Udeesha Tomar
AVP - Strategy and Solutions
Leading procurement research solutions across chemicals, materials, and food & beverages, with expertise in price forecasting and market analytics.
Magnesium Hydroxide Price Trend Analysis 2026: Market Insights, Price Drivers, Supply Demand Analysis, Historical Prices & Latest News
Written ByUdeesha Tomar
Magnesium Hydroxide Price Trend Q1 2024
Asia
In the Asian markets, magnesium hydroxide prices experienced fluctuations, mostly trending downward during the first quarter of 2024. The Chinese New Year holidays significantly reduced operational days for factories and filtration units, leading to decreased supply for both domestic and international markets. Additionally, disrupted supply chains due to various disturbances prolonged transportation times along many global trade routes.
The metal and fertilizer industries were also experiencing a slowdown, curbing downstream demand for magnesium hydroxide. The rising energy and processing costs forced manufacturers to reconsider production volumes as existing stocks couldn't be sold favorably. Further, many plants planned maintenance closures, resulting in subdued market sentiments for magnesium hydroxide in Asia.
Europe
The European market for magnesium hydroxide mirrored the low pricing trend seen in Asia. Trade sentiments were weak, and sluggishness in downstream sectors influenced upstream outlooks. Delayed shipments from exporting countries and port congestion exacerbated the situation. Pirate threats further complicated ocean freight logistics, prompting shipping companies to limit their sailing vessels and causing significant shipment delays. Overall, the market performance for magnesium hydroxide in Europe was gloomy.
North America
Reflecting the trends in Asia and Europe, magnesium hydroxide prices remained on a downward trajectory in North America. Weak downstream procurement, especially from the food, pharmaceutical, and agriculture industries amidst high inflation, led to overstocked inventories in the region. Domestic trade for magnesium hydroxide was unsupportive, and international trade faced restrictions due to logistical challenges in the shipping industry. Rising crude oil prices also dampened manufacturers' sentiments throughout the period. Consequently, the price trend for magnesium hydroxide oscillated within narrow margins.
Analyst Insight
According to Procurement Resource, the price trend of Magnesium Hydroxide is estimated to fluctuate under the influence of limited growth of downstream industries and rise in the number of alternatives.
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About Magnesium Hydroxide
Magnesium hydroxide is obtained through the precipitation of magnesium salts with alkali hydroxides. The salt is white, amorphous, and odorless with low solubility in water. It is known for its role as a flame retardant and smoke suppressant in industries like plastics, rubber, and textiles, offering a non-toxic and environmentally friendly alternative to traditional halogenated flame retardants.
Magnesium hydroxide also serves as an alkali agent in wastewater treatment processes, where it neutralizes acids and adjusts pH levels effectively. In pharmaceuticals, it acts as a mild laxative and antacid, providing relief from digestive discomforts such as heartburn and indigestion. Its properties make it suitable for various industrial and medicinal applications.
Magnesium Hydroxide Product Detail
Hs Code
28161010
Chemical Formula
Mg(OH)2
Cas Number
1309-42-8
Molecular Weight
58.3 g/mol
Industrial Uses
Flame Retardant, Automotive Production, Wastewater Treatment, Antacid
Supplier Database
Martin Marietta Materials Ltd, Tateho Chemical Industries Co Ltd, Nedmag B.V., Xinyang Mineral Group, Osian Marine Pvt Ltd, Timab Magnesium SAS, Premier Magnesia LLC
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
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