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Global Magnesium Oxide Market is expected to reach USD 6,543 million by the end of 2024

Author: QYResearch | Publish date: 2018-07-12 | Views: 13
Large mineral deposits of magnesite are located in China, North Korea, and Russia. China is the largest producer of magnesium oxide from natural magnesite, accounting for about 64% of the magnesium oxide produced in 2016. China’s abundant magnesite deposits result in most of its domestic producers manufacturing magnesium chemicals from this natural ore.

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In 2017, the global magnesium oxide market is led by China. Europe is the second-largest region-wise market. The global magnesium oxide market is valued at USD 4,168 million in 2017 and is expected to reach USD 6,543 million by the end of 2024, growing at a CAGR of 6.65% between 2017 and 2024.


Magnesium oxide’s various forms, from crude magnesite, to dead-burned (DBM), fused (FM), caustic calcined magnesia (CCM) and synthetic magnesium oxide. The principal driver for DBM and FM is the refractories industry, which is linked with steel and other metal production, as well as cement and glass. According to the report, around 70.03% magnesium oxide consumed in 2017 was used for refractories. The second application filed was the agriculture industry, which accounted for 11.68% in 2017.The remaining 18.29% was used in food, pharmaceutical, chemical, construction, environmental and industrial applications.


The Global Magnesium Oxide Market Research Report 2018 report released by QYResearch provides a basic overview of the Magnesium Oxide industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.


The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the household food storage containers industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


This research study involved the extensive usage of both primary and secondary data sources.  The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges.


Market Segment by Type, covers

·        Dead-Burned Magnesium Oxide (DBM)

·        Fused Magnesium Oxide (FM)

·        Caustic Calcined Magnesium Oxide (CCM)

·        Synthetic Magnesium Oxide

Market Segment Applications, can be divided into

·        Refractories Industry

·        Agriculture Industry

·        Chemical Industry

·        Construction Industry

·        Other

Microwave Oven Competitive landscape and key vendors

·        RHI-Magnesita

·        Magnezit Group

·        SMZ Jelsava

·        Martin Marietta Magnesia Specialties

·        Kumas Magnesite Works

·        Nedmag Industries

·        Grecian Magnesite

·        Navarras SA

·        Primier Magnesia

·        Baymag

·        Industrias Penoles

·        Ube Material Industries

·        ICL Industrial

·        Imerys

·        Haicheng Houying Group

·        Haicheng Magnesite Refractory

·        Haicheng Huayu Group

·        Jiachen Group

·        Liaoning Jinding Magnesite

·        Liaoning Wang Cheng Magnesium Group

·        Qinghua Refractory Group

·        Dashiqiao Huamei Group


Click to view the full report TOC, figure and tables

https://www.qyresearch.com/index/detail/331822/global-magnesium-oxide-market


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