines is fueling the demand for magnesium hydroxide. This, in turn, is driving the market growth. 

Growth of Food Industry 

Magnesium Hydroxide is utilized as a food additive in various food products such as dairy products, sugar and more to prevent acidity and PH level. The surge in the production of dairy and food products is accelerating the growth of the food industry. According to statistics issued by the Food and Drink Federation of the United Kingdom (FDF), the total production of food and beverage products in the United Kingdom was US$34.2 billion in 2019, a 3.6 percent rise when compared to 2018. Furthermore, according to data issued by the United States Department of Agriculture (USDA), total US dairy output grew to 19,414 (million ib) in 2020, up 3.02 percent from the previous year. Moreover, according to Invest India, India is the world's second-largest fish producer, accounting for 7.56 percent of global output. Since 2014-15, the fisheries sector has shown superior double-digit yearly growth of 10.87 percent, with a record fish output of 145 lakh tons in FY 2020-21. Hence, the growth of the food industry is fueling the demand for magnesium hydroxide. As a result, the magnesium hydroxide is growing. 

Magnesium Hydroxide Market Challenge

Substitutes of Magnesium Hydroxide 

The use of Magnesium Hydroxide in various industries has been considered safe by international organizations such as Food and Drug Administration (FDA), European Union (EU) and more. However, the substitutes of magnesium hydroxide such as magnesium oxide, lime and more have similar and superior properties. For instance, magnesium oxide is highly soluble in water while on the other hand magnesium hydroxide is poorly soluble in water. The magnesium oxide has effective density, superior melting point and more. These properties make magnesium oxide ideal for use in various end-use industries such as water treatment, food and more. Therefore, the availability of substitutes is restricting the magnesium hydroxide industry growth.

Magnesium Hydroxide Industry Outlook 

Technology launches, acquisitions and increased R&D activities are key strategies adopted by players in the Magnesium Hydroxide Market. The top 10 companies in the magnesium hydroxide market are: 

  1. Kyowa Chemical Industry Co. Ltd. 
  2. Konoshima Chemical 
  3. Akzo Nobel N.V. 
  4. Albemarle Corporation 
  5. Almatis GmbH 
  6. BASF SE 
  7. Chemtura Corporation 
  8. China Minmetals Non-ferrous Metals Co. Ltd. 
  9. Cyber Industries Inc. 
  10. Israel Chemicals Ltd. 

Recent Developments 

  • In January 2022, Huber Engineered Materials (HEM) purchased RHI Magnesita's (RHIM) 50% stake in MAGNIFIN Magnesiaprodukte GmbH & Co., magnesium hydroxides. Huber Engineered Materials (HEM) acquired this company to expand its presence in the magnesium hydroxide market. 
  • In July 2021, CJSC NikoMag, a Nikokhim group company, announced to increase the capacity of its magnesium hydroxide plant from 25,000 to 40,000 tons per year. The expansion project is expected to be completed in early 2023. 
  • In March 2019, Nedmag and Timab Magnesium, two magnesium producers, formed a strategic alliance for the research and commercialization of magnesium oxide in marine gas scrubber systems. 

Relevant Reports 

Industrial Waste Water Treatment Chemicals (IWTC) Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis 

Report Code: CMR 1045 

Water Treatment Chemicals Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis 

Report Code: CMR 1157 

Water Treatment Additives Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis 

Report Code: CMR 0050

For more Chemicals and Materials Market reports, please click here

1. Magnesium Hydroxide Market - Overview
    1.1 Definitions and Scope
2. Magnesium Hydroxide Market - Executive Summary
    2.1 Key Trends by Form
    2.2 Key Trends by Grade
    2.3 Key Trends by Purity
    2.4 Key Trends by Application
    2.5 Key Trends by End-use Industry
    2.6 Key Trends by Geography
3. Magnesium Hydroxide Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Magnesium Hydroxide Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Magnesium Hydroxide Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Magnesium Hydroxide Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Magnesium Hydroxide Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Magnesium Hydroxide Market - by Form (Market Size – US$ Million/Billion)
    8.1 Powder
    8.2 Liquid
9. Magnesium Hydroxide Market - by Grade (Market Size – US$ Million/Billion)
    9.1 Industrial Grade
    9.2 Pharmaceutical Grade
10. Magnesium Hydroxide Market - by Purity (Market Size - US$ Million/Billion)
    10.1 Less than 90%
    10.2 90% to 94%
    10.3 95% to 99%
    10.4 More than 99%
11. Magnesium Hydroxide Market - by Application (Market Size - US$ Million/Billion)
    11.1 Water Treatment
    11.2 Flue Gas Desulfurization
    11.3 Pulp Bleaching
    11.4 Fuel Additive
    11.5 Flame Retardant
    11.6 Pharmaceutical Ingredient
    11.7 Building Materials
        11.7.1 Composite Panels
        11.7.2 Roofing Components
        11.7.3 Others
    11.8 Food Additive
    11.9 Others
12. Magnesium Hydroxide Market-by End-use Industry (Market Size - US$ Million/Billion) 
    12.1 Automotive
        12.1.1 Passenger Vehicles (PV)
        12.1.2 Light Commercial Vehicles (LCV)
        12.1.3 Heavy Commercial Vehicles (HCV)
    12.2 Building and Construction
        12.2.1 Residential
        12.2.2 Commercial
        12.2.3 Industrial
        12.2.4 Infrastructure
    12.3 Food
        12.3.1 Dairy Products
        12.3.2 Fish
        12.3.3 Sugar
        12.3.4 Others
    12.4 Wastewater Treatment
    12.5 Pulp and Paper 
    12.6 Power Generation
        12.6.1 Wind
        12.6.2 Solar
        12.6.3 Thermal
    12.7 Mining
    12.8 Medical and Healthcare
    12.9 Others
13. Magnesium Hydroxide Market-by Geography (Market Size - US$ Million/Billion)
    13.1 North America
        13.1.1 the USA
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 the UK
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 the Netherlands
        13.2.6 Spain
        13.2.7 Russia
        13.2.8 Belgium
        13.2.9 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Japan
        13.3.3 India
        13.3.4 South Korea
        13.3.5 Australia and New Zealand
        13.3.6 Indonesia
        13.3.7 Taiwan
        13.3.8 Malaysia
        13.3.9 Rest of APAC
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Colombia
        13.4.4 Chile
        13.4.5 Rest of South America
    13.5 Rest of the World
        13.5.1 the Middle East
            13.5.1.1 Saudi Arabia
            13.5.1.2 UAE
            13.5.1.3 Israel
            13.5.1.4 Rest of the Middle East
        13.5.2 Africa
            13.5.2.1 South Africa
            13.5.2.2 Nigeria
            13.5.2.3 Rest of Africa
14. Magnesium Hydroxide Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. Magnesium Hydroxide Market – Industry / Segment Competition landscape Premium Premium
    15.1 Company Benchmarking Matrix – Major Companies
    15.2 Market Share at Global Level - Major companies
    15.3 Market Share by Key Region - Major companies
    15.4 Market Share by Key Country - Major companies
    15.5 Market Share by Key End-use Industry Industry - Major companies
    15.6 Market Share by Key Product Type/Product category - Major companies
16. Magnesium Hydroxide Market – Key Company List by Country Premium Premium
17. Magnesium Hydroxide Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10
* "Financials would be provided to private companies on best-efforts basis."
Connect with our experts to get customized reports that best suit your requirements. Our reports include global-level data, niche markets and competitive landscape.

LIST OF TABLES

LIST OF FIGURES

1.US Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
2.Canada Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
3.Mexico Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
4.Brazil Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
5.Argentina Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
6.Peru Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
7.Colombia Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
8.Chile Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
9.Rest of South America Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
10.UK Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
11.Germany Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
12.France Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
13.Italy Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
14.Spain Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
15.Rest of Europe Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
16.China Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
17.India Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
18.Japan Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
19.South Korea Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
20.South Africa Magnesium Hydroxide Market Revenue, 2019-2024 ($M)
21.North America Magnesium Hydroxide By Application
22.South America Magnesium Hydroxide By Application
23.Europe Magnesium Hydroxide By Application
24.APAC Magnesium Hydroxide By Application
25.MENA Magnesium Hydroxide By Application