Emerging Economies Put Global Magnesium Oxide Nanopowder Market on Track to Exhibit 8.3% CAGR till 2023

Transparency Market Research has released a new market report titled “Magnesium Oxide Nanopowder Market for Furnaces & Boilers, Paints & Coatings, Electronics, Electrical, Construction, and Other End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015–2023”. According to the report, the global magnesium oxide nanopowder market was valued at US$ 1.69 Bn in 2014 and is anticipated to reach US$ 3.45 Bn in 2023, expanding at a CAGR of 8.3% between 2015 and 2023.

Browse the full report at http://www.transparencymarketresearch.com/magnesium-oxide-nanopowder.html

Magnesium oxide or magnesia alba is a tasteless, odorless, non-toxic, white, hygroscopic solid mineral that exhibits high purity, high hardness, and high melting point. Magnesium oxide nanopowder is synthesized using magnesium ore as a raw material. Magnesium oxide nanopowder is manufactured by calcination of magnesium hydroxide at high temperature; hence, it is an energy intensive process. Magnesium oxide offers characteristics such as good thermal, chemical, and physical properties. Therefore, it can be used as flame retardant and refractory liner. Magnesium oxide nanopowder has large surface area as compared to particle size. This makes it useful in the construction industry. Magnesium oxide nanopowder is also employed in applications such as fuel additives due to its corrosion inhibitor property. Magnesium oxide nanopowder is used extensively in the fields of electronics and electrical owing to its excellent insulating properties.

The magnesium oxide nanopowder market in Asia Pacific is projected to expand significantly due to rapid industrialization occurring in countries such as China and India. Furnaces and boilers was the largest end-user segment in China which accounted for more than 40% of the magnesium oxide nanopowder market in the country. The demand for magnesium oxide nanopowder is estimated to increase in Latin America due to substantial growth in various end-user industries in Brazil, the Middle East, and South Africa. The magnesium oxide nanopowder market in Latin America is expanding at a fast rate due to increase in applications of magnesium oxide nanopowder in electronics. The region is followed by Middle East & Africa. The magnesium oxide nanopowder market in Middle East and Africa is likely to expand significantly owing to growth in the petrochemical industry, where magnesium oxide nanopowder is used as fuel additive.

The magnesium oxide nanopowder market is fragmented. High degree of competition exists among manufacturers to consolidate presence in the market. Depending upon the size and purity, various grades of magnesium oxide nanopowder are available in the market. These are used in different end-users as per the application requirement. Key players in the magnesium oxide nanopowder market are American Elements, US Research Nanomaterials, Inc., Stream Chemical Inc., Eprui Nanoparticles & Microspheres Co. Ltd, Sigma Aldrich Corporation, Inframat Corporation, Reinste Nano Ventures Pvt. Ltd., NaBond Technologies Co., Limited, Nanostructured & Amorphous Materials, Inc., and SkySpring Nanomaterials, Inc.

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The report segments the global magnesium oxide nanopowder market as follows:

Magnesium Oxide Nanopowder Market - End-user Analysis

• Furnaces and boilers
• Paints and coatings
• Electronics
• Electrical
• Construction
• Others (Including petrochemical, textile, etc.)

Magnesium Oxide Nanopowder Market - Regional Analysis

• North America
  • U.S.
  • Rest of North America
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa (MEA)
  • GCC
  • South Africa
  • Rest of MEA

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