Magnesium Oxide Market is slated to propel on the heels of progressing iron and steel industry amidst renewed fears of COVID-19 variants

 

Magnesium oxide is a white, translucent crystalline compound. It is a compound consisting of one atom and one electron. This compound has very few ions and therefore does not react to any form of combustion. Magnesium oxide has been in existence since the 1800's, and the compounds that compose it are known as the 'aerosol compounds'. It was first used as an oxidizing agent, but it is now widely used as an industrial mineral that produces useful products.

On the geographical front, the magnesium oxide market in the Asia Pacific region is foreseen to boost at a significant rate owing to the progressing trend of automation in the industrial sector coupled with increasing need for refractory materials. In parallel, the North American region is also posing a huge growth potential for the magnesium oxide market on the heels of accelerated use of ceramics for industrial applications.

The absorption rate of magnesium oxide is higher than that of magnesium citrate, and thus it is widely used for de-energizing concrete or reinforced steel. It has high solubility, which allows it to be easily dissolved in water. Magnesium absorption rate increases as magnesium oxide is added to the mixture, so the use of this chemical is commonly used to soften steel structures.

The growing demand for fluxing agents in reactors, incinerators, kilns, and furnaces is positively widening the magnesium oxide market’s growth. Plus, increasing application of magnesium oxide in the construction and agricultural sectors is also brightening the future of the magnesium oxide market. On the contrary, the rising inclination towards the alternative silicon carbide and graphite materials can raise a considerable blockade in the progress of the magnesium oxide market. Also, the COVID-19 pandemic has not been kind to many businesses, and the magnesium oxide market is no exception.

There are two main ways by which magnesium oxide may be used as a supplement. Firstly, magnesium supplements are generally added to regular Magnesium Citrate, which forms the basis of many Magnesium Oxide Supplements. Another way to add this supplement to the diet is through the consumption of oral magnesium supplements that contain trace amounts of magnesium oxide. The absorption rate of this type of magnesium supplement is not significantly higher than that of Magnesium Citrate, so these supplements are not generally prescribed by doctors as they do not meet the requirements of a strict dietary requirement. Still, they are a popular method of supplementing the diet.

In February 2021, the construction products making company, Huber Engineered Woods, unveiled the EXACOR MgO (magnesium oxide) panels that possess anti-fire properties for commercial buildings. During the same timeframe, a group of researchers from Fraunhofer Institute for Manufacturing Technology, Germany had created a hydrogen storage substance from the solid magnesium hydride material.