Magnesium oxide Market Recent Developments, Emerging Trends and Business Outlook with forecast to 2026

Magnesium oxide nanopowder is made using magnesium ore as a raw material. The production of magnesium oxide nanopowder requires a high-energy process in which magnesium hydroxide is calcined at high temperatures. Because magnesium oxide generated by calcination has great thermal and chemical durability, it is employed in the production of flame retardant paints and coatings. It's also found in refractory linings for furnaces and boilers. Magnesium oxide nanopowder has a high surface area to particle size ratio. As a result, it is beneficial in the building business. Because of its outstanding insulating qualities, magnesium oxide nanopowder is widely employed in electronics and electrical applications. Magnesium oxide nanopowder is also used as a corrosion inhibitor in applications such as fuel additives.

Furnaces and boilers were the most important end-user category of the magnesium oxide nanopowder market in 2014, accounting for more than 45 percent of the total. Magnesium oxide nanopowder is widely utilized in refractories for furnace linings due to its strong thermal stability. The use of magnesium oxide nanopowder in orthopedic tissue engineering is being researched and developed. This broadens the range of applications in the healthcare business. Magnesium oxide nanopowder is employed as a dispersed component in polymer composites for tissue regeneration during joint repair procedures. When magnesium is burnt in the open air, it becomes highly hot and emits fumes. It can produce metal fume fever if breathed. As a result, care must be taken during the production and storage processes. Health concerns and the negative impact on the environment are projected to stymie industry expansion.

Furthermore, due to increasing demand, especially from the aerospace industry, the magnesium oxide nanopowder market in Europe is expected to grow rapidly. In the near future, the magnesium oxide nanopowder market is expected to be driven by rising demand for fuel additives as well as rising need for refractory materials. Because of increased safety concerns, demand for magnesium oxide nanopowder in flame retardant applications is likely to rise. Furthermore, the development of cost-effective manufacturing processes and the attainment of economies of scale are anticipated to operate as market opportunities in the near future.