Market Research Future Published a Half Cooked Research “Global Magnesium Oxide Market Research Report – Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022.
Martin Marietta Inc., Grecian Magnesite S.A., Premier Magnesia LLC, Ube Industries Ltd., Robert Half International AG, Magnezit Group Europe GmbH, Magnesita Refratários S.A., Küma Manyezit Sanayi A.?., Xinyang Mineral Group, Israel Chemical Ltd. and SMZ, a.s. Jelšava
Magnesium Oxide Market – Market Overview
Global Magnesium Oxide Market consumption is estimated to be propelled by increasing refractory consumption in major manufacturing industries namely, steel, glass, and ceramic. Among these industries, steel accounts for major share in overall refractory consumption and thus has great influence on Magnesiuim Oxide consumption. In terms of value, steel accounts over 60% share in the global refractory consumption. According to MRFR analysis, refractory industry is anticipated to be pegged at 53.41 million tonnes in 2022, growing at a CAGR of 3.2% over the forecast period. In addition to this, increasing use of Magnesium Oxide as wall boards in construction industry is antcipated to boost magnesia consumption across the globe. Moreover, growing environmental concerns for waste water effluent has fuelled Magnesium Oxide demand for waste water process. For instance, EPA (Environmental Protection Agency) has laid stringent regulatory framework in order to restrict the industrial waste water discharge and municipal waste to surface water. In 2015, the agency has signed final rule sets additional requirements for the waste water streams from desulfurization units. This rule has especially affected the power plants in United States. Owing to such regulations, chemical producers are investing on waste water treatment processes and waste water treatment chemicals. Magnesium Oxide is used as a source of magnesium nutrient in animal feed. Animal feed production is increasing owing to increasing industrialization of meat production.
Moreover, other factors such as rising global meat consumption, and rising awareness towards feed quality are anticipated to drive the Magnesium Oxide demand in animal feed application over the forecast period. Product wise, Magnesium Oxide can be classified as dead burned magnesia, caustic calcined magnesia, and fused magnesia. Most of the manufacturers are switching to fused magnesia in order to carter end users with the high performance refractory bricks.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/1983
However, stagnent steel production across the globe, mining restrictions in China, and increasing prefernce of alternatives in various applications are some of the major factors hampering overall market growth. Suitable alternatives are available for magnesium oxide in the market for most of its application. For instance, graphite and silicon carbide have similar properties as that of magnesium oxide and can withstand high temperature and are chemically stable. These materials are used as refractory materials in industries such as glass, ceramic, and steel. Thus increasing preference of such refractory materials is projected to restraint the market growth over the forecast period
Geographically, Asia-Pacific is the largest market for magnesium oxide. The magnesium oxide demand in the region is driven by industrial development in China. China is the leading consumer & producer of magnesium oxide accounting for more than 80% of global MgO production
Magnesium Oxide Market – Competitive Analysis
Magnesium Oxide Market production capacities are concentrated in China with more than 300 palyers present in the region. Chinese manufacturers are dominating the global supply of dead burned magnesia . Non-Chinese supplyers are situated in markets namely, Turkey, Israel, and Brazil. Most of the manufacturers use environmentally hazardous thermal reduction process for magnesia production. However, owing to stringent regulations on the production process manufacturers are switching to electrolysis. Electrolysis may reduce the profit margin for the manuifacturers which is easimated to be a major challenge for manufacturers.
Industry/ Innovation/ Related News
Jan 2017: MGX Minerals, a Canadian diversified mineral resources company owned a 8 million tonnes magnesite resources. Half of the rocks in the mines are made made of magnesium oxide. This is the largest resource of magnesium oxide out side China. Company has announced to commence a new production facility in Canada. This will influence the regional supplys of magnesium oxide inNorth America and Europe. China market is oversupplied and has major share in international exports.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/magnesium-oxide-market-1983
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Company Name: Market Research Future
Contact Person: Akash Anand
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune –