Global High Purity Magnesium Hydroxide market cagr 7.8%

High Purity Magnesium Hydroxide Market

High Purity Magnesium Hydroxide Market Scope:

Industry Analysis, Market Size, Growth, Trends Till 2031

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High Purity Magnesium Hydroxide Market Size and Growth

The High Purity Magnesium Hydroxide market research reports indicate a steady growth in demand due to its wide applications in various industries. The market size is estimated to be USD 200 million, with a CAGR of 5% expected in the forecast period. Rising environmental concerns and increasing use in pharmaceuticals are driving market growth. Request Sample Report

Companies Covered (Covid 19 Impact Covered)

◍ Qinghai Western Meiye Limited Company

◍ Martin Marietta

◍ Kyowa Chemical Industry

◍ Yinfeng Group

◍ ICL

◍ Huber Engineered Materials (HEM)

◍ Konoshima

◍ Tateho Chemical

◍ Nuova Sima

◍ Russian Mining Chemical Company

◍ Nikomag

◍ Xinyang Minerals Group

◍ XuSen

◍ Jinan Taixing Fine Chemicals

◍ Wanfeng

◍ Fire Wall

The competitive landscape of the High Purity Magnesium Hydroxide Market includes companies such as Qinghai Western Meiye Limited Company, Martin Marietta, Kyowa Chemical Industry, Yinfeng Group, ICL, Huber Engineered Materials, Konoshima, Tateho Chemical, Nuova Sima, Russian Mining Chemical Company, Nikomag, Xinyang Minerals Group, XuSen, Jinan Taixing Fine Chemicals, Wanfeng, and Fire Wall. These companies use high purity magnesium hydroxide for various applications such as flame retardants, water treatment, and pharmaceuticals, contributing to the growth of the market.

- Sales revenue actual figures of a few companies:

- Martin Marietta: $4.56 billion

- ICL: $5.4 billion

- Huber Engineered Materials: $2.3 billion

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Market Segmentation

By Application

◍ Rubber

◍ Pharmaceutical

◍ Flame Retardant

◍ Food

◍ Plastic

◍ Other

By Product

◍ Pharmaceutical Grade

◍ Industrial Grade

◍ Electronic Grade

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