The global fused magnesium oxide market is expected to display higher growth rate over the next five years. Rapid surge in this market is credited to the rising demand from refractory materials sector and ceramic industry. It is increasingly used for manufacturing of magnesia carbon brick and special ceramics.
Growing use of fused magnesium oxide for production of refractory material in furnaces, kilns, incinerators, and reactors is expected to drive the growth of fused magnesium oxide market over the coming years. Globally, this market is predicted to generate massive revenue over the next five years, providing numerous opportunities for industry participants to invest in research and development of fused magnesium oxides.
Electro fused magnesium oxide offer protection against high temperatures. Fused magnesium oxide is typically used as raw materials for ceramic crucibles and substrate. It offers light permeability in translucent field. This provide higher thermal conductivity in comparison with aluminum oxide, and minimizes the loss of electrolyte. It also finds application in heat resistant coating.
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Fused magnesium oxide is formed by fusing high purity magnesium oxide, which acts a raw material. Formation of fused magnesium oxide require constant monitoring of the cooling rate. It consists of unique characteristics such as superior transparency and high hardness of crystallinity. It has a higher melting point in comparison with aluminium oxide.
The fused magnesium oxide market is broadly categorized into major segments based on the application type such as refractory materials sector, ceramic industry, chemical intermediates sector, and electrical industry. Refractory materials segment is growing rapidly in the fused magnesium oxide market with substantial revenue generation in the last few years. Its growing popularity in refractory materials segment is attributed to the increasing product penetration and rising number of online distribution channels.
This market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in manufacturing sector, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated to hold a major share in the fused magnesium oxide market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rapid industrialization, increasing manufacturing activities, easy product availability, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the fused magnesium oxide market are RHI Magnesita N.V., The Martin Marietta Corp., Grecian Magnesite S.A., Premier Magnesia LLC, Ube Industries Ltd., Kumas Magnesite Industry, Inc., Dandong Xinyang Mineral Co., Ltd., Israel Chemicals Ltd., SMZ a.s., Tateho Chemicals Industries Co., and Baymag Inc.
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Global Market for fused magnesium oxide to 2023 offers detailed coverage of fused magnesium oxide industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading fused magnesium oxide producers to provide exhaustive coverage of the fused magnesium oxide.
Report contents include
• Analysis of the fused magnesium oxide market including revenues, future growth, market outlook
• Historical data and forecast
• Regional analysis including growth estimates
• Analyzes the end user markets including growth estimates.
• Profiles on fused magnesium oxide including products, sales/revenues, and market position
• Market structure, market drivers and restraints.
• North America
• Asia Pacific
• Middle East and Africa
• South America
• request free sample to get a complete list of companies
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