With the rapid development of China’s magnesium oxide industry and the continuous growth of downstream demand, in recent years China’s magnesium oxide industry market size overall growth trend. According to information, in 2022, the market size of China’s magnesium oxide industry was 25.214 billion yuan, an increase of 17.1%. Among them, the market share of light-fired magnesium oxide is 96.6%; the market share of high purity magnesium oxide is 3.4%.
Lightweight magnesium oxide has important application value in optoelectronics, new energy and environmental protection and other sunrise industries. Lightweight magnesium oxide technology innovation under the application field is also gradually expanding, the domestic lightweight magnesium oxide market is in a period of rapid development.
Lightweight Magnesium Oxide Market size is growing year on year and is expected to continue expanding in the coming years. According to data from Lightweight Magnesium Oxide Market Outlook Analysis, the Lightweight Magnesium Oxide market size grew from approximately USD 10 billion in 2017 to approximately USD 15 billion by 2022. Lightweight magnesium oxide is widely used in building materials and ceramics industry. The demand for lightweight magnesium oxide in the construction industry is increasing with the advancement of urbanization and the improvement of people’s living standards. In addition, the ceramic industry also has a large demand for lightweight magnesium oxide for the manufacture of various ceramic products.
I. Overview
Magnesium oxide, an inorganic compound with the chemical formula MgO, is an oxide of magnesium, an ionic compound and a white solid at room temperature. Magnesium oxide exists in nature in the form of magnesite, which is the raw material for magnesium smelting. Magnesium oxide has a high degree of fire-resistant insulation properties. By burning at a high temperature of more than 1000 ℃ can be transformed into crystals, rising to 1500-2000 ℃ into dead burned magnesium oxide (magnesia) or sintered magnesium oxide. Magnesium oxide can be mainly divided into light magnesium oxide and heavy magnesium oxide two kinds, with the industrialization upgrade and high-tech functional materials market demand and development, magnesium oxide product categories are also enriched, research and development and production for high-level lubricating oil, high-level tanning leather alkali, food, medicine, silicon steel, high-level electromagnetism, high purity magnesium oxide, and so on a series of high-tech fine magnesium oxide products.
Lightweight magnesium oxide market investment prospects market demand: lightweight magnesium oxide as an important fireproof and heat-insulating material, it has a wide range of applications in the field of construction and decoration. With the development of the global construction industry and the requirements for energy saving and environmental protection, the demand for lightweight magnesium oxide continues to grow.In addition, the demand for lightweight magnesium oxide in automobile, steel, metallurgy and other industries is also expanding.
Technological progress: the production technology of lightweight magnesium oxide is constantly improving, and the introduction of new production processes and equipment has improved product quality and reduced production costs. This will further promote the development of lightweight magnesium oxide market.
Environmental policy: lightweight magnesium oxide market outlook analysis points out that with the enhancement of environmental protection awareness, the demand for fire prevention, heat insulation and other functional materials gradually increased. As an environmentally friendly material, lightweight magnesium oxide meets the requirements of green building and energy saving and emission reduction, and is supported and respected by the government.
International market competition: there is some international competition in the lightweight magnesium oxide market, in the international market, China is one of the major lightweight magnesium oxide producers. With technological progress and product quality improvement, China’s light magnesium oxide
quality, China’s light magnesium oxide products are competitive in the international market.
Light magnesium oxide market technology trends
Green production technology: With the enhancement of environmental protection consciousness, light magnesium oxide industry will pay more and more attention to the application of green production technology. This includes technological innovations to reduce energy consumption, reduce wastewater discharge, and improve resource utilization in order to achieve clean production and recycling.
Efficient production process: light magnesium oxide market prospects
The analysis anticipates that in the future, the lightweight magnesium oxide industry will continue to promote the research, development and application of high-efficiency production processes to improve production efficiency and reduce costs. This includes technological innovation in intelligent beneficiation of raw materials, high-temperature calcination, and fine processing to ensure product quality and production efficiency.
New material application technology: lightweight magnesium oxide, as a kind of functional material, in construction, metallurgy, chemical industry and other fields have widely used in construction, metallurgy, chemical industry and other fields. The future technology trend will include the research and development and application of lightweight magnesium oxide composite materials and functional lightweight magnesium oxide products to meet the demand for material performance in different fields.
Intelligent manufacturing and automation technology: with the development of intelligent manufacturing and industrial internet, lightweight magnesium oxide industry will gradually introduce intelligent production equipment and automated production process, improve the intelligent level of production line, and enhance production efficiency and product quality.
Environmental protection material research and development: in the face of global environmental protection pressure, lightweight magnesium oxide industry will increase the research and development of environmentally friendly materials, and promote the application of low-pollution, low-emission new material production technology, in order to meet the environmental protection policy on the industry’s requirements.
In general, lightweight magnesium oxide industry technology trends will be green, efficient, intelligent, functional and environmental protection direction. These technological trends will push the whole industry to develop in a more sustainable, innovative and competitive direction.