Magnesium Oxide Market Analysis, Latest Trends and Regional Growth Forecast by Types and Applications 2017

Magnesium Oxide Market
Global Magnesium Oxide Market Information- By type (Dead agnesia, Caustic Calcined Magnesia and Fused Magnesia),By application (Agriculture, Chemical intermediaries, and Construction industry) and By Region Forecast to 2022

Market Research Future Published a Half Cooked Research Global Magnesium Oxide Market Research Report – Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022.    

Martin Marietta Inc., Grecian Magnesite S.A., Premier Magnesia LLC, Ube Industries Ltd., Robert Half International AG, Magnezit Group Europe GmbH, Magnesita Refratários S.A., Küma Manyezit Sanayi A.?., Xinyang Mineral Group, Israel Chemical Ltd. and SMZ, a.s. Jelšava

Magnesium Oxide Market – Market Overview

Global Magnesium Oxide Market consumption is estimated to be propelled by increasing refractory consumption in major manufacturing industries namely, steel, glass, and ceramic. Among these industries, steel accounts for major share in overall refractory consumption and thus has great influence on Magnesiuim Oxide consumption. In terms of value, steel accounts over 60% share in the global refractory consumption. According to MRFR analysis, refractory industry is anticipated to be pegged at 53.41 million tonnes in 2022, growing at a CAGR of 3.2% over the forecast period. In addition to this, increasing use of Magnesium Oxide as wall boards in construction industry is antcipated to boost magnesia consumption across the globe. Moreover, growing environmental concerns for waste water effluent has fuelled Magnesium Oxide demand for waste water process. For instance, EPA (Environmental Protection Agency) has laid stringent regulatory framework in order to restrict the industrial waste water discharge and municipal waste to surface water. In 2015, the agency has signed final rule sets additional requirements for the waste water streams from desulfurization units. This rule has especially affected the power plants in United States. Owing to such regulations, chemical producers are investing on waste water treatment processes and waste water treatment chemicals. Magnesium Oxide is used as a source of magnesium nutrient in animal feed. Animal feed production is increasing owing to increasing industrialization of meat production.

Moreover, other factors such as rising global meat consumption, and rising awareness towards feed quality are anticipated to drive the Magnesium Oxide demand in animal feed application over the forecast period. Product wise, Magnesium Oxide can be classified as dead burned magnesia, caustic calcined magnesia, and fused magnesia. Most of the manufacturers are switching to fused magnesia in order to carter end users with the high performance refractory bricks.

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However, stagnent steel production across the globe, mining restrictions in China,  and increasing prefernce of alternatives in various applications are some of the major factors hampering overall market growth.       Suitable alternatives are available for magnesium oxide in the market for most of its application. For instance, graphite and silicon carbide have similar properties as that of magnesium oxide and can withstand high temperature and are chemically stable. These materials are used as refractory materials in industries such as glass, ceramic, and steel. Thus increasing preference of such refractory materials is projected to restraint the market growth over the forecast period

Geographically, Asia-Pacific is the largest market for magnesium oxide. The magnesium oxide demand in the region is driven by industrial development in China. China is the leading consumer & producer of magnesium oxide accounting for more than 80% of global MgO production

Magnesium Oxide Market – Competitive Analysis

Magnesium Oxide Market production capacities are concentrated in China with more than 300 palyers present in the region. Chinese manufacturers are dominating the global supply of dead burned magnesia . Non-Chinese supplyers are situated in markets namely, Turkey, Israel, and Brazil. Most of the manufacturers use environmentally hazardous thermal reduction process for magnesia production. However, owing to stringent regulations on the production process manufacturers are switching to electrolysis. Electrolysis may reduce the profit margin for the manuifacturers which is easimated to be a major challenge for manufacturers.

Industry/ Innovation/ Related News

Jan 2017: MGX Minerals, a Canadian diversified mineral resources company owned a 8 million tonnes magnesite resources. Half of the rocks in the mines are made made of magnesium oxide. This is the largest resource of magnesium oxide out side China. Company has announced to commence a new production facility in Canada. This will influence the regional supplys of magnesium oxide inNorth America and Europe. China market is oversupplied and has major share in international exports.

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