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Magnesium hydroxide market analysis | Coherent Market Insights

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Title: Magnesium hydroxide market analysis | Coherent Market Insights


1
Coherent Marketing Insights
  • Market Research Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • Covid-19 Impact Tracker

2
  • MAGNESIUM HYDROXIDE MARKET ANALYSIS
  • Magnesium Hydroxide Market, By Application
    (Environmental (Flue-gas Desulphurization,
    Wastewater Treatment), Pharmaceuticals, Chemicals
    Others, Flame Retardants), and By Region (North
    America, Latin America, Europe, Asia Pacific,
    Middle East Africa) - Size, Share, Outlook, and
    Opportunity Analysis, 2019 - 2027
  • Magnesium hydroxide is an inorganic alkaline
    compound manufactured by hydration of magnesia
    and is also found in nature in the forming
    mineral (brucite). It is used across
    environmental applications, such as flue gas
    desulphurization, wastewater treatment, and flame
    retardant smoke suppressants. In the
    pharmaceutical industry, it is used as laxatives
    or antacids. Moreover, it is also used as a pulp
    bleaching, fuel additives, abrasives, leather,
    etc. Furthermore, other applications include the
    production of ceramics, salts, lubricating oil,
    and food additives.

3
  • Drivers
  • Growing usage of magnesium hydroxide in flame
    retardant in order to replace the halogenated
    flame retardants due to rising health concerns
    are predominantly fueling the market growth of
    magnesium hydroxide. According to the Coherent
    Market Insights, brominated flame retardant
    additives are banned in most of the markets such
    as Europe, Asia, and North America due to
    neurodevelopmental toxicity, thyroid effects, and
    other side-effects on human health and magnesium
    hydroxide are projected to see a rise in demand
    as an alternative additive in these regions.
  • Growing usage of magnesium hydroxide in flue gas
    desulphurization for extracting high-quality
    petroleum products is estimated to augment the
    market growth of magnesium hydroxide. Deployment
    of the SO3 removal system is necessary across
    power plants and other industries in order to
    remove sulfur content in fuel which can cause
    corrosion of machinery and impact the performance
    of machines. Therefore, rising demand need for
    the removal of sulfur content from the fuel is
    expected to propel the market growth of magnesium
    hydroxide.

4
  • Figure 1. Global Magnesium Hydroxide Market,
    Revenue Share (), By Region, 2018

5
  • Market Restraints
  • The availability of substitutes such as caustic
    soda as it is an ideal neutralizing agent is
    expected to hinder the market growth of magnesium
    hydroxide. Most of the neutralizing systems
    installed in the industry are intended to use
    caustic soda as it has a higher reaction rate.
    However, using magnesium hydroxide system has to
    be reconfigured and this can be expensive. The
    aforementioned factors are expected to restrict
    the market growth of magnesium hydroxide.
  • Excessive consumption of magnesium may cause
    diarrhea and other side effects such as vomiting
    and cramping. This factor is expected to restrict
    the consumption of magnesium hydroxide, in turn
    hindering the market growth of magnesium
    hydroxide. Moreover, a high level of magnesium
    hydroxide in the blood may weaken muscles, leads
    to irregular heart rate and difficulty in
    breathing mood swings. Such side-effects
    associated with the magnesium hydroxide is
    expected to impact the market growth negatively.

6
Market Opportunities
  • The growing application of magnesia in the steel
    industry as a refractory brick which is
    impregnated with carbon to offer excellent
    properties of corrosion resistance to the
    environment are propelling the market growth of
    magnesium hydroxide. Moreover, sprayable and
    castables based on magnesia are broadly used as a
    basic refractory lining for steel transfer
    applications. Therefore rising demand for
    magnesium hydroxide from the steel industry as a
    refractory brick is expected to foster the market
    growth over the forecast timeframe.
  • Rising usage of magnesia powder as filling for
    electrical heating materials is propelling the
    market growth of magnesium hydroxide. Fused
    magnesia has an excellent combination of thermal
    conductivity and electrical resistance. As it
    forms a layer between the element and the outer
    sheath. Moreover, magnesia is also used as
    mineral insulation across cables application.
    Therefore, emerging aforementioned application of
    magnesia is expected to augment the market growth
    of magnesium hydroxide.

7
Figure 2. Global Magnesium Hydroxide Market
Opportunity Analysis

8
Market Trends
  • A growing number of partnerships among key
    players in order to strengthen the distribution
    and production of magnesium hydroxide is
    projected to augment the market growth over the
    forecast timeframe. For instance, in March 2019,
    Magnesium Producers NEDMAG and TIMAB MAGNESIUM
    have announced a strategic partnership for the
    development and commercialization of Magnesium
    Hydroxide in Marine Gas Scrubber Systems.
    Therefore, rising adoption such collaborative
    strategies among players is expected to
    accelerate the market growth of magnesium
    hydroxide.
  • Growing investment in the storage and production
    of magnesium hydroxide by the manufacturer is
    projected to foster market growth over the
    forecast timeframe. For instance, in June 2015,
    Nedmag Industries in Veendam, The Netherlands,
    will be expanding its magnesium hydroxide storage
    capacity. With the expansion of the magnesium
    hydroxide storage capacity, Nedmag forecast to
    meet the increasing demand for its magnesium
    hydroxide, especially in the pulp and paper
    industry.

9
Figure 3. Global Magnesium Hydroxide Market,
Revenue Share (), By Application, in 2018

10
Competitive Section
  • Key players active in the magnesium hydroxide are
    Nedmag Industries Mining Manufacturing B.V.,
    Nabaltec AG., Huber Engineering Materials, Kyowa
    Chemical Industry Co. Ltd., Konoshima Chemicals
    Co. Ltd., Tateho Chemical Industries Co., Ltd.,
    Baymag Inc., Sakai Chemical Industries Co. Ltd.,
    Lehmann Voss CO. KG., Martin Marietta
    Materials Inc., Xinyang Mineral Group, Premier
    Periclase Ltd., Israel Chemicals Ltd., and
    Premier Magnesia LLC.
  • Few Recent Developments
  • Nedmag Industries Mining Manufacturing B.V.
  • In June 2015, Company announced a strategic
    alliance with Imerys S.A. to co-develop magnesium
    hydroxide bleaching technology and products to
    serve pulp and paper market
  • Nabaltec Ag
  • In February 2016, Company established its first
    fully own subsidiary, Nabaltec Asia Pacific K.K.
    in Tokyo, Japan to be engaged in marketing and
    sales of its entire product folio in the Asia
    market

11
  • Request Sample Report
  • Request Customization
  • Download PDF Brochure
  • Talk to Analyst
  • Referance https//www.coherentmarketinsights.com/
    market-insight/magnesium-hydroxide-market-2882

12
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions. We are headquartered
    in India, having office at global financial
    capital in the U.S. Our client base includes
    players from across all business verticals in
    over 150 countries worldwide.
  • What We ProvideCustomized Market Research
    AnalysisIndustry Analysis ServicesBusiness
    Consulting ServicesLong Term Engagement
    ModelCountry Specific Analysis

13
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt. LTD.Coherent
    Market Insights 1001 4th Ave, 3200 Seattle, WA
    98154, U.S.Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

14
Thank You
  • Kindly Follow CMI Social Media Profiles for the
    latest Company Updates.
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