Magnesium is a naturally occurring mineral that is essential for the effective functioning of different body systems. Magnesium hydroxide is the precipitation of magnesium salts with potassium, sodium or ammonium hydroxide. Magnesium hydroxide has a milk like appearance, due to which it is also known as milk of magnesia. To provide market participants active in the magnesium hydroxide market new open entryways, an unmatched reaction for security execution is necessary. Mechanical movements are used to carry magnesium hydroxide across vast distances, and it is typically low in ionic contaminations. There is combination of electrical barriers and thermal conductivity in combined magnesia.
Market Dynamics
Global magnesium hydroxide market has witnessed growth in terms of revenue in recent past years, owing to increasing demand for magnesium hydroxide form healthcare pharmaceutical industry. Magnesium hydroxide is also used during desulfurization process in the thermal power plants. Increasing application of magnesium hydroxide in various end- use industries is expected to drive the market growth in the near future.
Among region, Asia Pacific accounted for a substantial market share in terms of revenue in 2022, and is also expected to witness the fastest growth in next few years. Growing pharmaceutical industry increases demand for magnesium hydroxide in the emerging economies, and this is is expected to drive the market growth in the near future.
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