The global magnesium oxide market is expected to reach USD 8.43 Billion by 2027 from USD 6.19 billion in 2019, growing at a CAGR of 3.9% according to a new report by Reports and Data.
New York, NY -- (SBWIRE) -- 01/15/2021 -- Magnesium oxide is generally known as magnesia, a mixture made from magnesite ores. These are retrieved from pyrolysis of ores or from the electrolysis of seawater. These oxides have robust applications in the construction and agriculture industries. A considerable amount is used across the ceramic and glass manufacturing as well as in steel industries to provide a refractory layer.
Market Drivers
The need for ensuring the safety of reactors to avoid mishaps due to corrosion of reactor walls is encouraging adoption of magnesium oxide as an additional layer. Widening usage of magnesium oxide across several end-use industries is providing support to the growth of the global magnesium oxide market.
The demand for magnesium oxide has increased from construction industries. The construction industry is continuously evolving and expanding globally, which is estimated to drive the growth of its market. However, the threat of substitutes is limiting the growth of the market to some extent.
Get Free Sample Copy With Toc Of The Report To Understand The Structure Of The Complete Report @ https://www.reportsanddata.com/sample-enquiry-form/2649
Companies considered and profiled in this market study
Martin Marietta, Grecian Magnesite SA, Ube Industries, Xinyang Mineral Group, RHI Magnesita NV, Premier Magnesia LLC, Kumas Magnesite Industry Inc., Baymag Inc., Tateho Chemicals Industries Co., and Imerys SA, among others.
Regional Analysis
Geographically, Asia Pacific is estimated to dominate the global market for magnesium oxide owing to factors such as increasing industrial automation, industrial financing, and industrial development in the region. Additionally, the presence of emerging economies is estimated to help the region retain its dominance.
Segments covered in the report:
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Reports and Data have segmented the global magnesium oxide market on the product type, distribution channel, application, and region:
Product Type Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Dead Burnt Magnesium Oxide
Caustic Calcined Magnesium Oxide
Fused Magnesium Oxide
Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Online
Offline
Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Refractory
Construction
Agriculture
Chemical
Others
Regional Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
North America
Europe
Asia Pacific
Latin America
MEA
To Read More About The Report, Click Here @ https://www.reportsanddata.com/report-detail/magnesium-oxide-market
Table Of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Magnesium Oxide Segmentation & Impact Analysis
4.1. Magnesium Oxide Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Surging demand for refractories from the steel and cement industry, among others
4.2.2.2. Growing demand from the construction industry
4.2.2.3. Advancement in technology
4.2.3. Market restraints analysis
4.2.3.1. Availability of substitutes
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Continue…
To Get This Report at a Lucrative Price, Click @ https://www.reportsanddata.com/discount-enquiry-form/2649
Thank you for reading our report. To find more details on the report or to inquire about its customization, please let us know, and we will offer you the report as per your needs.
Related Reports:
Shape Memory Alloys Market Segmentation and Analysis by Recent Trends, Development and Growth by Regions to 2027
EMI Shielding Market Competition, Status And Forecast, Size By Players, Regions, Type, Application By 2027
About Us:
We are a boutique market intelligence and strategic consulting firm dedicated to make an meaningful impact on businesses across the globe. Our stellar estimation and forecasting models have earned recognition across majority of the business forum across the globe. Our services are arrayed over diverse sectors and industries looking to expand in alternative regions and products.
Contact Us:
John Watson
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com