Global Magnesium Hydroxide Flame Retardant Market TOC
Magnesium Hydroxide Flame Retardant Market size was over USD 234.21 million in 2024 and is poised to exceed USD 404.86 million by 2037, growing at over 4.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of magnesium hydroxide flame retardant is evaluated at USD 250.6 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
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?