Magnesium Oxide Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to magnesium oxide market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Magnesium Oxide Market News

in Magnesium Oxide Market
  • By successfully producing magnesium oxide through a new hydrometallurgical extraction and thermal reduction process, Latrobe Magnesium Limited (LMG) in Australia made history in May 2024. As a technology that has 60% lower CO2 emissions than conventional manufacturing processes, this process recycles magnesium oxide (MgO) from brown coal fly ash, which is a waste material. Apart from reducing the effect on the environment, the process converts almost all the waste into useful products such as agricultural lime and other cementitious materials.
  • Through the use of cleaner, low-emission production processes and renewable energy sources in its factories, ICL is focusing on manufacturing magnesium oxide in a cleaner, lower-emission process. Besides improving the company's ESG image and attractiveness to investors and green businesses, the move aligns with international environmental objectives and standards.
  • Magnesia Clinker and Magnesium Hydroxide Dry are two new products in Ube Industries Ltd.'s portfolio of magnesium oxide offerings. Through reliable, high-quality material solutions, they enable customers to achieve performance, sustainability, and safety needs across a wide variety of applications in building, farming, and environmental conservation.
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Global Magnesium Oxide (MGO) Market size was valued at USD 730 Million in 2023 and is poised to grow from USD 800 Million in 2024 to USD 1,650 Million by 2032, growing at a CAGR of 9.5% in the forecast period (2025-2032).

Magnesium Oxide is a moderately fragmented market because of dominant players in vertical integration and capital expansion investment, as well as an increased emphasis on eco-friendly production. Companies invest on innovation by applying modern calcination methods and partner with agricultural and construction companies to increase the utilization of those products. In improving market penetration and extending geographical boundaries, mergers and acquisitions are another method in the strategic action toolkit. 'Latrobe Magnesium Limited (LMG)', 'ICL', 'Martin Marietta Materials Inc.', 'Grecian Magnesite S.A.', 'Premier Magnesia LLC', 'Imerys S.A.', 'Ube Industries Ltd.', 'Kumas Magnesite Industry Inc.', 'Qinghai Western Magnesium Co., Ltd.', 'Haicheng Houying Group', 'Tateho Chemical Industries Co., Ltd.', 'Baymag Inc.', 'Refratechnik Holding GmbH', 'Konoshima Chemical Co., Ltd.'

Perhaps the most dominant driver of the magnesium oxide industry is the increased application of advanced-performance refractory materials in steel, glass, and cement-making industries. As it offers supreme thermal stability as well as chemical corrosion resistance, dead burnt magnesium oxide (DBM) is required for use in refractory bricks and furnace linings manufacture. Steel manufacture increases due to higher global infrastructure and construction activity, which in turn increases demand for MgO-based refractories in developed and developing countries.

Advancements in Production Technology: Technological advances in industries are increasing the quality and efficiency of magnesium oxide production. Greenhouse gas emissions and operating expenses are being lowered by innovations such as flash calcination, the utilization of renewable energy sources, and process optimization using artificial intelligence. Not only do these technologies ensure consistent product production, but they also satisfy international sustainability objectives, encouraging lead producers to adopt them extensively and enhancing market expansion.

How is the Magnesium Oxide Market in Asia-Pacific Driven?

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Global Magnesium Oxide Market
Magnesium Oxide Market

Report ID: SQMIG15E2706

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