(MENAFN- America News Hour) Research Nester published a report titled
“caustic calcined magnesite market : Global Demand Analysis & Opportunity Outlook 2031”
which delivers detailed overview of theglobalcaustic calcined magnesite market in terms of market segmentation by product type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global caustic calcined magnesite market is estimated to occupy a large amount of revenue by growing at a CAGR of ~8% during the forecast period, i.e., 2022 – 2031, ascribing to the growing demand for the product from agricultural and construction industries for making compounds with high magnesium concentrations. Along with this, rising demand for caustic calcined magnesite for environmental applications, and high requirement for soil decontamination, water treatment and waste neutralization globally are also expected to drive the growth of the market in the forthcoming years.
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The market is segmented by product type and application. Based on product type, the standard (up to 90% MgO) segment is anticipated to occupy the largest share during the forecast period in view of the ample availability of this type of magnesite at very low cost. Additionally, by application, the construction segment is projected to acquire the largest share over the forecast period attributing to the increasing demand for the product for the production of cement, and for constructing refractory linings and furnaces.
Geographically, the global caustic calcined magnesite market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to gather the largest share in the market during the forecast period attributing to the growing cosmetics industry, and strong presence of major market players in the region. Moreover, the market in Asia Pacific is assessed to observe noteworthy growth over the forecast period on the back of the upsurge in demand for the product from the chemical industry in the region, especially in China.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Growing Demand for the Product from Agricultural and Construction Industries Worldwide to Drive Market Growth
Magnesia is widely used in construction and agricultural industries all across the globe. In the construction sector, the product is used for the production of magnesia cement, whereas it is utilized in manufacturing fertilizers and cattle feed in agricultural applications. This in turn is anticipated to drive significant growth to the market in the near future.
However, fluctuation in the prices of raw materials is expected to operate as key restraint to the growth of the global caustic calcined magnesite market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global caustic calcined magnesite market which includes company profiling of Possehl Erzkontor GmbH & Co. KG, Befriend Trading Co. Ltd., TERNA MAG S.A., Nedmag B.V., Magnezit Group, SCR-Sibelco NV, Star Grace Mining Co., Ltd., Grecian Magnesite S.A., QMAG Pty Limited, American Elements, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global caustic calcined magnesite market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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