Global High Purity Magnesium Oxide Market by Types (Pharmaceutical Grade Magnesium Oxide, Food Grade Magnesium Oxide, and Synthetic Magnesium Oxide), Applications (Oriented Silicon Steel Industry, Silicon Steel Coating Industry, Pharmaceutical Industry, Food Industry, Electrician Magnesium Industry, Hydrotalcite Industry, and Rubber Industry), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa)
Market Outlook:
The Global High Purity Magnesium Oxide market was valued at USD 257.2 million in 2019 and is projected to reach around USD 377.1 million by 2027, expanding at CAGR of 5.2% during the forecast period. In terms of volume, the market is estimated to expand at a CAGR of 5.0% between 2020 and 2027. Magnesium oxide is a silvery metal, flammable, light, and a chemical element having the symbol Mg with an atomic number of 12. High purity magnesium oxide is produced by calcination of the magnesium hydroxide (Mg (OH)2) or mineral magnesite (MgCO3), which is obtained from brine by liming or seawater. It is produced from thermal hydrolysis of magnesium sulfide (MgS), magnesium sulfate (MgSO4), magnesium chloride (MgCl2), and basic carbonate. High purity magnesium is considered to be the eighth-most abundant element and it is typically 0.12% of seawater and equals about 2% of the Earth's crust.
Market Dynamics
The global high purity magnesium oxide market is anticipated to grow due to the rise in industrialization in developing countries and due to back development of ceramics, nonferrous metal, and the chemical industry. Moreover, rising product demand for dietary supplements for maintaining product quality in the pharma industry is likely to boost market during the forecast period. The market is facing unprecedented challenges such as environmental pressures, water resources, product homogeneity, high production cost, and industrial blind development. These factors are expected to hamper the market in the coming years.
Segmental Outlook
By Types
Definitions
Pharmaceutical Grade Magnesium Oxide
High purity magnesium helps in the transportation of potassium and calcium ions through body cell membranes to support normal, healthy heart rhythm. A high purity magnesium oxide product is a free-flowing white powder, which is used for producing pharmaceutical-grade magnesium derivatives for food additives and mineral supplements. Moreover, it is used in the manufacturing of antacid preparations.
Food Grade Magnesium Oxide
The high purity magnesium oxide is used as a food additive for pH modification, color retention, powder mix desiccant (drying agents), or a magnesium supplement. Furthermore, high purity magnesium oxide keeps powdered foods such as powder drink mixes in free-flowing form. The food grade magnesium oxide is used as an additive in food production. It is also used as a coagulant in making tofu and other types of bean products.
Synthetic Magnesium Oxide
Synthetic magnesium oxide (MgO) is synthetically produced from magnesium chloride and dolime. It is used in the production of transformer steel, chemical, magnesium compounds, and in the leather industry for leather tanning.
By Applications
In terms of applications, the high purity magnesium oxide market is segregated into oriented silicon steels industry, silicon steel coatings industry, pharmaceutical industry, food industry, electrician magnesium industry, hydrotalcite industry, and rubber industry. High purity magnesium oxide is extensively used in the area of the oriented silicon steels as it is considered to be energy efficient in electrical steel, and thus is used in transformers where energy conservation is critical. Furthermore, the uses of high purity magnesium oxides in the pharmaceutical industry are rising, as they are used in the manufacturing of various medicines and particularly in antibiotics.
Regional Outlook
Based on regions, the global high purity magnesium oxide market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The market in Asia Pacific is expected to expand at a significant CAGR during the forecast period owing to growing presences for emerging economies in China and India. Moreover, rising industrialization in these countries is anticipated to fuel the market. The market in North America is expected hold over1/5th share of the market in 2019 due to the growth of various industries such as glass, steel, and ceramic.
Competitive Landscape
- Key players in the market include JSC KAUSTIK, Konoshima Co., Ltd., Buschle & Lepper SA, Kyowa Chemical, Tateho Chemical Industries Co., Ltd., and MAGNESIA GmbH. These players are considered as key manufacturers in the market based on their different varieties of product availability, regional presence, better supply chain management system, and increasing demand for products.
- These players are adopting key strategies such as product development and geographical expansion to increase their presence in the high purity magnesium oxide market.
- In 2018, Lehmann & Voss & Co. acquired the Osthoff Omega Group, which is based in Norderstedt, Germany. Osthhoff Omega Group has temporarily closed in Norderstedt office and the employees are working in Lehmann & Voss & Co.
- In 2018, Ube Material Industries, Ltd. established a manufacturing plant in of MOS-HIGE magnesium oxysulfate whisker in Thailand.
- In 2018, Russian Mining Chemical expanded its products range by lunching the production of highly active magnesium oxide under the MagPro trademark.
Key Benefits for Industry Participants & Stakeholders
- In-depth analysis of the global high purity magnesium oxide market
- Historical, current, and projected market size in terms of value and volume
- Potential & niche segments and regions exhibiting promising growth covered
- Industry drivers, restraints, and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Neutral perspective on global high purity magnesium oxide market performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity Magnesium Oxide Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Purity Magnesium Oxide Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity Magnesium Oxide Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Purity Magnesium Oxide Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Purity Magnesium Oxide Market Size & Forecast, 2017-2027
4.5.1 High Purity Magnesium Oxide Market Size and Y-o-Y Growth
4.5.2 High Purity Magnesium Oxide Market Absolute $ Opportunity
Chapter 5 Global High Purity Magnesium Oxide Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 High Purity Magnesium Oxide Market Size & Volume Forecast By Type
5.2.1 Pharmaceutical Grade Magnesium Oxide
5.2.2 Food Grade Magnesium Oxide
5.2.3 Synthetic Magnesium Oxide
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global High Purity Magnesium Oxide Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 High Purity Magnesium Oxide Market Size & Volume Forecast By Application
6.2.1 Oriented Silicon Steel
6.2.2 Silicon Steel Coating
6.2.3 Pharmaceutical Industry
6.2.4 Food Industry
6.2.5 Electrician Magnesium
6.2.6 Hydrotalcite
6.2.7 Rubber Industry
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global High Purity Magnesium Oxide Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Purity Magnesium Oxide Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High Purity Magnesium Oxide Analysis and Forecast
9.1 Introduction
9.2 North America High Purity Magnesium Oxide Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High Purity Magnesium Oxide Market Size & Volume Forecast By Type
9.6.1 Pharmaceutical Grade Magnesium Oxide
9.6.2 Food Grade Magnesium Oxide
9.6.3 Synthetic Magnesium Oxide
9.7 Basis Point Share (BPS) Analysis By Type
9.8 Absolute $ Opportunity Assessment By Type
9.9 Market Attractiveness Analysis By Type
9.10 North America High Purity Magnesium Oxide Market Size & Volume Forecast By Application
9.10.1 Oriented Silicon Steel
9.10.2 Silicon Steel Coating
9.10.3 Pharmaceutical Industry
9.10.4 Food Industry
9.10.5 Electrician Magnesium
9.10.6 Hydrotalcite
9.10.7 Rubber Industry
9.11 Basis Point Share (BPS) Analysis By Application
9.12 Absolute $ Opportunity Assessment By Application
9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe High Purity Magnesium Oxide Analysis and Forecast
10.1 Introduction
10.2 Europe High Purity Magnesium Oxide Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High Purity Magnesium Oxide Market Size & Volume Forecast By Type
10.6.1 Pharmaceutical Grade Magnesium Oxide
10.6.2 Food Grade Magnesium Oxide
10.6.3 Synthetic Magnesium Oxide
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 Europe High Purity Magnesium Oxide Market Size & Volume Forecast By Application
10.10.1 Oriented Silicon Steel
10.10.2 Silicon Steel Coating
10.10.3 Pharmaceutical Industry
10.10.4 Food Industry
10.10.5 Electrician Magnesium
10.10.6 Hydrotalcite
10.10.7 Rubber Industry
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific High Purity Magnesium Oxide Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Purity Magnesium Oxide Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High Purity Magnesium Oxide Market Size & Volume Forecast By Type
11.6.1 Pharmaceutical Grade Magnesium Oxide
11.6.2 Food Grade Magnesium Oxide
11.6.3 Synthetic Magnesium Oxide
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Asia Pacific High Purity Magnesium Oxide Market Size & Volume Forecast By Application
11.10.1 Oriented Silicon Steel
11.10.2 Silicon Steel Coating
11.10.3 Pharmaceutical Industry
11.10.4 Food Industry
11.10.5 Electrician Magnesium
11.10.6 Hydrotalcite
11.10.7 Rubber Industry
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America High Purity Magnesium Oxide Analysis and Forecast
12.1 Introduction
12.2 Latin America High Purity Magnesium Oxide Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High Purity Magnesium Oxide Market Size & Volume Forecast By Type
12.6.1 Pharmaceutical Grade Magnesium Oxide
12.6.2 Food Grade Magnesium Oxide
12.6.3 Synthetic Magnesium Oxide
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Latin America High Purity Magnesium Oxide Market Size & Volume Forecast By Application
12.10.1 Oriented Silicon Steel
12.10.2 Silicon Steel Coating
12.10.3 Pharmaceutical Industry
12.10.4 Food Industry
12.10.5 Electrician Magnesium
12.10.6 Hydrotalcite
12.10.7 Rubber Industry
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) High Purity Magnesium Oxide Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Purity Magnesium Oxide Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High Purity Magnesium Oxide Market Size & Volume Forecast By Type
13.6.1 Pharmaceutical Grade Magnesium Oxide
13.6.2 Food Grade Magnesium Oxide
13.6.3 Synthetic Magnesium Oxide
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Middle East & Africa (MEA) High Purity Magnesium Oxide Market Size & Volume Forecast By Application
13.10.1 Oriented Silicon Steel
13.10.2 Silicon Steel Coating
13.10.3 Pharmaceutical Industry
13.10.4 Food Industry
13.10.5 Electrician Magnesium
13.10.6 Hydrotalcite
13.10.7 Rubber Industry
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
14.1 High Purity Magnesium Oxide Market: Competitive Dashboard
14.2 Global High Purity Magnesium Oxide Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AKO KASEI CO., LTD.
14.3.2 Buschle & Lepper SA
14.3.3 Causmag International
14.3.4 Celtic Chemicals
14.3.5 elitechemical.com
14.3.6 Hebei Meishen Technology Co., Ltd.
14.3.7 INTERMAG sp. z o.o.
14.3.8 JSC KAUSTIK
14.3.9 Konoshima Co., Ltd.
14.3.10 Kyowa Chemical
14.3.11 Lehmann & Voss & Co.
14.3.12 MAGNESIA GmbH
14.3.13 MAGNIFIN
14.3.14 Russian Mining Chemical
14.3.15 SCORA S.A.S
14.3.16 Tateho Chemical Industries Co., Ltd.
14.3.17 Ube Material Industries Ltd.
By Types
- Pharmaceutical Grade Magnesium Oxide
- Food Grade Magnesium Oxide
- Synthetic Magnesium Oxide
- Oriented Silicon Steel Industry
- Silicon Steel Coating Industry
- Pharmaceutical Industry
- Food Industry
- Electrician Magnesium Industry
- Hydrotalcite Industry
- Rubber Industry
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- U.K.
- France
- Germany
- Italy
- Spain
- Russia
- Rest of the Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- South East Asia (SEA
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East and Africa
Key Market Players Profiled in the Report
- AKO KASEI CO., LTD.
- Buschle & Lepper SA
- Causmag International
- Celtic Chemicals
- elitechemical.com
- Hebei Meishen Technology Co., Ltd.
- INTERMAG sp. z o.o.
- JSC KAUSTIK
- Konoshima Co., Ltd.
- Kyowa Chemical
- Lehmann & Voss & Co.
- MAGNESIA GmbH
- MAGNIFIN
- Russian Mining Chemical
- SCORA S.A.S
- Tateho Chemical Industries Co., Ltd.
- Ube Material Industries,Ltd.
Our Clients
FAQ Section
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report covers types of high purity magnesium oxide such as pharmaceutical grade magnesium oxide, food grade magnesium oxide, and synthetic magnesium oxide.
According to this Growth Market Reports report, the market from high purity magnesium oxide is likely to register a CAGR of 5.2% during forecast period 2020-2027, with an anticipated valuation of USD 377.1 million by the end of the 2027.
In addition to market size (in USD Million) and company market share (in % for base year 2019), other data such macro-economic factors, COVID-19 Impact on the high purity magnesium oxide is available in final report.
The market is driven by rise in industrialization in developing countries and due to growing product demand for dietary products for maintaining product quality in the pharma industry.
Oriented silicon steels industry, silicon steel coatings industry, pharmaceutical industry, food industry, electrician magnesium industry, hydrotalcite industry, and rubber industry the key applications that are driving the global high purity magnesium oxide market.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness slight fall in growth owing to the negative impact of COVID-19 pandemic on the high purity magnesium oxide market.
The base year considered for the global high purity magnesium oxide market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Major manufactures include, JSC KAUSTIK, Konoshima Co., Ltd., Buschle & Lepper SA, Kyowa Chemical, Tateho Chemical Industries Co., Ltd., and MAGNESIA GmbH.
Related Reports
Some other reports from this category!
