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 i...