Caustic Calcined Magnesite Market Overview
According to the latest research, the demand for Caustic calcined magnesite (also known as caustic calcined magnesia) is anticipated to grow with a compelling growth rate of about 7.0% to 9.0% in between the coming assessment period of 2021-2031. Light calcined magnesite is another name for caustic calcined magnesia.
It comes in a variety of particle sizes and purity levels, making it suited for a wide range of applications. Caustic calcined magnesia is used for various applications such as an industrial flooring in construction industry, in paper and pulp production, wastewater treatment, fertilizers, cosmetics and many others.
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What is Driving Demand for Caustic Calcined Magnesite?
The major factor driving the market is the growing demand coming from the agricultural, and construction industry. Magnesia is used in the chemical industry to make compounds with high magnesium concentrations, that are used in agriculture as cattle feed additives.
It can be utilised in the construction industry as a magnesia cement compound known as Sorel cement. Rising demand for magnesium oxide in the construction of refractory linings of furnaces in the iron and steel sector as well as for heavy metal filtration in wastewater treatment will drive market growth.
Caustic calcined magnesia is increasingly being used in fertiliser manufacture and other agricultural purposes. The use of caustic calcined magnesia in the waste water treatment process, as well as in the production of aluminum-magnesium alloys for different aerospace and automotive applications will drive market expansion.
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Agriculture and Wastewater Treatment Industry to Boost the Market of Caustic Calcined Magnesite
Caustic Calcined magnesite is used in crops such as citrus, fruits and vegetables as a supplements as it is an important source of magnesium which can also be used for dairy supplements, for cattle feed and agricultural fertilizers.
Magnesia supports plant and livestock health in agricultural applications. Magnesium is in fact a necessary mineral for both. Magnesium is required for photosynthesis in plants. Magnesium is essential in animals to prevent hypomagnesia, often known as grass tetany, which is a life-threatening condition.
Magnesia is important for environmental conservation. It is used to remove silica from industrial wastewater and precipitate heavy metals. It’s used to clean the air by removing sulphur dioxide from industrial pollutants. It is used to clean up dangerous chemical spills because of its absorbent characteristics.
It’s also frequently used to make metal-bearing trash non-hazardous. The growing demand of CCM in agricultural and wastewater treatment industry will drive the market of caustic calcined magnesite.
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APAC Market Outlook for Caustic Calcined Magnesite
The Asia-Pacific Caustic calcined magnesite market is expected to grow at the fastest rate during the forecast period due to increased demand for the product in the chemical industry, with China leading the way.
The strong growth of the construction sector in China, India and ASEAN countries is projected to prove highly beneficial for the market. Furthermore, the presence of major market players in the region also contributes to maintain consistent market supply and thus enables growth.
North America Demand Outlook for Caustic Calcined Magnesite
Rising product adoption in the cosmetics industry will drive market expansion in North America. The increased demand for the product in the construction industry is driving expansion in Europe. Unites States holds the largest market of construction industry in North America, and the sector is also estimated to account for a significant share of the demand for this product in the country.
Who are the Key Manufacturers and Suppliers of Caustic Calcined Magnesite?
Some of the leading manufacturers and suppliers of Caustic Calcined Magnesite are
- Erzkontor Group
- TERNA MAG
- Nedmag
- Sibelco
- Magnezit Group
- Grecian Magnesite
- Star Grace Mining
- Queensland Magnesia
- Kumas
- Eltee International and many others.
With the growing number of opportunities, key players are also focusing on acquisitions of small and medium-sized players and collaborations with other market participants, either for R&D or to manufacture the product on a large scale. Significant growth in the construction industry and chemical industry in countries such as China and India drives the industrial sector market in the Asian-Pacific region.
The Caustic Calcined Magnesite report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.