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
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.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 4,145.08 million |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
7.3% |
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Predicted 2028 Value: |
USD 7,305.09 million |
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Forecast Years: |
2021-2028 |
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Tables, Graphs& Figures |
190 |
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Chapters Covered: |
Product, Type, Application, Distribution Channel and Region |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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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.
Table of Contents
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.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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