The North America Magnesium Hydroxide Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 706.5 Hundred Tonnes, showcasing a growth of 4.4% (2019-2022).
Mg (OH)2, magnesium hydroxide, is an inorganic compound of hydrogen, oxygen, and magnesium. With a limited solubility in water (Ksp = 5.61×10−12), it exists as a white crystalline solid. As the mineral brucite, it is naturally occurring. Ensuring the proper application of this compound-based products is critical, especially when individuals with pre-existing medical conditions or concurrent substance use are involved. It is imperative to strictly follow the instructions given by healthcare professionals to prevent potential interactions and adverse effects that may result from its administration.
Furthermore, this compound is widely used in aerobic and anaerobic biological treatment systems in meat processing plants, bakeries, and chemical processing plants. It treats industrial metal-laden acidic wastewater, producing less sludge volume and a filter cake that de-waters faster than caustic soda or lime. The increasing demand for this compound for various applications, such as environmental protection, flame retardance, and pharmaceutical applications, is expected to serve as a crucial growth factor for the market.
Strict environmental regulations in the US at the federal and state levels mandate the proper treatment of wastewater to protect water quality and aquatic ecosystems. Compliance with regulations like the Clean Water Act drives investments in wastewater treatment infrastructure and technologies. As the US increasingly emphasizes environmental regulations and water quality standards, the demand for effective pH control agents, including this compound, will likely grow. As a result, these aspects will boost the market growth in the coming years.
The US market dominated the North America Magnesium Hydroxide Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $140,330 Thousands by 2030. The Canada market is experiencing a CAGR of 7.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.6% during (2023 - 2030).
Free Valuable Insights: The Magnesium Hydroxide Market is Predict to reach $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 U.S., Mexico, Canada, and Rest of North America.
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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