Magnesium Hydroxide Market Is Expected to Increase at a CAGR of 5.8% During 2016 – 2026
Global demand for magnesium hydroxide will grow by 4.6% in 2016 to reach 943,304 metric tonnes. China – the largest producer, consumer, and exporter of magnesium hydroxide – will maintain its numero uno position as the market leader, with total revenues expected to reach US$ 143.4 Mn, up from US$ 133 Mn in 2015. Environmental uses, including wastewater treatment and flue gas desulphurisation – will continue to spur demand in 2016, representing 47.1% share of total revenues.
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