Global Magnesium Hydroxide Market Growth 2019-2024

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.
According to QYR’s 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 uses—flue 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.


According to this study, over the next five years the Magnesium Hydroxide market will register a 1.4% CAGR in terms of revenue, the global market size will reach US$ 1220 million by 2024, from US$ 1120 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Magnesium Hydroxide business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Magnesium Hydroxide market by product type, application, key manufacturers and key regions and countries.

This study considers the Magnesium Hydroxide value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Chemical Synthesis Method
Physical Method
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Environmental Protection Industry
Flame Retardant Industry
Pharmaceutical Industry
Other Applications

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Ube Materials
Martin Marietta
Kyowa Chemical
Albemarle
RHI Group
ICL
Konoshima Chemical
Russian Mining Chemical
Nedmag
Spi Pharma
Huber
Xinyang Minerals
Lianda Chemical
Qinghai Best
Deer
Dandong Yungsing
Weifang Yuandong
Yantai FR Flame Technology
Qinghai West Magnesium
ShanDong LuHua chemical
Hellon
Lianyungang Nippo Group
Wanfeng

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Magnesium Hydroxide consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Magnesium Hydroxide market by identifying its various subsegments.
Focuses on the key global Magnesium Hydroxide manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Magnesium Hydroxide with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Magnesium Hydroxide submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.