Global Magnesium Oxide Market is segmented by Product Type (Dead Burned Magnesia, Caustic Calcined Magnesia, Fused Magnesia), Application (Refractory, Agriculture, Healthcare, Chemical Intermediates, Construction, Others), and by Region (North America, Europe, Asia Pacific, Middle East & Africa and South America). Global Magnesium Oxide market was valued at US$ XX Mn in 2017, and is expected to reach US$ XX Mn by 2026, at a CAGR of XXX % during forecast period.
Refractory materials maintain physical and chemical stability at high temperatures. Dead-burned magnesium oxide, which is produced in shaft and rotary kilns at temperatures over 1500oC, has reduced chemical reactivity and therefore is suited to refractory Applications.
The refractory segment has a high consumption share in the Magnesium Oxide market.
By far the largest consumer of magnesium oxide worldwide is the refractory industry. Monolithic gunnables, rammables, castables, spinel formulations, and magnesia carbon based refractory bricks, all formulated using magnesium oxide are widely used for basic steel refractory linings. These products are also used in ferroalloy, non-ferrous, glass and ceramic kiln Applications.
Asia Pacific accounts for highest market share in the Magnesium Oxide market.
The Asia Pacific is expected to be the key region in the Magnesium Oxide Market owing to the presence of major agrarian economies in the region. In addition, the increasing demand for magnesia-based cements in the building and construction industry is anticipated to drive the growth of the regional market.
The report covers a study of marketing and development strategies, along with the product portfolios of leading companies are RHI Magnesita N.V., Martin Marietta, Grecian Magnesite S.A., PremierMagnesia LLC, Ube Industries Ltd, Kumas Magnesite Industry Inc, Xinyang Mineral Group, Israel Chemicals Ltd, SMZ, a.s. Jelsava, Tateho Chemicals Industries Co., and Baymag Inc.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global Magnesium Oxide market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Magnesium Oxide market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global Magnesium Oxide market positioning of competitors.
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