Global Magnesium Hydroxide Slurry Market Size By Grade, By Application, By Geographic Scope And Forecast
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Magnesium Hydroxide Slurry Market Size By Grade, By Application, By Geographic Scope And Forecast
Magnesium Hydroxide Slurry Market Size And Forecast
Magnesium Hydroxide Slurry Market size was valued at USD 810 Million in 2022 and is projected to reach USD XX Million by 2030, growing at a CAGR of 4.95% from 2023 to 2030.
Increased awareness of environmentally acceptable flame retardant additives, as well as rising demand for magnesium hydroxide in flue gas desulphurization, wastewater treatment, and pharmaceutical industries, are the primary drivers of this market. The Global Magnesium Hydroxide Slurry Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Magnesium Hydroxide Slurry Market Definition
The use of magnesium hydroxide slurry to neutralize industrial and municipal wastewater streams is a safe and cost-effective treatment method. Magnesium Hydroxide is a highly effective alkaline chemical that can be carried in full tankers, totes, or drums. Our Magnesium Hydroxide Slurry is produced in a regulated batching technique that results in fine particle size, resulting in a more stable product with improved reactivity and Magnesium usage. Magnesium Hydroxide Slurry has been shown to be safe and cost-effective for neutralizing acids and optimizing biological therapy. Magnesium Hydroxide has a pH of 6.0 to 9.0 and is a good source of alkalinity, making it ideal for use in aerobic and anaerobic biological treatment systems.
It offers critical nutrients for development and promotes faster aerobic digestion, especially in denitrification systems. Magnesium hydroxide buffers pH, removing the risk of accidentally harming bio-organisms due to over-feeding of the neutralizer. When compared to other alkalis, magnesium hydroxide delivers higher CaCO3 equivalent alkalinity per weight. 1.68 pounds of Calcium Carbonate are equal to one dry pound of Mg(OH)2 (CaCO3). Magnesium Hydroxide, unlike Caustic Soda and Lime, is non-corrosive, making handling easier and safer. It’s a ready-to-use solution that creates predictable and consistent material while also making the workplace safer and lowering the chance of employee damage.
To prevent particle aggregation and sedimentation over a wide range of solid loading, the magnesium hydroxide suspension must have a high solid loading and be sufficiently stable with adequate fluidity. A dispersant is usually necessary to make a pumpable slurry because the viscosity of the slurry is too high. The solid will tend to settle to the bottom of the storage vessel unless the suspension is stable, and the settled solids can be quickly re-suspended and don’t form a hard cake at the container bottom. To understand the mechanical behavior of these slurries, fundamental aspects such as the interaction of magnesium hydroxide slurry in new dispersants are explored.
Global Magnesium Hydroxide Slurry Market Overview
In wastewater treatment, magnesium hydroxide appears to be an excellent substitute for lime and caustic soda. Because of its long-term economic benefits, brine/seawater precipitation would continue to be the most popular industrial method. Market expansion is likely to be aided by rising demand for technical/industrial grade magnesium hydroxide. Magnesium hydroxide has become more popular for wastewater treatment applications in both developed and developing countries during the last few decades. Magnesium hydroxide has arisen as an ideal candidate as governments throughout the world continue to focus on improving wastewater treatment processes. Due to the benefits of magnesium hydroxide slurry, it is expected to overtake lime and caustic soda in terms of adoption.
Magnesium hydroxide is also widely utilized for acid neutralization of industrial wastewater, in addition to being an excellent choice for wastewater treatment. Magnesium hydroxide is expected to expand in popularity due to its increasing use in flue gas desulphurization for recovering high-quality petroleum products. The SO3 removal system is deployed across power plants as well as other industries to remove sulfur content in the fuel, which can be the cause of machine corrosion and even reduce machine performance. As a result, increased demand for the removal of sulfur content from gasoline is likely to drive Magnesium Hydroxide Slurry Market growth. Magnesium Hydroxide Slurry Market growth is projected to be hampered by the availability of replacements such as caustic soda, which is an excellent neutralizing agent.
The majority of industry-installed neutralizing systems are designed to employ caustic soda, which has a faster reaction rate. However, when utilizing magnesium hydroxide, the system must be changed, which can incur heavy expenditure. The aforementioned issues are projected to restrain Magnesium Hydroxide Slurry Market expansion. Excessive magnesium consumption can result in diarrhea, as well as other unpleasant side effects like vomiting and cramping. This is expected to limit magnesium hydroxide usage, hence restraining the market expansion of magnesium hydroxide. Additionally, high quantities of magnesium hydroxide in the blood can cause muscle weakness, breathing difficulties, irregular heartbeat, and mood swings. Such adverse effects of magnesium hydroxide are likely to have a negative impact on the market expansion.
Global Magnesium Hydroxide Slurry MarketSegmentation Analysis
The Global Magnesium Hydroxide Slurry Market is Segmented on the basis of Grade, Application, And Geography.
Magnesium Hydroxide Slurry Market, By Grade
• Food/Pharmaceutical• Industrial/Technical
Based on Grade, the market is segmented into Food/Pharmaceutical and Industrial/Technical. Due to the rising usage of magnesium hydroxide in flue gas desulphurization and acid neutralizers and also pH adjustment for wastewater treatment applications, the industrial end-use industry will likely continue dominating the Magnesium Hydroxide Slurry Market.
Magnesium Hydroxide Slurry Market, By Application
• Environmentalo Flue-gas Desulphurisationo Wastewater Treatment• Chemical• Pharmaceuticals• Flame Retardants
Based on Application, the market is segmented into Environmental, Chemical, Pharmaceuticals, and Flame Retardants. Higher applicability and important properties of neutralizing and water treaters, and flue gas absorbers, have made magnesium hydroxide the first and prime choice for environmental applications. Magnesium hydroxide is utilized as a neutralizing agent in the wastewater treatment process, which is another important application. It can be used as a heavy metals precipitator and as an alternative to traditional neutralizing agents like caustic soda.
The company’s growth prospects have been aided by the use of magnesium hydroxide as an absorbent to collect SO2 (sulfur dioxide) from flue gases. All of these considerations have resulted in a significant demand for magnesium hydroxide as a neutralizing agent in the market. The chemical and water treatment industries are expected to consume the industrial/technical category at a high CAGR over the projection period. Due to demand in Asia Pacific’s rising countries, the water treatment industry sector is expected to rise steadily. Chemical neutralizing agents are being used more frequently in most wastewater treatment sectors in this region, which will contribute significantly to the market’s growth.
Magnesium Hydroxide Slurry Market, By Geography
• North America• Europe• Asia Pacific• Rest of the World
Based on regional analysis, the Global Magnesium Hydroxide Slurry Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. Due to increased consumption of magnesium hydroxide in the flame retardant, environmental protection, and pharmaceutical industries, Asia Pacific will remain the largest region by value and volume, with the strongest growth over the projected period.
Key Players
The “Global Magnesium Hydroxide Slurry Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Yentai FR Flame Technology, Russian Mining Chemical, RHI Group, Kyowa Chemical, Hill Brothers, Aries Chemical, Nedmag BV, CIMBAR Performance Minerals, Premier Magnesia, and Europiren BV. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2019-2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Yentai FR Flame Technology, Russian mining Chemical, RHI Group, Kyowa Chemical, Hill Brothers, Aries Chemical, Nedmag BV, CIMBAR Performance Minerals. |
Segments Covered |
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Customization Scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-econ