Bio-lubricants Market End-use Industry, By Others
Global Magnesium Hydroxide market [2016-2024] by End-Use Industry
By End-Use Industry, the market is segmented into Effluent Treatment Chemicals, Construction, Rubber, Agriculture, Plastics, and Others (2016-2024)
| Label | Effluent Treatment Chemicals | Construction | Rubber | Agriculture | Plastics | Others |
|---|---|---|---|---|---|---|
| 2016 | 279.8 USD Mn | 38.7 USD Mn | 20.6 USD Mn | 23.4 USD Mn | 43.8 USD Mn | 162.9 USD Mn |
| 2017 | 293.9 USD Mn | 40.5 USD Mn | 21.5 USD Mn | 24.3 USD Mn | 45.9 USD Mn | 169.9 USD Mn |
| 2018 | 308.9 USD Mn | 42.4 USD Mn | 22.4 USD Mn | 25.3 USD Mn | 48.1 USD Mn | 177.2 USD Mn |
| 2019 | 325.3 USD Mn | 44.6 USD Mn | 23.5 USD Mn | 26.4 USD Mn | 50.6 USD Mn | 185.2 USD Mn |
| 2020 | 343.3 USD Mn | 46.9 USD Mn | 24.6 USD Mn | 27.5 USD Mn | 53.3 USD Mn | 194 USD Mn |
| 2021 | 362.7 USD Mn | 49.3 USD Mn | 25.8 USD Mn | 28.8 USD Mn | 56.2 USD Mn | 203.4 USD Mn |
| 2022 | 384.8 USD Mn | 52.1 USD Mn | 27.3 USD Mn | 30.2 USD Mn | 59.5 USD Mn | 214.1 USD Mn |
| 2023 | 408.4 USD Mn | 55.1 USD Mn | 28.7 USD Mn | 31.7 USD Mn | 63 USD Mn | 225.5 USD Mn |
| 2024 | 433.5 USD Mn | 58.3 USD Mn | 30.3 USD Mn | 33.3 USD Mn | 66.8 USD Mn | 237.5 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
effluent treatment chemicals segment accounted for the largest market share in the magnesium hydroxide market, and is expected to reach USD 433.50 Million in 2024 from USD 293.90 Million in 2017. However, effluent treatment chemicals segment is the fastest growing market, which is expected to grow at a CAGR of 5.81% 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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