Magnesium oxide, also known as magnesia alba, is a tasteless, odorless, non-toxic and white hygroscopic solid mineral with high purity, high hardness, and high melting point. It is a rich source of magnesium ore that is found naturally as periclase. Magnesium oxide exhibits electrical, magnetic, chemical, and optical properties owing to its large specific surface area and small particle size. Therefore, it can be used in cement and ceramics, furnace linings, fuel additive and glass. End-users of magnesium oxide nanopowder include furnaces and boilers, paints and coatings, electrical, electronics, and construction industries. It also has niche uses in petrochemicals and textiles. Magnesium oxide nanopowder can be produced using magnesium carbonate or magnesium hydroxide. Magnesium hydroxide can be manufactured using manganese and nitric acid. However, high amount of energy is required during the process of calcination; hence, the production cost of manganese oxide nanopowder is high. Extensive research and development is being carried out to find cost-effective manufacturing techniques for magnesium oxide nanopowder
Furnace & boilers was the largest end-user segment of the magnesium oxide nanopowder market in 2014 and accounted for a share of more than 40% in the same year. Magnesium oxide nanopowder possesses higher thermal stability, which makes it a material of choice in refractories that use it in furnace linings and boilers. Rising demand for fuel additives and refractory materials is driving the magnesium oxide nanopowder market. Magnesium oxide nanopowder exhibits excellent fire-retardant properties and is least toxic and odorless. Magnesium oxide offers anti-corrosion properties; hence, it is used in paints and coatings for industrial applications.
Magnesium oxide nanopowder offers good insulating properties; hence, it is employed in high-frequency rod antenna and magnetic devices. Magnesium oxide is being used as a filler in electric insulating material, which is used in making crucibles, smelters, insulated conduits (tubular component), electrode bars, and electrode sheets, due to its excellent insulating tendency. Magnesium oxide nanopowder is used as an additive in oil production and as catalyst in fire-retardant textiles. It is also used in pharmaceuticals. Increase in environmental concerns and high cost of production are acting as barriers for the magnesium oxide nanopowder market.
In terms of region, Asia Pacific held the largest share of the global magnesium oxide nanopowder market and accounted for more than 35% of the volume share in 2014. Demand for magnesium oxide nanopowder in the region is estimated to be primarily driven by rapid increase in demand for electronics materials in China, India, and ASEAN countries. North America constituted the second-largest share of the global magnesium oxide nanopowder market in 2014. It was followed by Europe in the same year. The magnesium oxide nanopowder market in Middle East and Africa is anticipated to expand significantly in the next eight years, primarily due to growth in the petrochemical industry.
Mass production of magnesium oxide nanopowder will in turn reduce the manufacturing cost thereby increasing the applications of magnesium oxide nanopowder. Rising demand for fuel additives and increasing demand for refractory materials are also projected to drive the magnesium oxide nanopowder market in the near future. Demand for magnesium oxide nanopowder in flame retardant applications is expected to increase owing to rising safety concerns. Key players in the magnesium oxide nanopowder market are American Elements, US Research Nanomaterials, Inc., Stream Chemical, Inc., Eprui Nanoparticles & Microspheres Co. Ltd, Sigma Aldrich Corporation, Inframat Corporation, Reinste Nano Ventures Pvt. Ltd., NaBond Technologies Co., Limited, Nanostructured & Amorphous Materials, Inc., and SkySpring Nanomaterials, Inc.
This report analyzes and forecasts the market for magnesium oxide nanopowder at the global and regional level. The market has been forecast based on volume (tons) and revenue (US$ Mn) from 2015 to 2023. The study includes drivers and restraints of the global magnesium oxide nanopowder market. It also covers the impact of these drivers and restraints on demand for magnesium oxide nanopowder during the forecast period. The report also highlights opportunities in the magnesium oxide nanopowder market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global magnesium oxide nanopowder market. Porter’s Five Forces Model for the magnesium oxide nanopowder market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global magnesium oxide nanopowder market by segmenting it in terms of applications. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual applications in all the regions.
The study includes profiles of major companies operating in the global magnesium oxide nanopowder market. Key players profiled in the report are American Elements, US Research Nanomaterials, Inc., Stream Chemical Inc., Eprui Nanoparticles & Microspheres Co. Ltd, Sigma Aldrich Corporation, Inframat Corporation, Reinste Nano Ventures Pvt. Ltd., NaBond Technologies Co., Limited, Nanostructured & Amorphous Materials, Inc., and SkySpring Nanomaterials, Inc. Market players are profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The report provides the estimated market size of magnesium oxide nanopowder for 2015 and forecast for the next eight years. The global market size of magnesium oxide nanopowder has been provided in terms of volume and revenue. Market volume has been defined in tons, while market revenue is in US$ Mn. Market numbers are estimated based on key applications of magnesium oxide nanopowder. Market size and forecast for each major application have been provided in terms of global and regional markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoovers, oneSOURCE, Factiva, and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The report segments the global magnesium oxide nanopowder market as follows:
Magnesium Oxide Nanopowder Market - End-user Analysis
- Furnaces and boilers
- Paints and coatings
- Others (Including petrochemical, textile, etc.)
Magnesium Oxide Nanopowder Market - Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA