Global Magnesium Oxide Nanoparticle Market 2017-2021
About Magnesium Oxide Nanoparticle
Magnesium oxide nanoparticles are non-toxic and odorless in nature with high hardness, high purity, and a high melting point. These are available in the white powdered form and are prepared using various methods such as hydrothermal, sol-gel, chemical vapor deposition, physical vapor deposition, and micro-emulsion method. The size of magnesium oxide nanoparticles is controlled by varying the processing conditions. Sol-gel and hydrothermal methods are popularly used for the manufacturing of magnesium oxide nanoparticles.
Technavio’s analysts forecast the global magnesium oxide nanoparticle market to grow at a CAGR of 7.65% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global magnesium oxide nanoparticle market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Magnesium Oxide Nanoparticle Market 2017-2021
Technavio recognizes the following companies as the key players in the global magnesium oxide nanoparticle market: American Elements, EPRUI Nanoparticles & Microspheres, Inframat Corporation, SkySpring Nanomaterials, and Strem Chemicals
Other Prominent Vendors in the market are: American International Chemical (AIC), MARTIN MARIETTA MAGNESIA SPECIALTIES, NaBond Technologies, Nano Labs, Nanostructured & Amorphous Materials, NanoScale Corporation, and REINSTE.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing usage as fuel additive. When magnesium oxide nanoparticles are added to fuel, these inhibit static discharge, prevent corrosion, and help to keep the fuel system clean and clear. Thus, these are generally used in internal combustion engines. Total Power has launched a new product TPx NTek. It uses magnesium oxide nanoparticles as fuel additives. Magnesium oxide nanoparticles are used as they can reduce scaling and ash and are able to cover and protect more surface area while staying in solution. The decrease in particle size increases the active surface area of magnesium oxide nanoparticles. Thus, a larger area can be treated using the product in low quantity.”
According to the report, one of the major drivers for this market is Superior properties of magnesium oxide nanoparticles. Magnesium oxide nanoparticles are non-toxic and odorless white powdered materials. In addition, these nanoparticles have superior properties such as high melting point, purity, and hardness. These nano-sized materials have uniform shapes and properties such as refractoriness, high compressive strength, and wear resistance. Because of all these properties, magnesium oxide nanoparticles are used as reinforcement in the matrix of composites.
Further, the report states that one of the major factors hindering the growth of this market is Low manufacturing capacities and agglomeration issues. Magnesium oxide nanoparticles can be manufactured using the hydroxide precipitation process. This process is followed by thermal decomposition of the hydroxide. It is a widely used method for the preparation of magnesium oxide nanoparticles. In this process, low amount of magnesium oxide nanoparticle is produced. These are uniform in shape and size. In contrast, bulk production results in varying sizes, grades, and shapes of nanoparticles, which is considered as a major challenge for the market growth.
American Elements, EPRUI Nanoparticles & Microspheres, Inframat Corporation, SkySpring Nanomaterials, Strem Chemicals, American International Chemical (AIC), MARTIN MARIETTA MAGNESIA SPECIALTIES, NaBond Technologies, Nano Labs, Nanostructured & Amorphous Materials, NanoScale Corporation, and REINSTE.
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