The European magnesium hydroxide market is driven by the increasing demand for magnesium hydroxide in various applications, such as pharmaceuticals, flame retardants, food & beverages, and industrial coatings.
Pharmaceuticals is the largest application segment of the European magnesium hydroxide market, accounting for a share of over 30% in 2022. Magnesium hydroxide is used in pharmaceuticals as an antacid, laxative, and dietary supplement. It is also used in the production of effervescent tablets and capsules.
Flame retardants is another major application segment of the market, accounting for a share of over 20% in 2022. Magnesium hydroxide is used in flame retardants to reduce the flammability of plastics, textiles, and other materials. It is also used in the production of fire-resistant coatings.
Food & beverages is a growing application segment of the market, accounting for a share of over 15% in 2022. Magnesium hydroxide is used in food & beverages as a thickener, stabilizer, and bulking agent. It is also used in the production of chewing gum and candy.
Industrial coatings is a promising application segment of the market, accounting for a share of over 10% in 2022. Magnesium hydroxide is used in industrial coatings to improve the fire resistance, heat resistance, and wear resistance of the coatings. It is also used in the production of anti-corrosive coatings.
The growth of the European magnesium hydroxide market is being driven by a number of factors, including:
- Increasing demand for magnesium hydroxide in various applications
- Rising awareness about the health benefits of magnesium
- Growing demand for flame retardants
- Expansion of the food & beverage industry
- Increasing demand for industrial coatings
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