Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Magnesium Oxide Market 2017–2027

Magnesium oxide is a chemical compound with formula MgO and occurs naturally as periclase. It is a source of magnesium and has a wide range of applications such as it is used as an insulator in industrial cables and refractory materials for the production of ceramic, steel, and glass. It is also used in animal feed for magnesium nutrition and in the production of fertilizers. Furthermore, it is also used across the pharmaceutical industry in the formulation of antacid. Additionally, it is also used as a pulp bleaching agent and due to its high alkalinity, it also finds application across the wastewater treatment process and flue gas desulphurization.

The global magnesium oxide market is projected to reach around US$ 8.5 billion by the end of 2027, in terms of revenue, growing at CAGR of 4.16% during the forecast period (2019-2027).

Drivers

The growing demand for magnesium oxide from refractories is a prime driver factor augmenting the market growth of magnesium oxide. According to the Coherent Market Insights analysis, the refractory industry is one of the key growth markets for magnesium oxide demand, which has been estimated to account for 54.8% share in terms of overall consumption. In terms of end-use, Iron and steel accounted for 74% share in terms of consumption of the overall refractory end-use, followed by cement & lime with a 13% share.

Increasing production of glass around the globe is expected to foster the market growth of magnesium oxide. According to the Alliance Group 2019, in 2018, the EU-28 glass production reached a volume of 36.5 million tons, a slight increase of 0.2% compared with 2017. Magnesium oxide is used as a refractory brick in the production of glass. Hence, the growing production of glass is projected to augment market growth. 

On basis of the region, Asia Pacific region dominated the global magnesium oxide market in 2018, accounting for 59.2% share in terms of value, followed by Europe and North America respectively.

Figure 1. Global Magnesium Oxide Market, Revenue Share (%), By Region, 2018

Magnesium Oxide  | Coherent Market Insights

Market Restraints

The availability of substitutes for magnesium oxide as a refractory application across end-use industries is expected to restrict the market growth. For example, alumina, chromite, and silica are being used as a substitute for magnesia across the refractory application. Hence, increasing utilization of substitutes for magnesium oxide is projected to hamper market growth over the forecast period.

Side effects associated with the consumption of magnesium oxides such as diarrhea and cramping is projected to hinder the market growth of magnesium oxide. Sometimes, exposure of magnesium oxide also caused itching, rash or hives, lightheadedness or dizziness, weakness, unusual fatigue, nausea, and vomiting. This factor is expected to restrict the market growth of magnesium oxide.

Market Opportunities

Increasing demand for magnesium oxide for exterior and interior wallboards is expected to propel the market growth over the forecast period. Magnesium oxide is effective materials for the construction of energy-efficient and durable buildings and also reduces the overall cost of construction. Hence, the growing usage of magnesium oxide in the production of wallboards is expected to propel the market growth over the forecast period.

Usage of MgO in wastewater treatment is expected to grow significantly over the forecast period and this is expected to propel the market growth of magnesium oxide. MgO is increasingly replacing lime as the pH balancer in the treatment of wastewater industries as it serves the major purpose of precipitation and neutralization of heavy metals. Therefore, the growing usage of MgO will favor market growth over the forecast period. 

Figure 2. Global Magnesium Oxide Market– Opportunity Analysis

Magnesium Oxide  | Coherent Market Insights

Market Trends

The rising trend of using fuse magnesia in refractories is projected to foster the market growth of magnesium oxide. Fused magnesia has excellent properties as compared to DBM and is now highly preferred across refractory applications. It has high magnesium content, larger crystal size, and higher density. Hence, growing trend of using fused magnesia across refractories application will positively impact the market growth of magnesium oxide.

Increasing usage of magnesium oxide in the production of fertilizers is expected to augment the market growth over the forecast period. The market is expected to gain exponential growth on the account of increasing demand for fertilizers due to the rising need for quality yield production. Hence, the growing demand for fertilizers is expected to foster the market growth of magnesium oxide.

Figure 3. Global Magnesium Oxide Market, Revenue Share (%), By Product Type, in 2018

Magnesium Oxide  | Coherent Market Insights

On the basis of the product type, the global magnesium oxide market, in 2018, the dead burned magnesia segment has accounted the largest market share of 56.6% in terms of value, followed by the caustic calcined magnesia and fused magnesia.

Figure 4. Global Magnesium Oxide Market– Value Chain Analysis

Magnesium Oxide  | Coherent Market Insights

Competitive Section

Key players operating in global magnesium oxide market are Martin Marietta Materials Inc., Grecian Magnesite S.A., Premier Magnesia, LLC, Ube Industries Ltd., Robert Half International AG, Magnezit Group Europe GmbH, Magnesita Refractories SA, Kumas Manyezit Sanayi A.S., SMZ, a.s. Jelšava, Xinyang Mineral Group, Premier Periclase Ltd., and Israel Chemicals Ltd.

Few Recent Developments

Magnezit Group Europe GmbH

  • In Jun 2015, Company launched a new product line ‘Russian Magnezit TM’, which includes DBM and FM, with MgO content 97% and above

Magnesium oxide is a chemical compound with formula MgO and occurs naturally as periclase. It is a chemical compound, also known as magnesia and has a wide range of applications. Moreover, magnesium oxide is mainly used across refractory bricks for ceramic, steel, and glass industries. It also used in the agriculture industry for the fertilizers and cattle feed.

 Market Dynamics

The global magnesium oxide market has witnessed significant growth in recent past years, owing to the increasing industrialization across the globe. Based on application, the global magnesium oxide market is bifurcated into the refractory, agriculture, industrial, and others. Among these segments, the refractory segment dominated the global magnesium oxide market in 2018, owing to the growing industrialization propelled the demand for the refractory materials coupled with the demand of refractory materials in the steel, ceramics, glass industries around the world. This factor is estimated to drive growth of the global magnesium oxide market during the forecast period.

Furthermore, Asia Pacific region dominated the global magnesium oxide market in 2018, owing to the rising demand for magnesium oxide in the various industries such as construction industry and ceramic industry in the region. As a result, this scenario is estimated to foster the growth of the global magnesium oxide market during the forecast timeframe.

Key features of the study:

  • This report provides in-depth analysis of the global magnesium oxide market, market size (US$ Billion), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2019–2027).
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, magnesium oxide products, regional outlook, and competitive strategy adopted by the leading players.
  • Key companies covered as a part of this study includes Martin Marietta Materials Inc., Grecian Magnesite S.A., Premier Magnesia, LLC, Ube Industries Ltd., Robert Half International AG, Magnezit Group Europe GmbH, Magnesita Refractories SA, Kumas Manyezit Sanayi A.S., SMZ, a.s. Jelšava, Xinyang Mineral Group, Premier Periclase Ltd., and Israel Chemicals Ltd.
  • It profiles leading players in the global magnesium oxide market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics.
  • The global magnesium oxide market report caters to various stakeholders in this industry, including investors, product developers, distributors, magnesium oxide companies, research institutes, new entrants, and financial analysts.
  • Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the global magnesium oxide market.

Market Taxonomy

  • Global Magnesium Oxide Market, By Application:
    • Refractory
    • Agriculture
    • Industrial
    • Others
  • Global Magnesium Oxide Market, By Product Type:
    • Dead Burned Magnesia 
    • Fused Magnesia
    • Caustic Calcined Magnesia
  • Global Magnesium Oxide Market, By Geography:
    • North America
      • U.S.
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • Canada
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
    • Europe
      • U.K.
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • Germany
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • Italy
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • France
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • Spain
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • Nordic
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • Benelux
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • Russia
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • Poland
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • Rest of Europe
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
    • Asia Pacific
      • China
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • India
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • ASEAN
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • South Korea
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • Rest of Asia Pacific
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
    • Latin America
      • Brazil
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • Mexico
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • Rest of Latin America
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
    • Middle East & Africa
      • GCC
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • South Africa
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
      • Rest of Middle East & Africa
        • By Application:
          • Refractory
          • Agriculture
          • Industrial
          • Others
        • By Product Type:
          • Dead Burned Magnesia 
          • Fused Magnesia
          • Caustic Calcined Magnesia
  • Company Profiles
    • Martin Marietta Materials Inc. *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Grecian Magnesite S.A.
    • Premier Magnesia, LLC
    • Ube Industries Ltd.
    • Robert Half International AG
    • Magnezit Group Europe GmbH
    • Magnesita Refractories SA
    • Kumas Manyezit Sanayi A.S.
    • SMZ, a.s. Jelšava
    • Xinyang Mineral Group
    • Premier Periclase Ltd.
    • Israel Chemicals Ltd.

 “*” marked represents similar segmentation in other categories in the respective section

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Product Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Magnesium Oxide Market, By Application, 2017 - 2027 (US$ Billion, Metric Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Refractory
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion, Metric Tons)
    • Agriculture
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion, Metric Tons)
    • Industrial
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion, Metric Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion, Metric Tons)
  5. Global Magnesium Oxide Market, By Product Type, 2017 - 2027 (US$ Billion, Metric Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Dead Burned Magnesia
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion, Metric Tons)
    • Fused Magnesia
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion, Metric Tons)
    • Caustic Calcined Magnesia
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion, Metric Tons)
  6. Global Magnesium Oxide Market, By Region, 2017- 2027 (US$ Billion, Metric Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Type, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • Rest of Latin America
          • Sub-region/ Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • Nordic
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • Benelux
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2019 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • North Africa
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
        • Rest of Middle East & Africa
          • Sub-region/ Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion, Metric Tons)
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion, Metric Tons)
  7. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Martin Marietta Materials Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • Grecian Magnesite S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • Premier Magnesia, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • Ube Industries Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • Robert Half International AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • Magnezit Group Europe GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • Magnesita Refractories SA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • Kumas Manyezit Sanayi A.S.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • SMZ, a.s. Jelšava
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • Xinyang Mineral Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • Premier Periclase Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • Israel Chemicals Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "Global Magnesium Oxide Market” – global forecast to 2027

Frequently Asked Questions

The global magnesium oxide market is estimated to reach around US$ 8.5 Billion by the end of 2027, in terms of revenue.
Major players operating in the global magnesium oxide market include Martin Marietta Materials Inc., Grecian Magnesite S.A., Premier Magnesia, LLC, Ube Industries Ltd., Robert Half International AG, Magnezit Group Europe GmbH, Magnesita Refractories SA, Kumas Manyezit Sanayi A.S., SMZ, a.s. Jelšava, Xinyang Mineral Group, Premier Periclase Ltd., and Israel Chemicals Ltd.
The availability of substitutes for magnesium oxide as a refractory application across end-use industries is one of the major factors that is expected to hamper growth of the market over the forecast period.
The growing demand for magnesium oxide from refractoriesis one of the major factors that is expected to propel growth of the market over the forecast period.
The global magnesium oxide market is estimated to exhibit a CAGR of 4.16% during the forecast period (2019-2027).
Among regions, Asia Pacificheld a dominant position in the global magnesium oxide market in 2018, accounting for 59.2% share, in terms of value, followed by Europe and North America respectively.
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