Industrial Grade Magnesium Hydroxide Market size was valued at USD 580 Million in 2024 and is projected to reach USD 1.1 Billion by 2033, exhibiting a CAGR of 7.5% from 2026 to 2033.
The industrial grade magnesium hydroxide market in South Korea is experiencing significant growth, driven by its expanding industrial sectors and stringent environmental regulations. This compound is increasingly utilized across various industries due to its versatile applications and eco-friendly properties. **Key Applications and Industry Requirements** - **Environmental Protection**: Magnesium hydroxide is extensively used in wastewater treatment processes. Its alkaline nature allows it to neutralize acidic waste streams effectively, aiding industries in meeting environmental standards. Additionally, it assists in removing heavy metals and impurities, ensuring cleaner effluent discharges. citeturn0search0 - **Flame Retardancy**: In the manufacturing of plastics, roofing materials, and coatings, magnesium hydroxide serves as a flame retardant. Upon exposure to high temperatures, it releases water vapor, which suppresses flames and reduces fire hazards. This property is particularly valued in the production of fire-resistant materials for construction and electrical applications. citeturn0search0 - **Pharmaceutical Applications**: The pharmaceutical industry utilizes high-purity magnesium hydroxide as an active ingredient in antacids and laxatives, addressing conditions like indigestion and heartburn. citeturn0search3 **Market Trends and Growth Projections** The demand for industrial grade magnesium hydroxide in South Korea is projected to grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2034. This surge is attributed to the country's focus on environmental sustainability and the increasing adoption of eco-friendly materials in manufacturing processes. Notably, local companies such as POSCO and Korea Zinc are integrating magnesium hydroxide into their operations, particularly for wastewater treatment and as a flame retardant in various products. citeturn0search2 **Product Forms and Purity Levels** Magnesium hydroxide is available in various forms, including slurry, powder, and fine particles, catering to different industrial needs. The choice of form depends on the specific application requirements, such as ease of handling, dispersion, and reactivity. Purity levels typically range from 90% to 100%, with higher purities preferred in pharmaceutical and specialized industrial applications. citeturn0search3 **Export Dynamics** South Korea also plays a role in the global magnesium hydroxide market through exports. Between March 2023 and February 2024, the country exported magnesium hydroxide to several nations, with Mexico, the United States, and Vietnam being the top importers, collectively accounting for 91% of South Korea's total exports in this category. citeturn0search7 **Conclusion** The industrial grade magnesium hydroxide market in South Korea is poised for continued expansion, driven by its critical applications in environmental protection, fire safety, and pharmaceuticals. As industries increasingly prioritize sustainability and regulatory compliance, the demand for this versatile compound is expected to rise, reinforcing its significance in the industrial landscape.
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Ube Materials
Martin Marietta
Kyowa Chemical
Albemarle
RHI Group
ICL
Russian Mining Chemical
Nedmag
Spi Pharma
Huber
Xinyang Minerals
Weifang Yuandong
Yantai FR Flame Technology
Qinghai West Magnesium
ShanDong LuHua chemical
Lianyungang Nippo Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Industrial Grade Magnesium Hydroxide Market
Water Treatment
Flue Gas Treatment
Pulp and Paper Industry
Food and Beverage Processing
Pharmaceuticals
Inorganic Chemicals
Organic Chemicals
Powder
Granules
Slurry
High Purity Grade (≥ 99%)
Technical Grade (90%-98%)
Industrial Grade (< 90%)
Direct Sales
Distributors and Wholesalers
Online Sales
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Industrial Grade Magnesium Hydroxide Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Industrial Grade Magnesium Hydroxide Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Industrial Grade Magnesium Hydroxide Market, By Type
6. South Korea Industrial Grade Magnesium Hydroxide Market, By Application
7. South Korea Industrial Grade Magnesium Hydroxide Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Industrial Grade Magnesium Hydroxide Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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