Global dead burned magnesia will rise slightly over the next five years. According to the WK-chem Research, "Global Dead Burned Magnesia Professional Survey Report 2022, Forecast to 2027", the rise in the construction and automobile sector in developed and agricultural nations are the key factors expected to drive Dead Burned Magnesia Market during the forecast period. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.31% base on WK-chem Research regression analysis model.
Analysts' Viewpoint
"The energy reserve funds related to magnesia-based concretes is high because of lower temperature prerequisites. Besides, the capacity of DBM can ingest CO2 from the climate to form carbonates and hydroxy carbonates, which makes it highly sustainable. Similarly, magnesia concretes have phenomenal shrinkage capacities. All these reasons will widen the scope of the global dead burned magnesia market", said Beverly Patel, Senior analyst, in WK-chem Research.
Market insight
DBM has many refractory applications in the production of basic monolithic refractory products such as tundish working linings, gunning repair products, and precast shapes. The refractory sector consumes most of the market of magnesium compounds. Refractory types are nonmetallic substances that have better heat resistant properties and are used as the linings in kilns, furnaces, and reactors. The rise in the construction and automobile sector in developed and agricultural nations is expected to fuel steel utilization. Subsequently, this will surge the demand for expanding the interest for DBM in refractory brick production. Improved standard of living, ascend in spending limits, and fast urbanization are central point's supporting the creation of more residential buildings. With construction projects, the steel demand is rising too. The rising foundation and private development exercises in India, China, Brazil, Mexico, and Russia are contributing considerably to steel utilization. This is helping in increasing the market for dead burned magnesia. Strict lockdown measures, supply chain disruptions, fewer labor options, and limited mining activities considerably impacted the magnesite creation. This affected the magnesia supply in the production cycle. The developed economies faced considerable losses in the steel and construction industries. The emerging economies of Asia Pacific recaptured the market with vigorous contamination control measures and increased vaccination campaigns. China showed slow steel and cement production in the initial phase of 2020. Post pandemic, the nation rapidly displayed a solid positive development in the steel area at the end of 2020. Slowly the global dead burned magnesia market is recovering from the losses suffered during the pandemic and is expected to grow at a healthy CAGR in the coming years.
Competition Landscape
: Jan 2021- Ere?li Demir ve ?elik Fabrikalar? T.A.?. (Erdemir), Turkey's leading steel producer has acquired the Kumas Manyezit for USD 340 million. This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading dead burned magnesia companies that include: RHI-Magnesita, Magnezit Group, SMZ Jelsava, Martin Marietta Magnesia Specialties, Kumas Magnesite Works, Nedmag Industries, Grecian Magnesite, Baymag, Industrias Penoles, Ube Material Industries, Haicheng Houying Group, Haicheng Magnesite Refractory, Haicheng Huayu Group, Jiachen Group, Qinghua Refractory Group, Dashiqiao Huamei Group.
Market Segmentation
: According to the type, the market for dead burned magnesia is divided into: 90%, 90
