A11879 | Pages: NA | Jul 2022 | 1037 Views | ||
Author(s) : Eswara Prasad | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Magnesium Hydroxide Market
Request Now !Magnesium hydroxide is an inorganic alkaline compound which formed naturally in form of mineral (brucite). It is also formed by the precipitation process between the magnesium salt and hydroxide of any substance (sodium, potassium, and ammonium). It is also called as milk of magnesia owing to its milk like appearance. It is less soluble in water and possess properties includes flame retardancy, low corrosiveness and low toxicity. It has application in flame retardant and smoke suppressants, wastewater treatment, and flue gas desulphurization. Additionally, it is used as a fuel additive, pulp bleaching, leather, abrasives, and others. Moreover, it is also used in the manufacturing of ceramics, salts, food additives and lubricating oils. In pharmaceutical industry, magnesium hydroxide is used for neutralize stomach acids and as laxative.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years |  2020–2030 |
 Base Year Considered |  2020 |
 Forecast Period |  2021–2030 |
 Forecast Unit |  Value (USD) |
 Segments Covered |  Product form, Purity, Application, End User and Region |
 Regions Covered |  North America, Europe, Asia-Pacific, LAMEA |
 Companies Covered | Huber Engineered Materials, Israel Chemical Company, Nedmag B.V., Konoshima Chemical Co. Ltd., Ube Materials Industry, Martin Marietta Materials, Kyowa Chemical Industry Ltd., Xinyang Minerals Group, and Niknam Chemicals Private Limited, Konoshima Chemical Ltd. |
COVID-19 Impact analysis
Top Impacting Factors
Magnesium hydroxide used in the flue gas desulphurization process for the extraction of high-quality petroleum production is increasing owing to the growth of the market. The usage of magnesium hydroxide in the water treatment industry is also boosting the market. Growing usage of magnesium hydroxide in the steel industry as refractory brick which is fertilized with carbon to offer the corrosion resistance property owing as an opportunity for market growth. Government intervention regarding the usage of magnesium hydroxide is one of the restraining factors for the market. Various side effects such as itching, loss of appetite, allergic reactions, and skin rashes are restricting the growth of the magnesium hydroxide market. These factors are expected to hinder the growth of the global magnesium hydroxide market.
Market Trends
Key Segments Covered
Product Form
Purity Level
Application
End Use
Region
Key Benefits of the Report
Questions answered in the magnesium hydroxide Report
Key Market Segments
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By Purity Level |
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Key Market Players
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