Magnesium Hydroxide Market Expected to Reach USD 1.22 Billion by 2032 | Growing at a CAGR of 5.6%

Market Research Future (MRFR) has published a cooked research report on the “Magnesium hydroxide Market” that contains information from 2018 to 2032.The magnesium hydroxide market is estimated to register a CAGR of 5.60%during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the magnesium hydroxide market—Nedmag Industries Mining & Manufacturing B.V., Nabaltec AG., Huber Engineering Materials, Kyowa Chemical Industry Co. Ltd., Konoshima Chemicals Co. Ltd., Tateho Chemical Industries Co., Ltd., and Baymag Inc.

Magnesium Hydroxide Market Highlights

The magnesium hydroxide market is accounted to register a CAGR of 5.60% during the forecast period and is estimated to reach USD 1.22 billion by 2032.

The magnesium hydroxide market is driven by increasing demand in wastewater treatment, flame retardant applications, and pharmaceutical formulations. Opportunities arise from its eco-friendly nature and versatile applications. However, challenges include competition from alternative materials and the need for substantial investments in research and development. Regulatory scrutiny on environmental impact presents both an opportunity for sustainable solutions and a restraint due to compliance complexities, shaping the dynamics of the magnesium hydroxide market.

Segment Analysis

The magnesium hydroxide market has been segmented based form, application and grade.

On the basis of form, the market is segmented into liquid magnesium hydroxide, powder magnesium hydroxide. The liquid magnesium hydroxide is segment was attributed to holding the largest market share in 2022. Liquid Magnesium Hydroxide is preferred for its easy administration and rapid absorption, offering an effective solution for managing symptoms related to endometriosis. On the other hand, Powder Magnesium Hydroxide is the rapidly expanding category, gaining momentum due to its flexibility and potential for personalized dosing.

Based on application, the magnesium hydroxide market has been segmented into wastewater treatment, pharmaceuticals, flame retardants, chemicals & others, fuel additives, food & feed, abrasives, others. The wastewater treatment segment was expected to hold the largest market share in 2022. The growing emphasis on environmental sustainability and regulatory demands is propelling the market. At the same time, the pharmaceutical sector is projected to be the fastest-growing category, driven by the increasing demand for magnesium hydroxide in pharmaceutical formulations and the expanding healthcare industry's need for efficient solutions.

Based on grade, the magnesium hydroxide market has been segmented into industrial, food, pharmaceutical. The dominating category is industrial grade, driven by the widespread use of magnesium hydroxide in industrial applications such as wastewater treatment, flame retardants, and chemicals. Simultaneously, the fastest-growing category is pharmaceutical grade, owing to the growing demand for high-quality magnesium hydroxide in the pharmaceutical industry, where it is used in formulations and various medicinal applications, aligning with the expanding healthcare sector and stringent quality standards

Regional Analysis

The magnesium hydroxide market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe magnesium hydroxide market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The magnesium hydroxide market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World magnesium hydroxide market comprises of Middle East, Africa, and Latin America.

The largest market share for magnesium hydroxide was maintained by the North American regional sector. This increase is attributed to the adoption of magnesium hydroxide in wastewater treatment applications, aligning with sustainability goals. Secondly, the region's robust industrial and manufacturing sectors contribute to significant demand, particularly in flame retardant applications. Additionally, the well-established pharmaceutical industry in North America drives the need for high-quality magnesium hydroxide in pharmaceutical formulations.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for magnesium hydroxide is driven by the region places a strong emphasis on environmental sustainability, leading to increased adoption of magnesium hydroxide in wastewater treatment applications due to its effective neutralizing properties. Secondly, the growing awareness of flame retardant and eco-friendly materials in construction and manufacturing industries contributes to the demand for magnesium hydroxide. Additionally, the pharmaceutical sector's stringent quality standards and reliance on high-purity magnesium hydroxide drive market growth.

Additionally, the Asia-Pacific region is anticipated to experience the quickest growth in the magnesium hydroxide market due to several key factors. Firstly, rapid industrialization and urbanization in the region contribute to increased demand for effective wastewater treatment solutions, where magnesium hydroxide is widely used. Secondly, the expanding construction and manufacturing sectors in Asia-Pacific drive the need for flame retardant materials, with magnesium hydroxide being a preferred choice.

Furthermore, the rest of the world's magnesium hydroxide market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the economic growth and industrial development, leading to increased infrastructure projects and manufacturing activities. This, in turn, drives the demand for magnesium hydroxide in applications such as flame retardants and wastewater treatment. Secondly, environmental concerns and regulations in these regions contribute to the adoption of magnesium hydroxide for eco-friendly solutions.

Key Findings of the Study

• The magnesium hydroxide market is expected to reach USD 0.34 billion by 2032, at a CAGR of 5.60% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the increased demand for effective wastewater treatment solutions, where magnesium hydroxide is widely used.


• Based on application, the Wastewater Treatment segment was attributed to holding the largest market in 2022, with an approximate market share of 30–45%.


• Nedmag Industries Mining & Manufacturing B.V., Nabaltec AG., Huber Engineering Materials, Kyowa Chemical Industry Co. Ltd., Konoshima Chemicals Co. Ltd., Tateho Chemical Industries Co., Ltd., and Baymag Inc.