산화 마그네슘 시장 규모, 점유율, 동향 분석 보고서 : 제품별, 용도별, 지역별, 부문별 예측(2025-2033년)

Magnesium Oxide Market Summary

The global magnesium oxide market size was estimated at USD 5.63 billion in 2024 and is projected to reach USD 9.25 billion by 2033, growing at a CAGR of 5.7% from 2025 to 2033. This growth is driven by the increasing/growing demand of the steel, cement, and ceramics sectors, particularly in emerging economies, which continues to drive magnesium oxide (MgO) consumption through its use in high-temperature refractory linings.

Moreover, the global shift toward sustainable manufacturing, environmental protection, and agricultural productivity elevated the demand for reactive and high-purity MgO in water treatment, emissions control, and soil enhancement. Furthermore, increasing innovation in pharmaceuticals, specialty chemicals, and advanced materials is expanding its functional scope. Backed by continuous technological advancement, process optimization, and vertical integration, magnesium oxide remains a strategically vital material enabling durability, efficiency, and sustainability across global value chains.

Key opportunities in the magnesium oxide industry are increasing due to demand across various end-use industries, including environmental, construction, agriculture, and healthcare. With the increasing global emphasis on sustainable materials, MgO's eco-friendly profile plays a significant role in carbon capture, wastewater treatment, and soil enhancement, presenting major growth opportunities. The construction industry's shift toward fire-resistant and energy-efficient materials further fuels the adoption of MgO boards and cement. Additionally, its use in animal feed, fertilizers, and pharmaceuticals benefits from the growing focus on nutrition and health. Technological advancements in production efficiency and the development of high-purity, reactive grades also open new possibilities in electronics, refractories, and specialty chemicals, making MgO a key material in the transition toward greener and high-performance applications.

The global MgO market continues to face a range of structural and operational challenges that influence its long-term growth trajectory. A key concern is the volatility in magnesite prices, which directly impacts production economics and pricing stability. Stringent environmental regulations governing mining and calcination processes have increased compliance costs and restricted supply in several regions. Persistent quality inconsistencies among producers, particularly in developing markets, affected product performance and end-user confidence. Moreover, competition from alternative materials such as calcium oxide and other refractory substitutes presents an ongoing threat to market share.

Global Magnesium Oxide Market Report Segmentation

This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the global magnesium oxide market report based on product, application, and region:

• Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2033)
• Dead Burned Magnesia (DBM)
• Caustic Calcined Magnesia (CCM)
• Fused/Electrofused MgO
• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2033)
• Agriculture
• Industrial
• Building & Construction
• Pharmaceuticals
• Environmental (FGD, Wastewater, Flue Gas)
• Other Applications
• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2033)
• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

Table of Contents

Chapter 1. Methodology and Scope

• 1.1. Research Methodology
• 1.2. Research Scope & Assumption
• 1.3. Information Procurement
  • 1.3.1. Purchased Database
  • 1.3.2. GVR's Internal Database
  • 1.3.3. Secondary Product & Third-Party Perspectives
  • 1.3.4. Primary Research
• 1.4. Information Analysis
  • 1.4.1. Data Analysis Models
• 1.5. Market Estimation & Data Visualization
• 1.6. List of Data Products

Chapter 2. Executive Summary

• 2.1. Market Outlook, 2024 (USD Million)
• 2.2. Segmental Outlook
• 2.3. Competitive Insights

Chapter 3. Magnesium Oxide Market Variables, Trends & Scope

• 3.1. Market Lineage/Ancillary Market Outlook
• 3.2. Industry Value Chain Analysis
  • 3.2.1. Sales Channel Analysis
  • 3.2.2. Manufacturing Trends/Technological Advancements
  • 3.2.3. Raw Product Trends
• 3.3. Price Trend Analysis, 2018 - 2033 (USD/KG)
  • 3.3.1. Key Factors Influencing Prices
• 3.4. Regulatory Framework
  • 3.4.1. Analyst Perspective
  • 3.4.2. Regulations & Standards
• 3.5. Market Dynamics
  • 3.5.1. Market Driver Analysis
  • 3.5.2. Market Restraint Analysis
  • 3.5.3. Industry Opportunities
  • 3.5.4. Industry Challenges
• 3.6. Business Other Applications Tools Analysis: Magnesium Oxide Market
  • 3.6.1. Porter's Five Forces Analysis
    • 3.6.1.1. Bargaining Power of Suppliers
    • 3.6.1.2. Bargaining Power of Buyers
    • 3.6.1.3. Threat of Substitution
    • 3.6.1.4. Threat of New Entrants
    • 3.6.1.5. Competitive Rivalry
  • 3.6.2. PESTLE Analysis
    • 3.6.2.1. Political Landscape
    • 3.6.2.2. Economic Landscape
    • 3.6.2.3. Social Landscape
    • 3.6.2.4. Polymer Product Landscape
    • 3.6.2.5. Other Applications Landscape
    • 3.6.2.6. Legal Landscape

Chapter 4. Magnesium Oxide Market: Product Estimates & Trend Analysis

• 4.1. Key Takeaways
• 4.2. Product Movement Analysis & Market Share, 2024 & 2033
• 4.3. Global Magnesium Oxide Market by Product, 2018 - 2033 (Kilotons) (USD Million)
• 4.4. Dead Burned Magnesia (DBM)
  • 4.4.1. Magnesium Oxide Market Estimates and Forecasts, for Dead Burned Magnesia (DBM), 2018 - 2033 (Kilotons)
• 4.5. Caustic Calcined Magnesia (CCM)
  • 4.5.1. Magnesium Oxide Market Estimates and Forecasts, for Caustic Calcined Magnesia (CCM), 2018 - 2033 (Kilotons) (USD Million)
• 4.6. Fused/Electrofused MgO
  • 4.6.1. Magnesium Oxide Market Estimates and Forecasts, for Fused/Electrofused MgO, 2018 - 2033 (Kilotons)

Chapter 5. Magnesium Oxide Market: Application Estimates & Trend Analysis

• 5.1. Key Takeaways
• 5.2. Application Movement Analysis & Market Share, 2024 & 2033
• 5.3. Global Magnesium Oxide Market by Application, 2018 - 2033 (Kilotons) (USD Million)
• 5.4. Agriculture
  • 5.4.1. Magnesium Oxide Market Estimates and Forecasts, for Agriculture, 2018 - 2033 (Kilotons)
• 5.5. Industrial
  • 5.5.1. Magnesium Oxide Market Estimates and Forecasts, for Industrial, 2018 - 2033 (Kilotons)
• 5.6. Building and Construction
  • 5.6.1. Magnesium Oxide Market Estimates and Forecasts, for Building and Construction, 2018 - 2033 (Kilotons)
• 5.7. Pharmaceuticals
  • 5.7.1. Magnesium Oxide Market Estimates and Forecasts, for Pharmaceuticals, 2018 - 2033 (Kilotons)
• 5.8. Environmental (FGD, Wastewater, Flue Gas)
  • 5.8.1. Magnesium Oxide Market Estimates and Forecasts, for Environmental (FGD, Wastewater, Flue Gas), 2018 - 2033 (Kilo Tons)
• 5.9. Other Applications
  • 5.9.1. Magnesium Oxide Market Estimates and Forecasts, for Other Applications, 2018 - 2033 (Kilotons)

Chapter 6. Magnesium Oxide Market: Regional Estimates & Trend Analysis

• 6.1. Key Takeaways
• 6.2. Regional Market Share Analysis, 2024 & 2033
• 6.3. North America
  • 6.3.1. North America Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
  • 6.3.2. North America Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
  • 6.3.3. North America Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 6.3.4. U.S.
    • 6.3.4.1. U.S. Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
    • 6.3.4.2. U.S. Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
    • 6.3.4.3. U.S. Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 6.3.5. Canada
    • 6.3.5.1. Canada Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
    • 6.3.5.2. Canada Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
    • 6.3.5.3. Canada Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 6.3.6. Mexico
    • 6.3.6.1. Mexico Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
    • 6.3.6.2. Mexico Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
    • 6.3.6.3. Mexico Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
• 6.4. Europe
  • 6.4.1. Europe Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
  • 6.4.2. Europe Magnesium Oxide Market Estimates and Forecasts, Product, 2018 - 2033 (Kilotons) (USD Million)
  • 6.4.3. Europe Magnesium Oxide Market Estimates and Forecasts, Application, 2018 - 2033 (Kilotons) (USD Million)
  • 6.4.4. Germany
    • 6.4.4.1. Germany Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
    • 6.4.4.2. Germany Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
    • 6.4.4.3. Germany Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 6.4.5. UK
    • 6.4.5.1. UK Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
    • 6.4.5.2. UK Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
    • 6.4.5.3. UK Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 6.4.6. France
    • 6.4.6.1. France Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
    • 6.4.6.2. France Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
    • 6.4.6.3. France Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 6.4.7. Italy
    • 6.4.7.1. Italy Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
    • 6.4.7.2. Italy Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
    • 6.4.7.3. Italy Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 6.4.8. Spain
    • 6.4.8.1. Spain Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
    • 6.4.8.2. Spain Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
    • 6.4.8.3. Spain Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
• 6.5. Asia Pacific
  • 6.5.1. Asia Pacific Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
  • 6.5.2. Asia Pacific Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
  • 6.5.3. Asia Pacific Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 6.5.4. China
    • 6.5.4.1. China Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
    • 6.5.4.2. China Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
    • 6.5.4.3. China Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 6.5.5. India
    • 6.5.5.1. India Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
    • 6.5.5.2. India Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
    • 6.5.5.3. India Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 6.5.6. Japan
    • 6.5.6.1. Japan Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
    • 6.5.6.2. Japan Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
    • 6.5.6.3. Japan Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 6.5.7. South Korea
    • 6.5.7.1. South Korea Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
    • 6.5.7.2. South Korea Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
    • 6.5.7.3. South Korea Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
• 6.6. Middle East & Africa
  • 6.6.1. Middle East & Africa Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
  • 6.6.2. Middle East & Africa Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
  • 6.6.3. Middle East & Africa Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 6.6.4. Saudi Arabia
    • 6.6.4.1. Saudi Arabia Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
    • 6.6.4.2. Saudi Arabia Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
    • 6.6.4.3. Saudi Arabia Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 6.6.5. South Africa
    • 6.6.5.1. South Africa Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
    • 6.6.5.2. South Africa Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
    • 6.6.5.3. South Africa Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
• 6.7. Latin America
  • 6.7.1. Latin America Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
  • 6.7.2. Latin America Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
  • 6.7.3. Latin America Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 6.7.4. Brazil
    • 6.7.4.1. Brazil Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
    • 6.7.4.2. Brazil Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
    • 6.7.4.3. Brazil Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
  • 6.7.5. Argentina
    • 6.7.5.1. Argentina Magnesium Oxide Market Estimates and Forecasts, 2018 - 2033 (Kilotons) (USD Million)
    • 6.7.5.2. Argentina Magnesium Oxide Market Estimates and Forecasts, By Product, 2018 - 2033 (Kilotons) (USD Million)
    • 6.7.5.3. Argentina Magnesium Oxide Market Estimates and Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)

Chapter 7. Competitive Landscape

• 7.1. Key Players, their Recent Developments, and their Impact on Industry
• 7.2. Competition Categorization
• 7.3. Company Market Position Analysis
• 7.4. Company Heat Map Analysis
• 7.5. Strategy Mapping, 2024
• 7.6. Company Listing
  • 7.6.1. Israel Chemical Ltd. (ICL)
    • 7.6.1.1. Company Overview
    • 7.6.1.2. Financial Performance
    • 7.6.1.3. Product Type Benchmarking
  • 7.6.2. Martin Marietta Magnesia Specialties
    • 7.6.2.1. Company Overview
    • 7.6.2.2. Financial Performance
    • 7.6.2.3. Product Type Benchmarking
  • 7.6.3. Premier Magnesia
    • 7.6.3.1. Company Overview
    • 7.6.3.2. Financial Performance
    • 7.6.3.3. Product Type Benchmarking
  • 7.6.4. Grecian Magnesite
    • 7.6.4.1. Company Overview
    • 7.6.4.2. Financial Performance
    • 7.6.4.3. Product Type Benchmarking
  • 7.6.5. NEDMAG B.V.
    • 7.6.5.1. Company Overview
    • 7.6.5.2. Financial Performance
    • 7.6.5.3. Product Type Benchmarking
  • 7.6.6. Magnezit Group
    • 7.6.6.1. Company Overview
    • 7.6.6.2. Financial Performance
    • 7.6.6.3. Product Type Benchmarking
  • 7.6.7. Haicheng Guangling Refractory Manufacturing Co. LTD
    • 7.6.7.1. Company Overview
    • 7.6.7.2. Financial Performance
    • 7.6.7.3. Product Type Benchmarking
  • 7.6.8. YINGKOU MAGNESITE CHEMICAL IND GROUP CO.,LTD
    • 7.6.8.1. Company Overview
    • 7.6.8.2. Financial Performance
    • 7.6.8.3. Product Type Benchmarking
  • 7.6.9. Ube Material Industries Ltd
    • 7.6.9.1. Company Overview
    • 7.6.9.2. Financial Performance
    • 7.6.9.3. Product Type Benchmarking