2021-2030 Global Magnesium Oxide Market Research Global Magnesium Oxide Market Size to Reach USD 8.36 Billion

Hebei Messi Biology Co., Ltd: Global Magnesium Oxide Market Research Report 2021-2030, Including Global Analysis of Market Size, Share and Trends from 2019-2021 and Forecast to 2030

The global magnesium oxide market will reach USD 8.36 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2030, according to the analysis of Messi Biology.

Magnesium Oxide Market Research

  Product Overview

Magnesium oxide, commonly known as magnesia (MgO), is a hygroscopic compound produced by pyrolysis of magnesite or electrolysis of brine. Magnesium oxide has many health benefits and can help relieve the symptoms of various diseases. Magnesium oxide is used in a wide variety of applications, including housing, refractory, agriculture and construction. It is widely used as a refractory layer in the ceramic and glass industries as well as in the steel industry.

  Market Highlights

The global magnesium oxide market is expected to grow at a CAGR of 5.7% by 2030.

Increasing use of magnesium oxide in various industries is driving the overall market forward. Industries with high demand for magnesium oxide include refractories, agriculture, and housing and construction. In addition, magnesium oxide is increasingly used as a refractory layer in the ceramic and glass industries as well as in the steel industry.

High temperature resistant ceramic products made of magnesium oxide

Global magnesium oxide market: segmentation

DBM segment to grow at the highest CAGR between 2020-30

Magnesia can be divided into lightly burned magnesia (CCM), sintered magnesia sand (DBM), electrofused magnesia (FM) and other refractory raw materials, which are the basic materials for the production of magnesia refractories. Sintered magnesia (DBM) will have the largest market share in 2020. DBM is expected to lead the magnesium oxide market due to its superior heat resistance range and wide application in the industry.

Spherical magnesium oxide – sintered magnesia (DBM)

Refractory segment to grow at the highest CAGR from 2020-2030

The global magnesium oxide market is segmented by application into refractories, agriculture, chemical intermediates, and construction. The refractory segment is expected to expand at the fastest rate during the forecast period. Due to its strong temperature resistance, it is used as an important refractory material.

High temperature resistant ceramic products made of magnesium oxide

Market Dynamics

Driving Factors

Rising demand for refractory materials and increasing industrialization

The global magnesium oxide market is expanding due to several factors. The rising demand for refractory materials in kilns, furnaces, reactors and incinerators is one of the major factors driving the market growth. Another major reason is the increasing industrialization of developing countries. Magnesium oxide is more commonly used in the steel industry. Due to the extraordinary growth of this industry in recent years, the global magnesium oxide market is expected to witness a huge demand growth in the coming years.

Lightly burned magnesium oxide (CCM)

Development of non-ferrous metals and increase in glass production

Apart from this, the development of non-ferrous metals, ceramics and chemical industries are expected to drive the magnesium oxide market. The global magnesium oxide market is driven by increasing glass production and increasing demand for magnesium oxide in animal feed and fertilizers.

Restraining factors

Graphite and silicon carbide substitution

Graphite and silicon carbide have similar physical and chemical properties and can substitute for magnesium oxide, which is expected to be a major obstacle to the growth of the global magnesium oxide market.

Global Magnesium Oxide Market: Key Players, Company Profiles, Business Strategies, Key Product Offerings, Financial Results, Key Performance Indicators, Risk Analysis, Recent Developments, Regional Presence, SWOT Analysis

Global magnesium oxide market: regions

The global magnesium oxide market is segmented into five major regions based on regional analysis. These include North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. The global magnesium oxide market in Asia Pacific region holds the largest market share in 2020. Asia Pacific has increased its position due to the increase in industrial funding, industrial automation, and industrial development. The emergence of major agricultural economies in the regional market is driving the demand for magnesium oxide suppliers.

Moreover, increasing demand for refractory materials, especially in the steel industry, with increasing industrialization in the world is driving the expansion of magnesium oxide industry in the region.

The global magnesium oxide market is further segmented by region as.

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – U.S. and Canada

Latin America market size, share, trends, opportunities, Y-o-Y growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, Nordics, Russia, Turkey, and Rest of Europe

Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of Asia Pacific

Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of Middle East and Africa

The global magnesium oxide market report also contains the analysis of.

Magnesium Oxide Market Segmentation Research.

By Type

DBM

CCM

FM

By Application

Fire Resistant

Agriculture

Chemical Intermediates

Construction

Magnesium oxide market dynamics

Magnesium oxide market scale

Supply and Demand

Current Trends/Issues/Challenges

Competition and companies involved in the market

Market Value Chain

Market Drivers and Restraints

Frequently Asked Questions

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What are the factors driving the Magnesium Oxide market?

Magnesium Oxide Application
Magnesium Oxide Application

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