Global Magnesia
Market is expected to grow at a significant CAGR in the upcoming years
as the scope, product types and its applications are increasing across the
globe. Magnesia, is also called as Magnesium oxide (MgO), is a white
hygroscopic solid mineral that occurs naturally as periclase and is a source of
magnesium. Magnesia includes a lattice of Mg2+ ions and O2− ions held together
by ionic bonding. Magnesium hydroxide forms in the presence of water (MgO + H2O
→ Mg (OH) 2), but it can be reversed by heating it to isolated moisture.
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Magnesia Market at:
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Magnesia Market is categorized
based on product type, applications, and geography. Magnesia Market is
categorized based on product types such as Dead-Burned Magnesia, Fused
Magnesia, Caustic Calcined Magnesia, and Synthetic Magnesia. Magnesia Market is
categorized based on application into Refractories Industry, Agriculture
Industry, Chemical Intermediates, Construction Industry, Other Applications.
Magnesia Market is categorized
based on geography into Asia Pacific (China, India, ASEAN, Australia & New
Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of
MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin
America), Western Europe (Germany, Italy, France, England, Spain, Rest of
Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).
North America has been at the forefront with regards to Magnesia Market and
will continue to rule the roost in the years to come.
Some of the key players that fuel
the growth of the Magnesia Market include RHI AG, Magnesita Refratários,
Haicheng Houying Group, Jiachen Group, ICL Industrial, Haicheng Magnesite
Refractory, Martin Marietta Magnesia Specialties, SMZ Jelsava, Grecian
Magnesite, Magnezit Group, Haicheng Huayu Group, Hartley (Haicheng) Magnesite,
Liaoning Jinding Magnesite, Imerys, Nedmag Industries, Dashiqiao Huamei Group,
Hebei Meishen, Zehui Chemicals, Weifang Qiangyuan Chemical Industry. The key
players are focusing on inorganic growth to sustain themselves amidst fierce
competition. As such, mergers, acquisitions, and joint ventures are the need of
the hour.
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