Global Magnesium Oxide Market will Cross USD 5376.5 Billion Mark by 2030

Magnesium Oxide Market Highlights

The global magnesium oxide market is anticipated to grow at 5.34% CAGR during the forecast period 2021-2030. Surging demand for refractory materials and progress of the ceramics sector will be the key factors determining growth potential of the magnesium oxide market, suggest analysts. The magnesium oxide market report suggests that threat of substitution as well as demand for graphite and silicon carbide will affect the market growth. During the forecast period 2021-2030 the market for magnesium oxide will reach US$5,376.5 million by 2030. The growth in the magnesium oxide market to remain positive across all the type, end-users, and applications segments, however, segments like ron & steel and glass industry have experienced increased growth during the forecast period 2021-2030.

 

Escalated demand from steel and iron industries and intensification in demand from the animal feed sector are said to be the key magnesium oxide market growth factors. Although, during the forecast period 2021-2030, the factors like reduction in demand from certain sectors and mounting threat of substitution could hamper the magnesium oxide market growth. The global magnesium oxide market report also covers type, end-users, and applications segments and in-depth analysis of Europe, Asia-Pacific, North America, and the Middle East and Africa regions.

 

Market SegmentationThe global magnesium oxide market is segmented based on type, end-users, and applications. The magnesium oxide market is further segmented based on type into caustic calcined magnesia, fused magnesia, and dead burned magnesia. The magnesium oxide market is also segmented into ron & steel and glass industry on the basis of end-users. Furthermore, the magnesium oxide market market is categorized based on applications into agriculture, chemical intermediates, construction, refractory.

 

Substitution threat may hinder the magnesium oxide market growth. The market research report suggests that companies in the magnesium oxide market could be supported by surging demand for refractory materials as well as intensification in demand from the animal feed sector during the forecast period. The magnesium oxide market is set to register growth at a high CAGR owing to these key factors. The type, end-users, and applications segments along with regional markets have been analyzed in the global magnesium oxide market research report. The research analysts studying the magnesium oxide market have put out market forecasts in the magnesium oxide market research report in order to support magnesium oxide market-based companies. The magnesium oxide market research report provides an extensive understanding of the magnesium oxide market based on the information and forecasts till 2023.

 

The magnesium oxide market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global magnesium oxide market research report reveals that APAC, North America, and Europe regional magnesium oxide markets will dominate the global market for magnesium oxide during the forecast period 2021-2030. As per magnesium oxide market analysts, the market is set to witness tremendous growth across ron & steel and glass industry segments in North America which covers magnesium oxide markets across the United States, Canada, Mexico and several other regional markets. Companies active in the magnesium oxide market are also analyzed and studied in the magnesium oxide market research report.

 

Growth factors such as progress of the ceramics sector as well as escalated demand from steel and iron industries are set to drive the market growth across the European regional market for magnesium oxide. This region covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the magnesium oxide market research report covers the Asia-Pacific region covering magnesium oxide markets from India, China, Japan, Australia, and others. The magnesium oxide market is also spread across the rest of the world. The magnesium oxide market report covers all such regions including the Middle East, Africa, Brazil, and others.

 

The demand for magnesium oxide has increased significantly over the years, due to the surge in animal stock and massive global populations. Companies functioning in the global magnesium oxide market are also being challenged due to substitution threat and reduction in demand from certain sectors. Mergers and acquisitions by magnesium oxide market companies are anticipated to help the market during the forecast period 2021-2030. As the magnesium oxide market is set to register a high CAGR of 5.34%  and is also anticipated to reach a US$5,376.5 million by 2030., the report highlights key areas companies need to focus on. Based on SWOT analysis and magnesium oxide market’s analysis based on Porters’ Five Force Model presented in the magnesium oxide market report.

 

Growing demand from the animal feed sector, as per the magnesium oxide market research report will support the growth. The global magnesium oxide market might face slow growth due to demand for graphite and silicon carbide. The report suggests that the magnesium oxide market will see a healthy growth in the long run till 2030. The magnesium oxide market research report offers detailed analysis of major organizations across the magnesium oxide market. The global magnesium oxide market research report offers analysis based on data collected from the magnesium oxide market’s decision makers as well as primary and secondary sources. The magnesium oxide market research report presents analysis based information for companies functioning in the magnesium oxide market.

 

A Specialty bio-farma firm, RedHill Biopharma, declared today the closure, at a cost to the market of $8.00 per ADS of its originally scheduled undersigned new listing of the Company's 4,375,000 USD shares. Each ADS is a total of 10 common shares of the Company, par value NIS 0.01 per share. Before deducting discounts and fees and offering expenses, the total revenues to RedHill are 35 million dollars. The Company plans to use the net proceeds from this sale to finance its clinical research, marketing and purchases services and corporate purposes