Magnesium Oxide Nano powder

Magnesium Oxide Nano powder

Global Magnesium Oxide Nanopowder Market to Reach $3.9 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Magnesium Oxide Nanopowder estimated at US$2.6 Billion in the year 2020, is projected to reach a revised size of US$3.9 Billion by 2027, growing at a CAGR of 6% over the analysis period 2020-2027. Furnaces & Boilers, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach US$1.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Construction segment is readjusted to a revised 4.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $719.3 Million, While China is Forecast to Grow at 10.5% CAGR

The Magnesium Oxide Nanopowder market in the U.S. is estimated at US$719.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$850.6 Million by the year 2027 trailing a CAGR of 10.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$521 Million by the year 2027.

Electronics Segment to Record 7.1% CAGR

In the global Electronics segment, USA, Canada, Japan, China and Europe will drive the 7.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$195.8 Million in the year 2020 will reach a projected size of US$306.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 8.5% CAGR through the analysis period.

Select Competitors (Total 46 Featured) -

• American Elements
• Inframat Advanced Materials LLC.
• Merck KgaA
• Reinste Nano Ventures Pvt., Ltd.
• Sigma-Aldrich Corporation
• SkySpring Nanomaterials, Inc.
• Strem Chemicals, Inc.
• Us Research Nanomaterials, Inc.

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