As per the research report by Report Cube, the Global Magnesium Hydroxide Market is estimated to grow at a CAGR of about 5% during the forecast period, 2024-32.
There are significant business prospects associated with the rising usage of magnesium hydroxide in coral reef systems to control pH levels & promote the growth of aquatic life. Its deployment to stop undesirable smells in wastewater treatment facilities & sewage systems is increasing owing to its capacity to neutralize aromas. Also, magnesium hydroxide is typically used in chemical processing plants, the meat processing industry, bakeries, etc., in anaerobic & aerobic biological treatment systems. The filter cake creates de-water more quickly than lime or caustic soda & is widely utilized to treat acidic wastewater that contains heavy metals. The market is predicted to be significantly driven by the increasing requirement for substances in several industries, including flame retardancy, environmental protection, and pharmaceuticals.