[SMM Magnesium News] The global market size of magnesium hydroxide nanometer powder will reach $31 million in 2024 and is expected to grow to $49 million by 2031, with a compound annual growth rate (CAGR) of 6.8%. According to the latest research report from Los Angeles, US, the application of this material in fields such as flame retardancy and environmental protection is driving the continuous expansion of the market.