Albany NY (PRWEB) December 21, 2012
Asia-Pacific dominates the global market in terms of demand and is expected to be the most promising market in the near future.
The global demand for magnesium oxide nanopowder has been surging owing to its application in furnace linings, construction & ceramics and precision industries such as aerospace, advanced electronics and others. Volatility in market prices, higher cost of raw material and health issues are major concerns for the magnesium oxide nanopowder industry.
The magnesium oxide nanopowder market by application in terms of revenue is dominated by the refractory material in the furnace linings segment. The refractory market by revenue is growing at a CAGR of 8.5% from 2013 to 2018. Following this, the market for construction & ceramics is also witnessing significant growth. In terms of volume, the refractory market is growing with a CAGR of 7.3% for the forecast period between 2013 and 2018.
Asia-Pacific is the market leader for magnesium oxide nanopowder, growing at a CAGR of 8.9% by revenue and a CAGR of 7.7% by volume, both from 2013 to 2018. Europe and North America although occupying a smaller market share are growing steadily and growth is expected to be robust in these markets over the next five years. In Asia-Pacific, China and India are the most attractive markets and are expected to keep the region in the forefront in the magnesium oxide nanopowder market.
Related Report: http://www.transparencymarketresearch.com/teg-market.html
Some of the key players of the market are Martin Marietta Magnesia Specialties Inc., American Elements Company, Sigma Aldrich, SkySpring Nanomaterials, Inframat, and others. This research is specially designed to estimate and analyze the demand and performance of magnesium oxide nanopowder in a global scenario. The research provides in-depth analysis of nanopowder manufacturers, product sales, product volumes and trend analysis by segments and demand by geography. The report covers all the major product segments of the magnesium oxide nanopowder market and provides detailed analysis, historical data and statistically refined forecast for the segments covered.