Global Magnesium Oxide Market Research Report Forecast 2023Posted by Bharat Book on May 30th, 2018 Bharat Book Bureau Provides the Trending Market Research Report on “Global Magnesium Oxide Market By Type , By Application , By Region, By Country Forecast 2023”under Chemical & Materials category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. Market Synopsis of the Global Magnesium Oxides Market The Global Magnesium Oxides Market witnessed augmenting growth in 2016 and is projected to show the same trend during the forecast period. Asia Pacific and North America are the major regions that dominated the global market. Asia Pacific was the potential leader closely followed by North America and Europe. , the global magnesium oxide market was valued at USD 3,934.5 million in 2016 and is projected to reach USD 5,376.5 million by 2023. The global market, as a whole, is estimated to grow at a CAGR of 5.34% in terms of value and 5.07% in volume terms. Developing industrial sector coupled with the growing investment in public and private infrastructural development is considered as the primary factor driving the growth of the global magnesium oxide market. Moreover, the growing demand for agricultural products across the globe is also positively contributing to the market demand for magnesium oxide. However, the presence of substitutes such as graphite and silicon carbide is a major restraint in the growth of the market. Request a free sample copy of Magnesium Oxide Market Report @ In terms of the product, the dead-burned magnesia (DBM) is the leading segment across the globe and is projected to acquire a market share of over 70% during the forecast period, whereas the caustic calcined magnesia (CCM) is anticipated to be the fastest growing segment with a CAGR of over 5%. Magnesium oxides Market Share, by application 2016 (%) Sources: Regional Analysis The global agnesium oxides market is spanned across five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. As of 2016, Asia Pacific is the most promising regional market for magnesium oxide with a major contribution from China, Japan, and India. The region is anticipated to acquire the largest shares in terms of both value and volume during the given period. The North American market is mainly driven by the U.S. and Canada. The U.S dominated the North American market with a major market share in 2016 and is anticipated to grow at a CAGR of 4.40% whereas the Canadian market is projected to exhibit a higher CAGR of 4.80%. The growing demand from the developed industries such as glass, ceramics, and iron & steel among others is majorly contributing to this growth. Segmentation The magnesium oxide market is segmented on the basis of product type, application, and region. On the basis of the type, the market is segmented into DMB, CCM, and FM. The market on the basis of the application is segmented into refractory, agriculture, chemical intermediates, construction, and others. The market on the basis of the refractory is further segmented into steel, ceramics, glass, and others. On the basis of the agricultural, the market is further segmented into fertilizers and animal feed. The agricultural segment is further segmented into fertilizer and animal feed. Key Players Some of the key players operating in the global magnesium oxide market are RHI Magnesita N.V.(Austria), Martin Marietta (U.S.), Grecian Magnesite S.A. (Greece), PremierMagnesia LLC (U.S.), Ube Industries Ltd (Japan), Kumas Magnesite Industry Inc (Turkey), Xinyang Mineral Group (India), ICL (Israel), SMZ, a.s. Jelsava (Slovakia), Tateho Chemicals Industries Co. (Japan), and Baymag Inc ( Canada), among others. Key Findings • Global magnesium oxide market was valued at 10998.8 Kilo tons in 2017 and is anticipated to grow at an expanding CAGR Browse our full report with Table of Contents : About Bharat Book Bureau: Contact us at: Follow us on : Twitter, Facebook, LinkedIn, Google Plus Like it? Share it!More by this author |