Skip to main content

Global Magnesium Oxide Nanopowder Market to Expand at 8.30% CAGR 2015-2023 Propelled by its Excellent Flame-retardant and Insulating Properties

The development of cost-effective manufacturing processes is projected to serve as a major opportunity for players within the global magnesium oxide nanopowder market, says Transparency Market Research in its latest report. The report, titled “Magnesium Oxide Nanopowder Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” states that the value of the global market is anticipated to rise from US$1.6 bn in 2014 to US$3.4 bn in 2023. If these values hold true, the magnesium oxide nanopowder market is likely to expand at an 8.30% CAGR from 2015 to 2023.

The magnesium oxide nanopowder market is driven by the growing demand for refractory materials, the increasing demand for fuel additives, and the rising demand for flame-retardant materials. On the flip side, the use of magnesium oxide nanopowder is rather harmful to the environment, which poses a major challenge for the overall market. In addition, the high cost of magnesium oxide nanopowder is anticipated to act as a hindrance to the growth of the global market.
On the basis of end use, the magnesium oxide nanopowder market is segmented into paints and coatings, electrical, furnaces and boilers, electronics, construction, and others, including textile and petrochemicals. Accounting for a share of over 40% in 2014, furnace and boilers emerged as the leading end-use segment. Magnesium oxide nanopowder, due to its high thermal stability, is the material of choice for furnace and boiler linings in refractories. 

Magnesium oxide nanopowder is odorless, low in toxicity, and has remarkable fire-retardant and anti-corrosion properties and, as a result, is in huge demand for paints and coatings applications. Magnesium oxide nanopowder also exhibits excellent insulating properties, owing to which it is used as a filler in electric insulating material to be used in smelters, crucibles, electrode bars, insulated conduits, and electrode sheets.


Geographically, the global magnesium oxide nanopowder market is divided into Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. In 2014, Asia Pacific held the largest share in the overall magnesium oxide nanopowder market, accounting for over 35% in terms of volume. This dominant share can be attributed to the rapid rise in demand for electronics materials in India, China, and several ASEAN countries. North America is the second largest market for magnesium oxide nanopowder, followed by Europe. Fueled by the development of the petrochemical industry, the Middle East and Africa market for magnesium oxide nanopowder is anticipated to expand considerably over the coming years.

The leading players competing in the global magnesium oxide nanopowder market include Sigma-Aldrich Co. LLC, NaBond Technologies Co., Ltd., Inframat Corporation, SkySpring Nanomaterials, Inc., American Elements, Strem Chemicals, Inc., Nanostructured & Amorphous Materials, Inc. (NanoAmor), and US Research Nanomaterials, Inc.
Magnesium Oxide Nanopowder Market, by End User
  • Furnaces and boilers
  • Paints and coatings
  • Electronics
  • Electrical
  • Construction
  • Others (Including petrochemical, textile, etc.)

Labels:
Location: Albany, NY, USA

Comments

Post a Comment

Popular posts from this blog

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a
Post a Comment
Read more

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @  http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi
Post a Comment
Read more