Press release
Magnesium Oxide Market to Reach 11,182 KT in 2016: FMI Study
Steady demand for refractory products from a variety of industries including iron & steel, glass and ceramics, among others is expected to help maintain steady pace in terms of growth of the magnesium oxide market during the forecast period. On the other hand, growth opportunities are expected to arise from increasing use of magnesium oxide for agricultural (fertilizer, animal feed etc.), water treatment and construction industry-related applications. Growing use of magnesium oxide for manufacture of magnesium oxide boards, which are effective, low-cost and greener alternatives to conventional gypsum and Portland cement boards among others, is expected to gain traction over the forecast period.
Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1622
Product-wise, dead-burned magnesia will continue to remain the largest segment, accounting for over 57% value share in the overall magnesium oxide market in 2016. Increasing preference for fused magnesia as an alternative to dead burned magnesia is expected to be witnessed during the forecast period. Caustic calcined magnesia, which is primarily used for non-refractory applications such as animal feed and fertilizers, is expected to witness faster growth, registering a CAGR of 5.3% in terms of value during the forecast period.
Asia Pacific excluding Japan (APEJ) will remain the largest market for magnesium oxide. The market in the region is estimated to account for approximately 59% share of the overall magnesium oxide market value in 2016. The region, spearheaded by China, accounts for a significant share in the overall global iron & steel production, consumption of animal feed and agrochemicals. Besides, APAC accounts for highest production capacity and consumption of magnesium oxide boards. China is anticipated to continue to be the most lucrative market for magnesium oxide during the forecast period.
Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-1622
Grecian Magnesite S.A., Martin Marietta Materials Inc., Premier Magnesia LLC, Magnezit Group Europe GmbH, Kumas Manyezit Sanayi A.S., Premier Periclase Ltd., Magnesita Refractories SA and Israel Chemicals Ltd. are prominent players in the global magnesium oxide market. Some of the major refractories manufacturing companies have adopted a backward integration strategy and acquiring magnesium oxide manufacturing companies so as to ensure cost savings and a steady supply of raw materials. Some of the key companies are expected to undertake capacity expansions, and certain new capacities are expected to become operational during the forecast period.
Long-term Outlook: Revenue from the global magnesium oxide market is anticipated to increase at a CAGR of 4.1% over 2016–2026, reaching US$ 8.2 Bn in revenues by 2026. APEJ will remain the largest market throughout the forecast period and is expected to witness fastest growth in terms of value, registering a CAGR of 4.6% over 2016–2026.
ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
CONTACT:
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Press@futuremarketinsights.com
Website: www.futuremarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Magnesium Oxide Market to Reach 11,182 KT in 2016: FMI Study here
News-ID: 373940 • Views: …
More Releases from Future Market Insights
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,…
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry…
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033.
The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable…
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute…
More Releases for FMI
According to FMI, Condition Monitoring Services Will Reach 6.79 Billion USD: FMI
The global condition monitoring service market is anticipated to exceed US$ 3.52 Bn by the end of 2022. Growing emphasis on the integration of condition monitoring software with computerized process control services and maintenance management software is expected to favour the growth in the market.
The demand in the condition monitoring service global market is estimated to reach US$ 6.79 Bn by 2031, exhibiting growth at a CAGR of 9.8% during…
Medication Dispenser Market Forecast and Analysis by FMI
According to Wikipedia, medication or pill dispenser is an equipment which releases medication at specified time. In simple language, an equipment gives a signal when the time comes to take the medicine. The purpose is to help senior citizens or people who may suffer from impaired ability to adhere to their prescribed medication regime. The device automatically releases the pre-measured dose into a small compartment that is easily opened and…
Printing Paper Market Intelligence and Forecast by FMI
Global printing paper market: Introduction
The global paper industry is undergoing rapid transformation and plays significant role in the global packaging industry. In addition to manufacturing of packaging products such as corrugated boxes, paperboards or envelopes, papers are also used for the production of printing paper for printing purposes. Printing paper market is anticipated to grow on the backdrop of packaging industry, printing industry, and as well as e-commerce industry…
Pharmaceutical Solvent Market Forecast and Prospectus : FMI Research
Global Market for Pharmaceutical Solvents Projected to Witness Sluggish Growth
A majority of medicines & drugs produced in the world are derived from formulating Active Pharmaceutical Ingredients (API), and such processes require alcoholic solvents such as ethanol, isopropanol, propanol and propylene glycol.
Production of pharmaceutical solvents continues to be concentrated in the Asia-Pacific excluding Japan (APEJ) region as leading API suppliers and drug manufacturers in the world have based their production units…
Temperature Controlled Packaging Solutions Market Analysis : FMI
While North America will continue to be the most attractive market, the temperature controlled packaging solutions market in Asia Pacific excluding Japan (APEJ) will witness steady gains.
According to a comprehensive analysis on the global temperature controlled packaging solutions market by Future Market Insights, companies seeking thermally-regulated packaging solutions for unhampered delivery of their products will continue to opt for insulated containers, with chest-type containers accounting for significant demand. However, during…
Force Sensor Market Share, Value, Trends : FMI Report
Continuous adoption of force sensors as human-machine interface is projected to pave new business opportunities for force sensor manufacturers among various industries such as music & entertainment. In addition, surging implementation of various ICT technologies in healthcare, and rising necessity to improve quality of healthcare services are further expected to offer growth opportunities to developers of force sensing technology. Future Market insights (FMI), in its report, projects the global market…
