Summary

Global Magnesium oxide market to surpass USD 8364.73 million by 2030 from USD 4821.95 million in 2020 at a CAGR of 5.7% in the coming years, i.e., 2021-30.

Product Overview
Magnesium oxide, often known as magnesia (MgO), is a hygroscopic combination generated by pyrolysis from magnesite ores or electrolysis from saltwater. Magnesium oxide has a long list of health advantages and can help ease the symptoms of a wide range of ailments. Magnesium oxide is widely employed in a variety of applications, including building, refractory, agricultural, and construction. It is widely used as a refractory layer in the ceramic and glass industries, as well as in the iron and steel industry.

Market Highlights
Global Magnesium oxide market is expected to project a notable CAGR of 5.7% in 2030.
Magnesium oxide's increasing use in a variety of industries is propelling the entire market forward. Some of the prominent industries supplying significant demand channels in the market for magnesium oxide include refractory, agriculture, and building and construction. Apart from that, magnesium oxide is increasingly employed as a refractory lining in the ceramic and glass industries, as well as in the iron and steel industry.



Global Magnesium oxide market: Segments
DBM segment to grow with the highest CAGR during 2020-30
Global Magnesium oxide market is segmented by type into DBM, CCM, and FM. DBM segment held the largest market share in the year 2020. Due to its superior heat resistivity range and widespread application in the industry, the DBM sector is expected to lead the magnesium oxide market.

Refractory segment to grow with the highest CAGR during 2020-30
Global Magnesium oxide market is divided by application into Refractory, Agriculture, Chemical Intermediates, and Construction. Over the forecast period, the refractory segment is projected to expand at the fastest pace. Due to their significant use in refractory applications due to their strong temperature resistivity, the refractory application segment emerged as the dominant segment.

Market Dynamics
Drivers
Rising demand for refractory materials and increasing industrialization
The Global Magnesium oxide market is expanding due to a variety of factors. Increased demand for refractory material in kilns, furnaces, reactors, and incinerators is one of the primary factors driving the market growth. One of the primary factors driving the Global Magnesium oxide market is increasing industrialization in developing countries. In the iron and steel sector, magnesium oxide is commonly used. As a result of the industry's extraordinary growth in recent years, the Global Magnesium oxide market is expected to see tremendous demand growth in the years ahead.

Development of nonferrous metals and rising glass production
Apart from that, the development of nonferrous metals, ceramics, and the chemical industry is expected to boost the market for magnesium oxide. The worldwide magnesium oxide market is being driven by rising glass production and rising demand for magnesium oxide in animal feed and fertilizers.

Restraint
Substitution from graphite and silicon carbide
The possibility of substitution from graphite and silicon carbide, which have similar physical and chemical features, is expected to be a major impediment to the growth of the worldwide magnesium oxide market.

Global Magnesium oxide market: Key Players
ICE

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Martin Marietta
RHI Magnesita N.V.
PremierMagnesia LLC
Grecian Magnesite S.A.
Kumas Magnesite Industry Inc
Ube Industries Ltd
Xinyang Mineral Group
Tateho Chemicals Industries Co
Other Prominent Players
Global Magnesium oxide market: Regions
Global Magnesium oxide market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Global Magnesium oxide market in APAC held the largest market share in the year 2020. The Asia Pacific is regarded as having improved its standing as a result of increased industrial funding, industrial automation, and industrial development. The need for magnesium oxide suppliers is being driven by the emergence of major agrarian economies in the regional market. Furthermore, as the world becomes more industrialized, the need for refractory materials has increased, notably in the iron and steel industry, boosting the magnesium oxide industry's expansion in the region.



Global Magnesium oxide market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Magnesium oxide market report also contains analysis on:
Magnesium oxide Segments:
By Type
DBM
CCM
FM
By Application
Refractory
Agriculture
Chemical Intermediates
Construction
Magnesium oxide Market Dynamics
Magnesium oxide Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Magnesium oxide Market Report Scope and Segmentation



Frequently Asked Questions
How big is the Magnesium oxide market?
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Table of Contents

Contents
1. Executive Summary
2. Global Magnesium oxide Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global Magnesium oxide Market Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Global Magnesium oxide Market
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Magnesium oxide Market: Market Segmentation
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Type: Market Share (2020-2030F)
12.2.1. DBM, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. CCM, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. FM, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Application: Market Share (2020-2030F)
12.3.1. Refractory, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Agriculture, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Chemical Intermediates, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.4. Construction, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. Company Profile
13.1. ICE
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Martin Marietta
13.3. RHI Magnesita N.V.
13.4. PremierMagnesia LLC
13.5. Grecian Magnesite S.A.
13.6. Kumas Magnesite Industry Inc
13.7. Ube Industries Ltd
13.8. Xinyang Mineral Group
13.9. Tateho Chemicals Industries Co
13.10. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.