Global Calcined Magnesium Oxide Market Size (2023 – 2030)

As per our research report, in 2022, the Global Calcined Magnesium Oxide Market was valued at $2117 million, and is projected to reach a market size of $3583.6 million by 2030. Over the forecast period of 2023-2030, market is projected to grow at a CAGR of 6.8%.

Magnesium oxide also referred to as magnesia, is a white, alkaline compound with the chemical formula MgO that is found naturally in the earth's crust. It is made from the calcination of natural minerals and is extremely pure, tasteless, and colorless. It is strong, temperature resistant, corrosion resistant, and has a high melting point. It can either be extracted from magnesite ore using a pyrolysis method or recovered using an electrolysis method from saltwater. It is also used as a mineral supplement to avoid hypomagnesemia. By calcining magnesium carbonate or magnesium hydroxide, magnesium oxide is created. Different calcining temperatures result in magnesium oxide with varying levels of reactivity. High temperatures (between 1500 and 2000 °C) reduce the amount of surface area that is available and create dead-burned magnesia, an inert form that is employed as a refractory. Hard-burned magnesia, which has limited reactivity, is produced by calcining at temperatures between 1000 and 1500 °C. Light-burned magnesia, also known as caustic calcined magnesia, is produced by calcining at lower temperatures between 700 and 1000 °C. Although there is some carbonate breakdown to oxide at temperatures lower than 700 °C, the resultant substance seems to reabsorb carbon dioxide from the atmosphere. Magnesium oxide has a large application in the steel sector. Due to the industry's impressive recent growth, there will be a big demand pipeline for magnesium oxide on a global scale in the years to come. Apart from that, the growth of the non-ferrous metals, ceramics, and chemical sectors is anticipated to make the magnesium oxide market profitable. Some of the important factors driving the global magnesium oxide market include rising glass production and rising demand for magnesium oxide in fertilizers and animal feed.

COVID-19 pandemic impact on Calcined Magnesium Oxide Market

The global Covid pandemic's spread has significantly impacted the market for magnesium oxide as well as the development, production, and marketing of market items. Since the coronavirus pandemic spread throughout the world in March 2020, the vast majority of assembly and manufacturing facilities have either been forced to close due to lockdowns and other restrictions, or some have given up due to increased competition. This has further limited the ability of the market to stop undertakings because there are fewer market resources and raw materials available for optimal production.

MARKET DRIVERS:

The need for refractory materials is rising in the steel, glass, and ceramic sectors, which is propelling market expansion.

Magnesium oxide is gradually being employed as a refractory lining in the glass and ceramic industries. Magnesium oxide is utilized in refractory products such as refractory bricks, castable, monolithic gunning mixes, and other refractory uses for iron, steel, and foundry processes where corrosion resistance and high temperatures are critical. Consequently, it is anticipated that the rising demand for high-value refractory materials in several industries will increase global demand. In place of gypsum boards, magnesium oxide wallboard is utilized in building. Such wallboards are made of fire-resistant materials and are applied to walls, ceilings, and other surfaces. The need for eco-friendly products and aesthetics in the building and construction industry is driving growth in the worldwide wallboard market. The Asia Pacific is the fastest-growing magnesium oxide market in the globe, and China is likely to lead over the forecast period. Sales in China are being fueled by an increase in demand for dead burned magnesium, caustic calcined magnesium, and other types in industrial sectors.

Expanding usage of magnesium oxide in the production of fertilizers and wastewater treatment is anticipated to fuel market growth.

Rising magnesium oxide utilization in fertilizer production is anticipated to boost market expansion. The market is predicted to experience exponential expansion as a result of rising fertilizer demand brought on by the requirement for higher-yield production of premium crops. As a result, it is anticipated that the market for magnesium oxide would expand due to the rising need for fertilizers. Magnesium oxide use in wastewater treatment is anticipated to increase significantly over the forecast period, which is anticipated to drive market expansion for the product.

MARKET RESTRAINTS:

The expansion of the market is anticipated to be constrained by the availability of substitutes for magnesium oxide as a refractory application across end-use industries

Magnesia is being replaced in refractory applications with alumina, chromite, and silica. Thus, during the projection period, market development is estimated to be hampered by the rising use of magnesium oxide substitutes. Additionally, it is anticipated that several laws passed to reduce environmental emissions from steel and other industries may hinder the expansion of the magnesium oxide market in the years to come.

The adverse effects are likely to hinder the growth of the calcined magnesium oxide market

Magnesium oxide exposure can occasionally also result in hives, a rash, weakness, lightheadedness, unusual weariness, nausea, and vomiting. This element is anticipated to limit the expansion of the magnesium oxide market. Another significant hindrance to the expansion of the global industry is the growing difficulty of replacing graphite and silicon carbide due to their similar physical and chemical qualities.

CALCINED MAGNESIUM OXIDE MARKET REPORT COVERAGE:

This research report on the Calcined Magnesium Oxide market has been segmented based on type, end-user, and region.

Global Calcined Magnesium Oxide Market – By  Type

• Caustic Calcined
• Heavy Burned

Based on Type, the Calcined Magnesium Oxide Market is bifurcated into Caustic Calcined and Heavy Burned. By value, the Heavy Burned Magnesia market segment has the biggest market share with 56.6%, followed by Caustic Calcined Magnesia. Magnesium oxide that has been dead-burned has been calcined in a high-temperature shaft kiln at temperatures ranging from 1500°C to 2000°C, producing a material with extremely minimal reactivity. Magnesium oxides with a high degree of purity, dead burning, and low reactivity are the end products of this procedure. Additionally, these materials are ideal for the production of magnesia carbon refractory bricks, monolithic gunning refractories, specialist refractory applications (precast forms and castables), and other ceramics. A highly reactive form of magnesium oxide called caustic calcined magnesite is created by calcining or burning unprocessed magnesite at temperatures above 1000 °C. Water treatment, the manufacturing of feedstock, fertilizers, and some cosmetics are among the uses for caustic calcined magnesia. Magnesium oxide is a perfect material for refrigeration, cement, brake linings, thermocouple tubes, and heating components due to several features it possesses, including low electrical and high thermal conductivity. The expansion of the market is being driven by an increase in the use of magnesium oxide in a variety of sectors. Refractory, agriculture and architecture & construction are a few of the major sectors with impressive demand potential in the magnesium oxide market. In addition, magnesium oxide is being utilized more and more as a refractory lining in the glass, ceramic, iron, and steel industries.

Global Calcined Magnesium Oxide Market – By  End User

• Refractories
• Construction
• Agriculture
• Chemicals
• Others

Based on End Users, the Calcined Magnesium Oxide Market is bifurcated into Refractories, Construction, Agriculture, Chemicals, and Others. The increased use of magnesium oxide in numerous industries is what is fueling the market's growth. A few of the key industries in the magnesium oxide market with outstanding demand potential include refractory, agriculture, architecture, and construction. Magnesium oxide is also being used more and more in the glass, ceramic, iron, and steel industries as a refractory lining. Thus, the market for calcined magnesium oxide is projected to develop as a result of the growing industrialization in emerging economies. The application of this material in refrigeration, brake linings, thermocouple tubes,  cement, and heating components is growing as a result of its outstanding features, such as strong thermal conductivity and low electrical conductivity.

Global Calcined Magnesium Oxide Market - By Region:

• North America
• Europe
• Asia-Pacific
• Rest of the World

The Asia Pacific is anticipated to dominate the market since the major economies in this region depend heavily on agricultural practices and because magnesium oxide is mostly used in animal feeds to provide the nutritional needs of the animals. Additionally, the region's market expansion has been aided by the rising industrialization activities, which together with the abundance of raw materials available have increased demand for refractory materials, which are primarily employed in the iron and steel sector. Due to its highly developed industries and cutting-edge manufacturing facilities, India has been in the limelight for magnesium oxide producers for the past ten years and is currently the core of the fastest-growing magnesium oxide market in the Asia-Pacific region.

North America is anticipated to be the second-largest market due to the growing need for refractory materials across several industries, including the glass, steel, and ceramic industries. Due to its advanced industrial sectors and manufacturing infrastructure, the US is a top contender for stakeholders in the magnesium oxide market. Due to the rising demand for magnesium oxide from end-use industries and environmental concerns over greenhouse gas emissions, North America holds a significant portion of this market.

Germany has been the market leader in Europe for calcined magnesium oxide, and it is anticipated that it will remain in that position for the duration of the forecasted period. Fast-expanding manufacturing hubs, rising demand from the agricultural, refractory, and other industrial sectors, and other factors all contribute to Germany's economic growth.

The need for refractory materials has expanded across the Middle East and Africa in the steel, ceramic, and glass industries. Magnesium wallboard is in greater demand for use in fertilizer, animal feed, construction industries, and water treatment.

Major Key Players in the Market

The major players in the global Calcined Magnesium Oxide Market are

1. Magnezit Group
2. Grecian Magnesite
3. MAGNA-Magnesitas Navarras
4. Martin Marietta Magnesia Specialties
5. Baymag
6. Ube Material Industries
7. Premier Magnesia 
8. Haicheng Houying Group
9. Imerys
10. Haicheng Magnesite Refractory 
11. Jiachen Group
12. Haicheng Huayu Group
13. Liaoning Jinding Magnesite
14. Dashiqiao Huamei Group
15. Liaoning Wang Cheng Magnesium Group.