Press Release

Facts & Factors

Magnesium Oxide Market Size Demand to Surpass USD 84 Million by 2026

March 25th, 2021 11:40 AM

Facts and Factors have published a new research report titled “Magnesium Oxide Market By Type (Light Burned Magnesium Oxide, Hard Burned Magnesium Oxide, Dead Burned Magnesium Oxide) And By Application (Refractories Industry, Agriculture Industry, Chemical Intermediates, Construction Industry, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026”.

According to the research study, the global Magnesium Oxide Market in 2019 was approximately USD 46 Million. The market is expected to grow at a CAGR of 9% and is anticipated to reach around USD 84 Million by 2026.

Magnesium Oxide also referred to as Magnesia, is a white alkaline material that occurs naturally in the earth’s crust, and the chemical formula id MgO. It is highly pure in nature and with no taste or color and is it obtained from the calcination of naturally occurring minerals. It has a high melting point with high strength, temperature resistance, and high corrosion resistance. It is either obtained from the magnesite ores through the process of pyrolysis or recovered from the seawater through the process of electrolysis. It is also used as a mineral supplement to prevent hypomagnesemia.

Browse through 55 Tables & 121 Figures spread over 185+ Pages and in-depth TOC on “Global Magnesium Oxide Market Size & Share 2020 Report and Industry Forecast to 2026”.

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The versatility of magnesium oxide makes it much in demand from various industrial sectors such as construction, chemical, steel, and medical industry and is thus expected to be the major key factor driving the magnesium oxide market share in the forecasted period. Also, various properties possessed by magnesium oxide such as low electrical and high thermal conductivity make it an ideal solution for refrigeration, cement, brake linings, thermocouple tubes, and heating elements. Furthermore, the use of magnesium oxide in livestock feed for providing nutrition from magnesium to animals is anticipated to augment the development of the global demand for magnesium oxide. However, magnesium oxide is considered to be harmful to human beings as its contact with human skin causes itching, rashes, and other skin-related issues. The increasing challenge of graphite and silicon carbide replacement as they possess similar physical and chemical properties is also considered to be a major drawback to the growth of the global industry. Also, several regulations taken to minimize environmental emissions from steel and other industries are projected to impede the growth of the magnesium oxide market in the coming years. Furthermore, several technological advancements such as the increasing penetration of nanocrystalline magnesium oxide in several end-use applications such as pharmaceuticals, ceramics, food additives, and cement provide lucrative opportunities for market growth in the coming years.

The Magnesium Oxide types are Light Burned Magnesium Oxide, Hard Burned Magnesium Oxide, and Dead Burned Magnesium Oxide, out of which Dead Burned Magnesium Oxide is predicted to dominate the market owing to its high density and low reactivity properties. The Refractories Industry is projected to dominate the market as magnesium oxide maintains both physical and chemical stability at high temperatures and reduces chemical reactivity.

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The report study further includes an in-depth analysis of industry players’ market shares and provides an overview of leading players’ market position in the Magnesium Oxide sector. Key strategic developments in the Magnesium Oxide market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Magnesium Oxide market are appropriately highlighted in the report.

Magnesium Oxide is a naturally occurring white alkaline material obtained through the calcination of naturally occurring materials and has no color or taste. It has high strength and temperature resistance. It is used as a magnesium supplement in livestock feeds to fulfill their nutrition gains for better yield. Its versatile properties make it useful in several applications such as construction, medical, steel, and chemical industry. However, increasing penetration of nanocrystalline magnesium oxide in several applications provides several opportunities in the coming years. The region of Asia Pacific is projected to show dominance owing to the agrarian practices in major countries of the region along with the rapid industrialization activities in developing nations such as China and India.

Browse the full “Magnesium Oxide Market By Type (Light Burned Magnesium Oxide, Hard Burned Magnesium Oxide, Dead Burned Magnesium Oxide) And By Application (Refractories Industry, Agriculture Industry, Chemical Intermediates, Construction Industry, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026″ report at https://www.fnfresearch.com/magnesium-oxide-market

The Magnesium Oxide market research report delivers an acute valuation and taxonomy of the Magnesium Oxide industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

The Asia Pacific region is projected to dominate the market as major economies of this region are majorly dependent on agricultural practices and magnesium oxide is majorly used for livestock feeds for fulfilling their nutrition requirements. Also, the increasing industrialization activities along with the abundance of raw material availability have further boosted demand for refractory materials, which are largely used in the iron and steel industry, which has, in turn, boosted the market growth in the region. North America is predicted to be the second-largest market owing to the surging demand for refractory material in several industries such as glass, steel, and ceramic industry.

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The top key players in the Magnesium Oxide Market are as follows:

  • RHI Magnesita N.V.
  • Martin Marietta
  • Grecian Magnesite S.A.
  • PremierMagnesia LLC
  • Ube Industries Ltd
  • Kumas Magnesite Industry Inc
  • Xinyang Mineral Group
  • ICL
  • SMZ, a.s. Jelsava
  • Tateho Chemicals Industries Co.
  • Baymag Inc

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This report segments the Magnesium Oxide Market as follows:

Global Magnesium Oxide Market: By Form Segmentation Analysis

  • Light Burned Magnesium Oxide
  • Hard Burned Magnesium Oxide
  • Dead Burned Magnesium Oxide

Global Magnesium Oxide Market: By Application Segmentation Analysis

  • Refractories Industry
  • Agriculture Industry
  • Chemical Intermediates
  • Construction Industry
  • Others

Global Magnesium Oxide Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa

Rest of Middle East & Africa

Key Insights from Primary Research

  • As per the analysis shared by our primary respondents, the Magnesium Oxide market is expected to grow annually at a CAGR of around 9%.
  • Through the primary research, it was established that the Magnesium Oxide market was valued at around USD 46 Million in 2019.
  • Based on type segmentation, the Dead Burned Magnesium Oxide was predicted to show maximum market share in the year 2019.
  • The Refractories Industry category, based on application segmentation, was the leading revenue-generating category in 2019.
  • On the basis of region, the “Asia Pacific” region was the leading revenue generator in 2019.

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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