Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Magnesium Silico Fluoride Market size is anticipated to growing at more than 4.8% CAGR during the forecast period i.e., between 2025-2037.
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.
Magnesium Silico Fluoride Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Demand for Water Repellant in Construction Sector
- Surge in the Application in Textile Industry
Challenges
- Strong Irritant to Skin if Sprayed Directly
Magnesium Silico Fluoride Market: Key Insights
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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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Magnesium Silico Fluoride Segmentation
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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Customize this ReportMagnesium Silico Fluoride Industry - Regional Synopsis
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. Asia Pacific industry is estimated to account for largest revenue share by 2037, 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.
Companies Dominating the Magnesium Silico Fluoride Landscape
- Holcim Ltd.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Hindustan Chemical Corporation
- Kureha Corporation
- Gujarat Fluorochemicals Limited
- Arkema S.A.
- AGC Inc.
- Compagnie de Saint-Gobain S.A.
- Solvay S.A.
- Fengyuan Group
- BASF SE
In the News
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February, 2022: Arkema announced the acquisition of Ashland’s Performance Adhesives business, a leader in high performance adhesives in the United States.
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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
- Report ID: 4023
- Published Date: Dec 26, 2024
- Report Format: PDF, PPT
