Magnesium Oxide Nanopowder Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Magnesium Oxide Nanopowder Market Analysis
The global magnesium oxide nanopowder market is estimated to witness a healthy growth, at an estimated CAGR of over 8%, over the forecast period. The major factor driving the growth of the market studied is increasing demand for fuel additive.
- Higher production cost is likely to hinder the markets growth.
- Growing demand for refractory materials is also likely to augment the market growth in the coming years.
- Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
Magnesium Oxide Nanopowder Market Trends
This section covers the major market trends shaping the Magnesium Oxide Nanopowder Market according to our research experts:
Increasing Demand from Electronics Industry
- The demand for magnesium oxide nanopowder has been increasing from the electronics segment due to its usage. The demand for magnesium oxide nanopowder in electrical and electronics industry is due to the electric properties, which make it an ideal ingredient and additive material for manufacturing electrodes, insulated conduits, and various other electronic devices and parts.
- The demand for consumer electronic products is on the rise, driven by innovation, rapid urbanization, education attainments, and growing household incomes, particularly in the emerging markets of the Asia-Pacific region (especially in China and India). The smartphone and wearable segment of the industry is the booming product category.
- The electronics industry in Asia-Pacific has been growing at a rate of more than 5% over the past couple of years and is estimated to continue the growth rate for the next few years.
- Hence, with such increasing demand, investments, and production in the electrical and electronics industry, the demand for magnesium oxide nanopowder for application in various electrical and electronic products is also expected to increase, during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market. In the region, China is the largest economy, in terms of GDP. China is one of the fastest emerging economies and has become one of the biggest production houses in the world, today. The country's manufacturing sector is one of the major contributors to the country's economy.
- China has the world's largest electronics production base and offers tough competition to existing upstream producers, such as South Korea, Singapore, and Taiwan. Electronic products, such as smartphones, OLED TVs, tablets, and so on, have the highest growth in the market in the consumer electronics segment.
- China is the largest manufacturer of automobiles in the world. The country's automotive sector has been shaping up for product evolution, with the country focusing on manufacturing products, in order to ensure fuel economy, and to minimize emissions (owing to the growing environmental concerns due to mounting pollution in the country).
- The production is expected to reach 30 million units by 2020, owing to the 'Made in China 2025' initiative support in upgrading the existing low-cost mass production to higher value-added advanced manufacturing. 'Automobile Mid and Long-Term Development Plan', was released in 2017, with an objective to make China a strong auto power in the next ten years.
- Due to all such factors, the market for magnesium oxide nanopowder in the region is expected to have a steady growth during the forecast period.
Magnesium Oxide Nanopowder Industry Overview
The magnesium oxide nanopowder market is consolidated in nature. Some of the major players in the market include American Elements, Merck KGaA, US Research Nanomaterials, Inc., SkySpring Nanomaterials, Inc., and Strem Chemicals, Inc., among others.
Magnesium Oxide Nanopowder Market Leaders
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American Elements
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Merck KGaA
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US Research Nanomaterials, Inc.
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SkySpring Nanomaterials, Inc.
*Disclaimer: Major Players sorted in no particular order
Magnesium Oxide Nanopowder 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
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4.1 Drivers
- 4.1.1 Increasing Demand for Fuel Additive
- 4.1.2 Growing Demand for Refractory Materials
- 4.1.3 Other Drivers
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4.2 Restraints
- 4.2.1 Higher Production Cost
- 4.2.2 Impact of COVID-19 Pandemic
- 4.3 Industry Value-Chain Analysis
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4.4 Porters Five Force 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
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5.1 Application
- 5.1.1 Refractory Materials
- 5.1.2 Electric Insulation
- 5.1.3 Magnetic Devices
- 5.1.4 Fuel Additive
- 5.1.5 Fire Retardant
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5.2 End-user Industry
- 5.2.1 Metallurgy
- 5.2.2 Construction
- 5.2.3 Oil and Gas
- 5.2.4 Automotive
- 5.2.5 Electrical and Electronics
- 5.2.6 Other End-user Industries
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 Italy
- 5.3.3.4 France
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 American Elements
- 6.4.2 Merck KGaA
- 6.4.3 US Research Nanomaterials, Inc.
- 6.4.4 Inframat Advanced Materials, LLC
- 6.4.5 Reinste Nano Ventures Pvt. Ltd.
- 6.4.6 SkySpring Nanomaterials, Inc.
- 6.4.7 High Purity Laboratory Chemicals Pvt. Ltd.
- 6.4.8 Strem Chemicals, Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityMagnesium Oxide Nanopowder Industry Segmentation
The global magnesium oxide nanopowder market report includes:
| Application | Refractory Materials | |
| Electric Insulation | ||
| Magnetic Devices | ||
| Fuel Additive | ||
| Fire Retardant | ||
| End-user Industry | Metallurgy | |
| Construction | ||
| Oil and Gas | ||
| Automotive | ||
| Electrical and Electronics | ||
| Other End-user Industries | ||
| 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 Nanopowder Market Research FAQs
What is the current Magnesium Oxide Nanopowder Market size?
The Magnesium Oxide Nanopowder Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in Magnesium Oxide Nanopowder Market?
American Elements, Merck KGaA, US Research Nanomaterials, Inc. and SkySpring Nanomaterials, Inc. are the major companies operating in the Magnesium Oxide Nanopowder Market.
Which is the fastest growing region in Magnesium Oxide Nanopowder 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 Nanopowder Market?
In 2024, the Asia Pacific accounts for the largest market share in Magnesium Oxide Nanopowder Market.
What years does this Magnesium Oxide Nanopowder Market cover?
The report covers the Magnesium Oxide Nanopowder Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Magnesium Oxide Nanopowder Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Magnesium Oxide Nanopowder Industry Report
Statistics for the 2024 Magnesium Oxide Nanopowder market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Magnesium Oxide Nanopowder analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
