An Incisive, In-depth Analysis on the Magnesium Hydroxide Market
This study offers a comprehensive, 360 degree analysis on the Magnesium Hydroxide market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Magnesium Hydroxide market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
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.
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.
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
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.
Future Market Insights offers 10–year forecast for the global magnesium hydroxide market between 2016 and 2026. The market is expected to register a CAGR of 4.6% in terms of volume, over the forecast period. This report provides market dynamics and trends on all seven regions, namely, Asia Pacific Excluding Japan (APEJ), North America, Western Europe, Eastern Europe, Latin America, Middle East & Africa (MEA) and Japan, which influence the current nature and future status of the magnesium hydroxide market over the forecast period.
This Future Market Insights report examines the ‘global magnesium hydroxide market’ for the period 2016–2026 in terms of value and volume. The primary objective of the report is to offer updates on developments in the global magnesium hydroxide market and conduct quantitative as well as qualitative assessment of the market across various applications and regional market segments.
On the basis of application, the global magnesium hydroxide market is segmented as follows:
- Flue-gas Desulphurisation
- Wastewater Treatment
- Flame Retardants
- Chemicals & Others
Regionally, magnesium hydroxide market is segmented as follows:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Middle East & Africa (MEA)
To understand and assess market opportunities and trends, the report is categorically split into sections such as market overview, global industry analysis, analysis by application and by region. Each section discusses the qualitative and quantitative aspects of the global magnesium hydroxide market. To give a brief idea about revenue opportunities from various application and region/country, the report also provide absolute $ opportunity and total incremental opportunity for each segment over the forecast period.
The report starts with market overview and provides market definition and analysis about drivers, restraints and key trends in magnesium hydroxide market. The sections that follow include global market analysis, by application and further by regional/country level analysis. All the above sections evaluate the market on the basis of various factors affecting the market, covering present scenario and future prospects. For market data analysis, the report considers 2015 as the base year, with market numbers estimated for 2016 and the forecast made for 2017 - 2026.
To calculate market size, the report considers average price of magnesium hydroxide across geographies on a regional basis. The forecast assesses total revenue as well as volume of global magnesium hydroxide market. The data is triangulated on the basis of different analysis considering supply side, demand side and dynamics of regional markets. However, quantifying the market across regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.
The final section of the global magnesium hydroxide market report provides profiles of the key industry players in order to evaluate their strategies and recent developments. Moreover, this section of the report also includes a dashboard view of key companies operating in global magnesium hydroxide market. Some of the market players featured in the section include – 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. and Premier Magnesia LLC.
Key Regions/ Country Covered
- Rest of Latin America
- Rest of Western Europe
- Rest of Eastern Europe
Asia Pacific Excluding Japan
- South Korea
- Rest of APEJ
Middle East & Africa
- South Africa
- Rest of MEA
Magnesium Hydroxide Market Reports - Table of Contents
1. Executive Summary
2. Assumptions and Acronyms
3. Research Methodology