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Magnesium Hydroxide Flame Retardant Market Trends

  • 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)

Magnesium Hydroxide Flame Retardant Market Trends

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 Industry– Magnesium 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)
Browse Key Market Insights with Data Illustration:

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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