Increasing Construction Activities Bolster Global Magnesium Oxide Nanopowder Market by 2023.

Magnesium oxide, also known as magnesia alba, is one of the core ingredients in ceramics and cements. It is a tasteless, nontoxic, and odorless powder. It possesses a rather high melting point of 5,166 degrees Fahrenheit, is very hard to break down, is normally available in high purity, and is white and hygroscopic. Uses of magnesium oxide include the making of glass, as an additive in fuel mixtures, and in furnace linings.The global magnesium oxide nanopowder market is projected to exhibit an 8.30% CAGR from 2015 to 2023. The market was valued at US$1.69 bn in 2014, from where it is expected to reach an estimated value of US$3.45 bn by the end of 2023.

The manufacturing of magnesium oxide nanopowder is carried out using magnesium ore as the raw material. It is an extremely energy-consuming process, in which the calcination of magnesium hydroxide is performed at very high temperatures. The final product, magnesium oxide nanopowder, exhibits extremely high resistance to heat and is chemically stable. It also possesses the quality of being a nanopowder and thus offers a large total surface area.

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Key players in the global magnesium oxide nanopowder market are SkySpring Nanomaterials, Inc., Nanostructured & Amorphous Materials, Inc., NaBond Technologies Co., Limited, Reinste Nano Ventures Pvt. Ltd., Inframat Corporation, Sigma Aldrich Corporation, Eprui Nanoparticles & Microspheres Co. Ltd, Stream Chemical, Inc., US Research Nanomaterials, Inc., and American Elements.

Furnaces and Boilers Largest End Users in Global Magnesium Oxide Nanopowder Market
 

In terms of end users, the global magnesium oxide nanopowder market is segmented into furnaces and boilers, construction, paints and coatings, electrical, electronics, and other minor end users such as textile and petrochemicals. Of these, the global magnesium oxide nanopowder market is led by furnaces and boilers. This segment accounted for more than 45.0% of the global magnesium oxide nanopowder market in 2014, owing to its high thermal resistance, which is useful in constructing walls for furnaces and boilers. It is used in refractories for furnace linings.

Demand from Healthcare and Paints and Coatings Industries Growing
 

An end user that could show potential use of magnesium oxide nanopowder in the near future is the healthcare industry. R&D efforts are beginning to help major players understand the usability of magnesium oxide nanopowder in the engineering of orthopedic tissue. Magnesium oxide nanopowder can be used after reconstruction surgeries of bone and joints for quicker recovery of tissues. For this, the magnesium oxide nanopowder is used in polymer composites in a dispersed phase.

Another end-use industry that is experiencing a heavy boost in demand for magnesium oxide nanopowder is the paints and coatings industry. This demand has been created due to the increase in scope of infrastructure development, especially in North America. At the same time, the demand for magnesium oxide nanopowder is expected to emerge and grow rapidly in anti-bacterial coatings in the construction industry.

Another end user that is expected to up its demand for the global magnesium oxide nanopowder market is the aerospace industry, especially in Europe. This demand is expected to be sustained by a growing need for efficient fuel additives as well as an increase in demand for refractory materials. Flame retardant applications are also expected to boost the global magnesium oxide nanopowder market.

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