Market Overview:
The global magnesium hydroxide paste market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for magnesium hydroxide paste from various end-use industries, such as environmental protection, flame retardant, pharmaceutical and other applications. In terms of volume, the global magnesium hydroxide paste market is projected to reach 1,811 kilo tons by 2030. Based on type, the global magnesium hydroxide paste market can be segmented into chemical synthesis method and physical method. The chemical synthesis method segment is expected to dominate the global magnesium hydroxide paste market in terms of revenue and volume during the forecast period from 2018 to 2030. This can be attributed to its high purity and better performance as compared with other methods. Based on application, the environmental protection industry segment is projected to lead the global Magnesium Hydroxide Paste Market in terms of revenue during 2018-2023 owing stringent government regulations for environment protection across different geographies followed by flame retardant industry which are anticipated witness highest growth rate over next five years . Pharmaceutical industry accounted for second largest share in 2017 due icting growing demand for Magnesium Hydroxide Paste products from this sector across globe .
Product Definition:
A paste made of magnesium hydroxide and water. It is used as a laxative and to relieve heartburn.
Chemical Synthesis Method:
Chemical synthesis method is used to produce magnesium hydroxide paste. It involves a series of reactions between chemicals and water to form a mineral calledmagnesium hydroxide. The chemical synthesis method is the most conventional process used for producing magnesium hydroxidepaste.
The global chemical synthesis method market was valued at USD 1,47,500 in 2016 and it is expected to grow at an estimated CAGR of XX% from 2017 - 2022.
Physical Method:
Physical method is a process to obtain magnesium hydroxide from its raw materials such as water, lime, and other compounds. It is the most basic form of chemical extraction used in industries for obtaining various chemicals. In this process magnesium metal is dissolved in water and when the solution becomes colorless then it reacts with hydrochloric acid which gives off hydrogen gas which combines with calcium chloride to give solid magnesium hydroxide.
Application Insights:
The environmental protection industry was the dominant application segment in 2017, accounting for over 45% of the overall revenue share. Magnesium hydroxide pastes are used as fire-fighting and extinguishing agents in various industries including oil & gas, chemical, power generation and petrochemicals among others. The growing demand for magnesium hydroxide based fire-extinguishing agents from various sectors is expected to remain a key driving factor over the forecast period.
Magnesium hydroxide also finds applications as an additive in paints & coatings to provide protective film on steel surfaces which prevents rusting when exposed to moisture or oxygen. It is extensively used worldwide owing to its ability to prevent corrosion without affecting the paint¢â‚¬â„¢s finish quality or durability under high temperature conditions (above 300°C).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of production owing to presence of large number of magnesium hydroxide manufacturers in countries such as India, China, and Japan. In addition, growing demand from various end-use industries such as automotive & aerospace is anticipated to drive the regional product demand over the forecast period.
The growth in Europe can be attributed to increasing use of magnesium hydroxide pastes for flame retardancy applications along with stringent government regulations on synthetic Flame Retardants (FR) used in consumer products such as polymers and plastics.
In terms of revenue, Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and others
- Growing awareness about the benefits of magnesium hydroxide paste among consumers
- Rising investments by key players in research and development to develop new applications for magnesium hydroxide paste
- Expansion of distribution channels by key players to reach a wider customer base
- Growing demand for environmentally friendly products
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnesium Hydroxide Paste Market Research Report
By Type
Chemical Synthesis Method, Physical Method
By Application
Environmental Protection Industry, Flame Retardant Industry, Pharmaceutical Industry, Other Application
By Companies
Ube Materials, Martin Marietta, Kyowa Chemical, Albemarle, RHI Group, ICL, Konoshima Chemical, Russian Mining Chemical, Nedmag, Spi Pharma, Huber, Xinyang Minerals, Lianda Chemical, Qinghai Best, Deer, Dandong Yungsing, Weifang Yuandong, Yantai FR Flame Technology, Qinghai West Magnesium, ShanDong LuHua chemical, Hellon, Lianyungang Nippo Group, Wanfeng
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Magnesium Hydroxide Paste Market Report Segments:
The global Magnesium Hydroxide Paste market is segmented on the basis of:
Types
Chemical Synthesis Method, Physical Method
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Environmental Protection Industry, Flame Retardant Industry, Pharmaceutical Industry, Other Application
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ube Materials
- Martin Marietta
- Kyowa Chemical
- Albemarle
- RHI Group
- ICL
- Konoshima Chemical
- Russian Mining Chemical
- Nedmag
- Spi Pharma
- Huber
- Xinyang Minerals
- Lianda Chemical
- Qinghai Best
- Deer
- Dandong Yungsing
- Weifang Yuandong
- Yantai FR Flame Technology
- Qinghai West Magnesium
- ShanDong LuHua chemical
- Hellon
- Lianyungang Nippo Group
- Wanfeng
Highlights of The Magnesium Hydroxide Paste Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chemical Synthesis Method
- Physical Method
- By Application:
- Environmental Protection Industry
- Flame Retardant Industry
- Pharmaceutical Industry
- Other Application
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Magnesium Hydroxide Paste Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Magnesium hydroxide paste is a type of magnesium-based paste that is used as a cleaner and degreaser. It can be used to clean surfaces such as floors, countertops, and furniture.
Some of the major players in the magnesium hydroxide paste market are Ube Materials, Martin Marietta, Kyowa Chemical, Albemarle, RHI Group, ICL, Konoshima Chemical, Russian Mining Chemical, Nedmag, Spi Pharma, Huber, Xinyang Minerals, Lianda Chemical, Qinghai Best, Deer, Dandong Yungsing, Weifang Yuandong, Yantai FR Flame Technology, Qinghai West Magnesium, ShanDong LuHua chemical, Hellon, Lianyungang Nippo Group, Wanfeng.
The magnesium hydroxide paste market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Magnesium Hydroxide Paste Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Magnesium Hydroxide Paste Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Magnesium Hydroxide Paste Market - Supply Chain
4.5. Global Magnesium Hydroxide Paste Market Forecast
4.5.1. Magnesium Hydroxide Paste Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Magnesium Hydroxide Paste Market Size (000 Units) and Y-o-Y Growth
4.5.3. Magnesium Hydroxide Paste Market Absolute $ Opportunity
5. Global Magnesium Hydroxide Paste Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Magnesium Hydroxide Paste Market Size and Volume Forecast by Type
5.3.1. Chemical Synthesis Method
5.3.2. Physical Method
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Magnesium Hydroxide Paste Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Magnesium Hydroxide Paste Market Size and Volume Forecast by Application
6.3.1. Environmental Protection Industry
6.3.2. Flame Retardant Industry
6.3.3. Pharmaceutical Industry
6.3.4. Other Application
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Magnesium Hydroxide Paste Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Magnesium Hydroxide Paste Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Magnesium Hydroxide Paste Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Magnesium Hydroxide Paste Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Magnesium Hydroxide Paste Demand Share Forecast, 2019-2026
9. North America Magnesium Hydroxide Paste Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Magnesium Hydroxide Paste Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Magnesium Hydroxide Paste Market Size and Volume Forecast by Application
9.4.1. Environmental Protection Industry
9.4.2. Flame Retardant Industry
9.4.3. Pharmaceutical Industry
9.4.4. Other Application
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Magnesium Hydroxide Paste Market Size and Volume Forecast by Type
9.7.1. Chemical Synthesis Method
9.7.2. Physical Method
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Magnesium Hydroxide Paste Demand Share Forecast, 2019-2026
10. Latin America Magnesium Hydroxide Paste Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Magnesium Hydroxide Paste Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Magnesium Hydroxide Paste Market Size and Volume Forecast by Application
10.4.1. Environmental Protection Industry
10.4.2. Flame Retardant Industry
10.4.3. Pharmaceutical Industry
10.4.4. Other Application
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Magnesium Hydroxide Paste Market Size and Volume Forecast by Type
10.7.1. Chemical Synthesis Method
10.7.2. Physical Method
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Magnesium Hydroxide Paste Demand Share Forecast, 2019-2026
11. Europe Magnesium Hydroxide Paste Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Magnesium Hydroxide Paste Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Magnesium Hydroxide Paste Market Size and Volume Forecast by Application
11.4.1. Environmental Protection Industry
11.4.2. Flame Retardant Industry
11.4.3. Pharmaceutical Industry
11.4.4. Other Application
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Magnesium Hydroxide Paste Market Size and Volume Forecast by Type
11.7.1. Chemical Synthesis Method
11.7.2. Physical Method
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Magnesium Hydroxide Paste Demand Share, 2019-2026
12. Asia Pacific Magnesium Hydroxide Paste Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Magnesium Hydroxide Paste Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Magnesium Hydroxide Paste Market Size and Volume Forecast by Application
12.4.1. Environmental Protection Industry
12.4.2. Flame Retardant Industry
12.4.3. Pharmaceutical Industry
12.4.4. Other Application
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Magnesium Hydroxide Paste Market Size and Volume Forecast by Type
12.7.1. Chemical Synthesis Method
12.7.2. Physical Method
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Magnesium Hydroxide Paste Demand Share, 2019-2026
13. Middle East & Africa Magnesium Hydroxide Paste Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Magnesium Hydroxide Paste Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Magnesium Hydroxide Paste Market Size and Volume Forecast by Application
13.4.1. Environmental Protection Industry
13.4.2. Flame Retardant Industry
13.4.3. Pharmaceutical Industry
13.4.4. Other Application
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Magnesium Hydroxide Paste Market Size and Volume Forecast by Type
13.7.1. Chemical Synthesis Method
13.7.2. Physical Method
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Magnesium Hydroxide Paste Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Magnesium Hydroxide Paste Market: Market Share Analysis
14.2. Magnesium Hydroxide Paste Distributors and Customers
14.3. Magnesium Hydroxide Paste Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ube Materials
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Martin Marietta
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kyowa Chemical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Albemarle
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. RHI Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ICL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Konoshima Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Russian Mining Chemical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nedmag
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Spi Pharma
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Huber
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Xinyang Minerals
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Lianda Chemical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Qinghai Best
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Deer
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Dandong Yungsing
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Weifang Yuandong
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Yantai FR Flame Technology
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Qinghai West Magnesium
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. ShanDong LuHua chemical
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
