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Get the latest insights on price movement and trend analysis of Magnesium Hydroxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).
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The worldwide magnesium hydroxide market is estimated to be USD 1,421.6 million in 2024. Displaying a CAGR of 6.2% through 2034, the sector is slated to be worth USD 2,601.8 million by the end of the forecast period.
Attributes | Description |
---|---|
Estimated Global Magnesium Hydroxide Market Size (2024E) | USD 1,421.6 million |
Projected Global Magnesium Hydroxide Market Value (2034F) | USD 2,601.8 million |
Value-based CAGR (2024 to 2034) | 6.2% |
Semi Annual Market Update
Particular | Value CAGR |
---|---|
H1 | 12% (2023 to 2033) |
H2 | 12.1% (2023 to 2033) |
H1 | 12.2% (2024 to 2034) |
H2 | 12.4% (2024 to 2034) |
Category-wise Insights
Segment | Powder (Form) |
---|---|
Value Share (2024) | 78.9% |
Segment | Indirect Sales (Sales Channel) |
---|---|
Value Share (2024) | 75.1% |
Country-Wise Insights
Countries | CAGR (2024 to 2034) |
---|---|
India | 6.4% |
United States | 6% |
Russia | 4.9% |
China | 6.9% |
Germany | 4.6% |
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Why did the Magnesium Hydroxide Price Change in July 2025? The Magnesium Hydroxide Price Index USP in the United States rose in July 2025, ending the soft trend observed in Q2.
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According to Cognitive Market Research, the global Magnesium Hydroxide market size will be USD 756.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 302.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 226.98 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 174.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 37.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 15.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The liquid held the highest Magnesium Hydroxide market revenue share in 2024.
Market Dynamics of Magnesium Hydroxide Market
Key Drivers for Magnesium Hydroxide Market
Growth in the Industrial Manufacturing Sector's Demand to Increase the Demand Globally
In industrial manufacturing facilities, desulfurization and wastewater treatment are two major uses for magnesium hydroxide. In the pharmaceutical industry, magnesium hydroxide is mostly utilized as an antacid. Because of its natural flame-retardant qualities, magnesium hydroxide is a necessary component of rubber, plastics, and building supplies. Market expansion is being driven by the growing emphasis on fire safety, particularly in residential and commercial structures. Magnesium hydroxide is employed in a variety of chemical processes because it neutralizes acidic chemicals in the chemical industry. The need for magnesium hydroxide is closely tied to the growth of the chemical sector. The market is growing overall due to new uses in food additives, medicines, and personal care items.
Increasing Need from the Industry of Wastewater Treatment to Propel Market Growth
There are several uses for magnesium hydroxide in wastewater treatment procedures. Magnesium hydroxide raises the pH of acidic water, making it more suitable for a variety of industrial uses, such as cooling towers, furnaces, and municipal water supply systems, as well as reducing corrosion. Magnesium hydroxide has two possible uses in wastewater treatment: flocculant and coagulant. It makes suspended particles easier to deposit and aggregate, which improves their capacity to separate from the water. This is especially helpful when purging water of turbidity and particle matter. The world's population is also rapidly increasing, and the world's freshwater resources are being seriously harmed by rising urbanization and industry. Twenty-two percent of the water used worldwide is used in industrial processes.
Restraint Factor for the Magnesium Hydroxide Market
Side Effects of Overdoing Magnesium Supplementation to Limit the Sales
Overdosing on magnesium hydroxide can have a number of negative repercussions, which could hinder the global market for magnesium hydroxide's expansion. Diarrhea, vomiting, and cramping can result from consuming too many magnesium-containing products, such as large dosages of laxatives or antacids. Additionally, hypermagnesemia—a condition in which blood magnesium levels are severely elevated—is a risk for those with kidney disease. Hypermagnesemia manifests as respiratory discomfort, mood swings, muscle weakness, and arrhythmias. Magnesium hydroxide should be used carefully because of the possibility of these serious side effects. This could limit market growth as a result of raised knowledge of the hazards and regulatory scrutiny. The market for magnesium hydroxide products may be negatively impacted if consumers and healthcare providers become more aware of these dangers, impacting the overall market
Impact of Covid-19 on the Magnesium Hydroxide Market
The COVID-19 pandemic has had a detrimental effect on the worldwide magnesium hydroxide market because of the tight rules and lockdown that have caused the demand for magnesium hydroxide to decline. In addition, a shortag...
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Why did the Magnesium Powder Price Change in July 2025? In June 2025, the Magnesium Powder Spot Price for Magnesium Oxide CFR Texas surged by 12.12% to USD 370/MT, driven by aggressive domestic procurement from animal feed and food additive sectors amid tight stock positions.
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North America's Magnesium Hydroxide market size will be USD 302.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031. North America has emerged as a prominent participant, and its sales revenue is estimated to reach USD 439.1 Million by 2031. The presence of a strong industrial base in countries like the US and Canada creates a substantial demand for magnesium hydroxide.
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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 2024-30.
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Europe's Magnesium Hydroxide market will be USD 226.98 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. The region's growing emphasis on sustainability and environmental protection presents to aid the sales to USD 323.1 million by 2031
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The Magnesium Hydroxide Market Report is Segmented by Form (Slurry, Powder, Suspension/Paste), Grade (Industrial Grade, Pharmaceutical Grade, Food Grade), Manufacturing Method (Chemical Precipitation, Seawater-Lime Process, and More), Application (Industrial, Pharmaceuticals, and More), and Geography (Asia-Pacific, North America, Europe, and More). The Market Forecasts are Provided in Terms of Value (USD).
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Magnesium Hydroxide Market Overview The global magnesium hydroxide market is projected to reach a value of 1,229.5 million by 2033, expanding at a CAGR of 5.8% during the forecast period (2025-2033). The rising demand for magnesium hydroxide in flame retardant industry, water treatment applications, pharmaceutical & food industry, and other industries drives market expansion. Chemical synthesis and physical methods are the two main types of magnesium hydroxide production. Key market players include Ube Materials, Martin Marietta, Kyowa Chemical, RHI Magnesita, ICL, and Konoshima Chemical. Market Growth Factors The increasing adoption of magnesium hydroxide in water treatment to remove heavy metals and contaminants contributes to market growth. Additionally, the growing demand for flame retardant materials in various end-use industries, such as construction, transportation, and electronics, propels market expansion. Moreover, the rising consumption of magnesium hydroxide in the pharmaceutical and food industries for producing antacids, laxatives, and as a nutritional supplement, supports market growth. Technological advancements in production processes and rising awareness of environmental sustainability are further expected to drive market demand.
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Asia Pacific Magnesium Hydroxide market will be USD 174.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031. The region's burgeoning pharmaceutical industry is expected to aid sales to USD 291.2 million by 2031
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The global magnesium hydroxide market is projected to grow from a value of USD 0.54 billion in 2025 to USD 0.91 billion by 2033, exhibiting a CAGR of 5.60% during the forecast period. The market growth is attributed to the increasing demand for magnesium hydroxide in various applications, including wastewater treatment, pharmaceuticals, flame retardants, and chemicals. The use of magnesium hydroxide in flame retardants and chemicals is expected to drive market growth, as it acts as an effective flame retardant in plastics, textiles, and other materials. The Asia Pacific region is expected to witness the fastest growth in the magnesium hydroxide market during the forecast period. The growth in this region is primarily driven by the increasing demand for magnesium hydroxide in wastewater treatment applications in countries such as China and India. Additionally, the growing demand for magnesium hydroxide in pharmaceuticals and other industrial applications in the region is further contributing to market growth. Recent developments include: August 2022: Plastikon Healthcare, LLC, launched Lot 20076A, an oral suspension containing simethicone 120 mg, magnesium oxide 1200 mg, and aluminium oxide 1200 mg., July 2021: CJSC NikoMag, a Nikokhim group company, announced expansion of magnesium hydroxide plant capcity from 25,000 to 40,000 tonnes per year capacity.. Notable trends are: Pharmaceutical Grade Magnesium Hydroxide in Demand is driving the market growth.
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The global magnesium oxide market is poised to grow steadily, with its value expected to reach USD 4.6 billion in 2025 and expand to approximately USD 8.9 billion by 2035.
Attribute | Detail |
---|---|
Industry Size (2025E) | USD 4.6 billion |
Industry Size (2035F) | USD 8.9 billion |
CAGR (2025 to 2035) | 53.5% |
Country-wise Insights
Projected Magnesium Oxide Market Revenue (2035) | Countries |
---|---|
China | USD 4,190.6 million |
United States | USD 335.6 million |
India | USD 301.1 million |
Germany | USD 271.8 million |
Russia | USD 192.9 million |
France | USD 191.0 million |
Countries | Projected Magnesium Oxide CAGR (2025 to 2035) |
---|---|
India | 9.4% |
China | 8.4% |
South Korea | 6.8% |
Spain | 4.8% |
United Kingdom | 4.3% |
Hungary | 4.1% |
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The global magnesium hydroxide market size was valued at approximately USD 850 million in 2023 and is projected to reach around USD 1.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.4% during the forecast period. The market growth is largely driven by the increasing application of magnesium hydroxide in various industries, including pharmaceuticals, wastewater treatment, and flame retardants due to its excellent safety profile, non-toxicity, and environmental benefits.
One of the primary growth factors for the magnesium hydroxide market is its expanding application as a flame retardant. Magnesium hydroxide is widely used as a flame-retardant additive in polymers, plastics, and various other materials, replacing traditional halogenated flame retardants due to its non-toxic and environmentally friendly nature. As industries are increasingly moving towards sustainable and eco-friendly materials, the demand for magnesium hydroxide is anticipated to see significant growth. Furthermore, stringent fire safety regulations across various industries globally are propelling the demand for efficient flame-retardant materials, further boosting the market.
Another significant factor contributing to the market growth is the increasing use of magnesium hydroxide in wastewater treatment. Given its alkaline properties, magnesium hydroxide is an effective neutralizing agent for acidic waste streams, helping in the treatment of industrial effluents. The growing awareness and regulatory pressure regarding water pollution and environmental protection have led to the widespread adoption of magnesium hydroxide in wastewater treatment plants. This trend is expected to continue, driven by escalating water treatment requirements in both developed and developing countries.
Additionally, the pharmaceutical and food industries are increasingly incorporating magnesium hydroxide due to its benign properties and health benefits. In pharmaceuticals, it is used as an antacid and laxative, addressing common gastrointestinal issues. The food industry utilizes it as a food additive and dietary supplement. With the ongoing expansion of the pharmaceutical sector and rising health consciousness among consumers, the demand for magnesium hydroxide in these applications is projected to grow steadily. Moreover, the compound's role in emerging applications, such as its use in battery technologies, is anticipated to open new growth avenues for the market.
Magnesium Silicate, a compound closely related to magnesium hydroxide, plays a significant role in various industrial applications due to its unique properties. It is often utilized in the production of ceramics, paints, and coatings, where its ability to enhance durability and resistance to heat is highly valued. Additionally, magnesium silicate's adsorption capabilities make it a popular choice in the pharmaceutical industry for use as an antacid and in the purification of edible oils. The compound's versatility and effectiveness in improving product performance underscore its importance in modern manufacturing processes. As industries continue to seek materials that offer both functionality and environmental benefits, the demand for magnesium silicate is expected to grow in tandem with magnesium hydroxide.
Regionally, Asia Pacific holds a substantial share of the magnesium hydroxide market, driven by rapid industrialization, urbanization, and stringent environmental regulations in countries such as China and India. North America and Europe are also significant markets, fueled by robust pharmaceutical industries, advanced wastewater treatment infrastructure, and increasing regulatory mandates for flame retardants. The Middle East & Africa and Latin America are expected to witness moderate growth, supported by expanding industrial activities and growing environmental awareness. Each of these regions presents unique opportunities and challenges, shaping the market dynamics and growth trajectories.
Magnesium hydroxide is available in various forms, including powder, slurry, and granules, each catering to specific applications and industries. The powder form of magnesium hydroxide is highly favored in flame retardant applications due to its ease of dispersion and mixing with polymers and plastics. The fine particles of
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Magnesium Hydroxide Market is estimated to be US$ 2.0 billion by 2034 with a CAGR of 7.0% during the forecast period
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Latin America's Magnesium Hydroxide market will be USD 37.83 million in 2024 and is estimated to grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. The market is foreseen to reach USD 60.3 million by 2031 due to the increasing incidence of chronic diseases.
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Global Magnesium Hydroxide Market is poised for a significant growth, with market size projected to surge from USD 1.32 Billion in 2024 to USD 2.22 Billion by 2033, showcasing a robust Compound Annual Growth Rate (CAGR) of 5.96% during the forecast period.
The Global Magnesium Hydroxide market size to cross USD 2.22 Billion in 2033. [https://edison.valuemarketresearch.com//uploads/report_images/
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Magnesium Hydroxide Market size is expected to be worth around USD 1207.5 Million by 2034, from USD 748.4 Million in 2024, at a CAGR of 4.9%
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Middle East and Africa Magnesium Hydroxide market will be USD 15.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. The market is foreseen to reach USD 23.9 million by 2031, owing to the growing emphasis on clean water.
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The global magnesium hydroxide market, valued at $1483 million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 5.7% from 2025 to 2033. This expansion is driven by several key factors. The increasing demand for magnesium hydroxide in water treatment applications, stemming from its effectiveness in removing contaminants and improving water quality, is a significant contributor. Furthermore, the growing construction and building industries fuel demand for flame-retardant materials, with magnesium hydroxide being a preferred choice due to its non-toxicity and efficiency. The pharmaceutical and food industries also contribute significantly, leveraging magnesium hydroxide's properties as an antacid and dietary supplement. Technological advancements in synthesis methods, leading to higher purity and improved efficiency, further bolster market growth. While rising raw material costs and potential supply chain disruptions pose challenges, the overall market outlook remains positive, driven by the continuous expansion of target industries and the inherent advantages of magnesium hydroxide. Several key segments contribute to the market's growth trajectory. Chemical synthesis and physical methods represent distinct production routes, each with varying cost-effectiveness and purity levels influencing market share. Application-wise, water treatment dominates, followed by the flame retardant industry, pharmaceutical & food applications, and other niche uses. Leading players like Ube Materials, Martin Marietta, and Kyowa Chemical are strategically positioned to capitalize on this growth, focusing on innovation, capacity expansion, and geographical reach. Regional analysis indicates strong performance across North America, Europe, and Asia Pacific, driven by varying degrees of industrial development and regulatory frameworks concerning environmental protection and safety standards. The consistent demand from diverse industries points towards a sustained and expanding market for magnesium hydroxide in the coming years.
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Get the latest insights on price movement and trend analysis of Magnesium Hydroxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).