Magnesium Hydroxide Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027

Overview of the Global Magnesium Hydroxide Market

Magnesium hydroxide is an inorganic chemical formed when magnesium salts and sodium, or potassium and ammonium hydroxide, precipitate together. Brucite, a naturally occurring type of magnesium, is employed for commercial reasons such as fire retardant, although the majority of magnesium hydroxide used in industry is synthesised. When exposed to seawater, brucite can form in cement and concrete. Mg(OH)2 is the chemical formula for magnesium hydroxide. Magnesium hydroxide for commercial and industrial use is made chemically from seawater or brine. Magnesium hydroxide is referred to as "milk of Magnesia" because of its milky look. In water, this chemical is less soluble. Flame retardancy, low corrosiveness, and low toxicity are some of its characteristics.

Drivers and Restraints in the Global Magnesium Hydroxide Market

The magnesium hydroxide market is being propelled by the increased use of magnesium hydroxide in industries such as pharmaceutical and healthcare due to its unique features. Magnesium hydroxide is utilised in antiperspirant deodorants, which are widely used among the younger generation. This adds to the demand for magnesium hydroxide. Magnesium hydroxide is also utilised in the desulfurization process in fossil-fuel power plants. Another driver of the magnesium hydroxide market is this. The magnesium hydroxide market is also benefiting from an increase in its use in the water treatment industry. Government limits on the use of magnesium hydroxide in the food business, on the other hand, are putting a damper on the magnesium hydroxide market. The magnesium hydroxide market is additionally hampered by side effects such as allergic reactions, skin rashes, itching, and lack of appetite.

Key Segments in the Global Magnesium Hydroxide Market

The magnesium hydroxide market may be divided into three categories based on the grade type: retardant grade, industrial grade, and pharmaceutical grade.

The magnesium hydroxide market is segmented by end-use industry into rubber, building materials, magnesium salt, and activated magnesium oxide.

The magnesium hydroxide market may be divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Because of the increased use of magnesium hydroxide in the chemical, oil, food, and water industries, North America dominates the market in terms of revenue.