Magnesium oxide is expected to grow steadily in the next four years.According to the analysis of the global magnesium oxide market in 2022, it is predicted that the demand for magnesium oxide in the refractory material for fire -resistant materials for the continuous growth of the fire -resistant materials is the main driving factor to promote the growth of the magnesium oxide market.According to the analysis model, the market prospects compound annual growth rate (CAGR) from 2022-2027 is 3.17%.
Analyst’s point of view: From the perspective of the current industry situation, the magnesium oxide market has fragmented properties, the industry concentration is low, and the industry entry threshold is low. Enterprises in the investment and watching period can seize opportunities. “
The dead burning is also called hard burning. It is a process of burning refractory raw materials at a high enough temperature to achieve completely sintering. Cliny (especially alkaline clinker) is often used for firing refractory materials. When using some natural minerals, alkaline refractory raw materials, or other low -temperature volume stability synthetic materials as refractory raw materials, it is necessary to burn the refractory clinker. The rapidly developing infrastructure and the growing demand of the automotive industry have promoted the continuous growth of the scale of heavy magnesium oxide markets, leading to an increase in steel output in developed economies in developed and developing economies. In addition, the acceleration of urbanization and industrialization, especially emerging economies such as India and China, has led to a large amount of investment in residential and commercial construction construction, which has promoted the demand for heavy -sized magnesium oxide.
The availability of dead -burning magnesium oxide substitutes for the application of the final use industry is expected to suppress market growth. For example, alumina, chromium iron ore and silica are used as substitutes for magnesium oxide in the application of refractory materials. Therefore, the increase in the use of magnesium oxide alternatives will hinder market growth during the predicted period.
Dead -burning magnesium oxide market segmentation:
According to the type, the global magnesium oxide market can be divided into high and low purity. Among them, high -purity dead magnesium oxide oxide occupies market leadership. Because high -purity heavy magnesium oxygen has excellent alkali resistance and electrical insulation at high temperature. High thermal expansion coefficients, high thermal conductivity, and good light transmission. Widely used as high temperature resistance materials. With its own extensive availability, it helps expand the scale of the market segment. According to applications, the global magnesium oxide market can be divided into the steel industry, the cement industry, the lime industry, and the non -ferrous metal industry. Among them, the steel industry occupies market leadership. This is due to the increasing demand for infrastructure development and the increasing demand for consumer goods such as cars. In addition, the increase in demand for the steel industry and global industrialization will further promote the growth of the magnesium oxide market.
Magnesium oxide market: regional analysis
From a geographical point of view, the global magnesium oxide market has been subdivided as: North America, Asia Pacific, Europe, South America, the Middle East and Africa. The Asia -Pacific region is dominated by the magnesium oxygen market and will continue to do so during the forecast period. One key reason for supporting this growth is the emergence of emerging economies in the region, such as India and China. It is expected that the industrialization of these countries will have a positive impact on the overall market growth. The growing demand for refractory materials for the steel industry is promoting the growth of the magnesium oxide market in the region.
Compound annual growth rate: 3.17%
Maximum sharing area: Asia Pacific region
Which country is the largest in the largest cooperation area: China
Product type: high -purity, low pure
Application: steel industry, cement industry, limestone industry, non -ferrous metal industry, other industries.