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Magnesium Hydroxide Flame Retardants Market will reach 580 million US$ in 2023
Press release from: Global Info Research
New report published by Global Info Research which offers insights on the global Magnesium Hydroxide Flame Retardants market.
Magnesium hydroxide is the inorganic compound. It occurs in nature as the mineral brucite. It is a white solid with low solubility in water. Magnesium hydroxide is a common component of antacids, such as milk of magnesia, as well as laxatives. Natural magnesium hydroxide is used commercially as a fire retardant. Most industrially used magnesium hydroxide is produced synthetically. Like aluminum hydroxide, solid magnesium hydroxide has smoke suppressing and flame retardant properties. It is a key player in the family of inorganic flame retardant.
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Global Magnesium Hydroxide Flame Retardants Market: Forecast by Type / Application / Region
Magnesium hydroxide acts good flame retardant and smoke suppressant, and has been widely used many fields, such as plastics, rubber, coating and so on. Although magnesium hydroxide flame retardant has many substitutes, the products still achieves good growth in the past years.
Magnesium hydroxide flame retardant has two manufacturing process, chemical synthesis and physical smash. For chemical synthesis, the technology is high and mastered by leading manufacturers from Japan, USA and Europe. As for the physical smash, magnesium hydroxide mainly gets from the brucite. Physical smashed magnesium hydroxide has lower quality than that from chemical synthesis. Presently, most of producers in China supply physical smashed type magnesium hydroxide flame retardant to market. The quality offered by China local suppliers still has a gap with imported ones.
The worldwide market for Magnesium Hydroxide Flame Retardants is expected to grow at a CAGR of roughly 3.3% over the next five years, will reach 580 million US$ in 2023, from 480 million US$ in 2017, according to a new GIR (Global Info Research) study.
Global Nonferrous Metal Recycling Market:Key Players
Kyowa Chemical Industry
Huber Engineered Materials (HEM)
Russian Mining Chemical Company
Xinyang Minerals Group
Jinan Taixing Fine Chemicals
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United States Magnesium Hydroxide Flame Retardants Market 2018 Forecast to 2023
Europe Magnesium Hydroxide Flame Retardants Market 2018 Forecast to 2023
North America Magnesium Hydroxide Flame Retardants Market 2018 Forecast to 2023
Asia-Pacific Magnesium Hydroxide Flame Retardants Market 2018 Forecast to 2023
China Magnesium Hydroxide Flame Retardants Market 2018 Forecast to 2023
EMEA Magnesium Hydroxide Flame Retardants Market 2018 Forecast to 2023
Global Magnesium Hydroxide Flame Retardants Market 2018 Forecast to 2023
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