Fused Magnesium Oxide Market Top Vendors, Revenue Drivers Analysis and Regional Outlook

The global fused magnesium oxide market research report provides insights on industry scope, key players, growth driving factors, key application, and regional estimates. It offers numerous opportunities for market players to invest in research and development. This syndicated research report also provides insights on market size, revenue drivers, supply chain analysis, and data-driven answers to many industry-level questions.

Market Overview:

Global fused magnesium oxide market is expected to witness substantial growth in the coming years due to high demand form the automotive industry. Magnesium oxide is a naturally occurring periclase white solid mineral and a source of magnesium. Fused magnesium oxide is perfectly crystallized, has strong resistance to corrosion, is dense in texture and performs excellently in high temperatures. It is gaining popularity since it performs well under extreme conditions. Fused magnesium oxide is majorly used to manufacture crucibles and furnace linings that produce alloy steels. It is also an excellent electrically insulated material.

Key Players:

• Grecian Magnesite S.A.
• ICL
• Baymag
• Martin Marietta
• PremierMagnesia
• SMZ
• a.s. Jelsava
• Xinyang Mineral Group

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Growth Drivers:

The major drivers of fused magnesium oxide market are increase in demand from agriculture and iron & steel industry, growth in industrialization and increasing emphasis on sustainable industry activities. Moreover, rise in demand from refractory application and steady growth in the industry is also driving the market. High availability of magnesium substitutes that decreases the demand for magnesium oxide is hampering the market growth. Magnesium substitutes have similar chemical and physical properties.

Market Segment:

Key Region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Regional Insights:

Geographically, market is divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to dominate the market due to existence of large number of market players, cheap labor, and outsourced production activities. North America and Europe are also leading the fused magnesium oxide industry due to growing technological advancements.

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