16th January 2019 – Global Magnesium Hydroxide Market is expected to rise at a higher CAGR in future. Generally, magnesium is a naturally occurring mineral mainly important for organic and inorganic functioning of the body. Magnesium Hydroxide specifically is responsible for the functioning of muscle and nerves. It is also an inorganic compound which is obtained by magnesium salts and sodium, potassium or ammonium hydroxide.
Commercially, Magnesium Hydroxide is constituent of antacids and laxatives. It needs to administered on a periodical basis rather than frequent consumption. Magnesium Hydroxide is a good remedy against stomach acid and also externally it is used as an antiperspirant deodorant. As an antacid it is needed to neutralize the stomach acid. In cases of diarrhea the body loses ample of potassium thus leading in muscle cramps. Milk of magnesia is much useful against ulcers when used topically.
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Milk of magnesia is used as chewable tablets, capsules and liquids having several flavors. It is basically used to release constipation but it also helps in heartburn and indigestion. Also, the milk of magnesia is used to relieve the symptoms of seborrhea and dandruff. Industrially, Magnesium Hydroxide is used as a non-hazardous alkali to neutralize acidic wastewaters. Overall, Magnesium Hydroxide is widely used for health industry, commercial purpose and industrial objectives. Therefore, with such dynamics and driving factors around, the global Magnesium Hydroxide market is anticipated to grow at a higher CAGR in the assessment period.
Magnesium Hydroxide industry is driven by factors such as growing use in health industry along with rising demand for Magnesium Hydroxide and also rise in end-user industries. Additionally, Magnesium Hydroxide is used as an antiperspirant deodorant and its demand is high among the youth. Moreover, the growing number of pharmaceutical industry will also augment the demand for Magnesium Hydroxide in terms of medicine and tablets against stomachache.
Magnesium Hydroxide industry is segmented into magnesium oxide plywood and magnesium fire resistant board, based on product. Based on application, the Magnesium Hydroxide industry is segmented into trim materials and construction.
Key Vendors
• Ube Materials
• Martin Marietta
• Kyowa Chemical
• Albemarle
• ICL
• Russian Mining Chemical
• Nedmag
• Spi pharma
• JSC Kaustik
• Xinyang Minerals Group
• Lianda Chemical
• Qinghai Best and many others
Segmentation based on Product Types,
• Retardants Grade
• Industrial Grade
• Pharmaceutical Grade
Segmentation based on Applications,
• Rubber
• Building Materials
• Television CRT Cone Glass Coatings
• Magnesium Salt
• Activated magnesium Oxide
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The key points of this report are:
• To analyze and study the global Magnesium Hydroxide capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
• Focuses on the key Magnesium Hydroxide manufacturers, to study the capacity, production, value, market share and development plans in future.
• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.