Bio-lubricants Market End-use Industry, By Others
Global Magnesium Hydroxide market [2016-2024] by Asia Pacific
By Asia Pacific, the market is segmented into Asia Pacific, China, Indonesia, India, Japan, South Korea, Rest of Asia Pacific, and Australia and New Zealand (2016-2024)
| Label | Asia Pacific | China | Indonesia | India | Japan | South Korea | Rest of Asia Pacific | Australia and New Zealand |
|---|---|---|---|---|---|---|---|---|
| 2016 | 217.3 USD Mn | 95.4 USD Mn | 10.9 USD Mn | 23.7 USD Mn | 30.5 USD Mn | 17.4 USD Mn | 26.2 USD Mn | 13.1 USD Mn |
| 2017 | 229.2 USD Mn | 100.8 USD Mn | 11.5 USD Mn | 25.2 USD Mn | 32.1 USD Mn | 18.3 USD Mn | 27.5 USD Mn | 13.7 USD Mn |
| 2018 | 241.8 USD Mn | 106.6 USD Mn | 12.1 USD Mn | 26.8 USD Mn | 33.7 USD Mn | 19.3 USD Mn | 28.8 USD Mn | 14.5 USD Mn |
| 2019 | 255.7 USD Mn | 113 USD Mn | 12.7 USD Mn | 28.5 USD Mn | 35.5 USD Mn | 20.3 USD Mn | 30.3 USD Mn | 15.3 USD Mn |
| 2020 | 270.9 USD Mn | 120 USD Mn | 13.5 USD Mn | 30.4 USD Mn | 37.5 USD Mn | 21.5 USD Mn | 31.9 USD Mn | 16.2 USD Mn |
| 2021 | 287.2 USD Mn | 127.5 USD Mn | 14.3 USD Mn | 32.4 USD Mn | 39.6 USD Mn | 22.7 USD Mn | 33.6 USD Mn | 17.2 USD Mn |
| 2022 | 305.9 USD Mn | 136 USD Mn | 15.2 USD Mn | 34.8 USD Mn | 42 USD Mn | 24.1 USD Mn | 35.6 USD Mn | 18.3 USD Mn |
| 2023 | 325.8 USD Mn | 145.2 USD Mn | 16.1 USD Mn | 37.3 USD Mn | 44.5 USD Mn | 25.6 USD Mn | 37.6 USD Mn | 19.4 USD Mn |
| 2024 | 347.1 USD Mn | 155 USD Mn | 17.1 USD Mn | 40 USD Mn | 47.3 USD Mn | 27.2 USD Mn | 39.9 USD Mn | 20.7 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
China accounted for the largest market share in 2017 in the Asia Pacific magnesium hydroxide market, and is expected to reach USD 155.00 Million in 2024 from USD 100.80 Million in 2017. However, India is the fastest growing market, which is expected to grow at a CAGR of 6.90% during the forecast period 2018 - 2024. waste water treatment segment accounted for the largest market share in 2017, this market is expected to reach USD 126.40 Million in 2024 from USD 81.90 Million in 2017. This market is projected to grow at a CAGR of 6.48% during the forecast period from 2018 - 2024. However, flame retardant segment is the fastest growing market, which is expected to grow at a CAGR of 6.65% during the forecast period 2018 - 2024. effluent treatment chemicals segment accounted for the largest market share in 2017, this market is expected to reach USD 175.10 Million in 2024 from USD 113.00 Million in 2017. This market is projected to grow at a CAGR of 6.56% during the forecast period from 2018 - 2024. However, effluent treatment chemicals segment is the fastest growing market, which is expected to grow at a CAGR of 6.56% during the forecast period 2018 - 2024.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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