Magnesium Oxide Market 2022 business opportunities investments growth analysis company profiles and forecast to 2027
Magnesium Oxide Market Magnesium Oxide has diverse sources as well as uses. Not only from it can be produced from the magnesite ores extracted from the ores under the earth's surface via pyrolysis, but it can also be recovered from seawater through electrolysis. Its usage ranges from agriculture to construction. Market Research Future (MRFR) has published a research report that concludes decent growth for the global magnesium oxide market with a 5.34% CAGR (Compound Annual Growth Rate) in terms of value and 5.07% CAGR in terms of value between 2020 and 2027. In terms of cash, it is expected to reach US $ 5376.5 mn by the end of the forecast period. This report features market structure, along with an estimated future growth forecast for the next 7 years. The growing demand for magnesium oxide in fertilizers and animal feed, and the need for refractory material in furnaces, incinerators, kilns, and reactors are positively contributing to the growth of this market. Growth in the cera...