Global Magnesium Oxide Nanopowder Market: Snapshot
The global magnesium oxide nanopowder market is anticipated to witness a significant growth in the coming years owing to its different applications in various industries. Magnesium oxides which known by the name of magnesia alba, has no taste, and odor. It is a non-toxic hygroscopic solid mineral which has high melting point. This mineral is known to highly pure in nature. Reasons leading to magnesium oxide to be used in various cement, ceramics, fuel additive, glass, and furnaces linings is its displays magnetic, electrical, optical, and chemical properties due to its small particle size and large specific surface area.
However, it has been noticed that increasing population who are concerned about the environment owing to the rise in greenhouse gas and depletion of oxygen is anticipated to create a roadblock in the path of the market growth. Apart from this, expensive cost of production is likely to deter the market growth. Nonetheless, the specific properties of magnesium oxide is anticipated to drive the market by finding its application in other industries. The global magnesium oxide nanopowder market is predicted to expand at a robust CAGR of 8.30% during the forecast period, 2015 – 2023. The market by the end of the assessed period is likely to touch US$3.4 bn fromUS$1.6 bn in 2014.
Surge in Demand for Refractory Materials to Fuel the Demand
The global magnesium oxide nanopowder market is classified on the basis of end user and region. On the basis of end user, the market is segregated into paints and coatings, electronics, construction, furnaces and boilers, and electrical. Amongst the pack, furnace and boilers held the major share in the market. Magnesium oxide nanopowder which possess a higher thermal stability is an idle material for refractories that is used by furnace linings and boilers. The furnace and boiler end user segment held a whopping share of 40% in recent years. Apart from these, owing to anti corrosion and fire-retardant properties, magnesium oxide nanopowder is extensively used in paints and coatings applications. Due to high insulating nature of magnesium oxide nanopowder, it finds its usage as a filler in electric insulating material which can be used in crucibles, insulated conduits, electrode sheets, electrode bars, and smelters.
Aggressive construction activities all across the world, particularly in the developing countries such as Brazil, South Africa, Egypt, India, China, and Japan, have helped the market to grow at an exponential rate. Recently, owing to an extensive research and development at the Northeastern University, found out that magnesium oxide nanoparticles exhibit properties that are favorable for using it in orthopedic tissue engineering. This has created a whole new growth opportunity for the market. Use of magnesium oxide nanopowder in the healthcare sector would help the market to grow stupendously. Apart from these, magnesium oxide nanopowder is used extensively in the pharmaceutical industry. Robust growth of pharmaceutical industry due to rising number of disorder cases along with rise in geriatric population is likely to catapult the global magnesium oxide nanoparticles market. It has been noticed that mass production of magnesium oxide nanopowder is expected to plunge down the manufacturing cost, this will help twitch up the applications of magnesium oxide nanopowder.
High Demand for Electronics Materials, Makes Asia Pacific to Rise High
On the basis of geography, the market is spread across North America, Asia Pacific, Latin America, Middle East and Africa, and Europe. Recently, Asia Pacific held a lion’s share in terms of volume owing to increase in demand for electronics materials in China, India, and other Asian countries. The region held a mind boggling 35% of the overall market in terms of volume. However, North America holds the second spot owing to rise in petrochemical industry. The Middle East and Africa is anticipated to grow in years to come. Some of the major players in the market are American Elements, Nanostructured & Amorphous Materials, Inc., US Research Nanomaterials, 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