Magnesium Hydroxide Market is expected to grow at 5.8% over the forecast period of 2022 and 2030

Future Market Insights Global and Consulting Pvt. ltd.

The companies featured in the Magnesium Hydroxide market are Xinyang Mineral Group, Martin Marietta Materials Inc., Premier Magnesia, LLC, Kyowa Chemical Industry Co. Ltd., Nedmag Industries Mining & Manufacturing BV, Huber Engineered Materials, Israel Chemicals Ltd., Tateho Chemical Industries Co., Ltd., Ube Industries Ltd., Nabaltec AG, Konoshima Chemicals Co. Ltd., Lehmann & Voss & CO. KG

NEWARK, Del, April 26, 2022 (GLOBE NEWSWIRE) — Future Market Insights (IMF) has forecast demand for magnesium hydroxide to grow 5.6% year-over-year in 2022 to reach worth about US$992.5 million by the end of 2022. The global business is expected to grow at a growth rate of 5.8% over the forecast period of 2022 and 2030.

Steadily increasing demand for magnesium hydroxide for wastewater treatment is expected to shape the growth of the global magnesium hydroxide market over the forecast period (2022-2030). Although COVID-19 pandemic is likely to hamper the market growth during the first half of the forecast period, the global magnesium hydroxide market is expected to reach a market value of 1,560.2 million US dollars by the end of 2030. According to the latest study published by Future Market Insights (IMF), the COVID-19 pandemic is likely to have a short-term impact on the growth prospects of the global market for magnesium hydroxide.

Currently, the applications of magnesium hydroxide extend beyond wastewater treatment as it is increasingly used for a range of applications including gold mining, warehouses, antacids, thermal conduction and the wet pallet collodion process, among others.

Get a sample copy of the report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1585

Key points of the Magnesium Hydroxide market

  • Magnesium hydroxide emerges as an ideal substitute for lime and caustic soda in wastewater treatment

  • Brine/seawater precipitation would remain the most important manufacturing process due to its long-term economic benefits

  • Rising demand for technical/industrial grade magnesium hydroxide is expected to provide impetus for market growth

  • South Asia and East Asia remain at the forefront in terms of market growth; key market players likely to focus on exploiting opportunities in these regions

  • The increase in demand for environmental applications will contribute to the growth of the market. Expanding applications in the chemical sector will drive the growth of the market

Over the past few decades, magnesium hydroxide has become an ideal inorganic compound for environmental applications including flue gas desulfurization and wastewater treatment. This remains an important factor contributing to the growth of the market.

Browse Detailed Abstract of Research Report with TOC: https://www.futuremarketinsights.com/reports/magnesium-hydroxide-market

High demand for wastewater treatment is expected to increase market growth

Over the past two decades, magnesium hydroxide has been increasingly used for wastewater treatment applications in both developed and developing regions. As governments around the world continue to focus on improving wastewater treatment techniques, magnesium hydroxide has emerged as an ideal candidate. At present, due to the advantages exhibited by magnesium hydroxide slurry, its adoption is expected to exceed that of lime and caustic soda.

Moreover, in addition to being an ideal alternative for wastewater treatment, magnesium hydroxide is widely used for the acid neutralization of industrial wastewater. As the industrial applications of magnesium hydroxide expand, industrial grade magnesium hydroxide will gain strength to capture a higher revenue share in the global market.

Short-term ramifications of the COVID-19 pandemic

An IMF study indicates that the COVID-19 pandemic is expected to have a short-term impact on the overall growth prospects of the global magnesium hydroxide market. Market research predicts that demand will remain sluggish during the coronavirus outbreak as governments around the world continue to enforce trade restrictions due to which market participants are expected to address supply chain challenges posed by crisis.

Customization before buying, visit: https://www.futuremarketinsights.com/customization-available/rep-gb-1585

Magnesium Hydroxide Market: Taxonomy

The global Magnesium Hydroxide market is categorized in detail to cover all market aspects and provide comprehensive market information to the reader.

Grade

  • Food/Pharma

  • Industrial/Technical

Application

Region

  • North America

  • Latin America

  • Europe

  • South Asia

  • East Asia

  • Oceania

  • Middle East and Africa

Want more information?

Future Market Insights brings the comprehensive research report on projected revenue growth at global, regional and country level and provides analysis of latest industry trends in each of the sub-segments from 2015 to 2030. Magnesium Hydroxide is segmented in detail to cover all aspects of the market and present the reader with a comprehensive approach to market intelligence.

Ask for a full table of contents of this report with figures: https://www.futuremarketinsights.com/toc/rep-gb-1585

Interested in more information?

A new report on Mass Finishing Consumables Market published by Future Market Insights highlights accurate analysis of the market and offers comprehensive insights with historical demand data for 2015 – 2021 and forecast statistics for 2022 – 2030. The study offers insightful insights on the Global Magnesium Hydroxide Market by Category (Food & Pharmaceutical, Technical/Industrial), Application (Environmental (Flue Gas Desulfurization & Wastewater Treatment), Pharmaceuticals, Chemicals and others and flame retardants) and region – forecast 2022-2030.

Contents

1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis and recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market definition

2.3. Classification of lubricant additives

3. Key Market Trends

4. Key success factors

5. Global Magnesium Hydroxide Market Consumption (Consumption) Analysis 2015-2021, and Forecast, 2022-2030

5.1. Historical Market Volume Analysis (Tons)

5.2. Current and Future Market Volume Projections (Tons)

5.3. Analysis of annual growth trends

TOC Continued…!

Talk to our research expert:

https://www.futuremarketinsights.com/ask-question/rep-gb-1585

See related research reports:

Chlorinating Agents Market – The chlorinating agents market is expected to register a CAGR of 4.3% during the forecast period. The market value is expected to grow from US$72 million in 2021 to reach a valuation of US$96.5 million by 2032.

MEA Acetamide Market– The MEA Acetamide Market is expected to register a CAGR of 2.3% over the forecast period and is expected to reach a market share of US$69.04 billion in 2032 from 55 billion US dollars in 2022.

Copper Azole Market – The copper azole market is expected to register a CAGR of 6.0% over the forecast period and is expected to reach a market share of US$44.7 billion in 2032 from US$25 billion US dollars in 2022.

Fenchol Market– The global fenchol market size is expected to reach US$3.6 billion in 2022 and US$7.8 billion in 2032. It is expected to exhibit immense growth at a CAGR of 4.5% during the forecast period.

Trichloroisocyanuric acid market – The trichloroisocyanuric acid market is expected to register a CAGR of 4% during the forecast period, from US$288 million in 2021 to reach a valuation of US$420 million by 2032.

About Future Market Insights (IMF)

Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments based on source, application, sales channel, and end-use over the next 10 years.

Contact:

Future Market Outlook Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

Such. : +1-845-579-5705

For sales inquiries: [email protected]

Website: https://www.futuremarketinsights.com

Report: https://www.futuremarketinsights.com/reports/magnesium-hydroxide-market

LinkedIn| Twitter| Blogs

Check Also

Sewage Treatment Systems Market Size, Scope, Forecast to 2029

United States, New Jersey– The Global Wastewater Treatment System Market The 2022-2028 research report is …