Global Mg(OH)2 Market Expected To Reach USD 720.9 Million By 2020

Global Mg(OH)2 Market Expected To Reach USD 720.9 Million By 2020

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    Magnesium hydroxide is the inorganic compound with the chemical formula Mg(OH)2. Mg(OH)2 is a white, odourless, inorganic alkaline compound, which has strong neutralizing properties compared to conventional neutralizing agents such as caustic soda. Mg(OH)2 is abundantly found in nature in the form of brucite minerals or produced from brine sea water by the precipitation method.

    It finds variety of application across diverse set of industries. Some of the main applications include environmental applications such as flue gas desulphurisation and wastewater treatment. Another protruding application of Mg(OH)2 is in pharmaceuticals. Its suspension, also known as milk of magnesia is used as an antacid or laxative to recover gastrointestinal illnesses. It also used as flame retardant or smoke suppressant in plastics such as polyamide, polyvinyl chloride, and polypropylene, etc. Its endothermic degradation at relatively higher temperature and thermal stability marks it a potential choice as an additive over other flame retardant additives present in the market. Other Mg(OH)2 applications include cellulose protector in pulp and paper industry, as a source of magnesium for different applications, manufacturing of magnesium salts, ceramic, food additives, and lubricants.

    According to authoritative statistics, the global Mg(OH)2 market was estimated to reach about USD 552.0 million in 2015, and is expected to register a CAGR of 5.51% during the forecast period from 2016 to 2020 to reach USD 720.9 million by 2020.

    In terms of applications, environmental application is projected to occupy the largest market share about 38.29% by 2020. The pharmaceuticals will grow at the fastest speed, this is due to more gastrointestinal diseases and the improvement of people’s health consciousness and more.

    On the basis of geographies, Asia Pacific region occupied the largest market share for Mg(OH)2 of nearly 50% in 2015, followed by North America and Europe. Latin America and Middle East and Africa is expected to register a highest growth rate over the forecast period.

    Key players in the global Mg(OH)2 market include Nedmag Industries Mining & Manufacturing B.V., Huber Engineering Materials, Kyowa Chemical Industry Co. Ltd., Martine Marietta Materials Inc., Konoshima Chemical Co. Ltd., Nabaltec AG, Premier Periclase Ltd., Tateho Chemical Industries Co., Ltd, Israel Chemicals Ltd., Baymag Inc., Sakai Chemical Industries Co. Ltd, Lehmann & Voss CO. & KG., Premier Magnesia LLC, Xinyang Minerals Group.
    Global Mg(OH)2 Market Share Analysis, by Regions, 2015


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    Read Full Report: http://www.gosreports.com/global-mgoh2-market-research-report-2016/

    The report firstly introduced the Mg(OH)2 basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

    Joanna | Executive – International Business and partner Relations
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