Bio-lubricants Market End-use Industry, By Others
Global Magnesium Hydroxide market [2016-2024] by Middle East and Africa
By Middle East and Africa, the market is segmented into Middle East and Africa, South Africa, Rest of Middle East and Africa, Turkey, Israel, Saudi Arabia, uae, and Egypt (2016-2024)
| Label | Middle East and Africa | South Africa | Rest of Middle East and Africa | Turkey | Israel | Saudi Arabia | uae | Egypt |
|---|---|---|---|---|---|---|---|---|
| 2016 | 34.1 USD Mn | 4.1 USD Mn | 3.1 USD Mn | 13.3 USD Mn | 3 USD Mn | 4.2 USD Mn | 2.9 USD Mn | 3.4 USD Mn |
| 2017 | 35.8 USD Mn | 4.3 USD Mn | 3.3 USD Mn | 14.1 USD Mn | 3.2 USD Mn | 4.5 USD Mn | 3 USD Mn | 3.5 USD Mn |
| 2018 | 37.6 USD Mn | 4.5 USD Mn | 3.4 USD Mn | 14.8 USD Mn | 3.3 USD Mn | 4.7 USD Mn | 3.1 USD Mn | 3.7 USD Mn |
| 2019 | 39.5 USD Mn | 4.7 USD Mn | 3.5 USD Mn | 15.7 USD Mn | 3.5 USD Mn | 5 USD Mn | 3.3 USD Mn | 3.8 USD Mn |
| 2020 | 41.7 USD Mn | 4.9 USD Mn | 3.7 USD Mn | 16.7 USD Mn | 3.7 USD Mn | 5.3 USD Mn | 3.5 USD Mn | 4 USD Mn |
| 2021 | 44 USD Mn | 5.1 USD Mn | 3.9 USD Mn | 17.7 USD Mn | 3.9 USD Mn | 5.6 USD Mn | 3.7 USD Mn | 4.2 USD Mn |
| 2022 | 46.7 USD Mn | 5.4 USD Mn | 4 USD Mn | 18.8 USD Mn | 4.1 USD Mn | 5.9 USD Mn | 3.9 USD Mn | 4.4 USD Mn |
| 2023 | 49.5 USD Mn | 5.7 USD Mn | 4.2 USD Mn | 20.1 USD Mn | 4.4 USD Mn | 6.3 USD Mn | 4.1 USD Mn | 4.7 USD Mn |
| 2024 | 52.5 USD Mn | 6 USD Mn | 4.5 USD Mn | 21.4 USD Mn | 4.7 USD Mn | 6.7 USD Mn | 4.3 USD Mn | 4.9 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Turkey accounted for the largest market share in 2017 in the Middle East and Africa magnesium hydroxide market, and is expected to reach USD 21.40 Million in 2024 from USD 14.10 Million in 2017.This market is projected to grow at a CAGR of 6.34% during the forecast period from 2018 - 2024. waste water treatment segment accounted for the largest market share in 2017, this market is expected to reach USD 19.10 Million in 2024 from USD 12.80 Million in 2017. This market is projected to grow at a CAGR of 6.09% 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 6.20% 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 26.70 Million in 2024 from USD 17.80 Million in 2017. This market is projected to grow at a CAGR of 6.12% 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 6.12% 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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