Market Overview:
The global fused magnesium oxide market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for fused magnesium oxide from various end-use industries, such as steelmaking, cement, nonferrous metals industries, and others. In terms of volume, the North America region is expected to lead the global fused magnesium oxide market during the forecast period. The Asia Pacific region is projected to be the fastest-growing region in terms of value and volume during the forecast period.
Product Definition:
Fused magnesium oxide is a compound made of magnesium and oxygen. It is used in the production of ceramics, glass, and other materials.
96% Content:
Magnesium oxide is a type of mineral, which is widely used in the healthcare industry. It has a wide range of applications such as it can be used as an antacid for neutralizing stomach acid, absorbent for collecting urine and sweat, and ingredient in laxatives to remove waste from the body. Magnesium oxide also finds its use in pharmaceuticals to treat diseases like diarrhea where it helps replace lost electrolytes.
97% Content:
Magnesium oxide is a mineral, which has widespread application in the healthcare sector. 97% content of magnesium oxide is used for manufacturing Fused Magnesium Oxide (FMO), which finds its major application in dentistry as an anti-caking agent and to prevent any formation of crystals or clumps during storage and transportation. It also helps reduce the viscosity of the material, thereby increasing production efficiency by decreasing energy requirements for processing.
Application Insights:
The steelmaking application segment led the global market and accounted for more than 35.0% share of the overall revenue in 2017. The product is used as a protective layer in electric furnace to control oxidation when steelmaking oxygen is introduced into the furnace, which leads to an increase in production capacity and reduces power consumption by 50%.
Fusion-bonded magnesium oxide has excellent properties such as high melting point (2,450°C), low volatile content (less than 10 parts per million), low ash content (less than 5%), high density (1.8 g/cm3) and good refractoriness that make it suitable for use as a protective material over iron-based raw materials during cement manufacturing process. It also helps reduce operating costs by increasing production efficiency at lower temperatures without compromising on quality or performance of end products produced using fusion bonded materials.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global steel production, which has resulted in high demand from end-users of this product. China emerged as the largest producer and consumer of this product owing to easy availability at low prices.
The North America market is driven by growing consumption from end-use industries such as aerospace, automotive, construction, electronics among others. Increasing use in producing lightweight components coupled with rising magnesium content per vehicle has resulted in high demand for these products across this region over the past few years.
Europe accounted for a significant share of global revenue due to early adoption by several steelmakers and magnesium producers/exporters operating within Europe itself or neighboring countries including Russia and Turkey among others). Rising R&D activities related to fusion magnesia have led European companies including Altran Group S A.
Growth Factors:
- Growing demand from end-use industries such as construction, automotive and electronics
- Increasing penetration of magnesium oxide in various applications
- Rising demand for lightweight and high-performance materials in automotive and aerospace sectors
- Technological advancements in manufacturing processes of magnesium oxide
- Growing awareness about the benefits of magnesium oxide among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Fused Magnesium Oxide Market Research Report
By Type
96% Content, 97% Content, 98% Content, Others
By Application
Steelmaking, Cement, Nonferrous Metals Industries, Others
By Companies
RHI Magnesita, Magnezit Group, Liaoning Jinding Magnesite Group, Haicheng Magnesite, Kumas Manyezit Sanayi, Imerys Fused Minerals, Jiachen Group, GRECIAN MAGNESITE, RHI Magnesita
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Fused Magnesium Oxide Market Report Segments:
The global Fused Magnesium Oxide market is segmented on the basis of:
Types
96% Content, 97% Content, 98% Content, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Steelmaking, Cement, Nonferrous Metals Industries, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- RHI Magnesita
- Magnezit Group
- Liaoning Jinding Magnesite Group
- Haicheng Magnesite
- Kumas Manyezit Sanayi
- Imerys Fused Minerals
- Jiachen Group
- GRECIAN MAGNESITE
- RHI Magnesita
Highlights of The Fused Magnesium Oxide Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 96% Content
- 97% Content
- 98% Content
- Others
- By Application:
- Steelmaking
- Cement
- Nonferrous Metals Industries
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fused Magnesium Oxide Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fused magnesium oxide is a type of magnesium oxide that has been fused together into a single, larger particle. This makes it more durable and easier to handle than traditional magnesium oxide particles. It can also be more effective at absorbing light and heat, which makes it ideal for use in thermal applications such as insulation.
Some of the major companies in the fused magnesium oxide market are RHI Magnesita, Magnezit Group, Liaoning Jinding Magnesite Group, Haicheng Magnesite, Kumas Manyezit Sanayi, Imerys Fused Minerals, Jiachen Group, GRECIAN MAGNESITE, RHI Magnesita.
The fused magnesium oxide market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fused Magnesium Oxide Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fused Magnesium Oxide Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fused Magnesium Oxide Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fused Magnesium Oxide Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fused Magnesium Oxide Market Size & Forecast, 2018-2028
4.5.1 Fused Magnesium Oxide Market Size and Y-o-Y Growth
4.5.2 Fused Magnesium Oxide Market Absolute $ Opportunity
Chapter 5 Global Fused Magnesium Oxide Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Fused Magnesium Oxide Market Size Forecast by Type
5.2.1 96% Content
5.2.2 97% Content
5.2.3 98% Content
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fused Magnesium Oxide Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Fused Magnesium Oxide Market Size Forecast by Applications
6.2.1 Steelmaking
6.2.2 Cement
6.2.3 Nonferrous Metals Industries
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fused Magnesium Oxide Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fused Magnesium Oxide Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Fused Magnesium Oxide Analysis and Forecast
9.1 Introduction
9.2 North America Fused Magnesium Oxide Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Fused Magnesium Oxide Market Size Forecast by Type
9.6.1 96% Content
9.6.2 97% Content
9.6.3 98% Content
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Fused Magnesium Oxide Market Size Forecast by Applications
9.10.1 Steelmaking
9.10.2 Cement
9.10.3 Nonferrous Metals Industries
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Fused Magnesium Oxide Analysis and Forecast
10.1 Introduction
10.2 Europe Fused Magnesium Oxide Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Fused Magnesium Oxide Market Size Forecast by Type
10.6.1 96% Content
10.6.2 97% Content
10.6.3 98% Content
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Fused Magnesium Oxide Market Size Forecast by Applications
10.10.1 Steelmaking
10.10.2 Cement
10.10.3 Nonferrous Metals Industries
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Fused Magnesium Oxide Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fused Magnesium Oxide Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Fused Magnesium Oxide Market Size Forecast by Type
11.6.1 96% Content
11.6.2 97% Content
11.6.3 98% Content
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Fused Magnesium Oxide Market Size Forecast by Applications
11.10.1 Steelmaking
11.10.2 Cement
11.10.3 Nonferrous Metals Industries
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Fused Magnesium Oxide Analysis and Forecast
12.1 Introduction
12.2 Latin America Fused Magnesium Oxide Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Fused Magnesium Oxide Market Size Forecast by Type
12.6.1 96% Content
12.6.2 97% Content
12.6.3 98% Content
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Fused Magnesium Oxide Market Size Forecast by Applications
12.10.1 Steelmaking
12.10.2 Cement
12.10.3 Nonferrous Metals Industries
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Fused Magnesium Oxide Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fused Magnesium Oxide Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Fused Magnesium Oxide Market Size Forecast by Type
13.6.1 96% Content
13.6.2 97% Content
13.6.3 98% Content
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Fused Magnesium Oxide Market Size Forecast by Applications
13.10.1 Steelmaking
13.10.2 Cement
13.10.3 Nonferrous Metals Industries
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fused Magnesium Oxide Market: Competitive Dashboard
14.2 Global Fused Magnesium Oxide Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 RHI Magnesita
14.3.2 Magnezit Group
14.3.3 Liaoning Jinding Magnesite Group
14.3.4 Haicheng Magnesite
14.3.5 Kumas Manyezit Sanayi
14.3.6 Imerys Fused Minerals
14.3.7 Jiachen Group
14.3.8 GRECIAN MAGNESITE
14.3.9 RHI Magnesita
