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Magnesium Hydroxide Market Size to Expand Exponentially by Rapid Flue Gas Desulfurization
As of 2018, the Magnesium Hydroxide Market size was evaluated at around $1.12 billion, and it is expected to escalate further at a CAGR of 4.1% over the forecast period 2019-2025.


IndustryARC
BriefingWire.com, 12/03/2019 - Research and development are constantly done to bring innovation and let the world overcome the current peril of chronic problems. The one chemical that is making a breakthrough in almost all the sectors such as pharmaceutical, food and beverages, industrialization, and others is magnesium hydroxide. Thus, the magnesium hydroxide market is going to grow in the upcoming years. Magnesium hydroxide had already overthrown caustic soda as a better alternative for alkalinity adjustment, and now, by the recent discovery, it is set to make its mark in the maritime industry.

As of 2018, the Magnesium Hydroxide Market size was evaluated at around $1.12 billion, and it is expected to escalate further at a CAGR of 4.1% over the forecast period 2019-2025.

Browse Magnesium Hydroxide Market Report Link:

www.industryarc.com/Research/Magnesium-Hydroxide-Market-Research-504404

Magnesium Hydroxide Market Trends & Growth Drivers:

Magnesium hydroxide is marketed for several medical uses and is generally recognized as safe by the FDA. Constant R&D is being done on its development, and it has generated around 7,981 number of patents in the last 5 years. The growing concern for dyspepsia, inclination towards frozen desserts and expanding pulp & paper, and fuel additive industries are attributing to the direct expansion of the global magnesium hydroxide market scope.

Magnesium Hydroxide Market: Competitive Landscape

The principal business leaders who are currently holding maximum magnesium hydroxide market shares in the world and are focusing on the expansion of their manufacturing capacity to gain an edge over other market players are Kyowa Chemical Industry Co. Ltd., Konoshima Chemical, Akzo Nobel N.V., Albemarle Corporation, Almatis GmbH, BASF SE, Chemtura Corporation, China Minmetals Non-ferrous Metals Co. Ltd., Cyber Industries Inc., Israel Chemicals Ltd., and others.

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www.industryarc.com/support.php?id=504404

About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

 
 
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