Magnesium hydroxide market analysis | Coherent Market Insights

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• 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.

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• 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.

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

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• 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.

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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.

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Figure 2. Global Magnesium Hydroxide Market
Opportunity Analysis

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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.

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

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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

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