The global Magnesium Oxide market was valued at 438.08 Million USD in 2021 and will grow with a CAGR of 6.56% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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.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.

By Market Verdors:

RHI-Magnesita

Magnezit Group

SMZ Jelsava

Martin Marietta Magnesia Specialties

Kumas Magnesite Works

Nedmag Industries

Grecian Magnesite

Navarras SA

Primier Magnesia

Baymag

Industrias Penoles

Ube Material Industries

ICL Industrial

Imerys

Haicheng Houying Group

Haicheng Magnesite Refractory

Haicheng Huayu Group

Jiachen Group

Liaoning Jinding Magnesite

Liaoning Wang Cheng Magnesium Group

Qinghua Refractory Group

Dashiqiao Huamei Group

By Types:

Dead-Burned Magnesium Oxide (DBM)

Fused Magnesium Oxide (FM)

Caustic Calcined Magnesium Oxide (CCM)

Synthetic Magnesium Oxide

By Applications:

Refractories Industry

Agriculture Industry

Chemical Industry

Construction Industry

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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