Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
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.
Study Period
2024-2030Base Year
2023CAGR
4.8%Largest Market
North AmericaFastest Growing Market
Asia Pacific
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.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 673.2 million |
Market CAGR |
4.8% |
By Product Type |
|
By Application |
|
By Region |
|
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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.
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