Global Magnesium Hydroxide Flame Retardant Market TOC
Magnesium Hydroxide Flame Retardant Market size was over USD 224.55 Million in 2023 and is projected to exceed USD 383.35 Million by the end of 2036, witnessing over 4.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of magnesium hydroxide flame retardant is evaluated at USD 233.04 Million. The demand for magnesium hydroxide flame retardant is growing owing to the stringent government fire safety regulations worldwide. Magnesium hydroxide is recognized as a safe and effective flame retardant, and it meets the regulatory requirements for many industries. As a result, it is widely used in various applications, such as in building materials, electrical cables, and consumer electronics.
Moreover, with the growing population and industrialization, the discharge of wastewater and sewage is rapidly increasing. Owing to this, the growth of magnesium hydroxide flame retardant market is increasing, since adding magnesium hydroxide to wastewater, it can be utilized in various industries to prevent potential fires.
Author Credits: Rajrani Baghel
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