Press release
Global Magnesium Oxide Market is expected to reach 6830 million by 2025 – QY research
Global Magnesium Oxide market size will increase to 6830 Million US$ by 2025, from 4170 Million US$ in 2017, at a CAGR of 6.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Magnesium Oxide.Magnesium oxide, also called magnesia with chemical formula MgO, is a white solid mineral that occurs naturally as periclase and is a source of magnesium. MgO is used as an insulator in industrial cables, as a basic refractory material for crucibles and as a principal fireproofing ingredient in construction materials. Magnesium oxide is also utilized in the agricultural, chemical, food, pharmaceutical, environmental and industrial applications.
Magnesium oxide consumption is linked to a handful of generally steady end markets. As a key refractory mineral, its usage is correlated to steel and cement manufacturing, while as an ingredient in markets ranging from flame retardants and water treatment to human medicine and animal feed, small but stable annual demand volumes keep the industry ticking over. Based on the regions, the consumption is mainly concentrated in Asia-Pacific, Europe and North America etc. China was the major consumption region with the market share of 47.37% in 2017, which attributed to the rapid economic growth in China. Europe was the second consumer in the magnesium oxide industry, which accounted for around 23.26% market share in 2017.
This report focuses on the top manufacturers' Magnesium Oxide capacity, production, value, price and market share of Magnesium Oxide in global market. The following manufacturers are covered in this report:
RHI-Magnesita
Magnezit Group
SMZ Jelsava
Martin Marietta Magnesia Specialties
Kumas Magnesite Works
Nedmag Industries
Grecian Magnesite
Navarras SA
Primier Magnesia
Baymag
Industrias Penoles
Ube Material Industries
…
Magnesium Oxide Breakdown Data by Type
Dead-Burned Magnesium Oxide (DBM)
Fused Magnesium Oxide (FM)
Caustic Calcined Magnesium Oxide (CCM)
Synthetic Magnesium Oxide
Magnesium Oxide Breakdown Data by Application
Refractories Industry
Agriculture Industry
Chemical Industry
Construction Industry
Other
Magnesium Oxide Production Breakdown Data by Region
United States
Europe
China
Japan
Other Regions
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