Industry Background:
Magnesium oxide type building boards are a relatively new alternative to traditional sheeting materials such as plywood, gypsum plasterboard, and fiber-cement board. They provide exceptional resistance to weathering, are fire-proof, are excellent at insulating sound, and have a range of other benefits as well. MGO boards are incredibly resilient to a number of forces, making them a durable building material. They will give ceilings more longevity and require very little maintenance, meaning that they will cost less in the long run. The Asia Pacific accounts large market share, owing to the growth in the residential sector in countries such as China and India.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Wedge India (India), Universal Building Products Pvt Ltd. (India), RPV Industries (India), EARCONS (India), North American MgO LLC (United States), Magnum Building Products (United States), SINH Building Solutions B.V. (Netherlands), Supertec Ceilings & Board (Pty) Ltd. (South Africa), Magmatrix Science & Technology (Group) Co., Ltd. (China) and Zhangjiagang Leader New Construction Material Co. Ltd. (China) |
This growth is primarily driven by Growing Demand for Residential and Commercial Buildings in the Developing Economies of APAC such as India and China and Excellent Fire & Acoustical Properties, Environment-Friendly, Offers Excellent Dimensional Stability under Heat and In Severe Moisture Environments.
Globally, a noticeable market trend is evident Structural Insulated Panels (SIPS) and Exterior Insulated Finish Systems (EIFS) Major Vendors, such as Wedge India (India), Universal Building Products Pvt Ltd. (India), RPV Industries (India), EARCONS (India), North American MgO LLC (United States), Magnum Building Products (United States), SINH Building Solutions B.V. (Netherlands), Supertec Ceilings & Board (Pty) Ltd. (South Africa), Magmatrix Science & Technology (Group) Co., Ltd. (China) and Zhangjiagang Leader New Construction Material Co. Ltd. (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On March 30, 2020, Innovative building products manufacturer Huber Engineered Woods LLC, a subsidiary of J.M. Huber Corporation, has acquired certain assets from Extreme Green Building Products, LLC, known for its range of non-combustible, magnesium oxide products.
Regulatory Insights:
MgO Board is a newly developed and upcoming green material for DRY Construction. This material is approved for use in the USA, PRC, Canada, and many other countries for various applications. The MgO board manufacturing quality should meet the ISO - 1182 International Fireproof Material Quality Standards.
Influencing Trend:
Structural Insulated Panels (SIPS) and Exterior Insulated Finish Systems (EIFS)
Market Growth Drivers:
Growing Demand for Residential and Commercial Buildings in the Developing Economies of APAC such as India and China and Excellent Fire & Acoustical Properties, Environment-Friendly, Offers Excellent Dimensional Stability under Heat and In Severe Moisture Environments
Challenges:
Availability of Several Cheaper Substitutes Such As Plywood, Gypsum Plasterboard, Fibre-Cement and Other Sheeting Materials and Extended Water Exposure Leads To Hydrothermal Expansion
Restraints:
High Cost of the MgO Boards than Gypsum Boards and Fluctuation in Raw Material Prices such as Magnesium Oxide, Fibres, and Others
Opportunities:
Growing Infrastructure and Construction Activities in Developing Economy and Rise in Per Capita Income in Economies such as India
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Magnesium Oxide Anti Fire Boards Market
- Analysis about New Entrants in Magnesium Oxide Anti Fire Boards Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Magnesium Oxide Anti Fire Boards Study Sheds Light on
The Magnesium Oxide Anti Fire Boards Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Magnesium Oxide Anti Fire Boards industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Magnesium Oxide Anti Fire Boards industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.