Market Overview:
The global magnesium oxide wallboard 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 magnesium oxide wallboard from various end-use industries, such as interior decoration and exterior decoration. In addition, the growing construction industry is also contributing to the growth of this market. Based on type, the global magnesium oxide wallboard market can be segmented into thin, medium and thick boards. Thin boards are those that have a thickness of less than 9 mm, medium boards have a thickness between 9 mm and 18 mm while thick boards have a thickness greater than 18 mm. Among these types, thin boards are expected to witness higher growth during the forecast period owing to their low weight and easy installation properties. Based on application, the global magnesium oxide wallboard market can be segmented into interior decoration and exterior decoration. Interior decoration is further sub-segmented into ceilings & walls cladding; flooring; partition walls; false ceilings & suspended ceilings; kitchen cabinets & countertops; bathroom vanity units & accessories etc., while exterior decoration is sub-segmented into facades cladding (external walls); roofing systems (including waterproofing membranes); rainwater harvesting systems etc.
Product Definition:
Magnesium oxide wallboard is a board made from magnesium oxide, a mineral that is abundant in nature. It is used as a building material because it is fireproof and waterproof.
Thin:
Thin is a high-performance waterborne paint comprising of low VOC content. It has excellent adhesion to the substrate and can be easily applied by brush, roller or sprayer. Thin is ideal for use in humid conditions as it helps prevent mildew formation on walls and ceilings. The product also provides an easy clean up with just water; no harsh chemicals are required for removal as in other paints.
Medium:
Medium is a trade name for ground limestone, which is used as a raw material in the manufacturing of wallboard. It acts as an important ingredient in the production of cement and plaster. The most common types of medium are Type 1 and Type 2, which differ only slightly from each other. They both have high content of calcium carbonate (CaCO3) along with some minor ingredients such as iron oxide (Fe2O3), titanium dioxide (TiO2), clay, etc.
Application Insights:
Exterior decoration application led the global magnesium oxide wallboard market in 2017, accounting for over 60% of the overall revenue share. This is attributed to rising demand from construction and infrastructure sector, which is a major consumer of magnesium-based products. In addition, exterior decoration applications are projected to witness significant growth owing to increasing awareness regarding energy efficiency and reduction in carbon footprint among consumers across the globe.
Magnesium oxide wallboards with medium thickness are used for interior decoration applications as they offer superior sound insulation properties along with ease of installation process. Growing preference for designing modern interiors coupled with growing renovation activities in residential spaces has created positive outlook towards interior decoration application segment during forecast period.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a revenue share of over 40%. The region is expected to continue its dominance over the forecast period. This can be attributed to rising product demand from residential as well as commercial applications. Increasing construction activities in emerging economies such as China, India, Indonesia and Malaysia are also expected to drive the product demand further.
Europe is anticipated to witness significant growth during the forecast years on account of growing magnesium oxide wallboard production coupled with increasing renovation activities in countries such as Germany, U.K., Italy and Spain among others.
Growth Factors:
- Increasing demand from the construction industry for Magnesium Oxide Wallboard as a substitute for traditional materials such as plaster and concrete.
- Rising awareness about the benefits of Magnesium Oxide Wallboard among architects, builders, and consumers.
- Growing popularity of green building practices that promote the use of sustainable materials like Magnesium Oxide Wallboard.
- Technological advancements that have led to the development of more efficient and user-friendly Magnesium Oxide Wallboard products.
- The increasing affordability of Magnesium Oxide Wallboard due to economies of scale achieved by manufacturers
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnesium Oxide Wallboard Market Research Report
By Type
Thin, Medium, Thickness
By Application
Interior decoration, Exterior decoration
By Companies
Mago BP, Framecad, Magnastruct, Magnesium Oxide Board, Yunion, Beijing Hocreboard Building Materials, TRUSUS, Huacheng, Evernice Building, Yulong Technological Board, Mago BP, Futai Decorative Board
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
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Magnesium Oxide Wallboard Market Report Segments:
The global Magnesium Oxide Wallboard market is segmented on the basis of:
Types
Thin, Medium, Thickness
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
Interior decoration, Exterior decoration
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:
- Mago BP
- Framecad
- Magnastruct
- Magnesium Oxide Board
- Yunion
- Beijing Hocreboard Building Materials
- TRUSUS
- Huacheng
- Evernice Building
- Yulong Technological Board
- Mago BP
- Futai Decorative Board
Highlights of The Magnesium Oxide Wallboard 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:
- Thin
- Medium
- Thickness
- By Application:
- Interior decoration
- Exterior decoration
- 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 Magnesium Oxide Wallboard 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Magnesium oxide wallboard is a type of wallboard made from magnesium oxide, which is a mineral. It's often used in construction because it's an affordable and durable material that can be painted or stained to match the surrounding walls.
Some of the key players operating in the magnesium oxide wallboard market are Mago BP, Framecad, Magnastruct, Magnesium Oxide Board, Yunion, Beijing Hocreboard Building Materials, TRUSUS, Huacheng, Evernice Building, Yulong Technological Board, Mago BP, Futai Decorative Board.
The magnesium oxide wallboard market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnesium Oxide Wallboard 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 Magnesium Oxide Wallboard Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnesium Oxide Wallboard 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 Magnesium Oxide Wallboard 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 Magnesium Oxide Wallboard Market Size & Forecast, 2018-2028
4.5.1 Magnesium Oxide Wallboard Market Size and Y-o-Y Growth
4.5.2 Magnesium Oxide Wallboard Market Absolute $ Opportunity
Chapter 5 Global Magnesium Oxide Wallboard 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 Magnesium Oxide Wallboard Market Size Forecast by Type
5.2.1 Thin
5.2.2 Medium
5.2.3 Thickness
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Magnesium Oxide Wallboard 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 Magnesium Oxide Wallboard Market Size Forecast by Applications
6.2.1 Interior decoration
6.2.2 Exterior decoration
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnesium Oxide Wallboard 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 Magnesium Oxide Wallboard 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 Magnesium Oxide Wallboard Analysis and Forecast
9.1 Introduction
9.2 North America Magnesium Oxide Wallboard 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 Magnesium Oxide Wallboard Market Size Forecast by Type
9.6.1 Thin
9.6.2 Medium
9.6.3 Thickness
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 Magnesium Oxide Wallboard Market Size Forecast by Applications
9.10.1 Interior decoration
9.10.2 Exterior decoration
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 Magnesium Oxide Wallboard Analysis and Forecast
10.1 Introduction
10.2 Europe Magnesium Oxide Wallboard 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 Magnesium Oxide Wallboard Market Size Forecast by Type
10.6.1 Thin
10.6.2 Medium
10.6.3 Thickness
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 Magnesium Oxide Wallboard Market Size Forecast by Applications
10.10.1 Interior decoration
10.10.2 Exterior decoration
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 Magnesium Oxide Wallboard Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Magnesium Oxide Wallboard 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 Magnesium Oxide Wallboard Market Size Forecast by Type
11.6.1 Thin
11.6.2 Medium
11.6.3 Thickness
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 Magnesium Oxide Wallboard Market Size Forecast by Applications
11.10.1 Interior decoration
11.10.2 Exterior decoration
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 Magnesium Oxide Wallboard Analysis and Forecast
12.1 Introduction
12.2 Latin America Magnesium Oxide Wallboard 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 Magnesium Oxide Wallboard Market Size Forecast by Type
12.6.1 Thin
12.6.2 Medium
12.6.3 Thickness
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 Magnesium Oxide Wallboard Market Size Forecast by Applications
12.10.1 Interior decoration
12.10.2 Exterior decoration
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) Magnesium Oxide Wallboard Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Magnesium Oxide Wallboard 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) Magnesium Oxide Wallboard Market Size Forecast by Type
13.6.1 Thin
13.6.2 Medium
13.6.3 Thickness
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) Magnesium Oxide Wallboard Market Size Forecast by Applications
13.10.1 Interior decoration
13.10.2 Exterior decoration
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 Magnesium Oxide Wallboard Market: Competitive Dashboard
14.2 Global Magnesium Oxide Wallboard Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mago BP
14.3.2 Framecad
14.3.3 Magnastruct
14.3.4 Magnesium Oxide Board
14.3.5 Yunion
14.3.6 Beijing Hocreboard Building Materials
14.3.7 TRUSUS
14.3.8 Huacheng
14.3.9 Evernice Building
14.3.10 Yulong Technological Board
14.3.11 Mago BP
14.3.12 Futai Decorative Board
