Bio-lubricants Market End-use Industry, By Others
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)
| 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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Global Magnesium Hydroxide market [2016-2024] by Application



