Magnesium Oxide Nanopowder Market size is forecast to reach $44.19 million by 2025, after growing at a CAGR of 7.92% during 2020-2025. Magnesium Oxide Nanopowder exhibits non-toxic and odorless properties owing to which there is increase in demand of magnesium oxide nanopowder from end use industries. Magnesium Oxide Nanopowder comes in white powder form and has a high melting point, hardness, and purity. Magnesium Oxide Nanopowder gains interest as a high-temperature dehydration agent for the manufacture of electronic products, silicon steel sheets and high-grade ceramics which will boost the Magnesium Oxide Nanopowder Industry.
The “Magnesium Oxide Nanopowder Market Report– Forecast (2019-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Magnesium Oxide Nanopowder Industry.
By Application: Refractory Material, High Temperature, Dehydrating Agent, Fire Retardant, Electric Insulating Material, Fuel Additive and Others
By End Use: Furnace & Boilers, Electronics, Catalysis, Ceramics, Petrochemical Products, Coatings and Others
By Geography: North America, South America, Europe, APAC, RoW
- Rising demand of magnesium oxide Nanopowder for fuel additives in the transport sector to improve fuel quality is expected to support the magnesium oxide Nanopowder market over the forecast era.
- Increasing demand of magnesium oxide nanopowder acceptance as a fire retardant in flammable chemicals to avoid excessive fire-related losses is expected to drive industry growth.
- Consumption of magnesium oxide fumes causes health hazards such as metal fume fever which can create hurdles in magnesium oxide nanopowder Industry.
- Due to COVID-19 palindrome, the construction and engineering sector will face multiple challenges such ranging from lack of capital and credit avenues to insolvencies multiple fraud and regulatory burden in the year 2020-2021.
Application- Segment Analysis
Refractory Materials held the largest share of 5.56% in Magnesium Oxide Nanopowder Market in 2019. Refractory Materials has various properties such as apparent porosity, apparent specific gravity, chemical composition, bulk density and strength at atmospheric temperatures. Due to these properties the demand of Magnesium Oxide Nanopowder in the manufacturing and quality control process applications of refractory materials will increase during the forecast period. Refractory materials has the ability to withstand action of liquid metal, ability to withstand high temperature and trap heat within a limited area such as a furnace, ability to withstand load at service environment and has ability to conserve heat.
End Use- Segment Analysis
Furnace and boilers held the largest share in Magnesium Oxide Nanopowder Market in 2019. Magnesium oxide nanopowder which possesses higher thermal stability is an idle material for refractory’s that is used by furnace linings and boilers. Apart from these, owing to its anti-corrosion and fire-retardant properties, magnesium oxide nanopowder is extensively used in paints and coatings applications. Due to high insulating nature of magnesium oxide nanopowder, it finds its usage as filler in electric insulating material which can be used in crucibles, insulated conduits, electrode sheets, electrode bars, and smelters.
Geography- Segment Analysis
Asia-Pacific owing to the region's developing economies holds the largest share of 34.69% in magnesium oxide nanopowder market. Automotive growth is one of the pillar industries in the country, and it continues to be the world's largest market for vehicles. In addition, India's construction sector is increasing at a higher pace with urbanization initiatives and new construction activities such as bridges, highways, urban infrastructure and buildings in more than 30 cities; FDI in the construction sector and rising population are expected to boost demand for magnesium oxide nanopowder over the forecast era. According to India Brand Equity Foundation, India plans to spend US$ 1.4 trillion on infrastructure in the next five years. Also, by 2019, India's national highway network is set to cover 50,000 kilometers. National highway construction in India grew year-on-year by 20 per cent in 2017-18.
Drivers –Magnesium Oxide Nanopowder Market
- Increasing demand of Magnesium Oxide Nanopowder from flame retardant chemicals
Magnesium Oxide Nanopowder is used inflame retardant chemicals which slows down ignition and prevent fires. With the increasing demand in the textile sector for high-performance flame-retardant fiber, the synthesis of new high-performance flame retardant provides ideal material for practical fabric growth. Along with sawdust, wood shavings, magnesium oxide nanopowder is also used to create fire-resistant fiberboards and other refractory products, as well as metal ceramics with the benefit of light weight, sound insulation and thermal insulation. Similar to conventional organic phosphorus or halogen flame retardants, magnesium oxide nanopowder are non-toxic, tasteless and require only a limited number, rendering them suitable for the production of flame-retardant fiber.
- Increasing use of Magnesium Oxide in Fuel Additives
Magnesium oxide Nanopowder is used as fuel filler that essentially reduces the corrosion of industrial boiler machinery burning liquid and solid fuel at low and elevated temperatures. Also, Magnesium oxide Nanopowder is used in the manufacture of fuel and lubricant additives, and especially in the manufacture of over based magnesium sulphonates and carboxylates that function as ash and corrosion detergents in gas turbines and engines.
Challenges – Magnesium Oxide Nanopowder Market
- Health hazards of Magnesium Oxide Nanopowder
Metal fume fever is caused with the inhalation of magnesium oxide fumes. Metal fume fever also known as metal dust fever is an illness primarily caused by exposure to chemicals such as Magnesium Oxide which are produced as byproducts in the fumes that result when certain metals are heated. The inhalation of such chemicals induces metal fume fatigue, either as fine particles or more often as gases. Simple metal compounds are equally capable of causing it such as oxides. Exposure typically happens by hot metalworking methods, such as smelting and processing, galvanized metal welding, brazing, or soldering. The residual from cold sanding processes can even trigger fume fever if the metal involved is particularly high risk, even though the dosage is smaller.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Magnesium Oxide Nanopowder market. In 2019, the market of Magnesium Oxide Nanopowder has been consolidated by the top five players accounting for xx% of the share. Major players in the Magnesium Oxide Nanopowder Market are Inframat Advanced Materials, Llc , Merck Kgaa , Reinste Nano Venture Pvt Ltd , Sigma-Aldrich Co. Llc , Skyspring Nanomaterials, Inc , Strem Chemicals, Inc , U Research Nanomaterials, Inc among others.
1. Magnesium Oxide Nanopowder Market - Market Overview
1.1 Definitions and Scope
2. Magnesium Oxide Nanopowder Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Application
2.3 Key Trends by End Use
2.4 Key Trends by Geography
3. Magnesium Oxide Nanopowder Market - Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Magnesium Oxide Nanopowder Market - Startup companies Scenario Premium (Premium)
4.1 Top startup company Analysis by
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Magnesium Oxide Nanopowder Market – Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top companies
6. Magnesium Oxide Nanopowder Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Magnesium Oxide Nanopowder Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and distributors Analysis
8. Magnesium Oxide Nanopowder Market – By Application (Market Size -$Million, KT)
8.1 Refractory Material
8.2 High Temperature Dehydrating Agent
8.3 Fire Retardant
8.4 Electric Insulating Material
8.5 Fuel Additive
9. Magnesium Oxide Nanopowder Market – By End Use (Market Size -$Million, KT)
9.4 Petrochemical Products
10. Magnesium Oxide Nanopowder Market - By Geography (Market Size -$Million / KT)
10.1 North America
10.2 South America
10.2.5 Rest of South America
10.3.9 Rest of Europe
10.4 Asia Pacific
10.4.5 South Korea
10.4.6 Rest of Asia Pacific
10.5.1 Middle East
10.5.1.1 Saudi Arabia
10.5.1.4 Rest of Middle East
10.5.2.1 South Africa
10.5.2.3 Rest of South Africa
11. Magnesium Oxide Nanopowder Market - Entropy
11.1 New Product Launches
11.2 M&A’s, Collaborations, JVs and Partnerships
12. Market Share Analysis (Premium)
12.1 Market Share by Country- Top companies
12.2 Market Share by Region- Top companies
12.3 Market Share by type of Product / Product category- Top companies
12.4 Market Share at global level- Top companies
12.5 Best Practices for companies
13. Magnesium Oxide Nanopowder Market - List of Key Companies by Country (Premium)
14. Magnesium Oxide Nanopowder Market - Company Analysis
14.1 Market Share, Company Revenue, Products, M&A, Developments
14.2 Company 1
14.3 Company 2
14.4 Company 3
14.5 Company 4
14.6 Company 5
14.7 Company 6
14.8 Company 7
14.9 Company 8
14.10 Company 9
14.11 Company 10 and more
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