Global Magnesium Oxide Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global magnesium oxide market in its upcoming report titled, “Global Magnesium Oxide Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global magnesium oxide market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global magnesium oxide market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global magnesium oxide market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global magnesium oxide market report has been segmented on the basis of type, application, and region.

Magnesia or magnesium oxide is an alkaline earth metal oxide majority of it is obtained from calcination of naturally occurring minerals. Magnesium oxide is solid white material found naturally, other main source of magnesium oxide is seawater, underground deposits of brine and deep salt bed. It is also a mineral supplement used to prevent hypomagnesemia.

Increasing adoption of magnesium oxide from different industries such as chemical, medical, and construction industry is a major factor driving growth of the global magnesium oxide market. In addition, properties such as high thermal conductivity, low electrical conductivity is increasing its applicability in refrigeration, thermocouple tubes, brake linings, cements, and heating elements. Moreover, use of magnesium oxide in animal feed for magnesium nutrition in animals is expected to drive growth of the global magnesium oxide market.

However, health related side effects of magnesium oxide such as itching, rash, weakness, and stringent government regulation regarding use of magnesium oxide are major factors expected to restrain growth of the global magnesium oxide market.

Technological advancement such as synthesis of multifunctional magnesium oxide by various method and use of Nano-crystalline magnesium oxide recyclable catalyst for Wittig, is expected to present new opportunities to market players operating in the global magnesium oxide market over the forecast period.

North America market accounts for largest market share in terms of revenue as compared to that of markets in other regions. This is attributed to well-developed application segment such as chemical industry, medical industry, and cement industry. Europe market accounts for the second largest revenue share contribution to the global magnesium oxide market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to have the fastest growth in terms of revenue, owing to increase in industrial development in emerging economies in this region.

Global Magnesium Oxide Market Segmentation:

Global magnesium oxide market segmentation, by type:

• Light Burned Magnesium Oxide
• Hard Burned Magnesium Oxide
• Dead Burned Magnesium Oxide

Global magnesium oxide market segmentation, by application:

• Refractories Industry
• Agriculture Industry
• Chemical Intermediates
• Construction Industry
• Others

Global magnesium oxide market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa