The Latin America, Middle East and Africa Magnesium Hydroxide Market would witness market growth of 6.1% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 485.5 hundred tonnes, showcasing a growth of 6.8% (2023-2030).
Economic conditions and industrial growth are pivotal in the market. Factors such as GDP growth, infrastructure development, and manufacturing activities influence the consumption patterns of this compound in diverse applications. Advances in manufacturing processes and technology contribute to the market's growth by improving the efficiency of this compound’s production. Innovation in developing new formulations, such as nano-sized particles, enhances the performance characteristics of this compound in various applications.
The mineral brucite naturally contains this compound. It is found in antacids such as milk of magnesia. This compound’s characteristics are superior adsorption, high activity, non-cohesive, non-precipitating, exceptional fluidity, and simple pumping, storing, using, and modifying. As a result, this compound is used for various purposes, such as water treatment, food additives, flame retardants, and others. Expansion of wastewater treatment facilities is expected to drive the market growth.
Like many countries, the UAE places importance on maintaining high air quality standards. Implementing flue-gas desulphurisation (FGD) systems helps mitigate the environmental impact of industrial emissions, contributing to better air quality. The UAE has witnessed significant growth in power generation and industrial sectors. As the demand for electricity and industrial products increases, the need for FGD technologies to reduce sulfur emissions from power plants and industrial facilities becomes more pronounced. The UAE has been funding clean energy and sustainable practices. As part of these initiatives, there may be a focus on lowering the ecological impact of conventional energy sources, which can involve implementing FGD systems. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The Brazil market dominated the LAMEA Magnesium Hydroxide Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $22,989.1 Thousands by 2030. The Argentina market is showcasing a CAGR of 7.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 5.7% during (2023 - 2030).
Free Valuable Insights: The Worldwide Magnesium Hydroxide Market is Projected to reach USD 909.2 Million by 2030, at a CAGR of 5.4%
Based on Form, the market is segmented into Slurry, Powder, and Others. Based on Application, the market is segmented into Wastewater Treatment, Flue-Gas Desulphurisation, Flame Retardant, Pharmaceutical, Food Additive, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Form (Volume, Hundred Tonnes, USD Million, 2019-2030)
By Application (Volume, Hundred Tonnes, USD Million, 2019-2030)
By Country (Volume, Hundred Tonnes, USD Million, 2019-2030)
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