Magnesium Oxide Market | Martin Marietta Materials Inc., Grecian Magnesite S.A., Premier Magnesia

Magnesium oxide is a chemical compound with formula MgO and occurs naturally as periclase. It is a source of magnesium and has a wide range of applications such as it is used as an insulator in industrial cables and refractory materials for the production of ceramic, steel, and glass. It is also used in animal feed for magnesium nutrition and in the production of fertilizers. Furthermore, it is also used across the pharmaceutical industry in the formulation of antacid. Additionally, it is also used as a pulp bleaching agent and due to its high alkalinity, it also finds application across the wastewater treatment process and flue gas desulphurization.

The global magnesium oxide market is projected to reach around US$ 8.5 billion by the end of 2027, in terms of revenue, growing at CAGR of 4.16% during the forecast period (2019-2027).

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Market Taxonomy

Global Magnesium Oxide Market, By Application:
Refractory
Agriculture
Industrial
Others

Global Magnesium Oxide Market, By Product Type:
Dead Burned Magnesia
Fused Magnesia
Caustic Calcined Magnesia

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics.

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The rising trend of using fuse magnesia in refractories is projected to foster the market growth of magnesium oxide. Fused magnesia has excellent properties as compared to DBM and is now highly preferred across refractory applications. It has high magnesium content, larger crystal size, and higher density. Hence, growing trend of using fused magnesia across refractories application will positively impact the market growth of magnesium oxide.

Increasing usage of magnesium oxide in the production of fertilizers is expected to augment the market growth over the forecast period. The market is expected to gain exponential growth on the account of increasing demand for fertilizers due to the rising need for quality yield production. Hence, the growing demand for fertilizers is expected to foster the market growth of magnesium oxide.

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