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Magnesium Oxide Market

Magnesium Oxide Market Forecasts to 2028 – Global Analysis By Product (Magnesium Hydroxide, Magnesium Ingot), Type (CCM, DBM, FM), Application (Agriculture, Rubber, Food, Cosmetic), Channel (Online, Offline) and By Geography

4.9 (16 reviews)
Published: July 2021 ID: SMRC20728
4.9 (16 reviews)
Published: July 2021 ID: SMRC20728

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Magnesium Oxide Market is accounted for $4,145.08 million in 2020 and is expected to reach $7,305.09 million by 2028 growing at a CAGR of 7.3% during the forecast period. Surging demand from refractory materials, increasing adoption of magnesium oxide from different industries and escalated demand from steel and iron industries are driving the market growth. However, increasing preference for alternatives and health related side effects of magnesium oxide are hampering the growth of the market.

Magnesium oxide is an alkaline earth solid white metal oxide and majority of it is obtained from calcination of naturally occurring minerals. Other main sources of magnesium oxide are seawater, underground deposits of brine and deep salt bed. It is highly pure in nature and with no taste or color. Magnesium oxide has a high melting point with high strength, temperature resistance, and high corrosion resistance.

Based on the type, the dead burned magnesia segment is going to have lucrative growth during the forecast period due to its excellent heat resistivity range, and as it is the primary component in refractory materials, thus leading to its widespread application in the market. By geography, North America is going to have high growth during the forecast period in terms of revenue as compared to that of markets in other regions as United States is leading in the world’s largest magnesium oxide industry in North America. This is attributed to well-developed application sectors in the region such as chemical industry, medical industry, and cement industry.

Some of the key players profiled in the Magnesium Oxide Market include Martin Marietta, Grecian Magnesite S.A., Ube Industries Ltd, Tateho Chemical Industries Co., Baymag Inc, Ube Industries Ltd,Qinghua Refractory Group Ltd, Dashiqiao Huamei Group, ICL Industrial Products: ICL IP, RHI Magnesita, PremierMagnesia LLC, Magnezit Group, Nedmag BV and Wuxi Zehui Chemical Co., Ltd.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 4,145.08 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

7.3%

Predicted 2028 Value:

USD 7,305.09 million

Forecast Years:

2021-2028

Tables, Graphs& Figures

190

Chapters Covered:

Product, Type, Application, Distribution Channel and Region

Core Drivers and Opportunities:

  • Surging demand from refractory materials
  • Escalated demand from steel and iron industries
  • Elevated use in magnesium wallboard application

Restraining Factors & Market Threats:

  • Increasing preference for alternatives
  • Health related side effects of magnesium oxide


Products Covered:
• High Grade Magnesium Oxide
• Magnesium Hydroxide
• Magnesium Ingot

Types Covered:
• Synthetic Magnesium Oxide
• Caustic Calcined Magnesia (CCM)
• Light Burned Magnesium Oxide
• Dead Burned Magnesia (DBM)
• Hard Burned Magnesium Oxide
• Fused Magnesia (FM)   

Applications Covered:
• Paper & Pulp
• Agriculture
• Construction
• Environment
• Medical / Pharmaceutical
• Agrochemical
• Rubber
• Healthcare
• Veterinary Drugs
• Water Treatment
• Chemical Intermediates
• Food
• Oriented Silicon Steel
• Refractory
• Cosmetic

Distribution Channels Covered:
• Online
• Offline

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Magnesium Oxide Market is majorly driven by increasing adoption of magnesium oxide from different industries, surging demand from refractory materials and escalated demand from steel and iron industries.

The dead burned magnesia segment is growing at a highest CAGR due to its excellent heat resistivity range, and as it is the primary component in refractory materials.

Asia Pacific dominated with a significant market share due to occurrence of chief agrarian economies and the increasing industrialization demanded the need for refractory materials particularly in the iron & steel industry.

North America market is growing at a highest CAGR owing to the well-developed application sectors in the region such as chemical industry, medical industry, and cement industry.

Key players in Magnesium Oxide Market include Martin Marietta, Grecian Magnesite S.A., Ube Industries Ltd, Tateho Chemical Industries Co., Baymag Inc, Ube Industries Ltd,Qinghua Refractory Group Ltd, Dashiqiao Huamei Group, ICL Industrial Products: ICL IP, RHI Magnesita, Premier Magnesia LLC, Magnezit Group, Nedmag BV and Wuxi Zehui Chemical Co., Ltd.

1 Executive Summary   
    
2 Preface   

 2.1 Abstract  
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology  
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources 
  2.5.2 Secondary Research Sources 
  2.5.3 Assumptions 
    
3 Market Trend Analysis   

 3.1 Introduction  
 3.2 Drivers  
 3.3 Restraints  
 3.4 Opportunities  
 3.5 Threats  
 3.6 Product Analysis  
 3.7 Application Analysis  
 3.8 Emerging Markets  
 3.9 Impact of Covid-19  
    
4 Porters Five Force Analysis   
 4.1 Bargaining power of suppliers  
 4.2 Bargaining power of buyers  
 4.3 Threat of substitutes  
 4.4 Threat of new entrants  
 4.5 Competitive rivalry  
    
5 Global Magnesium Oxide Market, By Product   
 5.1 Introduction  
 5.2 High Grade Magnesium Oxide  
 5.3 Magnesium Hydroxide  
 5.4 Magnesium Ingot  
    
6 Global Magnesium Oxide Market, By Type   
 6.1 Introduction  
 6.2 Synthetic Magnesium Oxide  
 6.3 Caustic Calcined Magnesia (CCM)  
 6.4 Light Burned Magnesium Oxide  
 6.5 Dead Burned Magnesia (DBM)  
 6.6 Hard Burned Magnesium Oxide  
 6.7 Fused Magnesia (FM)  
    
7 Global Magnesium Oxide Market, By Application   
 7.1 Introduction  
 7.2 Paper & Pulp  
 7.3 Agriculture  
 7.4 Construction  
 7.5 Environment  
 7.6 Medical / Pharmaceutical  
 7.7 Agrochemical  
 7.8 Rubber  
 7.9 Healthcare  
 7.10 Veterinary Drugs  
 7.11 Water Treatment  
 7.12 Chemical Intermediates  
 7.13 Food  
 7.14 Oriented Silicon Steel  
 7.15 Refractory  
 7.16 Cosmetic  
    
8 Global Magnesium Oxide Market, By Distribution Channel   
 8.1 Introduction  
 8.2 Online  
 8.3 Offline  
     
9 Global Magnesium Oxide Market, By Geography   

 9.1 Introduction  
 9.2 North America  
  9.2.1 US 
  9.2.2 Canada 
  9.2.3 Mexico 
 9.3 Europe  
  9.3.1 Germany 
  9.3.2 UK 
  9.3.3 Italy 
  9.3.4 France 
  9.3.5 Spain 
  9.3.6 Rest of Europe 
 9.4 Asia Pacific  
  9.4.1 Japan 
  9.4.2 China 
  9.4.3 India 
  9.4.4 Australia 
  9.4.5 New Zealand 
  9.4.6 South Korea 
  9.4.7 Rest of Asia Pacific 
 9.5 South America  
  9.5.1 Argentina 
  9.5.2 Brazil 
  9.5.3 Chile 
  9.5.4 Rest of South America 
 9.6 Middle East & Africa  
  9.6.1 Saudi Arabia 
  9.6.2 UAE 
  9.6.3 Qatar 
  9.6.4 South Africa 
  9.6.5 Rest of Middle East & Africa 
    
10 Key Developments   
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 10.2 Acquisitions & Mergers  
 10.3 New Product Launch  
 10.4 Expansions  
 10.5 Other Key Strategies  
    
11 Company Profiling   

 11.1 Martin Marietta  
 11.2 Grecian Magnesite S.A.   
 11.3 Ube Industries Ltd  
 11.4 Tateho Chemical Industries Co.   
 11.5 Baymag Inc  
 11.6 Ube Industries Ltd  
 11.7 Qinghua Refractory Group Ltd  
 11.8 Dashiqiao Huamei Group  
 11.9 ICL Industrial Products: ICL IP  
 11.10 RHI Magnesita  
 11.11 PremierMagnesia LLC  
 11.12 Magnezit Group   
 11.13 Nedmag BV  
 11.14 Wuxi Zehui Chemical Co.,Ltd       


List of Tables    
1 Global Magnesium Oxide Market Outlook, By Region (2019-2028) ($MN)   
2 Global Magnesium Oxide Market Outlook, By Product (2019-2028) ($MN)   
3 Global Magnesium Oxide Market Outlook, By High Grade Magnesium Oxide (2019-2028) ($MN)   
4 Global Magnesium Oxide Market Outlook, By Magnesium Hydroxide (2019-2028) ($MN)   
5 Global Magnesium Oxide Market Outlook, By Magnesium Ingot (2019-2028) ($MN)   
6 Global Magnesium Oxide Market Outlook, By Type (2019-2028) ($MN)   
7 Global Magnesium Oxide Market Outlook, By Synthetic Magnesium Oxide (2019-2028) ($MN)   
8 Global Magnesium Oxide Market Outlook, By Caustic Calcined Magnesia (CCM) (2019-2028) ($MN)   
9 Global Magnesium Oxide Market Outlook, By Light Burned Magnesium Oxide (2019-2028) ($MN)   
10 Global Magnesium Oxide Market Outlook, By Dead Burned Magnesia (DBM) (2019-2028) ($MN)   
11 Global Magnesium Oxide Market Outlook, By Hard Burned Magnesium Oxide (2019-2028) ($MN)   
12 Global Magnesium Oxide Market Outlook, By Fused Magnesia (FM) (2019-2028) ($MN)   
13 Global Magnesium Oxide Market Outlook, By Application (2019-2028) ($MN)   
14 Global Magnesium Oxide Market Outlook, By Paper & Pulp (2019-2028) ($MN)   
15 Global Magnesium Oxide Market Outlook, By Agriculture (2019-2028) ($MN)   
16 Global Magnesium Oxide Market Outlook, By Construction (2019-2028) ($MN)   
17 Global Magnesium Oxide Market Outlook, By Environment (2019-2028) ($MN)   
18 Global Magnesium Oxide Market Outlook, By Medical / Pharmaceutical (2019-2028) ($MN)   
19 Global Magnesium Oxide Market Outlook, By Agrochemical (2019-2028) ($MN)   
20 Global Magnesium Oxide Market Outlook, By Rubber (2019-2028) ($MN)   
21 Global Magnesium Oxide Market Outlook, By Healthcare (2019-2028) ($MN)   
22 Global Magnesium Oxide Market Outlook, By Veterinary Drugs (2019-2028) ($MN)   
23 Global Magnesium Oxide Market Outlook, By Water Treatment (2019-2028) ($MN)   
24 Global Magnesium Oxide Market Outlook, By Chemical Intermediates (2019-2028) ($MN)   
25 Global Magnesium Oxide Market Outlook, By Food (2019-2028) ($MN)   
26 Global Magnesium Oxide Market Outlook, By Oriented Silicon Steel (2019-2028) ($MN)   
27 Global Magnesium Oxide Market Outlook, By Refractory (2019-2028) ($MN)   
28 Global Magnesium Oxide Market Outlook, By Cosmetic (2019-2028) ($MN)   
29 Global Magnesium Oxide Market Outlook, By Distribution Channel (2019-2028) ($MN)   
30 Global Magnesium Oxide Market Outlook, By Online (2019-2028) ($MN)   
31 Global Magnesium Oxide Market Outlook, By Offline (2019-2028) ($MN)   
    
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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