Magnesium Silico Fluoride Market size is anticipated to growing at more than 4.8% CAGR during the forecast period i.e., between 2024-2036. Magnesium silico fluoride is chemically written as MgSiF6-6H2O. The growth of the market can be attributed to the increasing application as a concrete hardener, laundry sour, and as a waterproofing material in the construction industry. The growing demand for magnesium silico fluoride in the construction for waterproofing the foundation, is estimated to boost the market growth. Moreover, the growing construction activities across the globe, is also expected to boost the market growth. For instance, construction industry expenditure grew from USD 12 trillion in 2019, to close to USD 13 trillion in 2021. Along with this, magnesium silico fluoride is also used extensively in the textile industry, as moth repellant, which is projected to boost the magnesium silico fluoride market growth.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024–2036 |
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CAGR |
4.8% |
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Regional Scope |
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The market is segmented by application into water repellant, rubber latex coagulant, concrete reinforcing agent, concrete retarding agent, and others. Out of these, the water repellant segment is anticipated to hold a substantial share in the global magnesium silico fluoride market over the forecast period on account of increasing demand of waterproofing roofs and foundations during construction. Moreover, stringent government norms for construction standards is further forecasted to boost the market growth.
Our in-depth analysis of the global market includes the following segments:
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By Application |
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By End-User |
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On the basis of geographical analysis, the global magnesium silico fluoride market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific industry is likely to account for largest revenue share by 2036, attributed to presence of large chemical industry in the region, along with construction activities in the developing countries. For instance, the construction industry in China amounted to USD 1,050 billion in 2020. Apart from this, the growing demand for magnesium silico fluoride in the textile industry is anticipated to boost the market growth. On the other hand, the market in the North America region is anticipated to gain the notable market share throughout the forecast period owing to the rising construction activities in the region.
February, 2022: Arkema announced the acquisition of Ashland’s Performance Adhesives business, a leader in high performance adhesives in the United States.
July, 2021: Holcim Ltd. launched a range of green concrete, which has at least 30% lower carbon footprint with equal to superior performance
Author Credits: Rajrani Baghel
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