Magnesium Oxide Boards Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Magnesium Oxide Board Market
The magnesium oxide board market size was valued at USD 1557.3 million in 2022, and the market is now projected to grow from USD 1637.9 million in 2023 to USD 2372.7 million by 2032, exhibiting a CAGR of 5.4% during the forecast period of 2023-2030.
The building material industry, including magnesia board manufacturing, faced significant disruption during the COVID-19 outbreak, leading to supply shortages and price fluctuations in raw materials such as magnesium oxide. Companies implemented safety measures for employees amidst crippled demand. Despite challenges, growing awareness of environmentally friendly products boosted demand for magnesium oxide boards due to their durability, particularly in enhancing the lifespan of interior and exterior walls.
Market expansion is propelled by growing investment in eco-friendly construction, driving demand for MgO boards due to their absence of harmful elements like formaldehyde and asbestos. With smokeless, non-toxic, and non-odorous properties, MgO boards align with the increasing preference for environmentally-friendly materials in construction projects.
The continuous uptrend in residential and commercial construction activities is fueling demand for magnesium oxide boards, driven by their excellent insulation, soundproofing, and fire-resistant properties. These characteristics present significant growth opportunities for the magnesium oxide board market as they align with the stringent requirements of modern construction projects.
Comprehensive Analysis of Magnesium Oxide Board Market
The magnesium oxide board market growth is rising at an exponential rate due to its market segmentation. This marketplace enlargement successfully affords an in-depth local exam thinking about the dominant deliver and demand forces that effect the enterprise. These segmentations are methodically segregated by product type analysis, by application analysis. By product type analysis include, thin (<8 mm), medium (8-15 mm), and thick (>15 mm). By application analysis include, residential, commercial, and industrial.
The Asia Pacific region lead the magnesium oxide board market share by benefitting a market size of USD 778.6 million in 2022 due to increasing product demand from developing nations, such as China, India, and other.
The pinnacle players inside the market play a critical function in the enterprise assuring market growth and placing marketplace requirements. These players include, Magnum Board Products, LLC. (U.S.), Ambient Bamboo Products Inc. (U.S.), GemtreeBoard (China), Kunshan Rockmax Building MATERIAL Co., LTD (China), Suparna Building Materials (China), Ukrmagnesit (Ukraine), RPV Industries (India), North American MgO LLC (U.S.), Foreverboard California, Inc. (U.S.), MgOBoards Factory (Saudi Arabia), Earcons Acoustic Building System Private Limited (India) these market players provide a level-playing competitive landscape.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 5.4% from 2023 to 2030
Unit Value (USD Million)
Segmentation By Product Type, Application, and Geography
By Product Type Thin (<8 mm)
Medium (8-15 mm)
Thick (>15 mm)
By Application Residential
Commercial
Industrial
By Geography North America (By Product Type, By Application, By Country)
- U.S.
- Canada
Europe (By Product Type, By Application, By Country)
- Germany
- U.K.
- France
- Italy
- Rest of Europe
Asia Pacific (By Product Type, By Application, By Country)
- China
- India
- Japan
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America (By Product Type, By Application, By Country)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa (By Product Type, By Application, By Country)
- Middle East
- Africa
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Fiber Optics Key Players Market Share/Ranking, 2023
- 5. Global Fiber Optics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Fiber Type (USD)
- 5.2.1. Plastic
- 5.2.2. Glass
- 5.3. By Type (USD)
- 5.3.1. Single-mode
- 5.3.2. Multimode
- 5.4. By Application (USD)
- 5.4.1. Telecom
- 5.4.2. Automobile
- 5.4.3. Medical Equipment
- 5.4.4. Power Utilities
- 5.4.5. Aerospace & Defense
- 5.4.6. Industrial Automation & Control
- 5.4.7. Others
- 5.5. By Region (USD)
- 5.5.1. North America
- 5.5.2. South America
- 5.5.3. Europe
- 5.5.4. Middle East & Africa
- 5.5.5. Asia Pacific
- 6. North America Fiber Optics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Fiber Type (USD)
- 6.2.1. Plastic
- 6.2.2. Glass
- 6.3. By Type (USD)
- 6.3.1. Single-mode
- 6.3.2. Multimode
- 6.4. By Application (USD)
- 6.4.1. Telecom
- 6.4.2. Automobile
- 6.4.3. Medical Equipment
- 6.4.4. Power Utilities
- 6.4.5. Aerospace & Defense
- 6.4.6. Industrial Automation & Control
- 6.4.7. Others
- 6.5. By Country (USD)
- 6.5.1. United States
- 6.5.2. Canada
- 6.5.3. Mexico
- 7. South America Fiber Optics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Fiber Type (USD)
- 7.2.1. Plastic
- 7.2.2. Glass
- 7.3. By Type (USD)
- 7.3.1. Single-mode
- 7.3.2. Multimode
- 7.4. By Application (USD)
- 7.4.1. Telecom
- 7.4.2. Automobile
- 7.4.3. Medical Equipment
- 7.4.4. Power Utilities
- 7.4.5. Aerospace & Defense
- 7.4.6. Industrial Automation & Control
- 7.4.7. Others
- 7.5. By Country (USD)
- 7.5.1. Brazil
- 7.5.2. Argentina
- 7.5.3. Rest of South America
- 8. Europe Fiber Optics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Fiber Type (USD)
- 8.2.1. Plastic
- 8.2.2. Glass
- 8.3. By Type (USD)
- 8.3.1. Single-mode
- 8.3.2. Multimode
- 8.4. By Application (USD)
- 8.4.1. Telecom
- 8.4.2. Automobile
- 8.4.3. Medical Equipment
- 8.4.4. Power Utilities
- 8.4.5. Aerospace & Defense
- 8.4.6. Industrial Automation & Control
- 8.4.7. Others
- 8.5. By Country (USD)
- 8.5.1. Germany
- 8.5.2. France
- 8.5.3. Italy
- 8.5.4. Austria
- 8.5.5. Finland
- 8.5.6. Rest of Europe
- 9. Middle East & Africa Fiber Optics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Fiber Type (USD)
- 9.2.1. Plastic
- 9.2.2. Glass
- 9.3. By Type (USD)
- 9.3.1. Single-mode
- 9.3.2. Multimode
- 9.4. By Application (USD)
- 9.4.1. Telecom
- 9.4.2. Automobile
- 9.4.3. Medical Equipment
- 9.4.4. Power Utilities
- 9.4.5. Aerospace & Defense
- 9.4.6. Industrial Automation & Control
- 9.4.7. Others
- 9.5. By Country (USD)
- 9.5.1. Turkey
- 9.5.2. Israel
- 9.5.3. GCC
- 9.5.4. North Africa
- 9.5.5. South Africa
- 9.5.6. Rest of MEA
- 10. Asia Pacific Fiber Optics Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Fiber Type (USD)
- 10.2.1. Plastic
- 10.2.2. Glass
- 10.3. By Type (USD)
- 10.3.1. Single-mode
- 10.3.2. Multimode
- 10.4. By Application (USD)
- 10.4.1. Telecom
- 10.4.2. Automobile
- 10.4.3. Medical Equipment
- 10.4.4. Power Utilities
- 10.4.5. Aerospace & Defense
- 10.4.6. Industrial Automation & Control
- 10.4.7. Others
- 10.5. By Country (USD)
- 10.5.1. China
- 10.5.2. India
- 10.5.3. Japan
- 10.5.4. South Korea
- 10.5.5. ASEAN
- 10.5.6. Oceania
- 10.5.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Heraeus Group
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Corning Incorporated
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Prysmian Group
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Shin-Etsu Chemical Co, Ltd
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Nokia Corporation
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Rosendahl Nextrom GmbH
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. FOLAN
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. CommScope Holding Company, Inc.
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. PI (Physik Instrumete) L.P.
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. OFS Fitel, LLC
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
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