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CHEMICALS AND ADVANCED MATERIALS

Caustic Calcined Magnesite Market Segmentation by Product Type {Standard (Up to 90% Mg0), and High Purity (Up to 95% Mg0 & Above)}; and by Application (Agricultural, Chemicals, Pharmaceutical, Construction, Steel Production, and Pulp & Paper) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • February 2020- Refratechnik Holding GmbH/DE announced that it has entered a purchase agreement with SIBELCO Group for taking over 100 % of QMAG Ltd. This agreement is aimed to make QMAG an important partner in the Refratechnik Group.

  • March 2019- Terna Mag unveiled the launch of Dead Burned Magnesia products series, under the brand name NOVAPYR, that will serve the growing needs of refractory industry and other industrial applications.

Global Caustic Calcined Magnesite Market Highlights Over 2022 - 2031

The global caustic calcined magnesite market is estimated to garner a large amount of revenue by growing at a CAGR of ~8% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed primarily to the rising demand for the product from agricultural and construction industries to make compounds with high magnesium concentrations, such as cattle feed additives and magnesia cement. Along with this, growing demand for caustic calcined magnesite in environmental applications, including the production of magnesite balls is also expected to drive market growth in the forthcoming years. Furthermore, high need for soil decontamination, water treatment and waste neutralization across the globe is projected to offer abundant opportunities for market growth in the near future. According to the United Nations organization, 56% of the household wastewater flows in the world were safely treated in 2020. Also, 80% of wastewater flows back into the ecosystem without being treated or reused.

Caustic Calcined Magnesite Market

The market is segmented by application into agricultural, chemicals, pharmaceutical, construction, steel production, and pulp & paper, out of which, the construction segment is anticipated to hold the largest share in the global caustic calcined magnesite market. This can be accounted to the rising demand for the product for the production of cement, and for the construction of refractory linings and furnaces. Apart from this, the agricultural segment is predicted to gather the largest share during the forecast period, which can be credited to the high requirement of magnesium for photosynthesis in plants, and its growing usage to manufacture agricultural fertilizers all around the world. Additionally, on the basis of product type, the standard (up to 90% MgO) segment is assessed to acquire the largest share owing to the high availability at low cost of this type of magnesite.  CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Chemicals (% of Value Added in Manufacturing) – 2016-2018

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Caustic Calcined Magnesite Market Regional Synopsis

Regionally, the global caustic calcined magnesite market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the increasing demand for the product from the chemical industry, especially in China. In addition, rapidly growing construction sector is also projected to fuel the market growth in the region in the coming years. Moreover, the market in North America is projected to grab the largest share during the forecast period ascribing to the booming cosmetics industry, and strong presence of prominent market players in the region. In the United States, in 2020, about USD 2 billion was generated from sales of eye cosmetics, and approximately USD 1.5 billion from the sales of facial cosmetics.

Caustic Calcined Magnesite Market Share

The global caustic calcined magnesite market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global caustic calcined magnesite market includes the following segments:

By Product Type

  • Standard (Up to 90% Mg0)
  • High Purity (Up to 95% Mg0 & Above)

By Application

  • Agricultural
  • Chemicals
  • Pharmaceutical
  • Construction
  • Steel Production
  • Pulp & Paper

Growth Drivers

  • Rising Demand for the Product from Agricultural and Construction Industries
  • Growing Demand for Caustic Calcined Magnesite in Environmental Applications

Challenges

  • Volatility in the Prices of Raw Materials

Top Featured Companies Dominating the Market

  • Possehl Erzkontor GmbH & Co. KG
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • 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

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