Fused Magnesium Oxide Market Drivers, Cost Structure Analysis and Future Projetions till 2023
Global Fused Magnesium Oxide Market is expected to witness substantial growth in the coming years due to high demand form the automotive industry. Magnesium oxide is a naturally occurring periclase white solid mineral and a source of magnesium. Fused magnesium oxide is perfectly crystallized, has strong resistance to corrosion, is dense in texture and performs excellently in high temperatures. It is gaining popularity since it performs well under extreme conditions. Fused magnesium oxide is majorly used to manufacture crucibles and furnace linings that produce alloy steels. It is also an excellent electrically insulated material.
Global Fused Magnesium Oxide Market is expected to witness substantial growth in the coming years due to high demand form the automotive industry. Magnesium oxide is a naturally occurring periclase white solid mineral and a source of magnesium. Fused magnesium oxide is perfectly crystallized, has strong resistance to corrosion, is dense in texture and performs excellently in high temperatures. It is gaining popularity since it performs well under extreme conditions. Fused magnesium oxide is majorly used to manufacture crucibles and furnace linings that produce alloy steels. It is also an excellent electrically insulated material.
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<strong>Fused</strong> <strong>Magnesium</strong> <strong>Oxide</strong> <strong>Market</strong> <strong>Drivers</strong>,<br />
<strong>Cost</strong> <strong>Structure</strong> <strong>Analysis</strong> <strong>and</strong> <strong>Future</strong><br />
Projections <strong>till</strong> <strong>2023</strong><br />
“<strong>Fused</strong> magnesium oxide is perfectly crystallized, has strong<br />
resistance to corrosion, is dense in texture <strong>and</strong> performs<br />
excellently in high temperatures. It is gaining popularity since<br />
it performs well under extreme conditions.”<br />
Global <strong>Fused</strong> <strong>Magnesium</strong> <strong>Oxide</strong> <strong>Market</strong> is expected to witness substantial growth in the coming years due to high<br />
dem<strong>and</strong> form the automotive industry. <strong>Magnesium</strong> oxide is a naturally occurring periclase white solid mineral <strong>and</strong> a<br />
source of magnesium. <strong>Fused</strong> magnesium oxide is perfectly crystallized, has strong resistance to corrosion, is dense in<br />
texture <strong>and</strong> performs excellently in high temperatures. It is gaining popularity since it performs well under extreme<br />
conditions. <strong>Fused</strong> magnesium oxide is majorly used to manufacture crucibles <strong>and</strong> furnace linings that produce alloy<br />
steels. It is also an excellent electrically insulated material.<br />
The major drivers of fused magnesium oxide market are increase in dem<strong>and</strong> from agriculture <strong>and</strong> iron & steel industry,<br />
growth in industrialization <strong>and</strong> increasing emphasis on sustainable industry activities. Moreover, rise in dem<strong>and</strong> from<br />
refractory application <strong>and</strong> steady growth in the industry is also driving the market. High availability of magnesium<br />
substitutes that decreases the dem<strong>and</strong> for magnesium oxide is hampering the market growth. <strong>Magnesium</strong> substitutes<br />
have similar chemical <strong>and</strong> physical properties.<br />
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Increase in the number of mergers with suppliers by refractory organizations for ensuring consistent raw material supply<br />
is an emerging trend in the market. This saves cost <strong>and</strong> improves efficiency for the companies.<br />
<strong>Fused</strong> magnesium oxide market is categorized on the basis of type, application, <strong>and</strong> geography. On the basis of type,<br />
market is divided into dead-burned magnesia (DBM), caustic calcined magnesia <strong>and</strong> fused magnesia. Caustic calcined
magnesia segment is expected to hold larger share of the market due to high dem<strong>and</strong> from agriculture. Based on<br />
application, market is divided into chemical intermediates, application, refractory, construction, <strong>and</strong> others. Refractory<br />
segment is predicted to lead the fused magnesium oxide market in future.<br />
Geographically, market is divided into North America, Latin America, Europe, Asia Pacific, <strong>and</strong> Middle East & Africa.<br />
Asia Pacific is expected to dominate the market due to existence of large number of market players, cheap labor, <strong>and</strong><br />
outsourced production activities. North America <strong>and</strong> Europe are also leading the fused magnesium oxide industry due<br />
to growing technological advancements.<br />
The prominent players in fused magnesium oxide market comprise Grecian Magnesite S.A., ICL, Baymag Inc., Martin<br />
Marietta, PremierMagnesia LLC, SMZ, a.s. Jelsava, Xinyang Mineral Group, Kumas Magnesite Industry Inc., RHI<br />
Magnesita N.V., Tateho Chemicals Industries Co., <strong>and</strong> Ube Industries Ltd.<br />
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<strong>Market</strong> Segment:<br />
Report contents include<br />
• <strong>Analysis</strong> of the fused magnesium oxide market including revenues, future growth, market outlook<br />
• Historical data <strong>and</strong> forecast<br />
• Regional analysis including growth estimates<br />
• Analyzes the end user markets including growth estimates.<br />
• Profiles on fused magnesium oxide including products, sales/revenues, <strong>and</strong> market position<br />
• <strong>Market</strong> structure, market drivers <strong>and</strong> restraints.<br />
Key regions<br />
• North America<br />
• Europe<br />
• Asia Pacific<br />
• Middle East <strong>and</strong> Africa<br />
• South America<br />
Key Vendors
• request free sample to get a complete list of companies<br />
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