Rapid Growth in Emerging Economies Offers Lucrative Growth Opportunities for Magnesium Hydroxide Market- Stated the recently published report description by Markntel Advisors, a renowned consulting, data analytics, and market research firm. The report provides valuable insights and major factors augmenting the growth of the Magnesium Hydroxide Market. Emerging economies such as India, China, etc., have large populations with a growing middle class and rising disposable income resulting in increasing usage of magnesium hydroxide. Apart from this, the rise in industrialization in emerging economies will need proper pollution control measures like flue-gas desulfurization. Also, the growing need for wastewater treatment can fuel the growth of magnesium hydroxide in the market.
Well-Elaborative Magnesium Hydroxide Market Definition
Magnesium hydroxide or Mg(OH)2 is a white-looking, non-poisonous, inorganic compound with low solubility in water and can be determined in nature within the form of brucite mineral. It is slightly basic and has substantial thermal stability. Due to its properties, it is extensively used across various industries in the form of powder, and slurry for applications like flue-gas desulfurization, wastewater treatment, laxatives, antacids, flame retardants, food and fuel additives, etc.
Health-Related Benefits of Magnesium Hydroxide
- May help treat headaches
- May reduce stress and anxiety
- Helps treat constipation
- May lower blood pressure
- May lower blood sugar levels
Everything You Need to Know About Magnesium Hydroxide Market Growth
The report comprises “Global Magnesium Hydroxide Market Research Report: By Application (Environmental Protection, [Flue-Gas Desulphurization, Wastewater Treatment], Medicinal Compounds, Flame Retardants, Fuel Additives, Food Additives, Others (Cosmetics, Pulp Bleaching, etc.)), By Form (Slurry, Powder, Others), By Grade (Industrial, Food, Pharmaceuticals), and Others Forecast (2024-2030)”, According to the report, the Global Magnesium Hydroxide Market size was valued at around USD 1.1 billion in 2023 & is estimated to grow at a CAGR of around 3.9% during the forecast period, i.e., 2024-30. The market growth is further driven by growing demand for magnesium hydroxide across industrial applications.
Something New About Growing Industry
The rising awareness such as climate change, global warming, and water scarcity propels international organizations, governments, and companies to adopt environmentally friendly approaches for sustainable growth. Magnesium Hydroxide is also used for desulfurization process and de-acidification of wastewater in treatment plants and other industrial processes resulted in exponential growth of global industry.
Conclusion
The blog comprises Global market players in the Magnesium Hydroxide industry, with market product information. This blog entails details regarding the prominent factors behind the surging demand for futuristic growth and new opportunities that facilitate market development. Market players such as Xinyang Minerals Group, Premier Magnesia, LLC, NikoMag, Nedmag B.V., Tateho Chemical Industries Co., Ltd., Konoshima Chemical Co. Ltd., Osian Marine Chemicals Pvt. Ltd., Elementis, Timab Magnesium, Israel Chemicals Ltd., Huber Advanced Materials, Nabaltec AG, Lehmann&Voss&Co., Martin Marietta Magnesia Specialties, LLC, Kisuma Chemicals B.V., and Others leading companies, facilitate revolutionizing the global market and promoting a secure future for the Magnesium Hydroxides market.
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