Search Market Research Report
Magnesium Oxide Market Size, Share Global Analysis Report, 2020–2026
Magnesium Oxide Market By Type (Light Burned Magnesium Oxide, Hard Burned Magnesium Oxide, Dead Burned Magnesium Oxide) And By Application (Refractories Industry, Agriculture Industry, Chemical Intermediates, Construction Industry, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[185+ Pages Report] According to the report published by Facts Factors, the global magnesium oxide market size was worth around USD 46 million in 2019 and is predicted to grow to around USD 84 million by 2026 with a compound annual growth rate (CAGR) of roughly 9% between 2020 and 2026. The report analyzes the global magnesium oxide market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the magnesium oxide market.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Magnesium Oxide industry. The report analyzes and declares the historical and current trends analysis of the Magnesium Oxide industry and subsequently recommends the projected trends anticipated to be observed in the Magnesium Oxide market during the upcoming years.
Key Insights from Primary Research
- As per the analysis shared by our primary respondents, the Magnesium Oxide market is expected to grow annually at a CAGR of around 9%.
- Through the primary research, it was established that the Magnesium Oxidemarket was valued at around USD 46 Million in 2019.
- Based on type segmentation, the Dead Burned Magnesium Oxidewas predicted to show maximum market share in the year 2019.
- The Refractories Industry category, based on application segmentation, was the leading revenue-generating category in 2019.
- On the basis of region, the “Asia Pacific” region was the leading revenue generator in 2019.
Key Recommendations from Analysts
- As per our analysts, the magnesium oxide market demand is escalating owing to its numerous benefits such as corrosion and temperature resistance along with high tensile strength.
- The non-toxic and odorless properties of magnesium oxide make it a perfect option for industrial applications.
- Growing at a CAGR around 9%, the magnesium oxide market provides numerous growth optionsfor all of the involved shareholders across the entire value chain.
- The growing use of magnesium oxide nutrition supplements makes it an ideal option for livestock feeds.
- Our analysts have identified the “Construction Industry” category as the leading investment pocket for the magnesium oxide market in terms of application segmentation respectively.
Market Attractiveness – By Type
The Magnesium Oxide market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Magnesium Oxide market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volumes (Tons) and value (USD Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Magnesium Oxide industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Magnesium Oxide industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Magnesium Oxide market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Magnesium Oxide industry. The Magnesium Oxide market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Magnesium Oxide sector. Key strategic developments in the Magnesium Oxide market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Magnesium Oxide market are appropriately highlighted in the report.
Magnesium Oxide is a naturally occurring white alkaline material obtained through the calcination of naturally occurring materials and has no color nor taste. It has high strength and temperature resistance. It is used as a magnesium supplement in livestock feeds to fulfill their nutrition gains for better yield. Its versatile properties make it useful in several applications such as construction, medical, steel, and chemical industry. However, increasing penetration of nanocrystalline magnesium oxide in several applications provides several opportunities in the coming years. The region of Asia Pacific is projected to show dominance owing to the agrarian practices in major countries of the region along with the rapid industrialization activities in developing nations such as China and India.
The Magnesium Oxide market research report delivers an acutevaluationand taxonomy of the Magnesium Oxide industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
The regional segmentation of the Magnesium Oxide industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Magnesium Oxide industry is provided for the leading economies of the world.
The Magnesium Oxide market is segmented based on Form and Application. On the basis of segmentation, the market is classified into Light Burned Magnesium Oxide, Hard Burned Magnesium Oxide, Dead Burned Magnesium Oxide. In terms of application, the market is bifurcated into Refractories Industry, Agriculture Industry, Chemical Intermediates, Construction Industry, Others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
( USD 46 Million) |
Projected Market Size in 2026 |
( USD 84 Million) |
CAGR Growth Rate |
9% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
RHI Magnesita N.V., Martin Marietta, Grecian Magnesite S.A., PremierMagnesia LLC, Ube Industries Ltd, KumasMagnesite Industry Inc, Xinyang Mineral Group, ICL, SMZ, a.s. Jelsava, Tateho Chemicals Industries Co., BaymagInc, and Others |
Key Segment |
By Form, Applications, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
Request customized purchase options to meet your research needs. Explore purchase options |
Some of the essential players operating in the Magnesium Oxide market but not restricted to include
- RHI Magnesita N.V.
- Martin Marietta
- Grecian Magnesite S.A.
- PremierMagnesia LLC
- Ube Industries Ltd
- KumasMagnesite Industry Inc
- Xinyang Mineral Group
- ICL
- SMZ
- a.s. Jelsava
- Tateho Chemicals Industries Co.
- Baymag Inc
The taxonomy of the Magnesium Oxide market by its scope and segmentation is as follows:
By Form Segmentation Analysis
- Light Burned Magnesium Oxide
- Hard Burned Magnesium Oxide
- Dead Burned Magnesium Oxide
By Application Segmentation Analysis
- Refractories Industry
- Agriculture Industry
- Chemical Intermediates
- Construction Industry
- Others
By Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- RHI Magnesita N.V.
- Martin Marietta
- Grecian Magnesite S.A.
- PremierMagnesia LLC
- Ube Industries Ltd
- KumasMagnesite Industry Inc
- Xinyang Mineral Group
- ICL
- SMZ
- a.s. Jelsava
- Tateho Chemicals Industries Co.
- Baymag Inc
Copyright © 2023 - 2024, All Rights Reserved, Facts and Factors