Fused Magnesia, also known as Magnesium Oxide (MgO), is an inorganic, non-metallic material that is produced by fusing magnesite ore in an electric arc furnace. It is a white, odorless, and non-combustible powder with excellent electrical, thermal, and chemical properties. Fused Magnesia is widely used in many industries, including the manufacturing of glass, ceramics, refractory materials, construction materials, agricultural products, and pharmaceuticals.
Fused Magnesia is highly sought after due to its high resistance to corrosion, thermal shock, and abrasion. It is also used as an abrasive agent in many industrial processes, and is used to manufacture certain types of insulation materials.
The global fused magnesia market is projected to witness growth over the forecast period owing to its increasing demand from the electrical and electronics industry. The growth in the demand for fused magnesia in the construction industry and its use in the production of construction materials is also driving the market growth. In addition, the growing demand for fused magnesia in the production of fertilizers and animal feed is expected to further fuel the market growth. The increasing demand for fused magnesia from the automotive industry, where it is used to manufacture components such as door handles and window frames, is expected to further drive the market growth.
The global Fused Magnesia market was valued at US$ 881.1 million in 2022 and is anticipated to reach US$ 972.3 million by 2029, witnessing a CAGR of 1.4% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Fused Magnesia Market available at: https://www.themarketreports.com/report/global-fused-magnesia-market-research-report
This report aims to provide a comprehensive presentation of the global market for Fused Magnesia, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Fused Magnesia.
The concentration of Fused Magnesia industry is low. The top 8 companies accounted for about 45% production volume market share. The major production regions mainly locate in China and Europe. And the major manufacturers are included RHI Magnesita, Magnezit Group, Liaoning Jinding Magnesite Group, Haicheng Magnesite, Kumas Manyezit Sanayi, Imerys Fused Minerals, Jiachen Group and GRECIAN MAGNESITE, etc.
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