Magnesium Oxide Nanopowder Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2027, at CAGR of 9.00 % during forecast period of 2019 to 2027.
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Magnesium oxide (MgO) nanopowder is processed by using magnesium ore as a raw material. Magnesium Oxide has high melting point and non-toxic hygroscopic solid mineral. The applications of Magnesium oxide are in fuel additive, glass, cement, ceramics, and furnaces linings is its displays magnetic, electrical, optical, and chemical properties because of its small particle size and large specific surface area.
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Magnesium Oxide Nanopowder Market Drivers and Restrains
The Magnesium Oxide Nanopowder Market has witnessed considerable growth in forthcoming years, because of growth in its different applications in various industries. The mandate for magnesium oxide Nano powder has been growing from the electronic sectors, thanks to its increasing demand as a high-temperature dehydrating agent for the production of electronic material, silicon steel sheet, and high-grade ceramic material which make it an additive material and ideal ingredient for insulated conduits, manufacturing electrodes, and various other electronic devices and parts.
Increasing Electronics manufacturing in countries of Asia-Pacific region, such as Japan, India, and China, which are driving the magnesium oxide nanopowder market during the forecast period. The production in Japan remains strong for products providing high quality and reliability, semiconductors, and electronic equipment. China is embracing with its growing electronics industry. The average yearly growth rate of Chinese electronic industry is more than XX%. The demand for magnesium oxide nanopowder is expected to increase during the forecast period. The selling price for Magnesium oxide (MgO) is approximately US$ 139 per Kg.
Magnesium Oxide Nanopowder Market Segmentation Analysis
The global magnesium oxide nanopowder market is segmented on the basis of end user and region. In terms of end user, the market is segmented into furnaces and boilers, paints and coatings, electronics, construction, and electrical. Among the all segment, furnace and boilers held the XX % share in the market. Magnesium oxide nanopowder which retain a higher thermal stability is an idle material for refractories that is used by furnace linings and boilers. Apart from these, because of fire-retardant and anti-corrosion properties, magnesium oxide nanopowder is extensively used in paints and coatings applications. As a result of high insulating nature of magnesium oxide nanopowder, it finds its usage as a filler in electric insulating material which is applied in crucibles, insulated conduits, electrode sheets, electrode bars, and smelters.
Magnesium Oxide Nanopowder Market Regional Analysis
On the basis of region, Magnesium Oxide Nanopowder market divided into five regions such as Asia Pacific, North America, Europe, Latin America, and Middle East Africa. Among all the regions, the North America had the XX% market share in 2018 and is projected to lead the market during the forecast period, because of emerging economies and growth in automotive industries. Furthermore, in India the construction sector is increasing at a higher rate with new construction activities and urbanization projects such as roads, railways (metro rails), urban infrastructures, and buildings in over 30 cities. Foreign Direct Investment (FDI) in the construction sector and growing population are projected to drive the demand for magnesium oxide nanopowder during the forecast period.
The objective of the report is to present comprehensive analysis of Magnesium Oxide Nanopowder Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Magnesium Oxide Nanopowder Market dynamics, structure by analyzing the market segments, and project the Magnesium Oxide Nanopowder Market size. Clear representation of competitive analysis of key players by Magnesium Oxide Nanopowder Type, price, financial position, product portfolio, growth strategies, and regional presence in the Magnesium Oxide Nanopowder Market make the report investor’s guide.
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Magnesium Oxide Nanopowder Market, by End-user
• Furnaces and boilers
• Paints and coatings
• Others (Including petrochemical, textile, etc.)
Magnesium Oxide Nanopowder Market, by Region
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Magnesium Oxide Nanopowder Market, Major Players
• American Elements
• American International Chemical Inc.
• Eprui Nanoparticles & Microspheres Co. Ltd.
• Martin Marietta Magnesia Specialties Inc.
• Nabond Technologies Co.
• Nanoscale Corporation
• Nanostructured & Amorphous Materials Inc.
• Reinste Nano Ventures
• Skyspring Nanomaterials
• Service Chemical, Inc. – Hatfield, PA
• Rauschert Technical Ceramics Industries – Atlanta, GA.
• Superior Supplement Manufacturing – Fountain Valley
• Nutritional Supplement Manufacturers, Inc.
• Aremco Products, Inc.
• Reagents – Charlotte, NC.
• ACI Alloys – San Jose, CA.
• Prochem, Inc.
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