Los Angeles, CA -- (SBWIRE) -- 02/14/2019 -- 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. This report covers primarily magnesium oxide including four types: dead-burned magnesium oxide (DBM), fused magnesium oxide (FM), caustic calcined magnesium oxide (CCM) and synthetic magnesium oxide.

Currently, RHI-Magnesita, Magnezit Group, SMZ Jelsava, Haicheng Houying Group, Haicheng, Magnesite Refractory, Haicheng Huayu Group and Jiachen Group are major manufacturers of this industry. RHI-Magnesita is a global leader. In 2017, the production of RHI-Magnesita was 948 K MT, and the company held a share of 7.27%. In the US market, Martin Marietta Magnesia Specialties and Primier Magnesia have an absolute market share. RHI-Magnesita, Magnezit Group, SMZ Jelsava and Kumas Magnesite Works are leaders in the European market. In short, the market concentration in Europe and the United States is high, and a few companies occupy the majority of market share. Haicheng Houying Group, Haicheng Magnesite Refractory,Haicheng Huayu Group and UBE are well-known brands in the Asia-Pacific market. The Asia-Pacific market is extremely fragmented.

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.

Magnesium oxide's various forms, from crude magnesite, to dead-burned (DBM), fused (FM), caustic calcined magnesia (CCM) and synthetic magnesium oxide. The principal driver for DBM and FM is the refractories industry, which is linked with steel and other metal production, as well as cement and glass. According to the report, around 70.03% magnesium oxide consumed in 2017 was used for refractories. The second application filed was the agriculture industry, which accounted for 11.68% in 2017.The remaining 18.29% was used in food, pharmaceutical, chemical, construction, environmental and industrial applications.

The global Magnesium Oxide market is valued at 4170 million US$ in 2018 is expected to reach 6900 million US$ by the end of 2025, growing at a CAGR of 6.5% during 2019-2025. This report focuses on Magnesium Oxide volume and value at global level, regional level and company level. From a global perspective, this report represents overall Magnesium Oxide market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan. At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

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The following manufacturers are covered:

RHI-Magnesita

Magnezit Group

SMZ Jelsava

Kumas Magnesite Works

Nedmag Industries

Grecian Magnesite

Navarras SA

Primier Magnesia

Baymag

Industrias Penoles

Segment by Regions

North America

Europe

China

Japan

Segment by Type

Dead-Burned Magnesium Oxide (DBM)

Fused Magnesium Oxide (FM)

Caustic Calcined Magnesium Oxide (CCM)

Synthetic Magnesium Oxide

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Segment by Application

Refractories Industry

Agriculture Industry

Chemical Industry
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