Global Fused Magnesia Market Growth 2023-2029

Global Fused Magnesia Market Growth 2023-2029

This report studies the Fused Magnesia market, Fused magnesia (FM) is produced by smelting of calcined magnesia in electric arc furnaces at above 3000°C. Fused magnesia is considered to be one of the best thermal and electrical insulators with high density, high purity and large crystals.

LPI (LP Information)' newest research report, the “Fused Magnesia Industry Forecast” looks at past sales and reviews total world Fused Magnesia sales in 2022, providing a comprehensive analysis by region and market sector of projected Fused Magnesia sales for 2023 through 2029. With Fused Magnesia sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Fused Magnesia industry.

This Insight Report provides a comprehensive analysis of the global Fused Magnesia landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Fused Magnesia portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Fused Magnesia market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Fused Magnesia and breaks down the forecast by content, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Fused Magnesia.

The global Fused Magnesia market size is projected to grow from US$ 861.9 million in 2022 to US$ 953.5 million in 2029; it is expected to grow at a CAGR of 953.5 from 2023 to 2029.

The concentration of Fused Magnesia industry is low. The top 8 companies accounted for about 45% production volume market share. The major production regions mainly locate in China and Europe. And the major manufacturers are included RHI Magnesita, Magnezit Group, Liaoning Jinding Magnesite Group, Haicheng Magnesite, Kumas Manyezit Sanayi, Imerys Fused Minerals, Jiachen Group and GRECIAN MAGNESITE, etc.

The major manufacturers mainly concentrate in China and Europe. China Fused Magnesia production share was about 57%. Europe production share took 23% and North America production share also took 4%.

The largest end use for Fused Magnesia, accounting for about 60% of consumption, is in Steelmaking. The use of Fused Magnesia in Cementwas a fast-growing application, and accounted for about 9% of Fused Magnesia consumption.

This report presents a comprehensive overview, market shares, and growth opportunities of Fused Magnesia market by product content, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by content

0.96

0.97

0.98

Others

Segmentation by application

Steelmaking

Cement

Nonferrous Metals Industries

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

RHI Magnesita

Magnezit Group

Liaoning Jinding Magnesite Group

Haicheng Magnesite

Kumas Manyezit Sanayi

Imerys Fused Minerals

Jiachen Group

GRECIAN MAGNESITE

Key Questions Addressed in this Report

What is the 10-year outlook for the global Fused Magnesia market?

What factors are driving Fused Magnesia market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Fused Magnesia market opportunities vary by end market size?

How does Fused Magnesia break out content, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.