Magnesium Silico Fluoride Market Size

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.