Chemical Industry Updates

  Magnesium oxide, also known as magnesia, is an inorganic compound used as a refractory material in various industries due to its high heat resistance. Magnesium oxide has high melting point and is non-combustible in nature. Its products such as calcined magnesia, dead burned magnesia and fused magnesia are used in basic refractory linings, monolithic refractories and special structural refractory materials. The global Magnesium Oxide Market is estimated to be valued at US$ 6.8 billion in 2023 and is expected to exhibit a CAGR of 6.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends : The increasing usage of magnesium oxide in refractories accounts for nearly half of the global magnesium oxide consumption. Magnesium oxide is highly preferred as a refractory material in basic linings for steel, cement, lime, glass, non-ferrous and specialty metal furnaces due to its heat resistance property. It imparts fire

  Magnesium oxide, also known as magnesia, is a widely used refractory material with high thermal conductivity and resistance properties. Magnesium oxide finds extensive applications as a refractory material in blast furnaces, kilns, and incinerators owing to its excellent thermal shock resistance. It is also used as an aerospace and automotive material, a flame retardant, an insulating material in the construction industry, and as a raw material in the production of animal feed. The global magnesium oxide market is estimated to be valued at US$ 6.8 Bn in 2023 and is expected to exhibit a CAGR of 6.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The use of magnesium oxide as a refractory material has been a major factor driving market growth over the past decade. Magnesium oxide provides high thermal shock resistance and can withstand temperatures up to 3,000°C without degradation. This makes it an