Magnesium Oxide Market by Application and Geography - Forecast and Analysis 2020-2024

Magnesium Oxide Market by Application and Geography - Forecast and Analysis 2020-2024

Global Magnesium Oxide Market: About this market

Technavio’s magnesium oxide market analysis considers sales from refractories, construction, agriculture, chemical, and other applications. Our study also finds the sales of magnesium oxide in APAC, Europe, MEA, North America, and South America. In 2019, the refractories segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for refractory materials from the steel, cement, and glass industries will play a significant role in the refractories segment to maintain its market position. Also, our global magnesium oxide market report looks at factors such as increasing steel production, demand from the construction industry, and growing demand from the animal feed industry. However, surging prices of magnesium oxide owing to magnesia plant shutdowns in China, the popularity of other nutrient-based fertilizers, and the threat of substitutes of magnesium oxide in refractory applications may hamper the growth of the magnesium oxide industry over the forecast period.

Global Magnesium Oxide Market: Overview

Growing demand from the construction industry

Magnesium oxide is a key material in the production of products such as construction panels, partition walls, covering for ceilings, and fire-and moisture-resistant structural walls. In addition, magnesium oxide is deployed in the development of magnesium oxide boards for constructing internal and external building walls. These boards are a cost-effective alternative to plasterboard gypsum style linings as they are made from a mixture of magnesium oxide, fiber mesh composites, non-organic minerals, and bonders. Furthermore, these boards are produced from mineral ingredients and do not contain toxic substances, making them a viable eco-friendly solution for the construction industry. Thus, the growing opportunities from the residential and commercial construction will lead to the expansion of the global magnesium oxide market at a CAGR of over 4% during the forecast period.

Increasing adoption of magnesium oxide in water treatment

With high adsorbing properties, magnesium oxide proves to be an effective agent for precipitating heavy metals from wastewater. The acid-neutralizing capacity of magnesium oxide also makes it a feasible substitute for lime in treating wastewater. Furthermore, the lower molecular weight of magnesium oxide aids in producing a comparably more compact sludge by using high volumes of magnesium oxide to precipitate heavy metal from wastewater. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global magnesium oxide market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of several major players, the global magnesium oxide market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading magnesium oxide manufacturers, that include Dashiqiao Huamei Group Co. Ltd., Grecian Magnesite Mining Industrial Shipping and Commercial SA, Imerys SA, Industrias Peñoles SAB de CV, Israel Chemicals Ltd., Magnesitas Navarras SA, Magnezit Group, Martin Marietta Magnesia Specialties LLC, Nedmag BV, and RHI Magnesita NV.

Also, the magnesium oxide market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global commodity chemicals market
      • Table Segments of global commodity chemicals market
    • Market characteristics
      • Table Market characteristics
    • Value chain analysis
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Vendors: Key offerings
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market outlook
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ millions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by application
    • Table Application - Market share 2019-2024 (%)
    • Comparison by application
      • Table Comparison by application
    • Refractories - Market size and forecast 2019-2024
      • Table Refractories - Market size and forecast 2019-2024 ($ millions)
      • Table Refractories - Year-over-year growth 2020-2024 (%)
    • Construction - Market size and forecast 2019-2024
      • Table Construction - Market size and forecast 2019-2024 ($ millions)
      • Table Construction - Year-over-year growth 2020-2024 (%)
    • Agriculture - Market size and forecast 2019-2024
      • Table Agriculture - Market size and forecast 2019-2024 ($ millions)
      • Table Agriculture - Year-over-year growth 2020-2024 (%)
    • Chemical - Market size and forecast 2019-2024
      • Table Chemical - Market size and forecast 2019-2024 ($ millions)
      • Table Chemical - Year-over-year growth 2020-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ millions)
      • Table Others - Year-over-year growth 2020-2024 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ millions)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ millions)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ millions)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ millions)
      • Table MEA - Year-over-year growth 2020-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 ($ millions)
      • Table South America - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Consolidation of China's magnesia industry
    • Increasing research scope for magnesium oxide in toxic gas treatment
    • Increasing adoption of magnesium oxide in water treatment
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Dashiqiao Huamei Group Co. Ltd.
      • Table Dashiqiao Huamei Group Co. Ltd. - Vendor overview
      • Table Dashiqiao Huamei Group Co. Ltd. - Product segments
      • Table Dashiqiao Huamei Group Co. Ltd. - Key offerings
    • Grecian Magnesite Mining Industrial Shipping and Commercial SA
      • Table Grecian Magnesite Mining Industrial Shipping and Commercial SA - Vendor overview
      • Table Grecian Magnesite Mining Industrial Shipping and Commercial SA - Product segments
      • Table Grecian Magnesite Mining Industrial Shipping and Commercial SA - Organizational developments
      • Table Grecian Magnesite Mining Industrial Shipping and Commercial SA - Key offerings
    • Imerys SA
      • Table Imerys SA - Vendor overview
      • Table Imerys SA - Business segments
      • Table Imerys SA - Organizational developments
      • Table Imerys SA - Geographic focus
      • Table Imerys SA - Segment focus
      • Table Imerys SA - Key offerings
    • Industrias Peñoles SAB de CV
      • Table Industrias Peñoles SAB de CV - Vendor overview
      • Table Industrias Peñoles SAB de CV - Product segments
      • Table Industrias Peñoles SAB de CV - Geographic focus
      • Table Industrias Peñoles SAB de CV - Segment focus
      • Table Industrias Peñoles SAB de CV - Key offerings
    • Israel Chemicals Ltd.
      • Table Israel Chemicals Ltd. - Vendor overview
      • Table Israel Chemicals Ltd. - Business segments
      • Table Israel Chemicals Ltd. - Organizational developments
      • Table Israel Chemicals Ltd. - Geographic focus
      • Table Israel Chemicals Ltd. - Segment focus
      • Table Israel Chemicals Ltd. - Key offerings
    • Magnesitas Navarras SA
      • Table Magnesitas Navarras SA - Vendor overview
      • Table Magnesitas Navarras SA - Product segments
      • Table Magnesitas Navarras SA - Organizational developments
      • Table Magnesitas Navarras SA - Key offerings
    • Magnezit Group
      • Table Magnezit Group - Vendor overview
      • Table Magnezit Group - Business segments
      • Table Magnezit Group - Key offerings
    • Martin Marietta Magnesia Specialties LLC
      • Table Martin Marietta Magnesia Specialties LLC - Vendor overview
      • Table Martin Marietta Magnesia Specialties LLC - Product segments
      • Table Martin Marietta Magnesia Specialties LLC - Organizational developments
      • Table Martin Marietta Magnesia Specialties LLC - Key offerings
    • Nedmag BV
      • Table Nedmag BV - Vendor overview
      • Table Nedmag BV - Product segments
      • Table Nedmag BV - Organizational developments
      • Table Nedmag BV - Key offerings
    • RHI Magnesita NV
      • Table RHI Magnesita NV - Vendor overview
      • Table RHI Magnesita NV - Business segments
      • Table RHI Magnesita NV - Organizational developments
      • Table RHI Magnesita NV - Geographic focus
      • Table RHI Magnesita NV - Segment focus
      • Table RHI Magnesita NV - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook