Magnesium Hydroxide Flame Retardant Market Size & Share, by Type (Chemical Synthesis, Physical Smash); Application (Rubber & Plastics, Construction, Wire & Cables, Coatings); End-user (Industrial, Commercial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2031

  • Report ID: 5181
  • Published Date: Aug 23, 2023
  • Report Format: PDF, PPT

Global Magnesium Hydroxide Flame Retardant Market TOC

 

  1. Market Definition
    1. Market Definition
    2. Market Segmentation
  2. Research Methodology
    1. Research Process
    2. Primary Research
    3. Secondary Research
  3. Executive Summary – Global Magnesium Hydroxide Flame Retardant Market
  4. Market Dynamics
    1. Market Drivers
    2. Restraints
    3. Opportunities
    4. Trends
  5. Regulatory and Standards Landscape
  6. Economic Outlook: US, Europe, China
  7. Technological Shift and Implementation Analysis
  8. Industry Risk Analysis
  9. Impact of COVID-19 on the Magnesium Hydroxide Flame Retardant Market
    1. Impact on the Manufacturers
    2. Impact on the supply chain
    3. Impact on the market strategy
    4. Impact on the new entrants in the market
  10. Value Chain Analysis
    1. Manufacturers
    2. Distributers/Suppliers
    3. End users
  11. Industry Growth Outlook
    1. Analysis on market demand
    2. Analysis on growth forecast
  12. EXIM Analysis of the Magnesium Hydroxide Flame Retardant Market
  13. Application Analysis of MDH (FR) for Roofing in USA and Europe
  14. Pricing Analysis
  15. Competitive Positioning
  16. Competitive Landscape
    1. Market Share Analysis, 2022
    2. Competitive Benchmarking
      1. ICL
      2. Martinswerk/Huber (Magnifin)
      3. Kyowa Chemical Industry Co., Ltd.
      4. Konoshima Chemical Co., Ltd.
      5. Europiren B.V.
      6. Martin Marietta Specialties
      7. Penoles Industries
      8. Niknam Chemicals Private Limited
      9. Xinyang Minerals Group
      10. Tateho Chemical Industries Co., Ltd.
      11. NikoMag
      12. KMT Industrial (HK) Limited
      13. Nuova Sima
  17. Global Magnesium Hydroxide Flame Retardant Market 2021-2031
    1. Market Overview
    2. By Value (USD Million)
    3. By Volume (In Tons)
    4. Market Segmentation Analysis 2021-2031
      1. By Type
        1. Chemical Synthesis, 2021-2031F (USD Million & Thousand Tons)
        2. Physical Smash, 2021-2031F (USD Million & Thousand Tons)
      2. By Application
        1. Rubber & Plastic, 2021-2031F (USD Million & Thousand Tons)
        2. Construction, 2021-2031F (USD Million & Thousand Tons)
        3. Wire & Cables, 2021-2031F (USD Million & Thousand Tons)
        4. Coating, 2021-2031F (USD Million & Thousand Tons)
        5. Others, 2021-2031F (USD Million & Thousand Tons)
      3. By End User
        1. Industrial, 2021-2031F (USD Million & Thousand Tons)
        2. Commercial, 2021-2031F (USD Million & Thousand Tons)
      4. By Region
        1. North America, 2021-2031F (USD Million & Thousand Tons)
        2. Latin America, 2021-2031F (USD Million & Thousand Tons)
        3. Europe, 2021-2031F (USD Million & Thousand Tons)
        4. Asia-Pacific, 2021-2031F (USD Million & Thousand Tons)
        5. Middle East & Africa, 2021-2031F (USD Million & Thousand Tons)
  18. Cross Survey Analysis of Product Type w.r.t Application, 2022
  19. North America Magnesium Hydroxide Flame Retardant Market 2021-2031
    1. Market Overview
    2. By Value (USD Million)
    3. By Volume (In Tons)
    4. Market Segmentation Analysis 2021-2031
      1. By Type
        1. Chemical Synthesis, 2021-2031F (USD Million & Thousand Tons)
        2. Physical Smash, 2021-2031F (USD Million & Thousand Tons)
      2. By Application
        1. Rubber & Plastic, 2021-2031F (USD Million & Thousand Tons)
        2. Construction, 2021-2031F (USD Million & Thousand Tons)
        3. Wire & Cables, 2021-2031F (USD Million & Thousand Tons)
        4. Coating, 2021-2031F (USD Million & Thousand Tons)
        5. Others, 2021-2031F (USD Million & Thousand Tons)
      3. By End User
        1. Industrial, 2021-2031F (USD Million & Thousand Tons)
        2. Commercial, 2021-2031F (USD Million & Thousand Tons)
      4. By Country
        1. U.S., 2021-2031F (USD Million & Thousand Tons)
        2. Canada, 2021-2031F (USD Million & Thousand Tons)
  20. Europe Magnesium Hydroxide Flame Retardant Market 2021-2031
    1. Market Overview
    2. By Value (USD Million)
    3. By Volume (In Tons)
    4. Market Segmentation Analysis 2021-2031
      1. By Type
        1. Chemical Synthesis, 2021-2031F (USD Million & Thousand Tons)
        2. Physical Smash, 2021-2031F (USD Million & Thousand Tons)
      2. By Application
        1. Rubber & Plastic, 2021-2031F (USD Million & Thousand Tons)
        2. Construction, 2021-2031F (USD Million & Thousand Tons)
        3. Wire & Cables, 2021-2031F (USD Million & Thousand Tons)
        4. Coating, 2021-2031F (USD Million & Thousand Tons)
        5. Others, 2021-2031F (USD Million & Thousand Tons)
      3. By End User
        1. Industrial, 2021-2031F (USD Million & Thousand Tons)
        2. Commercial, 2021-2031F (USD Million & Thousand Tons)
      4. By Country
        1. U.K., 2021-2031F (USD Million & Thousand Tons)
        2. Germany, 2021-2031F (USD Million & Thousand Tons)
        3. Italy, 2021-2031F (USD Million & Thousand Tons)
        4. France, 2021-2031F (USD Million & Thousand Tons)
        5. Spain, 2021-2031F (USD Million & Thousand Tons)
        6. Russia, 2021-2031F (USD Million & Thousand Tons)
        7. Netherland, 2021-2031F (USD Million & Thousand Tons)
        8. Rest of Europe, 2021-2031F (USD Million & Thousand Tons)
  21. Asia Pacific Excluded Japan Magnesium Hydroxide Flame Retardant Market 2021-2031
    1. Market Overview
    2. By Value (USD Million)
    3. By Volume (In Tons)
    4. Market Segmentation Analysis 2021-2031
      1. By Type
        1. Chemical Synthesis, 2021-2031F (USD Million & Thousand Tons)
        2. Physical Smash, 2021-2031F (USD Million & Thousand Tons)
      2. By Application
        1. Rubber & Plastic, 2021-2031F (USD Million & Thousand Tons)
        2. Construction, 2021-2031F (USD Million & Thousand Tons)
        3. Wire & Cables, 2021-2031F (USD Million & Thousand Tons)
        4. Coating, 2021-2031F (USD Million & Thousand Tons)
        5. Others, 2021-2031F (USD Million & Thousand Tons)
      3. By End User
        1. Industrial, 2021-2031F (USD Million & Thousand Tons)
        2. Commercial, 2021-2031F (USD Million & Thousand Tons)
      4. By Country
        1. Australia, 2021-2031F (USD Million & Thousand Tons)
        2. Singapore, 2021-2031F (USD Million & Thousand Tons)
        3. South Korea 2021-2031F (USD Million & Thousand Tons)
        4. India, 2021-2031F (USD Million & Thousand Tons)
        5. China, 2021-2031F (USD Million & Thousand Tons)
        6. Rest of Asia Pacific, 2021-2031F (USD Million & Thousand Tons)
  22. Japan Magnesium Hydroxide Flame Retardant Market 2021-2031
    1. Market Overview
    2. By Value (USD Million)
    3. By Volume (In Tons)
    4. Market Segmentation Analysis 2021-2031
      1. By Type
        1. Chemical Synthesis, 2021-2031F (USD Million & Thousand Tons)
        2. Physical Smash, 2021-2031F (USD Million & Thousand Tons)
      2. By Application
        1. Rubber & Plastic, 2021-2031F (USD Million & Thousand Tons)
        2. Construction, 2021-2031F (USD Million & Thousand Tons)
        3. Wire & Cables, 2021-2031F (USD Million & Thousand Tons)
        4. Coating, 2021-2031F (USD Million & Thousand Tons)
        5. Others, 2021-2031F (USD Million & Thousand Tons)
      3. By End User
        1. Industrial, 2021-2031F (USD Million & Thousand Tons)
        2. Commercial, 2021-2031F (USD Million & Thousand Tons)
  23. Latin America Magnesium Hydroxide Flame Retardant Market 2021-2031
    1. Market Overview
    2. By Value (USD Million)
    3. By Volume (In Tons)
    4. Market Segmentation Analysis 2021-2031
      1. By Type
        1. Chemical Synthesis, 2021-2031F (USD Million & Thousand Tons)
        2. Physical Smash, 2021-2031F (USD Million & Thousand Tons)
      2. By Application
        1. Rubber & Plastic, 2021-2031F (USD Million & Thousand Tons)
        2. Construction, 2021-2031F (USD Million & Thousand Tons)
        3. Wire & Cables, 2021-2031F (USD Million & Thousand Tons)
        4. Coating, 2021-2031F (USD Million & Thousand Tons)
        5. Others, 2021-2031F (USD Million & Thousand Tons)
      3. By End User
        1. Industrial, 2021-2031F (USD Million & Thousand Tons)
        2. Commercial, 2021-2031F (USD Million & Thousand Tons)
      4. By Country
        1. Brazil, 2021-2031F (USD Million & Thousand Tons)
        2. Argentina, 2021-2031F (USD Million & Thousand Tons)
        3. Mexico, 2021-2031F (USD Million & Thousand Tons)
        4. Rest of Latin America, 2021-2031F (USD Million & Thousand Tons)
  24. Middle East and Africa Magnesium Hydroxide Flame Retardant Market 2021-2031
    1. Market Overview
    2. By Value (USD Million)
    3. By Volume (In Tons)
    4. Market Segmentation Analysis 2021-2031
      1. By Type
        1. Chemical Synthesis, 2021-2031F (USD Million & Thousand Tons)
        2. Physical Smash, 2021-2031F (USD Million & Thousand Tons)
      2. By Application
        1. Rubber & Plastic, 2021-2031F (USD Million & Thousand Tons)
        2. Construction, 2021-2031F (USD Million & Thousand Tons)
        3. Wire & Cables, 2021-2031F (USD Million & Thousand Tons)
        4. Coating, 2021-2031F (USD Million & Thousand Tons)
        5. Others, 2021-2031F (USD Million & Thousand Tons)
      3. By End User
        1. Industrial, 2021-2031F (USD Million & Thousand Tons)
        2. Commercial, 2021-2031F (USD Million & Thousand Tons)
      4. By Country
        1. GCC, 2021-2031F (USD Million & Thousand Tons)
        2. Israel, 2021-2031F (USD Million & Thousand Tons)
        3. South Africa, 2021-2031F (USD Million & Thousand Tons)
        4. Rest of Middle East & Africa, 2021-2031F (USD Million & Thousand Tons)

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2031

Magnesium Hydroxide Flame Retardant Market size is estimated to reach USD 312.3 million by the end of 2031, growing at a CAGR of 4.18 % during the forecast period, i.e., 2022 – 2031. In the year 2021, the industry size of magnesium hydroxide flame retardant was around USD 208.5 million. The demand for magnesium hydroxide flame retardant is growing owing to the stringent government fire safety regulations worldwide. Magnesium hydroxide is recognized as a safe and effective flame retardant, and it meets the regulatory requirements for many industries. As a result, it is widely used in various applications, such as in building materials, electrical cables, and consumer electronics.

Moreover, with the growing population and industrialization, the discharge of wastewater and sewage is rapidly increasing. Owing to this, the growth of magnesium hydroxide flame retardant market is increasing, since adding magnesium hydroxide to wastewater, it can be utilized in various industries to prevent potential fires.


Magnesium Hydroxide Flame Retardant Market
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Magnesium Hydroxide Flame Retardant Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Construction Activities across the Globe – The construction industry is one of the largest consumers of magnesium hydroxide flame retardant. With the increasing urbanization and infrastructure development, the demand for flame retardant in construction materials, such as insulation, roofing, flooring, insulation, cables, and coatings to prevent fires. is expected to rise. For instance, according to the World Bank, value added by industry (including construction) was 26.63 trillion in 2021 which experienced an increase of 19.6% over 2020. Besides, according to the International Trade Administration, U.S. Department of Commerce, the construction industry value in Mexico was 72.89 USD Billions in 2020, 88.14 USD Billions in 2021, and 96.77 USD Billions in 2022.
  • Increasing Demand from the Electrical & Electronics IndustryMagnesium hydroxide is a popular flame retardant in electronic devices, such as computers, televisions, and smartphones. It can be integrated into circuit boards to avoid fires caused by overheating or electrical malfunction. With the increasing demand for such products, the demand for flame retardants is also expected to increase. In 2021, 533.6 million units of shipments were recorded across the globe which included watches, hearables, and other aides, which experienced an increase of 20% over 2020. Besides, according to the Invest India, domestic production of electronics is expected to reach USD 300 Bn by 2026. In India, in the Union Budget 2022-23, the government allocated USD 315 million for the promotion of Electronics and IT Hardware manufacturing.
  • Rising Production of Automobiles – The automotive industry is among the largest consumers of magnesium hydroxide flame retardant. It is used as a flame retardant in automotive parts such as dashboard components, seat cushions, and steering wheels. It is preferred over traditional flame retardants owing to its properties such as it does not emit harmful fumes when burned. For instance, according to the Society of Indian Automobile Manufacturers, the total automobile production was 22.6 million in 2020-21 and 22.9 million in 2021-22.

Challenges

  • Low Effectiveness of Magnesium Hydroxide– One of the major challenges in using magnesium hydroxide flame retardant is its low effectiveness compared to other flame retardants. Magnesium hydroxide is a physical flame retardant that works by releasing water vapor when exposed to heat, which cools the surrounding material and suppresses the combustion process. However, the mechanism is less effective than the chemical reactions that occur with other flame retardants, such as halogenated compounds. As a result, higher loading levels of magnesium hydroxide are required to achieve the same level of flame retardancy as other flame retardants. This can result in increased material costs, as well as potential performance and processing issues, such as reduced mechanical properties, increased viscosity, and reduced processing speeds.
  • Cost of Raw Materials
  • Availability of Alternatives

Magnesium Hydroxide Flame Retardant Market: Key Insights

Base Year

2021

Forecast Year

2022-2031

CAGR

4.2%

Base Year Market Size (2021)

USD 208.5 Million

Forecast Year Market Size (2031)

USD 312.3 Million

Regional Scope

  • North America (U.S., and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Netherlands, Rest of Europe)
  • Asia-Pacific (Japan, China, India, Singapore, South Korea, Australia, Rest of Asia-Pacific)
  • Latin America (Brazil, Argentina, Mexico, and Rest of Latin America)
  • Middle East & Africa (GCC, Israel, South Africa, and Rest of Middle East & Africa)
  • Rest of World (Middle East and Latin America)
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Magnesium Hydroxide Flame Retardants Segmentation

Type (Chemical Synthesis, Physical Smash)

The chemical synthesis segment in the magnesium hydroxide flame retardant market is estimated to gain a significant revenue share over the projected timeframe as it offers several advantages over physical methods. By the end of 2031, the chemical synthesis segment is anticipated to garner the largest revenue of USD 182.7 million. The segment is expected to grow at a CAGR of 4.5% during the forecast period. Chemical synthesis allows for better control over the purity and particle size of the magnesium hydroxide, which is critical for achieving optimal performance as a flame retardant. Additionally, it also allows for the production of surface-modified magnesium hydroxide, which can further enhance its flame-retardant properties. Surface modification can improve the compatibility between the magnesium hydroxide and the polymer matrix, reduce its impact on the physical and mechanical properties of the material, and improve its performance in harsh environments.

Application (Rubber & Plastic, Construction, Wire & Cables, Coating)

Magnesium hydroxide flame retardant market from the construction segment is estimated to gain a significant revenue share over the projected time frame due to its high efficiency, low cost, and non-toxicity. The segment is expected to grow at a CAGR of 4.6% during the forecast period. Magnesium hydroxide is used as a coating on building materials, such as wood, textiles, and paper to make them more fire-resistant. The coating prevents oxygen from reaching the material and limiting the speed of flames, thereby acting as a barrier. For instance, investment in total residential & nonresidential building construction, in Canada (in USD Billion) was 221 billion which experienced an increase of 19.5% over 2020. Besides, government investments in a plethora of public infrastructure projects such as Housing Projects, Smart Cities, and Connectivity Projects are likely to augment the growth of the construction industry, thereby will increase the demand for magnesium hydroxide flame retardant.

Our in-depth analysis of the global magnesium hydroxide flame retardant market includes the following segments:

  Type

  • Chemical Synthesis
  • Physical Smash

  Application

  • Rubber & Plastic
  • Construction
  • Wire & Cables
  • Coating

  End User

  • Industrial
  • Commercial

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Magnesium Hydroxide Flame Retardants Industry-Regional Synopsis

APAC Market Forecast

The Asia Pacific magnesium hydroxide flame retardant market is projected to surpass USD 166.4 million by the end of 2031. The segment is predicted to grow with the highest CAGR of 4.6% in the time frame of 2022-2031. The growth is due to the increasing population and urbanization across Asian countries. This has led to a surge in demand for housing, commercial buildings, and public infrastructure, all of which require fire-resistant materials. For instance, according to the World Bank, value added by industry (including construction) in East Asia & Pacific was 11.37 trillion in 2022 which experienced an increase of 3.1% over 2021. Moreover, increasing production of electronics in the region will propel the demand of magnesium hydroxide flame retardant. For instance, according to the Association of Southeast Asian Nations, among the total value of exports in the most countries of Asia, the electronics sector accounts for 20% to 50%.

North American Market Statistics

The North America magnesium hydroxide flame market shows promising CAGR growth with a revenue of USD 66 Million during the forecast period. The North America market for magnesium hydroxide flame retardant is growing faster due to regional regulatory requirements. North America has some of the most stringent regulations governing the use of flame retardants in building materials. According to the United States Environmental Protection Agency, the Toxic Substances Control Act (TSCA) restricts the use of some halogenated flame retardants in children's products in the United States and many other regulatory bodies namely the National Fire Protection Association (NFPA) has framed regulations for fire safety. Such regulations require manufacturers to use flame retardants that are environmentally friendly, safe, and effective.

Research Nester
Magnesium Hydroxide Flame Retardant Market Size
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Companies Dominating the Magnesium Hydroxide Flame Retardant Landscape

top-features-companies
    • ICL
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Martinswerk/Huber (Magnifin)
    • Kyowa Chemical Industry Co., Ltd.
    • Konoshima Chemical Co., Ltd
    • Europiren B.V.
    • Martin Marietta Specialties
    • Penoles Industries
    • Niknam Chemicals Private Limited
    • Xinyang Minerals Group
    • Tateho Chemical Industries Co., Ltd.
    • NikoMag
    • KMT Industrial (HK) Limited
    • Nuova Sima

In-the-news

In The News

  • The Huber Engineered Materials (HEM) completed the acquisition of MAGNIFIN Magnesiaprodukte GmbH & Co. KG, 50% ownership stake a joint venture. This acquisition will support to grow their halogen-free fire retardant and specialty material business globally.
  • CIJC NikoMag, a subsidiary of Nikohim Group Company, recently announced a boost in the production capacity of its magnesium hydroxide plant from 25,000 to 40,000 tonnes per year. 

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5181
  • Published Date: Aug 23, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing magnesium hydroxide application in building & construction materials and the use of magnesium hydroxide as a flame retardant in plastics are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 4.18 % over the forecast period, i.e., 2022 – 2031.

The major players in the market are ICL, Martinswerk/Huber (Magnifin), Kyowa Chemical Industry Co., Ltd., Konoshima Chemical Co., Ltd., Europiren B.V., Martin Marietta Specialties, Penoles Industries, Niknam Chemicals Private Limited, Xinyang Minerals Group, Tateho Chemical Industries Co., Ltd., NikoMag, KMT Industrial (HK) Limited, Nuova Sima.

The chemical synthesis segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.
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