Industry Background:
Corrosive MgO is burned at temperatures below 900 ° C. It is used in fertilizers, as animal feed, and as a raw material for various MgO chemicals to make pulp and paper, ceramics, and cement. A characteristic property of this type of MgO is it's moderate to high chemical reactivity. Corrosive magnesia is essentially amorphous magnesia with low lattice energy and is produced and finely ground at low temperatures. Corrosive magnesia is manufactured worldwide. China supplies low-cost, low-purity (~ 90% MgO) corrosive magnesia. Turkey (KUMAS) and Australia (Causmag) deliver high purity (~ 95% MgO) caustic magnesia. Low purity corrosive magnesia is used in industrial applications such as wastewater treatment. High purity corrosive magnesia is used in pharmaceuticals, cattle feed additives, fertilizers, adhesives, tires, magnetic material, etc.This growth is primarily driven by The Growing Need for Refractory Material in Furnaces, Kilns, Incinerators, and Reactors.
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Grecian Magnesite (Greece), RHI (Austria), American Elements (United States), Sibelco (Australia), Possehl Erzkontor GmbH&Co.KG (Germany), Chamotte Holdings (South Africa), LEHVOSS Nederland B.V. (Netherlands), Proteus Bio Power (Greece), Phulad Mines & Minerals Private Limited (India), SMZ Jelsava (Slovensko), Sharad Enterprises (India), S. V. Enterprises (India), Almora Magnesite Limited (India), Hindustan Produce Company (India) and Sri Krishna Chemicals (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident The Growing Demand for Magnesium Oxide in Fertilizers and Animal Feed. Major Vendors, such as Grecian Magnesite (Greece), RHI (Austria), American Elements (United States), Sibelco (Australia), Possehl Erzkontor GmbH&Co.KG (Germany), Chamotte Holdings (South Africa), LEHVOSS Nederland B.V. (Netherlands), Proteus Bio Power (Greece), Phulad Mines & Minerals Private Limited (India), SMZ Jelsava (Slovensko), Sharad Enterprises (India), S. V. Enterprises (India), Almora Magnesite Limited (India), Hindustan Produce Company (India) and Sri Krishna Chemicals (India) 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:
In 2020, The Refratechnik Group has entered into a share purchase agreement to acquire 100 per cent of QMAG Ltd, an Australian magnesia producer. QMAG is a fully-integrated producer of high-quality magnesia products with mining and production in Australia. With these agreement, QMAG has added vertical supply-chain integration in addition to existing partnerships and strengthen Refratechnik’s Baymag’s world class magnesia operations in Alberta, Canada.
Market Drivers
- The Growing Need for Refractory Material in Furnaces, Kilns, Incinerators, and Reactors.
- The Growth in the Ceramics, Nonferrous Metal and Chemical Industry
Market Trend
- The Growing Demand for Magnesium Oxide in Fertilizers and Animal Feed
Restraints
- The Growing Threat of Substitution
Opportunities
The Growing Industrialization in the Emerging Economies
Challenges
Lack of Awareness about Caustic Magnesia
AMA Research follow 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 showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse 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 include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Caustic Magnesia Study Sheds Light on
The Caustic Magnesia Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Caustic Magnesia industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Caustic Magnesia industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey 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 value they currently claim, or capture the new addressable opportunity.