global magnesium oxide market was valued at USD 3,934.5 million in 2016 and is projected to reach USD 5,376.5 million by 2023 top key players are RHI Magnesita N.V., Martin Marietta , Grecian Magnesite S.A. ,PremierMagnesia LLC , Ube Industries Ltd , Kuma

Market Synopsis of the Global Magnesium Oxides Market
The global magnesium oxide market witnessed augmenting growth in 2016 and is projected to show the same trend during the forecast period. Asia Pacific and North America are the major regions that dominated the global market. Asia Pacific was the potential leader closely followed by North America and Europe. As per the MRFR analysis, the global magnesium oxide market was valued at USD 3,934.5 million in 2016 and is projected to reach USD 5,376.5 million by 2023. The global market, as a whole, is estimated to grow at a CAGR of 5.34% in terms of value and 5.07% in volume terms.

Developing industrial sector coupled with the growing investment in public and private infrastructural development is considered as the primary factor driving the growth of the global magnesium oxide market. Moreover, the growing demand for agricultural products across the globe is also positively contributing to the market demand for magnesium oxide. However, the presence of substitutes such as graphite and silicon carbide is a major restraint in the growth of the market. In terms of the product, the dead-burned magnesia (DBM) is the leading segment across the globe and is projected to acquire a market share of over 70% during the forecast period, whereas the caustic calcined magnesia (CCM) is anticipated to be the fastest growing segment with a CAGR of over 5%.Magnesium oxides Market Share, by application 2016 (%)
Request For Free Sample- https://www.kennethresearch.com/sample-request-10043126

Sources: MRFR Analysis
Regional Analysis

The global agnesium oxides market is spanned across five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. As of 2016, Asia Pacific is the most promising regional market for magnesium oxide with a major contribution from China, Japan, and India. The region is anticipated to acquire the largest shares in terms of both value and volume during the given period. The North American market is mainly driven by the U.S. and Canada. The U.S dominated the North American market with a major market share in 2016 and is anticipated to grow at a CAGR of 4.40% whereas the Canadian market is projected to exhibit a higher CAGR of 4.80%. The growing demand from the developed industries such as glass, ceramics, and iron & steel among others is majorly contributing to this growth.
Table of Contents:

1 Report Prologue
2 Scope of the Report
2.1 Market Definition
2.1 Scope of the Study
2.2 List of Assumptions
2.3 Market Structure
2.4 Key Takeaways
2.5 Key Buying Criteria
3 Market Insights
4 . Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Increasing Demand in Steel, Glass, & Ceramic industries as a Refractory Material
5.2.2 Steady demand growth in animal feed and fertilizer applications
5.2.3 Growing concerns pertinent to water quality driving the demand for magnesium oxide in water treatment application
5.3 Restraints
5.3.1 Increasing preference for alternatives in various applications
5.4 Opportunity
5.4.1 Growing Opportunity For Magnesium Wallboard Application
5.5 Trend
5.5.1 Preference of Fused Magnesia Over Dead Burned Magnesia in Refractory Application
6 Impact Analysis
6.1 Supply Chain Analysis
6.1.1 Raw Materials Suppliers
6.1.2 Magnesium Oxide Manufacturer
6.1.3 Magnesium Oxide Distributors
6.1.4 Magnesium Oxide End-Users
6.2 Porter’s Five Forces Analysis
6.2.1 Threat of Substitute (Moderate)
6.2.2 Threat of Rivalry (Moderate- High)
6.2.3 Bargaining Power of Supplier (Low)
6.2.4 Threat of New Entrants
6.2.5 Bargaining Power of Buyer
Request For Customization- https://www.kennethresearch.com/customization-request-10043126

Segmentation
The magnesium oxide market is segmented on the basis of product type, application, and region. On the basis of the type, the market is segmented into DMB, CCM, and FM. The market on the basis of the application is segmented into refractory, agriculture, chemical intermediates, construction, and others. The market on the basis of the refractory is further segmented into steel, ceramics, glass, and others. On the basis of the agricultural, the market is further segmented into fertilizers and animal feed. The agricultural segment is further segmented into fertilizer and animal feed.

Key Players
Some of the key players operating in the global magnesium oxide market are RHI Magnesita N.V.(Austria), Martin Marietta (U.S.), Grecian Magnesite S.A. (Greece), PremierMagnesia LLC (U.S.), Ube Industries Ltd (Japan), Kumas Magnesite Industry Inc (Turkey), Xinyang Mineral Group (India), ICL (Israel), SMZ, a.s. Jelsava (Slovakia), Tateho Chemicals Industries Co. (Japan), and Baymag Inc ( Canada), among others.
Key Findings
• Global magnesium oxide market was valued at 10998.8 Kilo tons in 2017 and is anticipated to grow at an expanding CAGR
• Asia Pacific emerged as the global leader in this market and has acquired 59% of the global share, expanding at a dynamic CAGR of 5.60%
• As per the analysis, China was the most promising country-level market and has generated largest revenuse of USD 1691 million
• On the basis of the application, a refractory segment dominated the global market in 2016, with significant market shares and expanding at the highest CAGR of 5.17. Similarly, product segment has been dominated by DBM segment
• Asia Pacific is expected to be the highly focused market for key industry participant over the assessment years. Increasing industrial investment, industrial automation and industrial expansion have increased the importance of this region among the industry players
Read More- https://www.kennethresearch.com/report-details/global-magnesium-oxide-market/10043126

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

1412 Broadway,
21st Floor Suite MA111,
New York, NY 10018

Name:David
Email:sales@kennethresearch.com
Phone: +1 313 462 0609

This release was published on openPR.