Overview of the global magnesium oxide nanoparticle market
Magnesium oxide nanoparticles have superior properties such as high melting point, purity, and hardness. These nano-sized materials are non-toxic, tasteless, and odorless white powdered materials. Research analysis on the global magnesium oxide nanoparticle market identifies that these properties of magnesium oxide nanoparticles will be one of the major factors that will have a positive impact on the growth of the market. They are highly preferred over traditional organic chemicals such as phosphorus or halogen flame retardants because only a small amount of magnesium oxide nanoparticles is sufficient for any application. They are extensively used as reinforcement in the matrix of composites due to their properties such as refractoriness, high compressive strength, and wear resistance. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 8% by 2021.
Manufacturers are synthesizing high-performance flame retardants using magnesium oxide nanoparticles. The increasing adoption of these nanoparticles as a flame retardant is identified as one of the key trends that will gain traction in the global magnesium oxide nanoparticle market for the next four years. The production process of flame-retardant fiber additives requires only a small amount of magnesium oxide powder. Furthermore, it has been estimated that the application of traditional organic phosphorus or halogen flame retardants will decline in APAC in the forthcoming years.
Competitive landscape and key vendors
The magnesium oxide nanoparticle market is concentrated and characterized by the presence of very few vendors. These vendors of the MgO nanoparticles market are involved in the manufacturing process. A large number of vendors from various verticals are entering the market due to the identification of niche nanoparticles applications such as the aerospace, fuel additive in oil and gas, and flame retardant through advancement in research and developmental activities.
Key vendors in this market are -
EPRUI Nanoparticles & Microspheres
Other prominent vendors in the market include American International Chemical (AIC), MARTIN MARIETTA MAGNESIA SPECIALTIES, NaBond Technologies, Nano Labs, Nanostructured & Amorphous Materials, NanoScale Corporation, and REINSTE.
Segmentation by application and analysis of the magnesium oxide nanoparticle market
Construction and ceramics
Magnesium oxide nanoparticles offer good insulating properties, which drives its demand as refractories in furnace linings. They have superior mechanical properties. Furnace lining will continue to be the largest application segment throughout the estimated period because magnesium oxide nanomaterials provide corrosion resistance, high thermal conductivity, high tensile strength, and low electrical conductivity when it is mixed with carbon, graphite, and other ceramic materials.
Segmentation by geography and analysis of the magnesium oxide nanoparticle market
The steel, cement, coatings, and electronic industries in emerging markets of China, India, and Japan are witnessing growth in APAC due to the rapid industrialization. Magnesium oxide nanoparticles are highly utilized in these industries for various application purposes. The adoption of magnesium oxide nanoparticles as refractories will continue to increase during the forecasted period due to the rising demand for furnace lining in the APAC region.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global magnesium oxide nanoparticle market?
What are the key market trends impacting the growth of the global magnesium oxide nanoparticle market?
What are the challenges to market growth?
Who are the key vendors in the global magnesium oxide nanoparticle market?
What are the market opportunities and threats faced by the vendors in the global magnesium oxide nanoparticle market?
What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the global magnesium oxide nanoparticle market?
Technavio also offers customization on reports based on specific client requirement.
The high consumption of magnesium oxide nanoparticles in furnaces and boilers is anticipated to be one of the major drivers stimulating the growth of the magnesium oxide nanoparticles market over the next four years. Our upcoming market research report on magnesium oxide nanoparticles is focused on providing crucial market insights to businesses that are intending to expand their market presence across multiple segments of the magnesium oxide nanoparticles market. This market research report encompasses present and future market aspects like drivers, trends, and challenges having a direct impact on the market space. In order to deliver deep insight about the changing market scenario, market research analysts bifurcate the global market into niche market segments broadly based on application and geography.
Technavio’s market analysis is based on information gathered from multiple channels like focus group discussions and online market surveys. This research reports aims at providing insights into the imperative drivers and trends directly impacting the growth of the magnesium oxide nanoparticle market. These drivers are derived from a comprehensive framework structured by our industry experts and is based on the data collected from channel partners, industry experts, and strategic decision makers. The report also takes into account the demand-supply ecosystem in several regions such as the Americas, APAC, and EMEA. In terms of vendor landscape, this report identifies several vendors such as American Elements, Stream Chemicals, Inframat Corporation, and Nano Labs.
Apart from providing information on changing trends and prominent drivers, this report also provides intelligence that will help clients expend their market presence and increase revenues. To accurately forecast the market growth, market experts have also considered the growth of similar markets such as the global zinc oxide market which is expected to grow at a CAGR of around 4%.