[175+ Pages Research Report] 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

What is the Magnesium oxide market growth

Which segment accounted for the largest Magnesium oxide market share

Who are the key players in the Magnesium oxide market

What are the factors driving the Magnesium oxide market

Contents

1. Executive Summary

2. Global Magnesium oxide Market

1. Product Overview

2. Market Definition

3. Segmentation

4. Assumptions and Acronyms

3. Research Methodology

1. Research Objectives

2. Primary Research

3. Secondary Research

4. Forecast Model

5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

1. Growth Drivers

2. Restraints

3. Opportunity

4. Trends

7. Correlation & Regression Analysis

1. Correlation Matrix

2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

1. Demand Risk Analysis

2. Supply Risk Analysis

10. Global Magnesium oxide Market Analysis

1. Porters Five Forces

1. Threat of New Entrants

2. Bargaining Power of Suppliers

3. Threat of Substitutes

4. Rivalry

2. PEST Analysis

1. Political

2. Economic

3. Social

4. Technological

11. Global Magnesium oxide Market

1. Market Size & forecast, 2020A-2030F

1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12. Global Magnesium oxide Market: Market Segmentation

1. By Regions

1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

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

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

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

2. By Type: Market Share (2020-2030F)

1. DBM, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. CCM, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. FM, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. By Application: Market Share (2020-2030F)

1. Refractory, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Agriculture, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Chemical Intermediates, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Construction, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

Company Profile

1. ICE

1. Company Overview

2. Company Total Revenue (Financials)

3. Market Potential

4. Global Presence

5. Key Performance Indicators

6. SWOT Analysis

7. Product Launch

2. Martin Marietta

3. RHI Magnesita N.V.

4. PremierMagnesia LLC

5. Grecian Magnesite S.A.

6. Kumas Magnesite Industry Inc

7. Ube Industries Ltd

8. Xinyang Mineral Group

9. Tateho Chemicals Industries Co

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.

Methodology/Research Approach

Research Programs/Design

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources