Brucite Market: By Product Type By Application and Geography  

Brucite Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Ball Type, Block Type, Fiber Type) By Application (Flame Retardant, Paper Packing, Arts and Crafts, Refractory) and Region  

Brucite Market size was valued at US$ 673.2 million in 2023 and is poised to grow at a CAGR of 4.8% from (2024-2030). Brucite is the mineral deposit of magnesium hydroxide, with the chemical formula Mg(OH)2. Brucite not only used a mineral specimen and is used as an additive in particular refractories. Brucite is frequently found as a part of the chemical structure of other minerals. The physical chattels of brucite are its lusty, transparent crystals, gets related with other minerals, pliable, ion elastic nature and it may be white or colorless with shades of grey, blue, and green.

Furthermore, it is a recurrent alteration product of periclase in marble. The key drivers of brucite market includes its Ubiquitous use as a flame radiant in various industries, rising demand in environmental applications due to its alkalinity and it role as a grist in fabrication of magnesium based compounds. additionally, rising awareness of sustainable and eco-friendly alternatives in industries sequentially contribute the brucite market growth in the forecast period.

Brucite Market Recent Key Developments:

  • In July 2021, CJSC NikoMag, a collaborator of the Nikokhim group, is drafting to rise the magnesium hydroxide plant fabrication capacity from 25,000 to 40,000 tons’ year on year.

Brucite Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.8%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Brucite Market Dynamics

The growth of the construction industry is driving the demand for brucite, which is used in various applications such as flame retardants and refractories coupled with the rising adoption of sustainable materials in various industries. The potential health benefits associated with magnesium compounds, which include brucite, are also contributing to the market’s growth. Additionally, the diversification of industrial sector across the world is likely to bolster the stipulation for Brucite to offer wastewater treatment and boosts the performance and efficiency of industrial processes, which in turn drive the brucite market in the forecast period. For instance, the proclamation of vision 2030, collaborated with the National Transformation Plan (NTP), and raised investments in various sectors, including education and health care in Saudi Arabia, are likely to propel the stipulation for brucite market over the forecast period Moreover, rise in R&D activities for the launch of newer molecules also burgeon the growth of Brucite market in the future years. There are several factors anticipated to create significant opportunities to the industry such as robust industrialization, especially in emerging economies, robust industrialization is leading to an increase in the demand for brucite due to properties such as high thermal conductivity and low electrical conductivity and increasing demand for flame retardants coupled with rising economic development and globalization.

Brucite Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 673.2 million

Market CAGR

4.8%

By Product Type

  • Ball Type
  • Block Type
  • Fiber Type

By Application

  • Flame
  • Retardant
  • Paper packing
  • Art and Crafts
  • Refractory

By Region

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Key Features of the Report

  • The brucite market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
  • The report covers the in-detail insights about the competitor’s overview, company share analysis, key market developments and their key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report track recent innovations, key developments and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory frame work and reimbursement scenario.

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Frequently Asked Questions

The global brucite market size was valued at US$ 673.2 million in 2023 and is projected to grow at a CAGR of 4.8% from 2024 to 2030

Garrison Minerals, Brucite, Russian Mining Chemical Company, Premier Magnesia, LLC, QMAG Pty Limited, Refratechnik, GRECIAN MAGNESITE, and Ganmag Magnesite Solutions.

Historic years considered for the market study are 2019 through 2023, 2023 is considered as the base year for market estimation and ten years forecast presented from 2024– 2030.

Author image

Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

1. Executive Summary
2. Global Brucite Market Introduction
2.1. Global Brucite Market Taxonomy
2.2. Global Brucite Market Definitions
2.2.1. By Product Type
2.2.2. By Application
2.2.3. By Region
3. Global Brucite Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Brucite Market Dynamic Factors - Impact Analysis
3.6. Global Brucite Market Competition Landscape
4. Global Brucite Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Brucite Market, By Product Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) 
5.1. Ball Type
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Block Type
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Fiber Type
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Brucite Market, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) 
6.1. Flame Retardant
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Paper Packing
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Arts and Crafts
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Refractory
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Others
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. Global Brucite Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) 
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Brucite Market - Opportunity Analysis Index, By Product Type, Application, and Region, 2024 - 2030
8. North America Brucite Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) 
8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Ball Type
8.1.2. Block Type
8.1.3. Fiber Type
8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.2.1. Flame Retardant
8.2.2. Paper Packing
8.2.3. Arts and Crafts
8.2.4. Refractory
8.2.5. Others
8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America Brucite Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2024 - 2030
8.5. North America Brucite Market Dynamics Trends
9. Europe Brucite Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) 
9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Ball Type
9.1.2. Block Type
9.1.3. Fiber Type
9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Flame Retardant
9.2.2. Paper Packing
9.2.3. Arts and Crafts
9.2.4. Refractory
9.2.5. Others
9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Russia
9.3.7. Rest of Europe
9.4. Europe Brucite Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2024 - 2030
9.5. Europe Brucite Market Dynamics Trends
10. Asia-Pacific Brucite Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) 
10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Ball Type
10.1.2. Block Type
10.1.3. Fiber Type
10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Flame Retardant
10.2.2. Paper Packing
10.2.3. Arts and Crafts
10.2.4. Refractory
10.2.5. Others
10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. China
10.3.2. India
10.3.3. Japan
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific Brucite Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2024 - 2030
10.5. Asia-Pacific Brucite Market Dynamics Trends
11. Latin America Brucite Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) 
11.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Ball Type
11.1.2. Block Type
11.1.3. Fiber Type
11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Flame Retardant
11.2.2. Paper Packing
11.2.3. Arts and Crafts
11.2.4. Refractory
11.2.5. Others
11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Argentina
11.3.4. Rest of Latin America
11.4. Latin America Brucite Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2024 - 2030
11.5. Latin America Brucite Market Dynamics Trends
12. Middle East and Africa Brucite Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, 000 MT) 
12.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Ball Type
12.1.2. Block Type
12.1.3. Fiber Type
12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Flame Retardant
12.2.2. Paper Packing
12.2.3. Arts and Crafts
12.2.4. Refractory
12.2.5. Others
12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. Israel
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA Brucite Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2024 - 2030
12.5. MEA Brucite Market Dynamics Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Product Type Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Garrison Minerals
13.2.2. Brucite+
13.2.3. Russian Mining Chemical Company
13.2.4. Premier Magnesia, LLC
13.2.5. QMAG Pty Limited
13.2.6. Refratechnik
13.2.7. GRECIAN MAGNESITE
13.2.8. Ganmag Magnesite Solutions
14. Research Methodology
15. Key Assumptions and Acronyms

Key Market Players

  • Garrison Minerals
  • Brucite+
  • Russian Mining Chemical Company
  • Premier Magnesia, LLC
  • QMAG Pty Limited
  • Refratechnik
  • GRECIAN MAGNESITE
  • Ganmag Magnesite Solutions

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