Magnesium oxide, also called magnesia with chemical formula MgO, is a white solid mineral that occurs naturally as periclase and is a source of magnesium. MgO is used as an insulator in industrial cables, as a basic refractory material for crucibles and as a principal fireproofing ingredient in construction materials. Magnesium oxide is also utilized in the agricultural, chemical, food, pharmaceutical, environmental and industrial applications.



This report covers primarily magnesium oxide including four types: dead-burned magnesium oxide (DBM), fused magnesium oxide (FM), caustic calcined magnesium oxide (CCM) and synthetic magnesium oxide.

Market Analysis and Insights: Global Magnesium Oxide Market

Due to the COVID-19 pandemic, the global Magnesium Oxide market size is estimated to be worth US$ 7626.5 million in 2022 and is forecast to a readjusted size of US$ 8163.3 million by 2028 with a CAGR of 1.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Dead-Burned Magnesium Oxide (DBM) accounting for % of the Magnesium Oxide global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Refractories segment is altered to an % CAGR throughout this forecast period.

Europe is the largest market with about 43% market share. China and Japan are follower.

The key players are RHI Magnesita,Jiachen Group, Haicheng Huayu Group etc.

Global Magnesium Oxide Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Magnesium Oxide Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.


Segment by Type


Dead-Burned Magnesium Oxide (DBM)

Fused Magnesium Oxide (FM)

Caustic Calcined Magnesium Oxide (CCM)

Synthetic Magnesium Oxide


Segment by Application


Refractories

Agriculture

Chemical

Construction

Others


By Company


RHI Magnesita

Jiachen Group

Haicheng Huayu Group

Haicheng Houying Group

Haicheng Magnesite Group

Magnezit Group

Qinghua Refractory Group

KÜMAŞ Magnesite

SMZ, a.s. Jelšava

Magnesitas Navarras

Liaoning Wang Cheng Magnesium Group

Premier

Grecian Magnesite

Martin Marietta

Industrias Peñoles


Production by Region



North America

Europe

China

Latin America


Consumption by Region


North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Indonesia

Thailand

Malaysia

Philippines

Vietnam

Latin America

Mexico

Brazil

Argentina