The Business Research Company’s Magnesium Oxide Nanopowder Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Magnesium Oxide Nanopowder Global Market Report 2023 evaluates magnesium oxide nanopowder market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global magnesium oxide nanopowder market is expected to grow from $2.98 billion in 2023 to $3.28 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to growing demand for advanced materials, increasing demand from the electrical segment, government initiatives, rising electrical and optical usage. The magnesium oxide nanopowder market size is expected to see strong growth in the next few years. It will grow to $4.64 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.
Increasing demand for electronic products is expected to propel the growth of the magnesium oxide nanopowder market going forward. Electronic products are devices that utilize electronic circuits and components to perform specific functions or tasks. Magnesium oxide nanopowders are extensively used in coatings for electronic devices to improve their durability and resistance to wear and tear. For instance, in January 2023, according to the annual financial report 2022 published by LG, a South Korea-based consumer electronics company, sales surpassed $60 billion in 2022, with annual revenue up from 12.9% in 2021, approximately $52.70 billion. Further, the LG Home Appliance & Air Solution Company had revenue of $22.5 billion in 2022, up 10.3% from 2021. Therefore, increasing demand for electronic products is driving the growth of the magnesium oxide nanopowder market.
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The magnesium oxide nanopowder market segments in the report are:
1) By Type: 99% Magnesium Oxide Nanopowder, 99.9% Magnesium Oxide Nanopowder, 99.99% Magnesium Oxide Nanopowder, 99.999% Magnesium Oxide Nanopowder
2) By Application: Refractory Materials, Electric Insulation, Magnetic Devices, Fuel Additive, Fire Retardant
3) By End-User Industry: Metallurgy, Construction, Oil And Gas, Automotive, Electrical And Electronics, Other End-User Industries:
The table of contents in TBRC’s magnesium oxide nanopowder market report includes:
- Executive Summary
- Magnesium Oxide Nanopowder Market Characteristics
- Magnesium Oxide Nanopowder Market Trends And Strategies
- Magnesium Oxide Nanopowder Market – Macro Economic Scenario
- Global Magnesium Oxide Nanopowder Market Size and Growth
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- Global Magnesium Oxide Nanopowder Market Competitive Benchmarking
- Global Magnesium Oxide Nanopowder Market Competitive Dashboard
- Key Mergers And Acquisitions In The Magnesium Oxide Nanopowder Market
- Magnesium Oxide Nanopowder Market Future Outlook and Potential Analysis
- Appendix
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