Global Brucite Market By Grade Type (Food Grade, Technical Grade), By End-use (Flame Retardant, Pharmaceuticals, Electric Wire Insulation, Other End-Uses), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2020-2029

“Global Brucite Market” is the title of an upcoming report offered by Market.US. This comprehensive market research report on the brucite industry contains inputs, as well as information & data from both primary and secondary sources, that have been validated and verified by target market experts. Apart from critical data and other related information, the report also includes factors that could be or are potential restraints to market growth, present & future key trends, recourses that can be leveraged for potential market expansion in untapped regions or countries, as well as factors that are presently fueling growth in the brucite market. It also covers challenges or threats for new, as well as existing market entrants. The report presents a thorough study of revenues, key developments, strategies, historical data and information by major players that offer crucial perspectives/insights into various market scenarios. The global brucite market has been segmented on the basis of product type, end-use, as well as regions and countries.

The Global Brucite Market was valued at UЅD $539.2 Мn in 2020, and is projected to register а САGR of 5.9% over the next 10 years.

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Overview:

Brucite is the mineral form of magnesium hydroxide, with the chemical formula Mg(OH)2. It is a common alteration product of periclase in marble; a low-temperature hydrothermal vein mineral in metamorphosed limestone and chlorite schists; and formed during the serpentinization of dunites.

Dynamics:

Due to the low-cost price characteristic of this material, several end-use industries are leveraging brucite as an effective flame retardant. In several countries across there is gradual shift towards fossil fuel-based power plants and this is also expected to fuel the revenue growth of the global brucite market in the foreseeable future.

Owing to robust industrialization, especially in emerging economies, there has been a steady increase in the demand for brucite due properties such as high thermal conductivity, low electrical conductivity, etc. This is slated to have a positive impact on the revenue growth of this global market over the next 10 years.

The strict enforcement of regulations concerning the use of magnesium hydroxide in the food industry, as it can cause numerous side-effects such as skin rashes, loss of appetite, allergic reactions, itching, etc. This may negatively impact the revenue growth of the global brucite market over the forecast period.

Furthermore, in light of the recent COVID-19 outbreak, manufacturing and supply-chain operations of key industry players have either been temporarily halted or are functioning with a minimal workforce. This is a factor that is expected to have a profound impact on the growth of this market in the coming years.

However, increasing investments by key industry players towards the effective production and storage of magnesium hydroxide is set to foster market growth for this global industry in the following years.

Segmentation of the global brucite market is as follows:

On the basis of grade type, the technical grade segment accounted for the highest number of revenue shares of the global brucite market in 2020, and is slated to index the highest CAGR over the next 10 years. The food grade segment also accounted for considerable revenue shares of this global market in 2020, and is anticipated to continue to do so over the forecast period.

In terms of end-use, the flame retardant segment accounted for the majority revenue shares of the global brucite market in 2020, and is slated to register the highest CAGR, with an attractiveness index of 4.9, over the next 10 years. The pharmaceutical end-use segment accounted for the second-most revenue shares of this global market in 2020, and is also anticipated to expand at a considerable rate of revenue growth over the next 10 years.

Regional Segmentation and Analysis:

The Asia Pacific region accounted for the majority revenue shares of the global brucite market in 2020, and is anticipated to index the highest CAGR over the next decade. The markets in Europe and North America accounted for the second and third-most number of revenue shares of this global market in 2020, and is indicative of continuing to do so over the next decade.

Segmentation of the Global Brucite Market:

Segmentation by Grade Type:

• Food Grade
• Technical Grade

Segmentation by End-Use:

• Flame Retardant
• Pharmaceuticals
• Electric Wire Insulation
• Other End-Uses (environmental protection, pulp and paper, water treatment)

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

 Key players profiled in the market report are:

• Martin Marietta Materials Inc.
• M. Huber Corporation
• LEHVOSS Corporate Group (Lehmann & Voss & Co.)
• Konoshima Chemical Co. Ltd.
• Nedmag B.V.
• Premier Magnesia LLC.
• Dandong Xinyang Mineral Co. Ltd.
• Tateho Chemical Industries Co. Ltd.
• Garrison Minerals LLC.
• Russian Mining Chemical Company
• Dandong Yongfeng Minerals Co. Ltd.
• Kyowa Chemical Industry Co. Ltd.
• Dandong Yongxing Mining Co. Ltd.

For the Brucite Market research study, the following years have been considered to estimate the market size: