According to a recent market study published by Growth Market Reports (GMR), titled, “Global High Purity Magnesium Oxide Market by Types, Applications, and Regions: Size, Share, Trends, and Opportunity Analysis, 2020-2027”, the market was valued at USD 257.2 Million in 2019 and is anticipated to expand at a CAGR of 5.2% between 2020 and 2027. In terms of volume, the global high purity magnesium oxide market is anticipated to expand at a CAGR of 5.0% during the forecast period. The global high purity magnesium oxide market is anticipated to grow due to the growing demand in pharma industry for maintaining product quality.
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The global high purity magnesium oxide market is fragmented based on types, applications, and regions. In terms of types, the market is trifurcated into pharmaceutical grade magnesium oxide, food grade magnesium oxide, and synthetic magnesium oxide. On the basis of applications, the market is divided into oriented silicon steel, silicon steel coating, pharmaceutical industry, food industry, electrician magnesium, hydrotalcite, and rubber industry. Based on regions, the global high purity magnesium oxide market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America is bifurcated into the US and Canada. Latin America is segmented into Brazil, Mexico, and Rest of Latin America, while Asia Pacific is sub-segmented into China, Japan, South Korea, Australia, Southeast Asia, and Rest of Asia Pacific. The Europe region is categorized as Germany, France, Italy, the UK, Spain, Russia, and Rest of Europe. MEA is divided into Saudi Arabia, South Africa, the UAE, and Rest of MEA.
High purity magnesium oxide is odorless and has non-toxic properties, which make it a preferred choice for industrial applications. The high purity magnesium oxides have a high melting point and hardness and it appears in white powder form. The demand for high purity magnesium oxide is rising, as a high-temperature dehydrating agent for the production of rubber, steel, silicon, and pharma. Moreover, growing usage in end-use applications such as silicon steel, chemicals, electrical, rubber, pharmaceuticals, and food additives are expected to drive the market during the forecasted period.
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As per GMR industry analyst Vidya Jadhav, “The global high purity magnesium oxide market is anticipated to grow at a substantial pace during forecast period, from 2020 to 2027, due to the rising demand for pharmaceuticals, steel, and others. Moreover, increase in the acceptance of high purity magnesium oxide as a fire retardant in flame retardant chemicals is projected to drive the chemical industry, thus fueling the high purity magnesium oxide market.”
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Report Metric |
Details |
Market Value in 2019 |
USD 257.2 Million |
Market Growth Rate (from 2020 to 2027) |
5.2% |
Historical Data |
2017 & 2018 |
Base Year |
2019 |
Forecast Period |
2020 – 2027 |
Units Considered |
Value (USD Million) and Volume (K Tons) |
Market Segments |
Types and Applications |
Regional Scope |
North America, Europe, Latin America, Asia Pacific, and Middle East & Africa (MEA) |
Country Scope |
The US, Canada, Brazil, Mexico, Rest of Latin America, China, Japan, South Korea, India, Australia, Southeast Asia, Rest of Asia Pacific, Germany, France, Italy, the UK, Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, the UAE, and Rest of MEA. |
Key Companies Profiled |
AKO KASEI CO., LTD., Buschle & Lepper SA, Causmag International, Celtic Chemicals, elitechemical.com, Hebei Meishen Technology Co., Ltd., INTERMAG sp. z o.o., JSC KAUSTIK, Konoshima Co., Ltd., Kyowa Chemical, Lehmann & Voss & Co., MAGNESIA GmbH, MAGNIFIN, Russian Mining Chemical, SCORA S.A.S, Tateho Chemical Industries Co., Ltd. , and Ube Material Industries, Ltd. |
Customization Scope |
Report customization available on request |
Pricing and Purchase Options |
Avail tailor-made purchase options to meet your research requirements |
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