The Europe Magnesium Hydroxide Market would witness market growth of 4.8% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 658.4 Hundred Tonnes, showcasing a growth of 2.8% (2019-2022).
This compound serves as a crucial component in environmental protection applications. One of its primary uses is in flue gas desulfurization (FGD) processes, where it acts as a neutralizing agent for acidic pollutants emitted from industrial sources. The compound reacts with sulfur dioxide (SO2) to form magnesium sulfite, a less harmful substance that can be easily removed. In the realm of flame retardancy, this compound plays a pivotal role. Its ability to release water molecules upon heating makes it an effective flame retardant in various materials, including plastics, rubber, and textiles.
The pharmaceutical industry incorporates this compound in the formulation of antacids and laxatives. Due to its alkaline nature, it neutralizes surplus stomach acid, furnishing relief from heartburn and indigestion. Additionally, its laxative properties make it a valuable component in medications designed to alleviate constipation. This compound finds applications in wastewater treatment, particularly in the precipitation of heavy metals. When added to wastewater, it reacts with metal ions, forming insoluble hydroxide precipitates that can be easily separated from the water. This process aids in removing pollutants and contributes to the purification of industrial effluents.
With its emphasis on sustainability and environmental practices, Germany may see a growing interest in flame retardant solutions that align with these principles. This compound is often considered more sustainable than certain traditional flame retardants. The automotive sector in Germany utilizes flame retardants in the manufacturing of vehicles to enhance fire safety. This compound can be incorporated into automotive components, contributing to the reduction of fire hazards. Therefore, the factors mentioned above will propel the market growth in this region.
The Germany market dominated the Europe Magnesium Hydroxide Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $53,487 Thousands by 2030. The UK market is exhibiting a CAGR of 3.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.7% during (2023 - 2030).
Free Valuable Insights: The Global Magnesium Hydroxide Market will Hit $909.2 Million by 2030, at a CAGR of 5.4%
Based on Form, the market is segmented into Slurry, Powder, and Others. Based on Application, the market is segmented into Wastewater Treatment, Flue-Gas Desulphurisation, Flame Retardant, Pharmaceutical, Food Additive, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Form (Volume, Hundred Tonnes, USD Million, 2019-2030)
By Application (Volume, Hundred Tonnes, USD Million, 2019-2030)
By Country (Volume, Hundred Tonnes, USD Million, 2019-2030)
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