Magnesium hydroxide (Mg(OH)2) is a white, odorless powder with good adsorption, dispersion and fluidity. It has a wide range of applications around the world, mainly including the following aspects:
Flame retardant: Magnesium hydroxide is a non-toxic, odorless, non-polluting and environmentally friendly flame retardant. It is widely used in plastics, rubber, coatings, paper, fibers and other materials. It can effectively inhibit the spread of fire and protect personal safety and property.
Antacids: Magnesium hydroxide is an alkaline substance that can neutralize gastric acid and relieve symptoms such as hyperacidity and gastric ulcers.
Emulsifier: Magnesium hydroxide can emulsify oil and water to disperse oil and water evenly. In dairy products, cosmetics, paints and other products, it can play the role of emulsification, dispersion and thickening.
Fillers: Magnesium hydroxide can fill voids in foods, adding volume and weight to foods. In snacks, candies, drinks and other foods, it can make the food more full and delicious.
Feed additive: Magnesium hydroxide can provide magnesium to animals and promote animal growth.
According to MarketsandMarkets, the global magnesium hydroxide market size will be US$10.4 billion in 2022 and is expected to reach US$13.3 billion by 2027, with a compound annual growth rate of 5.2%. The key drivers of the magnesium hydroxide market include:
Growing demand for flame retardants: As people become more aware of safety, the demand for flame retardants continues to grow. Magnesium hydroxide is a non-toxic, odorless, pollution-free and environmentally friendly flame retardant, so it has broad application prospects in the flame retardant market.
Growing demand for antacids: As people’s living standards improve, the incidence of digestive system diseases such as hyperacidity and gastric ulcers continues to rise. Magnesium hydroxide is an effective antacid that can relieve symptoms such as hyperacidity and gastric ulcer, so it has high potential in the antacid market.
Expansion of other application fields: With the continuous development of new technologies, the application of magnesium hydroxide in other application fields is also constantly expanding. For example, magnesium hydroxide can be used to make high-performance ceramics, composites, nanomaterials, etc.
Major magnesium hydroxide producing countries include China, the United States, India, Japan and Brazil. China is the world’s largest producer of magnesium hydroxide, accounting for approximately 40% of global production.
The competition landscape of the magnesium hydroxide market is relatively fragmented, with major players including:
Henan Zhongfu New Materials Co., Ltd.
Magnesium Hydroxide Company
Hyderabad Chemicals Industries Ltd., India
Sumitomo Metal Industries, Japan
In the future, the magnesium hydroxide market will continue to maintain growth. The growth of traditional application fields such as flame retardants and antacids will provide continued momentum for the magnesium hydroxide market. At the same time, the application of magnesium hydroxide in other application fields will also continue to expand, bringing new growth opportunities to the magnesium hydroxide market.