Due to the different definitions of high purity MgO in different regions, in general, the purity of high purity MgO should be higher than 97.5%. The main statistical objects of this report are food grade, pharmaceutical grade and synthetic magnesium oxide. The definition of high purity MgO has always been ambiguous because the type of MgO is difficult to count. The report focuses on high value-added MgO because the industry is unique and different. In the report, high purity MgO is mainly used for oriented silicon steel, pharmaceutical industry, food industry, electrical magnesium, hydrotalcite, CPE cable, battery cathode material, rubber, thermal plastic, friction material, adhesive, petroleum catalyst, magnetic material, acetate, glass substrate and lithium magnesium silicate.
Due to the COVID-19 pandemic, the global High Purity Magnesium Oxide market size is estimated to be worth US$ 529 million in 2022 and is forecast to a readjusted size of US$ 669.4 million by 2028 with a CAGR of 4.0% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Pharmaceutical Grade Magnesium Oxide accounting for % of the High Purity Magnesium Oxide global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Electrician Magnesium segment is altered to an % CAGR throughout this forecast period.
Global High Purity Magnesium Oxide key players include JSC Kaustik, Tateho Chemical, ICL-IP, Kyowa Chemical, Russian Mining Chemical, etc. Global top five manufacturers hold a share about 32%. China is the largest market, with a share about 31%, followed by Europe and North America, both have a share over 40 percent. In terms of product, Synthetic Magnesium Oxide is the largest segment, with a share over 90%. And in terms of application, the largest application is Electrician Magnesium, followed by Rubber Industry, etc.
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
- Pharmaceutical Grade Magnesium Oxide
- Food Grade Magnesium Oxide
- Synthetic Magnesium Oxide
Segment by Application
- Electrician Magnesium
- Oriented Silicon Steel
- Pharmaceutical Industry
- Food Industry
- Rubber Industry
- Chlorinated Polyethylene Cable
- JSC Kaustik
- Tateho Chemical
- Kyowa Chemical
- Russian Mining Chemical
- Meishen Technology
- Buschle & Lepper S.A
- Zehui Chemical
- Konoshima Chemical
- Shanghai SIIC Zhentai Chemical
- Causmag International
- Shanxi Yinsheng Technology
- Qinghai Western Magnesium
- Martin Marietta Magnesia Specialties
- Grecian Magnesite
- Magnesia Mineral Compounds
- Celtic Chemicals Ltd
Production by Region
- North America
Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Mr. Shirish Gupta
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