The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the magnesium oxide nanopowder industry?
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.
Magnesium Oxide Nanopowder Market Driver: Increasing Demand For ‘ Propels Growth In The Magnesium Oxide Nanopowder Market
The increasing demand for CO2 emission reduction is expected to propel the growth of the magnesium oxide nanopowder market going forward. CO2 emission reduction refers to minimizing greenhouse gas (GHG) emissions generated by an individual, organization, or country. Magnesium oxide nanopowder can be used as an adsorbent for CO2 due to its unique properties, such as its appropriate surface area and porosity. Additionally, magnesium oxide can react with CO2 and water in the engine plume or atmosphere to produce magnesium carbonate or magnesium bicarbonate, which can help reduce CO2 emissions from aviation. For instance, in April 2024, the U.S. Energy Information Administration (EIA) reported that energy-related CO2 emissions in the U.S. dropped by 3% in 2023, equating to a reduction of 134 million metric tons (MMt). This decline was largely driven by the electric power sector, which contributed to a 7% decrease in emissions, making up 85% of the overall reduction. Therefore, increasing demand for CO2 emission reduction is driving the growth of the magnesium oxide nanopowder market.
Magnesium Oxide Nanopowder Market Driver: Growing Demand For Personal Care Products Drives Expansion Of The Magnesium Oxide Nanopowder Market
The increasing demand for personal care products is expected to propel the growth of the magnesium oxide nanopowder market going forward. A personal care product refers to a group of self-care items used for personal hygiene, cleaning and grooming. They include shampoos, conditioners, toothpaste, creams, cosmetics and home items. Magnesium oxide nanopowder can be used as a polishing agent in personal care products such as toothpaste and skin care products and it can also be used as an adhesive in personal care products such as hair care products. For instance, in February 2023, according to L’Oréal S.A., a France-based personal care company, sales of consumer products increased from 11.8% to 14.6% and active cosmetics sales increased from 28.0% to 30.6% from the 3rd quarter of 2022 to the 4th quarter of 2022. Therefore, the increasing demand for personal care products is driving the growth of the magnesium oxide nanopowder market.
Access Your Free Sample of the Global Amusement Parks Global Market Report 2025 Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=12894&type=smp
What is the estimated market size of the magnesium oxide nanopowder sector by 2029, based on current forecasts?
The magnesium oxide nanopowder market size has grown strongly in recent years. It will grow from $3.28 billion in 2024 to $3.6 billion in 2025 at a compound annual growth rate (CAGR) of 9.8%. 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 $5.09 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to growing demand from the construction industry, growing healthcare sector, incresing automotive industry, demand in environmental sector, increasing use of in the textile industry. Major trends in the forecast period include advanced nanopowder manufacturing, nano-based sensors and devices, advanced construction materials, energy storage and conversion, research and development activities in the magnesium oxide nanopowder.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=12894&type=smp
Who are the top players in the magnesium oxide nanopowder market?
Major companies operating in the magnesium oxide nanopowder market are SkySpring Nanomaterials Inc., Martin Marietta Materials Inc., Sigma-Aldrich, Shenzhen Kedali Industry Co. Ltd., Sisco Research Laboratories Pvt. Ltd., Baikowski SAS, Inframat Alloys Pvt. Ltd., GFS Chemicals Inc., Strem Chemicals Inc., American International Chemical Inc., American Elements, Superior Supplement Manufacturing Inc., High Purity Laboratory Chemicals Pvt. Ltd., Techinstro Industries, Nanoshel LLC, Nanografi Co. Inc., Nanostructured & Amorphous Materials Inc., Aremco Products Inc., US Research Nanomaterials Inc., Nanjing XFNANO Materials Tech Co. Ltd., Zibo Tianheng New Nanomaterials Technology Co . Ltd., Chemsol Group, Eprui Nanoparticles & Microspheres Co. Ltd., Reinste Nano Ventures Pvt. Ltd., NextGen Nano Limited .
Which geography holds the highest magnesium oxide nanopowder market share?
Asia-Pacific was the largest region in the magnesium oxide nanopowder market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in magnesium oxide nanopowder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/magnesium-oxide-nanopowder-global-market-report
How do different segments contribute to the overall expansion of the magnesium oxide nanopowder market?
The magnesium oxide nanopowder market covered in this report is segmented –
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
Subsegments:
1) By 99% Magnesium Oxide Nanopowder: Industrial Grade, Agricultural Grade
2) By 99.9% Magnesium Oxide Nanopowder: Electronics Grade, Coating Grade
3) By 99.99% Magnesium Oxide Nanopowder: Pharmaceutical Grade, Optical Grade
4) By 99.999% Magnesium Oxide Nanopowder: High-Purity Electronics Grade, Laboratory Grade
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12894
What defines the structure and scope of the magnesium oxide nanopowder market?
Magnesium oxide nanopowder is a fine white powder composed of magnesium and oxygen atoms. Magnesium oxide nanopowder has a very high melting point and low heat capacity, which makes it a suitable candidate for insulation applications. It is also used as an efficient catalyst in chemical reactions and as a flame-retardant additive in polymers to enhance fire safety.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
