Magnesium Oxide Nanopowder Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast, 2010 - 2018
Albany, NY -- (SBWIRE) -- 03/25/2015 -- Transparency Market Research announces the launch of a new market report, 'Magnesium Oxide Nanopowder Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2012 - 2018'. The report projects that the global magnesium oxide nanopowder market will register a stable CAGR of 8.7% between 2013 and 2018, by which year the market is expected to be worth US$31.2 million. TMR's analysis estimates that the magnesium oxide nanopowder market stood at US$18.3 million in 2011. The findings of the report also state that Asia Pacific is currently the most influential market globally, in terms of demand. This region is expected to hold the same position through the forecast period of the report.
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A substantial portion of both demand and revenues in the magnesium oxide nanopowder market come from Asia Pacific. By volume, the Asia Pacific magnesium oxide nanopowder market is projected to exhibit a CAGR of 8.9%, whereas by volume, the CAGR will be about 7.7% between 2013 and 2018. China and India are regarded as high-potential markets within the Asia Pacific magnesium oxide nanopowder market. It is expected that these two regions will steer the APAC region to impressive growth rates in the near future.Currently, Europe and North America do not boast a very influential share of the magnesium oxide nanopowder market, but this is poised to change steadily. Both these regions are showing steady growth and will register robust growth figures by the end of the forecast period of this report.
In recent years, magnesium oxide nanopowder has witnessed a surge in demand because it finds applications in ceramics, the construction sector, in high-precision industries such as aerospace and advanced electronics, and in furnace linings among others. Despite a healthy rise in demand, the magnesium oxide nanopowder market has faced headwinds in the form of volatile market prices and an escalation in the cost of raw material over the last few years. Further, magnesium oxide nanopowder is considered to pose a health hazard, which has put it under the regulatory scanner in several countries. Companies in the magnesium oxide nanopowder market will need to find ways to contend with these challenges.
According to the report, the global magnesium oxide nanopowder market, when segmented by revenue from application, is led by the refractory material (furnace linings segment). Over the forecast period of this report, a CAGR of 8.5% will likely be seen in the refractory market by revenue. The other market that shows promising potential for growth is that of construction and ceramics. This market, in volume terms, is expected to chart a moderately healthy CAGR of 7.3% between 2013 and 2018.
Browse the full Magnesium Oxide Nanopowder Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast, 2010 - 2018 report at http://www.transparencymarketresearch.com/magnesium-oxide-nanopowder.html
Besides offering an in-depth analysis of the magnesium oxide nanopowder market from the global and regional standpoint, the report also profiles a number of leading companies in the market. Among the most prominent entities profiled in this market research report are: Martin Marietta Magnesia Specialties Inc., Sigma Aldrich, American Elements Company, Inframat, SkySpring Nanomaterials, and others.
About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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