Charts & StatsSep 2, 2026

Global Magnesium Hydroxide market [2016-2024] by Application

By Application, the market is segmented into Waste water treatment, Flame retardant, Pharmaceutical, Fuel additives, Food additive, Fertilizer, and Application_Others (2016-2024)

Author: Wantstats Research TeamSource: Wantstats Repository

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Global Magnesium Hydroxide market [2016-2024] by Application — full underlying data
Label	Waste water treatment	Flame retardant	Pharmaceutical	Fuel additives	Food additive	Fertilizer	Application_Others
2016	205.5 USD Mn	103.2 USD Mn	62.8 USD Mn	58.9 USD Mn	34.4 USD Mn	23.5 USD Mn	80.9 USD Mn
2017	215.8 USD Mn	108.5 USD Mn	65.6 USD Mn	61.4 USD Mn	35.8 USD Mn	24.4 USD Mn	84.6 USD Mn
2018	226.6 USD Mn	114 USD Mn	68.5 USD Mn	64 USD Mn	37.2 USD Mn	25.4 USD Mn	88.6 USD Mn
2019	238.6 USD Mn	120.1 USD Mn	71.8 USD Mn	66.9 USD Mn	38.8 USD Mn	26.4 USD Mn	93 USD Mn
2020	251.7 USD Mn	126.8 USD Mn	75.3 USD Mn	70.1 USD Mn	40.5 USD Mn	27.5 USD Mn	97.7 USD Mn
2021	265.7 USD Mn	134 USD Mn	79.1 USD Mn	73.5 USD Mn	42.3 USD Mn	28.7 USD Mn	102.9 USD Mn
2022	281.8 USD Mn	142.2 USD Mn	83.4 USD Mn	77.4 USD Mn	44.5 USD Mn	30.1 USD Mn	108.7 USD Mn
2023	298.9 USD Mn	150.9 USD Mn	88 USD Mn	81.5 USD Mn	46.7 USD Mn	31.6 USD Mn	114.9 USD Mn
2024	317.2 USD Mn	160.1 USD Mn	92.9 USD Mn	85.9 USD Mn	49.1 USD Mn	33.1 USD Mn	121.5 USD Mn

Data Source: Wantstats Repository

Market Dynamics

waste water treatment segment accounted for the largest market share in the magnesium hydroxide market, and is expected to reach USD 317.20 Million in 2024 from USD 215.80 Million in 2017. However, flame retardant segment is the fastest growing market, which is expected to grow at a CAGR of 5.82% 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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