Hebei Messi Biology Co., Ltd: Global Magnesium Oxide Market Research Report 2021-2030, Including Global Analysis of Market Size, Share and Trends from 2019-2021 and Forecast to 2030
The global magnesium oxide market will reach USD 8.36 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2030, according to the analysis of Messi Biology.
Magnesium Oxide Market Research
Product Overview
Magnesium oxide, commonly known as magnesia (MgO), is a hygroscopic compound produced by pyrolysis of magnesite or electrolysis of brine. Magnesium oxide has many health benefits and can help relieve the symptoms of various diseases. Magnesium oxide is used in a wide variety of applications, including housing, refractory, agriculture and construction. It is widely used as a refractory layer in the ceramic and glass industries as well as in the steel industry.
Market Highlights
The global magnesium oxide market is expected to grow at a CAGR of 5.7% by 2030.
Increasing use of magnesium oxide in various industries is driving the overall market forward. Industries with high demand for magnesium oxide include refractories, agriculture, and housing and construction. In addition...
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