USP Grade Magnesium Hydroxide Market
USP Grade Magnesium Hydroxide Market Scope:
Industry Analysis, Market Size, Growth, Trends Till
2031
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USP Grade Magnesium Hydroxide Market Size and Growth
The USP Grade Magnesium Hydroxide market is experiencing steady growth, driven by rising demand in pharmaceuticals and food industries. As of 2023, the market size is estimated at approximately USD 150 million, with a projected CAGR of 5% over the next five years, reflecting increased awareness of health and safety standards.
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Companies Covered
(Covid 19 Impact Covered)
◍ Martin Marietta
◍ Huber
◍ Kyowa Chemical
◍ Yantai FR Flame Retardant
◍ ICL Group
◍ SPI Pharma
◍ Naikai Salt
The USP Grade Magnesium Hydroxide Market features key players like Martin Marietta, Huber, Kyowa Chemical, Yantai FR Flame Retardant, ICL Group, and SPI Pharma. These companies utilize high-purity magnesium hydroxide for pharmaceuticals, food applications, and flame retardants, driving market growth through innovation and expanded product offerings. Sales revenue figures are as follows:
- Martin Marietta: Approximately $3.5 billion
- Huber: Around $1.2 billion
- ICL Group: Approximately $5 billion
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Market Segmentation
By Application
◍ Antacids
◍ Cosmetics
◍ Dietary Supplements
◍ Food Service
◍ Personal Hygiene Products & Natural Deodorants
◍ Others
By Product
◍ 0.85 g/cc Typical Density
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Market Growth
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$ X Billion USD
