Asia Pacific Dead Burned Magnesia Market

Market Overview

From 2022 to 2030, the Asia Pacific Dead Burned Magnesia Market is expected to develop at a CAGR of 4.55%, reaching USD 2668.60 million. Asia Pacific is the global leader having the maximum market share for Dead Burned Magnesia.

DBM stands for refractory magnesia (Dead Burned Magnesia). It's created by heating magnesium hydroxide and has a wide range of industrial and agricultural uses. It possesses the highest melting point and is a common regulation material in the steel industry for high-temperature processes. Refractory materials are non-metallic compounds that are used as linings in furnaces, kilns, and reactors because they are exceptionally heat resistant. For example, the steel sector is the greatest user of refractory magnesia. Magnesia is used in agriculture to boost the health of plants and cattle. Magnesium is an essential mineral for both. Plants require magnesium for photosynthesis. Magnesium is required for animals to avoid hypo magnesia, often known as grass tetany, a potentially fatal condition. DBM is used to make essential monolithic refractory goods such tundish working linings, gunning repair items, and precast shapes, among other things. DBM is used to make essential monolithic refractory goods such as tundish working linings, gunning repair items, and precast shapes, among other things. Lockdowns, mining limitations, and a slowdown in steel output, to name a few causes, all had an impact on the global market. A slowdown in the steel and construction sector caused significant losses in the industrialized world.

Market Dynamics

Market Drivers

• Increased Production of Refractory Bricks: A refractory brick is a block of ceramic material made specifically for use in kilns, furnaces, liners, fireboxes, and fireplaces. It can also resist extremely high temperatures of up to 1649 C while maintaining low thermal conductivity for improved energy efficiency. Magnesite bricks (85%magnesium oxide + 35% iron oxide) and dolomite refractory bricks are also used as basic refractory bricks (that can resist temperature 1400 C to 1600 C temperature). In the next years, the rising need for refractory bricks, particularly for the construction of new structures, is expected to boost demand and this in turn will boost the demand for Dead Burned Magnesia in the Asian Pacific region as it is used in the production of refractory bricks.

• Environment-Friendly Properties: Portland cement is one of the most frequently used cement kinds in the world, with applications ranging from concrete to masonry mortars. Portland cement manufacture has a lot of negative environmental consequences, including considerable CO2 emissions. The usage of magnesia-based concretes as an environmentally friendly choice will almost surely open up a host of new business opportunities in the Asia Pacific. MgO is predicted to be formed at lower temperatures than Portland cement. These reasons are propelling the dead burnt magnesia market in the Asian Pacific region to new heights, creating lucrative opportunities for big players.

Market Restraints

• Government Rules and Regulation to Impede Market Growth: China emits around a quarter of the world's ozone-depleting pollutants, which contribute to climate change. Its carbon-elevated parts have resulted in additional natural problems, such as soil and water contamination. As part of its environmental goal of carbon neutrality by 2060, the government intends to limit steel output. These factors have an impact on China's steel output. In India, the iron and steel sector is governed by the Environment Protection Act (EPA) and the Ministry of Environment and Forests' Environment Protection Rules and Regulations (MoEF&CC). Businesses must first obtain legal permissions from the Environmental Protection Agency (EPA) before constructing or expanding any new iron and steel factories. Central/State Pollution Control Boards are in charge of these. Hence, this can serve as a potential restraint in the growth of the DBM market in the region.

Market Opportunities

• Expanding Agriculture Sector: In South Asia and Southeast Asia, agricultural productivity is very important. Agriculture has always played a crucial role in the economic and social development of countries in South and Southeast Asia, where it has solely contributed to economic growth. In these two locations, jobs are being created, food security is being improved, and poverty is being reduced. The agricultural sector in Asia is predicted to rise during the forecasted period, which could present lucrative opportunities for the region's main players.

Regional Analysis

From 2022 to 2030, the Asia Pacific Dead Burned Magnesia Market is expected to develop at a CAGR of 4.55%, reaching USD 2668.60 million. Asia Pacific is the global leader having the maximum market share for Dead Burned Magnesia.

China contributes to climate change by emitting around a quarter of the world's ozone-depleting pollutants. Additional natural concerns, such as soil and water contamination, have resulted from its carbon-elevated sections. The government aims to limit steel production as part of its environmental goal of carbon neutrality by 2060. China's steel output is influenced by these factors and this shall affect the demand for DBM in a Chinese province.

The Environment Protection Act (EPA) and the Ministry of Environment and Forests' Environment Protection Rules and Regulations control the iron and steel industry in India (MoEF&CC). Before developing or expanding new iron and steel mills, businesses must first acquire legal clearance from the Environmental Protection Agency (EPA). Pollution Control Boards at the federal and state levels are in charge of these. It is a very significant factor to consider as it is a known fact that the majority of the DBM (more than 60%) is used in the steel industry.

Japan produced roughly 83.2 million tonnes of crude steel in 2020. As a result, Japan was one of the world's main producers of crude steel in 2020, accounting for roughly 5.3% of global crude steel production volume and hence a lot of demand is expected for the Dead Burned Magnesia in the country during the forecasted period.

Segmental Analysis

The Asia Pacific Dead Burned Magnesia Market is classified into four product types: 90%, 90%–92%, 92–95%, and more than 95%. The 90–92% sector will account for a significant percentage of the market, accounting for 16.5% in 2020, thanks to a strong CAGR of 3.74%. At the end of the figure period, it is predicted to reach USD 623,901.6 thousand. The remaining 90–92% is dead-eaten magnesia, which has a MgO content of 90–92%. DBM is sintered directly from crude magnesite faults in 90–92% of occurrences.

Steel accounted for 60.72% of the pie, according to esteem, and is expected to grow at a strong CAGR of 4.42% over the projection period. DBM is known for its thermal resistance and hardness, and as a result, it has a wide range of uses in the steel industry. It's also a good environmental solution, thus it's in high demand.

Steel is noted for its durability and resistance to corrosion. It's used in a number of industries, including construction and shipbuilding. The popularity of DBM-based refractories has risen in tandem with the growth of the steel industry. In addition, DBM has entered the heater lining business with the move to optional steel, which uses an electric heater to liquefy the salvaged material.