The magnesium oxide market is forecasted to grow by USD 1.73 bn during 2023-2028, accelerating at a CAGR of 5.58% during the forecast period. The report on the magnesium oxide market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing steel production, growing demand for magnesium oxide from construction industry, and increasing demand from animal feed industry.
Technavio's magnesium oxide market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
4.64%
CAGR
5.58%
Incremental Value
$1.73bn
By Product Type
Dead burned magnesia
Fused magnesia
Caustic calcined magnesia
By Application
Refractories
Construction
Agriculture
Chemical
Others
By Geographical Landscape
APAC
Europe
North America
Middle East and Africa
South America
This study identifies the shift toward eco-friendly and sustainable magnesium oxide manufacturing practices as one of the prime reasons driving the magnesium oxide market growth during the next few years. Also, increasing scope for using magnesium oxide in treatment of toxic gases and increasing adoption of magnesium oxide in wastewater treatment will lead to sizable demand in the market.
The report on the magnesium oxide market covers the following areas:
Magnesium oxide market sizing
Magnesium oxide market forecast
Magnesium oxide market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading magnesium oxide market vendors that include AIR WATER INC., Baymag Inc., Bhavani chemicals, Compagnie Financiere et de Participations Roullier, Dr. Paul Lohmann GmbH and Co. KGaA, GRECIAN MAGNESITE SA, Haicheng Guangling Refractory Manufacturing Co. LTD., HOLY MAGNESIUM INDUSTRY DASHIQIAO CO. LTD., Imerys S.A., Industrias Penoles SAB de CV, Israel Chemicals Ltd., Lehmann and Voss and Co. KG, Martin Marietta Materials Inc., Nedmag B.V., Noah Chemicals, Paul Rauschert GmbH and Co. KG, Premier Magnesia LLC, RHI Magnesita GmbH, SCORA S.A., and Konoshima Chemical Co. Ltd.. Also, the magnesium oxide market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global magnesium oxide market 2018 - 2022
4.2 Product Type Segment Analysis 2018 - 2022
4.3 Application Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Product Type
6.1 Market segments
6.2 Comparison by Product Type
6.3 Dead burned magnesia - Market size and forecast 2023-2028
6.4 Fused magnesia - Market size and forecast 2023-2028
6.5 Caustic calcined magnesia - Market size and forecast 2023-2028
6.6 Market opportunity by Product Type
7 Market Segmentation by Application
7.1 Market segments
7.2 Comparison by Application
7.3 Refractories - Market size and forecast 2023-2028
7.4 Construction - Market size and forecast 2023-2028
7.5 Agriculture - Market size and forecast 2023-2028
7.6 Chemical - Market size and forecast 2023-2028
7.7 Others - Market size and forecast 2023-2028
7.8 Market opportunity by Application
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 North America - Market size and forecast 2023-2028
9.6 Middle East and Africa - Market size and forecast 2023-2028
9.7 South America - Market size and forecast 2023-2028
9.8 China - Market size and forecast 2023-2028
9.9 Japan - Market size and forecast 2023-2028
9.10 US - Market size and forecast 2023-2028
9.11 Germany - Market size and forecast 2023-2028
9.12 Italy - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Baymag Inc.
12.4 Compagnie Financiere et de Participations Roullier