Global Magnesium Hydroxide Market Overview:
Magnesium is one of a naturally sourced mineral and is very vital for the functioning of many systems especially in the body like for the muscles and nerves. Magnesium hydroxide is an inorganic compound and is attained by precipitation between magnesium salts and sodium, ammonium hydroxide or potassium. Magnesium hydroxide is chemically manufactured for the commercial and industrial by the means of sea water or brine. As a suspension in water, magnesium hydroxide is also known as milk of magnesia due to its milk-like appearance. Magnesium hydroxide powder also is used for industrial purposes as a non-dangerous alkali so as to neutralize acidic wastewater. Some of the key players profiled in the study are Nedmag B.V. (Netherlands), Lehmann&Voss&Co. KG (Denmark), Superior Supplement Manufacturing (United States), Kisuma Chemicals (Netherlands), Huber Engineered Materials (United States), Konoshima Chemical Company Limited (Japan), Tateho Chemical Industries Co. Ltd. (Japan), Magnesium Products, Inc. (United States), Spectrum Chemical Mfg. Corp. (United States) and MAGNIFIN Magnesiaprodukte GmbH & Co KG (Austria).
On the basis of geography, the market of Magnesium Hydroxide has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Magnesium Hydroxide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Magnesium Hydroxide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Environmental Protection Industry will boost the Magnesium Hydroxide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Synthesizing Method, the sub-segment i.e. Chemical Method will boost the Magnesium Hydroxide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing use in fossil-fuel based power plants during the process of desulfurization
- A Rise In Adoption Of Magnesium Hydroxide In The Building & Construction Industry
Market Trend
- Growing Trend Of Using Magnesium Hydroxide In Antiperspirant Deodorants, Which Is Used On A Large Scale By The Young Generation Population
Restraints
- Government Regulations On The Usage Of Magnesium Hydroxide In The Food Industry
Opportunities
- The Increase In Adoption Of Magnesium Hydroxide In Chemical, Oil, Food, And Water Industries will Provide Opportunity For the Magnesium Hydroxide Market to Grow
Challenges
- Side Effects Such As Allergic Reactions, Skin Rashes, Itching, And Loss Of Appetite
The companies are now exploring the market by adopting merger & acquisition, expansion, investments, a new development in existing products and collaboration as their preferred strategies. The players are also exploring new geographies and industries through expansion and acquisition so as to avail a competitive advantage through combined strategies.
Target Audience:
Personal Flotation Devices Manufacturing Companies, Personal Flotation Devices Distributors and Suppliers, Raw Material Suppliers, Potential Investors, Marker Research Firms and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Magnesium Hydroxide market on the basis of product [Retardant Grade, Industrial Grade and Pharmaceutical Grade] , application [Schools, Institutes, Laboratories and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Magnesium Hydroxide market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Magnesium Hydroxide industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Hydrite Chemical Co. (United States), MARTIN MARIETTA MAGNESIA SPECIALTIES, LLC (United States), Israel Chemicals (Israel) and Anish Chemicals (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Magnesium Hydroxide market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.