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Magnesium Oxide Nanopowder Market – Global Industry Analysis 2015 – 2023

Nanomaterials refers to those tiny substances that come with a diameter of less than 100 nm. Nanomaterials find use in a wide variety of application in various domains like mechanical engineering, toxicology, pharmaceutical drug manufacture, polymer science, optical components, cosmetics, chemistry, and others.

American International Chemical Inc., Nanostructured & Amorphous Materials Inc., Martin Marietta Magnesia Specialties Inc., Eprui Nanoparticles & Microspheres Co. Ltd., Reinste Nano Ventures, and American Elements are some of the companies profiled in the global magnesium oxide nanopowder market.

Transparency Market Research has come up with an all-inclusive study on the global magnesium oxide nanopowder market, for the period 2015 to 2023. The report estimates that the global magnesium oxide nanopowder market is estimated to rise at a growth rate of 8.30% CAGR. The market is likely to reach US$ 3.4 billion through 2023.

Rapid Industrialization to Propel Asia Pacific at the Forefront of Market Growth

In the global magnesium oxide nanopowder market, Asia Pacific is expected to emerge as a leading regional segment. The region is estimated to rise at a robust CAGR over the tenure of assessment, thanks to rapid industrialization in the region. Expansion of various industries like electronic, coatings, cement, and steel in countries like China, India, and Japan is likely to work in favor of the global magnesium oxide nanopowder market.

Favorable foreign direct investment (FDI) policies by Indian government encourage investors to invest in metal and chemical processing industry thereby boosting overall growth of the industry. In China, various metal and steel industry has a very strong presence, which is expected to propel demand for furnaces. Increased demand for furnaces is expected to boost the Asia Pacific magnesium oxide nanopowder market in years to come.

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Excellent Insulating Properties Make it Ideal for Use in Electronics Industry

The global magnesium oxide nanopowder market is anticipated witness stellar growth due to augmented use of the product in various end-use applications such as fuel additives, ceramics, pharmaceuticals, cement, and food additives.

Calcinations lead to production of magnesium oxide, which comes with chemical and thermal stability. It, as such, finds use in the making of flame retardant coatings and paints. Magnesium oxide nanopowder also finds use in refractory linings that are applied in boilers and furnaces. Increased use in boilers and furnaces is expected to stimulate growth of the global magnesium oxide nanopowder market in years to come.

In addition, large surface powder has large surface area in comparison with particle size, which makes it useful in the construction industry. Furthermore, outstanding insulating properties make it ideal for use in the electrical and electronics industry. With use in such a wide variety of industries, the global magnesium oxide nanopowder market is estimated to witness considerable growth over the tenure of assessment, from 2015 to 2023.

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Magnesium Oxide Nanopowder Market – Global Industry Analysis 2015 – 2023

Nanomaterials refers to those tiny substances that come with a diameter of less than 100 nm. Nanomaterials find use in a wide variety of application in various domains like mechanical engineering, toxicology, pharmaceutical drug manufacture, polymer science, optical components, cosmetics, chemistry, and others.

American International Chemical Inc., Nanostructured & Amorphous Materials Inc., Martin Marietta Magnesia Specialties Inc., Eprui Nanoparticles & Microspheres Co. Ltd., Reinste Nano Ventures, and American Elements are some of the companies profiled in the global magnesium oxide nanopowder market.

Transparency Market Research has come up with an all-inclusive study on the global magnesium oxide nanopowder market, for the period 2015 to 2023. The report estimates that the global magnesium oxide nanopowder market is estimated to rise at a growth rate of 8.30% CAGR. The market is likely to reach US$ 3.4 billion through 2023.

Rapid Industrialization to Propel Asia Pacific at the Forefront of Market Growth

In the global magnesium oxide nanopowder market, Asia Pacific is expected to emerge as a leading regional segment. The region is estimated to rise at a robust CAGR over the tenure of assessment, thanks to rapid industrialization in the region. Expansion of various industries like electronic, coatings, cement, and steel in countries like China, India, and Japan is likely to work in favor of the global magnesium oxide nanopowder market.

Favorable foreign direct investment (FDI) policies by Indian government encourage investors to invest in metal and chemical processing industry thereby boosting overall growth of the industry. In China, various metal and steel industry has a very strong presence, which is expected to propel demand for furnaces. Increased demand for furnaces is expected to boost the Asia Pacific magnesium oxide nanopowder market in years to come.

Request PDF Brochure@https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=792

Excellent Insulating Properties Make it Ideal for Use in Electronics Industry

The global magnesium oxide nanopowder market is anticipated witness stellar growth due to augmented use of the product in various end-use applications such as fuel additives, ceramics, pharmaceuticals, cement, and food additives.

Calcinations lead to production of magnesium oxide, which comes with chemical and thermal stability. It, as such, finds use in the making of flame retardant coatings and paints. Magnesium oxide nanopowder also finds use in refractory linings that are applied in boilers and furnaces. Increased use in boilers and furnaces is expected to stimulate growth of the global magnesium oxide nanopowder market in years to come.

In addition, large surface powder has large surface area in comparison with particle size, which makes it useful in the construction industry. Furthermore, outstanding insulating properties make it ideal for use in the electrical and electronics industry. With use in such a wide variety of industries, the global magnesium oxide nanopowder market is estimated to witness considerable growth over the tenure of assessment, from 2015 to 2023.

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Magnesium Oxide Nanopowder Market is estimated to rise at a growth rate of 8.30% CAGR

Nanomaterials refers to those tiny substances that come with a diameter of less than 100 nm. Nanomaterials find use in a wide variety of application in various domains like mechanical engineering, toxicology, pharmaceutical drug manufacture, polymer science, optical components, cosmetics, chemistry, and others.

American International Chemical Inc., Nanostructured & Amorphous Materials Inc., Martin Marietta Magnesia Specialties Inc., Eprui Nanoparticles & Microspheres Co. Ltd., Reinste Nano Ventures, and American Elements are some of the companies profiled in the global magnesium oxide nanopowder market.

Transparency Market Research has come up with an all-inclusive study on the global magnesium oxide nanopowder market, for the period 2015 to 2023. The report estimates that the global magnesium oxide nanopowder market is estimated to rise at a growth rate of 8.30% CAGR. The market is likely to reach US$ 3.4 billion through 2023.

Rapid Industrialization to Propel Asia Pacific at the Forefront of Market Growth

In the global magnesium oxide nanopowder market, Asia Pacific is expected to emerge as a leading regional segment. The region is estimated to rise at a robust CAGR over the tenure of assessment, thanks to rapid industrialization in the region. Expansion of various industries like electronic, coatings, cement, and steel in countries like China, India, and Japan is likely to work in favor of the global magnesium oxide nanopowder market.

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Favorable foreign direct investment (FDI) policies by Indian government encourage investors to invest in metal and chemical processing industry thereby boosting overall growth of the industry. In China, various metal and steel industry has a very strong presence, which is expected to propel demand for furnaces. Increased demand for furnaces is expected to boost the Asia Pacific magnesium oxide nanopowder market in years to come.

Excellent Insulating Properties Make it Ideal for Use in Electronics Industry

The global magnesium oxide nanopowder market is anticipated witness stellar growth due to augmented use of the product in various end-use applications such as fuel additives, ceramics, pharmaceuticals, cement, and food additives.

Calcinations lead to production of magnesium oxide, which comes with chemical and thermal stability. It, as such, finds use in the making of flame retardant coatings and paints. Magnesium oxide nanopowder also finds use in refractory linings that are applied in boilers and furnaces. Increased use in boilers and furnaces is expected to stimulate growth of the global magnesium oxide nanopowder market in years to come.

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In addition, large surface powder has large surface area in comparison with particle size, which makes it useful in the construction industry. Furthermore, outstanding insulating properties make it ideal for use in the electrical and electronics industry. With use in such a wide variety of industries, the global magnesium oxide nanopowder market is estimated to witness considerable growth over the tenure of assessment, from 2015 to 2023.

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Magnesium Oxide Nanopowder Market to Expand at a Modest CAGR of 8.3% by 2023

Global Magnesium Oxide Nanopowder Market: Snapshot

The global magnesium oxide nanopowder market is anticipated to witness a significant growth in the coming years owing to its different applications in various industries. Magnesium oxides which known by the name of magnesia alba, has no taste, and odor. It is a non-toxic hygroscopic solid mineral which has high melting point. This mineral is known to highly pure in nature. Reasons leading to magnesium oxide to be used in various cement, ceramics, fuel additive, glass, and furnaces linings is its displays magnetic, electrical, optical, and chemical properties due to its small particle size and large specific surface area.

However, it has been noticed that increasing population who are concerned about the environment owing to the rise in greenhouse gas and depletion of oxygen is anticipated to create a roadblock in the path of the market growth. Apart from this, expensive cost of production is likely to deter the market growth. Nonetheless, the specific properties of magnesium oxide is anticipated to drive the market by finding its application in other industries. The global magnesium oxide nanopowder market is predicted to expand at a robust CAGR of 8.30% during the forecast period, 2015 – 2023. The market by the end of the assessed period is likely to touch US$3.4 bn fromUS$1.6 bn in 2014.

Surge in Demand for Refractory Materials to Fuel the Demand

The global magnesium oxide nanopowder market is classified on the basis of end user and region. On the basis of end user, the market is segregated into paints and coatings, electronics, construction, furnaces and boilers, and electrical. Amongst the pack, furnace and boilers held the major share in the market. Magnesium oxide nanopowder which possess a higher thermal stability is an idle material for refractories that is used by furnace linings and boilers. The furnace and boiler end user segment held a whopping share of 40% in recent years. Apart from these, owing to anti corrosion and fire-retardant properties, magnesium oxide nanopowder is extensively used in paints and coatings applications. Due to high insulating nature of magnesium oxide nanopowder, it finds its usage as a filler in electric insulating material which can be used in crucibles, insulated conduits, electrode sheets, electrode bars, and smelters.

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Aggressive construction activities all across the world, particularly in the developing countries such as Brazil, South Africa, Egypt, India, China, and Japan, have helped the market to grow at an exponential rate.  Recently, owing to an extensive research and development at the Northeastern University, found out that magnesium oxide nanoparticles exhibit properties that are favorable for using it in orthopedic tissue engineering. This has created a whole new growth opportunity for the market. Use of magnesium oxide nanopowder in the healthcare sector would help the market to grow stupendously. Apart from these, magnesium oxide nanopowder is used extensively in the pharmaceutical industry. Robust growth of pharmaceutical industry due to rising number of disorder cases along with rise in geriatric population is likely to catapult the global magnesium oxide nanoparticles market. It has been noticed that mass production of magnesium oxide nanopowder is expected to plunge down the manufacturing cost, this will help twitch up the applications of magnesium oxide nanopowder.

High Demand for Electronics Materials, Makes Asia Pacific to Rise High

On the basis of geography, the market is spread across North America, Asia Pacific, Latin America, Middle East and Africa, and Europe. Recently, Asia Pacific held a lion’s share in terms of volume owing to increase in demand for electronics materials in China, India, and other Asian countries. The region held a mind boggling 35% of the overall market in terms of volume. However, North America holds the second spot owing to rise in petrochemical industry. The Middle East and Africa is anticipated to grow in years to come. Some of the major players in the market are American Elements, Nanostructured & Amorphous Materials, Inc., US Research Nanomaterials, Inc., and SkySpring Nanomaterials, Inc.

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