Magnesium Oxide Nanoparticle Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Magnesium Oxide Nanoparticle Market Analysis
The market for Magnesium Oxide Nanoparticle is expected to grow at a CAGR of over 7% during the forecast period. Major factors driving the market studied are increasing demand from refractories segment and rising demand from electronics segment. On the flipside, high production cost associated with the product and unfavourable conditions arising due to COVID-19 outbreak are the major restraints, which are expected to hinder the growth of market.
- Growing demand for magnesium oxide nanoparticle as fire retardants is expected to offer various lucrative opportunities for the growth of market.
- By application, refractories segment is expected to dominate the market owing to the increase in the usage of magnesium oxide nanoparticle as refractory material for furnace linings.
- Asia-Pacific region dominated the magnesium oxide nanoparticle market across the globe with the largest consumption from countries such as China, India, and Japan.
Magnesium Oxide Nanoparticle Market Trends
This section covers the major market trends shaping the Magnesium Oxide Nanoparticle Market according to our research experts:
Increasing Demand from Refractories Segment
- Magnesium oxide nanoparticles are white powdered material, and are non-toxic, tasteless, and odorless in nature. These nano-sized materials have superior properties such as high hardness, high melting point, and high purity.
- The increasing demand of magnesium oxide nanoparticle in furnace lining due to properties such as high corrosion resistance, high tensile strength, low electrical conductivity, and high thermal conductivity, is expected to propel the magnesium oxide nanoparticle market during the forecast period.
- Additionally, steel and cement industries are expected to grow due to rapid industrialization during the forecast period. Owing to this, the demand of magnesium oxide nanoparticle is expected to rise in refractories, which would stimulate its market during the forecast period.
- The market for refractories is projected to grow at a CAGR of over 5% during the forecast period. This is anticipated to provide ample opportunities for the growth of magnesium oxide nanoparticle market during the forecast period.
- Owing to all the above-mentioned factors for magnesium oxide nanoparticle, its market is expected to grow rapidly over the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for magnesium oxide nanoparticle during the forecast period. In countries like China, India, Japan and South Korea, owing to increasing demand for magnesium oxide nanoparticle from various end-user industries like steel, cement, coatings, and electronics industries, the magnesium oxide nanoparticle market has been growing in the region.
- Magnesium oxide nanoparticles are utilized as a support material in the matrix of composites owing to properties such as wear resistance and high compressive strength. Also, magnesium oxide nanoparticles are used as fuel additives for maintaining fuel efficiency in the transport industry. These factors are expected to positively impact the magnesium oxide nanoparticles market.
- Furthermore, increasing demand of magnesium oxide nanoparticles as a filler in electronics industry owing to its high insulating nature is fueling the magnesium oxide nanoparticles market. Apart from this, these electrically insulating materials are used in crucibles, smelters, electrode bars, and insulated conduits.
- Additionally, the usage of magnesium oxide nanoparticles in coatings industry owing to its anti-corrosion and fire-retardant properties is propelling the magnesium oxide nanoparticle market in the region.
- The Asia-Pacific paints & coatings industry is expected to grow at a CAGR of over 5% during the forecast period, which is expected to provide lucrative opportunities for the growth of magnesium oxide nanoparticle market.
- Some of the major companies operating in Asia-Pacific region are - Reinste Nano Ventures, American Elements, and Nanoshel LLC.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for magnesium oxide nanoparticle during the forecast period.
Magnesium Oxide Nanoparticle Industry Overview
The magnesium oxide nanoparticle market is consolidated with top players accounting for a major share of the market. Some of the key companies in the market include American Elements, Inframat Advanced Materials, LLC, MARTIN MARIETTA MAGNESIA SPECIALTIES, LLC, SkySpring Nanomaterials, Inc, and Reinste Nano Ventures.
Magnesium Oxide Nanoparticle Market Leaders
-
American Elements
-
Inframat Advanced Materials, LLC
-
MARTIN MARIETTA MAGNESIA SPECIALTIES, LLC
-
SkySpring Nanomaterials, Inc
-
Reinste Nano Ventures
*Disclaimer: Major Players sorted in no particular order
Magnesium Oxide Nanoparticle Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Demand from Refractories Segment
- 4.1.2 Rising Demand from Electronics Segment
-
4.2 Restraints
- 4.2.1 High Production Cost Associated with Product
- 4.2.2 Unfavourable Conditions Arising Due to COVID-19 Outbreak
- 4.3 Industry Value Chain Analysis
-
4.4 Porters Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Application
- 5.1.1 Refractories
- 5.1.2 Construction & Ceramics
- 5.1.3 Electronics
- 5.1.4 Coatings
- 5.1.5 Aerospace
- 5.1.6 Oil Products
- 5.1.7 Others
-
5.2 Geography
- 5.2.1 Asia-Pacific
- 5.2.1.1 China
- 5.2.1.2 India
- 5.2.1.3 Japan
- 5.2.1.4 South Korea
- 5.2.1.5 Rest of Asia-Pacific
- 5.2.2 North America
- 5.2.2.1 United States
- 5.2.2.2 Canada
- 5.2.2.3 Mexico
- 5.2.3 Europe
- 5.2.3.1 Germany
- 5.2.3.2 United Kingdom
- 5.2.3.3 Italy
- 5.2.3.4 France
- 5.2.3.5 Rest of Europe
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Middle-East and Africa
- 5.2.5.1 Saudi Arabia
- 5.2.5.2 South Africa
- 5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 American Elements
- 6.4.2 Inframat Advanced Materials, LLC
- 6.4.3 MARTIN MARIETTA MAGNESIA SPECIALTIES, LLC
- 6.4.4 MKNano
- 6.4.5 Nanografi Nano Technology
- 6.4.6 Nanoshel LLC
- 6.4.7 Nanostructured & Amorphous Materials, Inc.
- 6.4.8 Reade International Corp.
- 6.4.9 Reinste Nano Ventures
- 6.4.10 SkySpring Nanomaterials, Inc
- 6.4.11 US Research Nanomaterials, Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Demand for Magnesium Oxide Nanoparticle as Fire Retardants
- 7.2 Other Opportunities
Magnesium Oxide Nanoparticle Industry Segmentation
The Magnesium Oxide Nanoparticle market report includes:
| Application | Refractories | |
| Construction & Ceramics | ||
| Electronics | ||
| Coatings | ||
| Aerospace | ||
| Oil Products | ||
| Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Magnesium Oxide Nanoparticle Market Research FAQs
What is the current Magnesium Oxide Nanoparticle Market size?
The Magnesium Oxide Nanoparticle Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Magnesium Oxide Nanoparticle Market?
American Elements, Inframat Advanced Materials, LLC , MARTIN MARIETTA MAGNESIA SPECIALTIES, LLC , SkySpring Nanomaterials, Inc and Reinste Nano Ventures are the major companies operating in the Magnesium Oxide Nanoparticle Market.
Which is the fastest growing region in Magnesium Oxide Nanoparticle Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Magnesium Oxide Nanoparticle Market?
In 2024, the Asia Pacific accounts for the largest market share in Magnesium Oxide Nanoparticle Market.
What years does this Magnesium Oxide Nanoparticle Market cover?
The report covers the Magnesium Oxide Nanoparticle Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Magnesium Oxide Nanoparticle Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Magnesium Oxide Nanoparticle Industry Report
Statistics for the 2024 Magnesium Oxide Nanoparticle market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Magnesium Oxide Nanoparticle analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
