Press release
Global Magnesium Oxide Nanopowder Market Projected to Surpass $5.09 Billion by 2029 with 9% Annual Growth
Magnesium Oxide Nanopowder Market
The surge in the requirement for electronic commodities is projected to fuel the expansion of the market for magnesium oxide nanopowder. The devices that perform specific functions or roles by utilising electronic circuits and components are referred to as electronic products. To enhance their durability and resistance to wear and tear, magnesium oxide nanopowders are extensively employed in electronic device coatings. For example, according to LG's annual financial report 2022 released in January 2023, the sales of this South Korea-based consumer electronics company exceeded $60 billion in 2022, marking an increase of 12.9% from the previous year's revenue of about $52.70 billion. Additionally, in 2022, LG Home Appliance & Air Solution Company saw a 10.3% increase in revenue from 2021, reaching $22.5 billion. Therefore, the growing demand for electronic products is fuelling the enlargement of the magnesium oxide nanopowder market. The mounting demand for the reduction of CO2 emissions is anticipated to drive the expansion of the magnesium oxide nanopowder market. The term CO2 emission reduction pertains to the lessening of greenhouse gas emissions produced by an individual, institution, or nation. Magnesium oxide nanopowder, due to its specific properties like appropriate surface area and porosity, can act as a CO2 adsorbent. Moreover, magnesium oxide can interact with CO2 and water in the engine's exhaust plume or the atmosphere, resulting in the formation of magnesium carbonate or magnesium bicarbonate that can aid in cutting down aviation-related CO2 emissions. For example, in April 2024, the U.S Energy Information Administration reported a 3% drop in energy-related CO2 emissions in the U.S, equating to a reduction of 134 million metric tons during 2023. Most of this decrease was due to the electric power sector, which contributed to a 7% decrease in emissions, constituting 85% of the total reduction. Consequently, the burgeoning demand for CO2 emission reduction is propelling the advancement of the magnesium oxide nanopowder market.
Get Your Magnesium Oxide Nanopowder Market Report Here:
https://www.thebusinessresearchcompany.com/report/magnesium-oxide-nanopowder-global-market-report
What is the projected compound annual growth rate (CAGR) of the magnesium oxide nanopowder market from 2025 to 2034, and what factors influence it?
The market size for magnesium oxide nanopowder has been experiencing robust growth in the recent past. The market will expand from a value of $3.28 billion in 2024, rising to $3.6 billion in 2025, boasting a compound annual growth rate (CAGR) of 9.8%. This surge in the past period is brought about by an increasing need for innovative materials, burgeoning demand in the electrical sector, government-led initiatives, and an uptick in electrical and optical applications.
It is anticipated that the market size of magnesium oxide nanopowder will experience robust growth in the coming years, increasing to $5.09 billion by 2029, with a compound annual growth rate (CAGR) of 9.0%. This growth during the forecast period is linked to an increasing demand from sectors like construction, healthcare, and automotive, as well as from the environmental and textile industries. Key trends projected for this timeframe include advanced manufacturing of nanopowder, the emergence of nano-based sensors and devices, advanced construction materials, energy storage and conversion, as well as research and development initiatives in the field of magnesium oxide nanopowder.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12894&type=smp
What are the major segments of the magnesium oxide nanopowder market and their role in driving growth?
The magnesium oxide nanopowder market covered in this report is segmented -
1) By Type: 99% Magnesium Oxide Nanopowder, 99.9% Magnesium Oxide Nanopowder, 99.99% Magnesium Oxide Nanopowder, 99.999% Magnesium Oxide Nanopowder
2) By Application: Refractory Materials, Electric Insulation, Magnetic Devices, Fuel Additive, Fire Retardant
3) By End-User Industry: Metallurgy, Construction, Oil And Gas, Automotive, Electrical And Electronics, Other End-User Industries
Subsegments:
1) By 99% Magnesium Oxide Nanopowder: Industrial Grade, Agricultural Grade
2) By 99.9% Magnesium Oxide Nanopowder: Electronics Grade, Coating Grade
3) By 99.99% Magnesium Oxide Nanopowder: Pharmaceutical Grade, Optical Grade
4) By 99.999% Magnesium Oxide Nanopowder: High-Purity Electronics Grade, Laboratory Grade
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12894
Which regions are key players in the growth of the magnesium oxide nanopowder market?
Asia-Pacific was the largest region in the magnesium oxide nanopowder market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in magnesium oxide nanopowder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the magnesium oxide nanopowder market?
Major companies operating in the magnesium oxide nanopowder market are SkySpring Nanomaterials Inc., Martin Marietta Materials Inc., Sigma-Aldrich, Shenzhen Kedali Industry Co. Ltd., Sisco Research Laboratories Pvt. Ltd., Baikowski SAS, Inframat Alloys Pvt. Ltd., GFS Chemicals Inc., Strem Chemicals Inc., American International Chemical Inc., American Elements, Superior Supplement Manufacturing Inc., High Purity Laboratory Chemicals Pvt. Ltd., Techinstro Industries, Nanoshel LLC, Nanografi Co. Inc., Nanostructured & Amorphous Materials Inc., Aremco Products Inc., US Research Nanomaterials Inc., Nanjing XFNANO Materials Tech Co. Ltd., Zibo Tianheng New Nanomaterials Technology Co . Ltd., Chemsol Group, Eprui Nanoparticles & Microspheres Co. Ltd., Reinste Nano Ventures Pvt. Ltd., NextGen Nano Limited .
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=12894&type=smp
What Is Covered In The Magnesium Oxide Nanopowder Global Market Report?
•Market Size Forecast: Examine the magnesium oxide nanopowder market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the magnesium oxide nanopowder market for a structured understanding.
•Key Players Overview: Analyze major players in the magnesium oxide nanopowder market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the magnesium oxide nanopowder market.
•Segment Contributions: Evaluate how different segments drive overall growth in the magnesium oxide nanopowder market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the magnesium oxide nanopowder market.
•Industry Challenges: Identify potential risks and obstacles affecting the magnesium oxide nanopowder market.
•Competitive Landscape: Review strategic developments in the magnesium oxide nanopowder market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Global Magnesium Oxide Nanopowder Market Projected to Surpass $5.09 Billion by 2029 with 9% Annual Growth here
News-ID: 3913771 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Nano
Key Trends Shaping the Future Nano UAV Market From 2025-2034: 4K Nano Drones Tra …
What Is the Estimated Market Size and Growth Rate for the Nano UAV Market?
The nano UAV market has grown exponentially in recent years. It is expected to increase from $1.97 billion in 2024 to $2.53 billion in 2025 at a CAGR of 28.4%. The historical growth was driven by its applications in military operations, counter-terrorism efforts, border surveillance, law enforcement, and disaster response initiatives.
The nano UAV market is projected to…
Vanadium Carbide Powders Market 2021 Analysis by Global Manufacturers: BiKe New …
Vanadium Carbide Powders Market Report provides detailed analysis of Growth Factors of the market as well as it gives an analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2026. The Vanadium Carbide Powders market report has studied key opportunities in the market and influencing factors which are useful to the business. The report also maps the qualitative and quantitative impact of…
Internet of Nano Things Market Device Type (Nano Processors, Nano Sensors, Nano …
Internet of Nano Things is the integration of nanoscale devices with existing communication network with high-speed internet. It comprises miniature sensors connected to each other via Nano network to get data from objects. The evolution of Nanotechnologies, Internet of Things (IoT), Nano machines, and Internet of Nano things (IoNT) is expected to have immense impact on advanced development in every field such as smart homes, smart cities, and others. The…
North America Nano PLC Market Growing at 15.8% CAGR to 2027 | By Type - Fixed Na …
North America Nano PLC Market Forecast to 2027 - COVID-19 Impact and Global Analysis" report added to ReportsWeb has covered and analyzed the potential of Global North America Nano PLC Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along…
Nano Silver Market Size, Opportunity, Growth by Top Key Players Cambrios Technol …
Nano Silver MarketReport, published by Allied Market Research, forecasts that the global market is expected to garner $1,605 million by 2022, registering a CAGR of 20.5% during the period 2016 - 2022.It is anticipated that electrical & electronics segment would generate the highest revenue throughout the forecast period. In the year 2015, Asia-Pacific led the global market and is expected to maintain its position throughout the study period.
Download PDF Report…
Nano Gas Sensor Market analysis report- with Leading players, Applications and M …
Nano Gas Sensor Market
Worldwide Market Reports has announced the addition of the “Global Nano Gas Sensor Industry Market Research Report”, The report classifies the global Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
Nano Gas Sensor Market provides market information about Top Manufacturers, Market segmentation, Types, Application and Regions. Powder Packing Machines Market also share Market capacity, Production, Revenue, Market…
