Global Magnesium Hydroxide Flame Retardants Market to Clock 4.5% CAGR from 2022-28

Magnesium hydroxide is the inorganic compound. It occurs in nature as the mineral brucite. It is a white solid with low solubility in water. Magnesium hydroxide is a common component of antacids, such as milk of magnesia, as well as laxatives. Natural magnesium hydroxide is used commercially as a fire retardant. Most industrially used magnesium hydroxide is produced synthetically. Like aluminum hydroxide, solid magnesium hydroxide has smoke suppressing and flame retardant properties. It is a key player in the family of inorganic flame retardant.

Global Magnesium Hydroxide Flame Retardants key players include Martin Marietta, Kyowa Chemical Industry, Huber Engineered Materials (HEM), ICL, Russian Mining Chemical Company, etc. Global top five manufacturers hold a share about 78%. Europe is the largest market, with a share about 40%, followed by North America and Japan, both have a share about 38 percent. In terms of product, Chemical Synthesis is the largest segment, with a share over 84%. And in terms of application, the largest application is PVC, followed by PE, etc.

The global Magnesium Hydroxide Flame Retardants market was valued at US$ 330 million in 2020 and it is expected to reach US$ 485.6 million by the end of 2027, growing at a CAGR of 4.5% during 2021-2027.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Chemical Synthesis
  • Physical Smash

Segment by Application

  • PVC
  • PE
  • Engineering Thermoplastics
  • Rubber
  • Other

By Company

  • Martin Marietta
  • Kyowa Chemical Industry
  • Huber Engineered Materials (HEM)
  • ICL
  • Konoshima
  • Tateho Chemical
  • Nuova Sima
  • Russian Mining Chemical Company
  • Nikomag
  • Xinyang Minerals Group
  • XuSen
  • Jinan Taixing Fine Chemicals
  • Wanfeng
  • Fire Wall
  • Yinfeng Group

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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