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Dead Burned Magnesia Market

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Dead Burned Magnesia Market Size, Share & Trends Analysis Report By Product Type (Below 90%, 90–92%, 92%–95%, Above 95%), By Application (Steel Industry, Cement Industry, Non-ferrous Metal Industry, Glass Industry, Other) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Report Code: SRCH1487DR
Study Period 2019-2031 CAGR 4.4%
Historical Period 2019-2021 Forecast Period 2023-2031
Base Year 2022 Base Year Market Size USD 4068.8 Million
Forecast Year 2031 Forecast Year Market Size USD 5901.7 Million
Largest Market North America Fastest Growing Market Europe

Market Overview

The global dead burned magnesia market size was valued at USD 4068.8 million in 2022. It is projected to reach USD 5901.7 million by 2031, growing at a CAGR of 4.4% during the forecast period (2023–2031). Dead Burned Magnesia (DBM) is also called 'refractory magnesia.' It is made from the heating of magnesium hydroxide or magnesite and has various industrial and agricultural applications. It has the highest melting point and is a prominent regulation material for high-temperature processes in the steel business. 

Market Dynamics

The Widescale Application of DBM to Stir the Market

DBM has many refractory applications in the production of basic monolithic refractory products such as tundish working linings, gunning repair products, and precast shapes. The refractory sector consumes most of the market of magnesium compounds. Refractory types are nonmetallic substances that have better heat resistant properties and are used as the linings in kilns, furnaces, and reactors. The steel sector accounts for almost 70% of all refractory types, and the steel industry is the prime user of refractory magnesia.

The rise in the construction and automobile sector in developed and agricultural nations is expected to fuel steel utilization. Subsequently, this will surge the demand for expanding the interest for DBM in refractory brick production. Improved standard of living, ascend in spending limits, and fast urbanization are central points supporting the creation of more residential buildings. 

With construction projects, the steel demand is rising too. The rising foundation and private development exercises in India, China, Brazil, Mexico, and Russia are contributing considerably to steel utilization. This is helping in increasing the market for dead burned magnesia.

Environment Related Concerns to Afflict the Steel Production 

Most rugged steel is created by diminishing iron or by using coal. The steel business' impact heaters are exceptionally energy concentrated and vigorously depend on fossil carbon as a fuel. For every massive load of steel created, around 1.5 and 3 Kilo Tons of fossil carbon are transmitted into the environment.

China delivers around 25% of the world's yearly ozone harming emissions that add to environmental change. Its carbon-escalated areas have brought about extra natural difficulties, like soil and water contamination. The public authority plans to reduce steel production as part of its environmental objective of carbon neutrality by 2060. These factors are affecting steel production in China.

In India, the iron and steel industry is covered under the Environment Protection Act (EPA) and Environment Protection Rules and Regulations instituted by the Ministry of Environment and Forest (MoEF&CC). Before commencement, the businesses have to get legal clearances under the EPA for establishing or expanding any new iron and steel plants. Besides, the steel organizations are likewise expected to work under the guidelines of the contamination control board regarding water, air, strong waste age and usage. These are regulated by Central/State Pollution Control Boards.

Eco-Friendly Options to Spawn Lucrative Opportunities in the Market

Portland cement is one of the most generally utilized kinds of cement across the globe, and it is prominently used to make concrete and used in masonry mortars. The production of Portland cement has a few dangerous effects on the environment, and it further discharges extensively significant degrees of CO2. The use of magnesia-based concretes as an environmentally safe option will probably set out plentiful development open doors for the business organizations. Lower temperatures are expected to create MgO when contrasted with Portland cement.

The energy reserve funds related to magnesia-based concretes is high because of lower temperature prerequisites. Besides, the capacity of DBM can ingest CO2 from the climate to form carbonates and hydroxy carbonates, which makes it highly sustainable. Similarly, magnesia concretes have phenomenal shrinkage capacities. All these reasons are widening the scope of the global dead burned magnesia market.

Regional Analysis

Significant Growth in Asia-Pacific and Europe

The North American market share was USD 316.5 million in 2022 and is probably going to arrive at USD 437.3 million by 2031. The key elements driving the provincial market development are flooding interest for steel items combined with rising framework and business-building exercises. The development industry is the critical purchaser of steel items in the district. In 2019, the unrefined steel creation in North America was 120.0 Mt. All steel is recycled in North America every year.

Because of rigid unofficial laws, reused steel is exceptionally unmistakable in the local markets. Auxiliary steel is created utilizing an electric curve heater that uses DBM, which is a key element enlarging the local market development. 

Report Scope

Report Metric Details
By Product Type
  1. Below 90%
  2. 90–92%
  3. 92%–95%
  4. Above 95%
By Application
  1. Steel Industry
  2. Cement Industry
  3. Non-ferrous Metal Industry
  4. Glass Industry
  5. Other
Company Profiles RHI Magenista N.V, Magnezit Group, SMZ Jelsava, Martin Marreitta Magnesia Specialities LLC, Kumas Magnesite, Gracian Magnesite, among others.
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

In product of type, the global DBM market is fragmented into categories of 90%, 90–92%, 92–95%, or more 95%. The 90–92% portion holds an extensive portion of 16.5% share in 2020 and is projected to enroll a sound CAGR of 3.9% It is expected to arrive at USD 833.7 million before the finish of the figure period. The 90–92% portion has dead consumed magnesia with MgO content somewhere between 90 and 92%. DBM 90–92% is sintered straightforwardly from crude magnesite irregularities.

The steel section represented the most elevated piece of the pie of 60.72% by esteem and is assessed to enroll a robust CAGR of 4.7% during the forecast time frame. DBM is known for its heat resistance and toughness, consequently tracking down far-reaching applications in the steel industry. It is an eco-friendly option as well and hence in demand in the market.

Steel is known for its sturdiness and non-corrosiveness. It has wide application in construction, shipbuilding, and so forth. The rising development of the steel industry is a crucial variable increasing the interest for DBM-based refractories. Besides, the shift towards optional steel, which utilizes an electric heater to liquefy the salvaged material, likewise involves DBM in heater lining, in this way further proclaims the business development. 

Market Size By Product Type

Impact of covid-19

Before the COVID-19 pandemic, the worldwide DBM market was determined by its use in the refractory sector. The steel business was the prominent consumer of magnesia-based essential refractories in the steelmaking process. There was a substantial interest in steel items from the construction area because of the rising demand for residential properties. Besides, its heat resistant properties and its End Users in non-ferrous metallurgy and steelmaking further supported the market development. China is a vital supporter of the DBM market development. 

The dead consumed magnesia market saw a dunk of 3.3% in 2020. Lockdowns, restrictions on mining activities, slowing down of steel production are a few factors that influenced the global market. The developed nation bore extreme losses due to a reduction in the activities of steel and construction industries. 

The rising economies of Asia Pacific recaptured business during the last phase of 2021 and the start of 2021. Due to the pollution control norms and pandemic spur, steel production was drastically affected in China. At the end of 2020, it was back on track by increasing its production capacities to 100%.

Market Recovery Timeline from the Impact of COVID-19 and its Challenges

The episode of COVID-19 and its endeavors to curb its spread caused interruptions in many mining and metal production enterprises across the globe. The general interest for magnesium builds was somewhat lower in the initial half-year of 2020, which bounced back to January as lockdowns in not many powerful nations were lifted. China stays the biggest maker of magnesite and magnesia items. Slow monetary development and strategy changes have prompted conflicting supplies and restricted accessibility of all magnesia grades in the worldwide market. 

The magnesia makers either stopped their production or worked at the half, hence balancing out the oversupplied magnesia market in the region. Additionally, pandemic-related terminations of mining exercises and lower interest from downstream areas in the initial few long periods of 2020 brought about decreased steel creation, a critical purchaser of dead-consumed magnesia.

Besides, air pollution controls were forced in significant steel-delivering territories in China, which further diminished the utilization of DBM. Liaoning Province, a vital wellspring of Chinese magnesite, embraced a six-month prohibition on the utilization of explosives which started on July 1 2020. New open pit mines were likewise restricted. Trade costs for dead-consumed magnesia from China diminished significantly, which was essentially made by a decrease sought after due to the effect of the pandemic.

Recent Developments

  • Jan 2021- Ereğli Demir ve Çelik Fabrikaları T.A.Ş. (Erdemir), Turkey’s leading steel producer has acquired the Kumas Manyezit for USD 340 million.
  • Jan 2020 - Sibelco signed an agreement to sell QMAG Pty Ltd to the German-based Refratecknik Group.
  • May 2021 - Akdeniz Mineral Kaynaklari A.S. (AMK), a subsidiary of Grecian Magnesite, opened a new 4,000 square meter warehouse at its Kumbet facilities in Eskişehir, Turkey.
  • April 2018 - Grecian Magnesite sold 40% interest in Spanish producer Magnesitas Navarra's S.A. of the JV partner Timab Magnesium.

Top Key Players

Dead Burned Magnesia Market Share of Key Players

RHI Magenista N.V, Magnezit Group, SMZ Jelsava, Martin Marreitta Magnesia Specialities LLC, Kumas Magnesite, Gracian Magnesite, among others.

Frequently Asked Questions (FAQs)

What is the estimated growth rate (CAGR) of the Dead Burned Magnesia Market?
Dead Burned Magnesia Market size will grow at approx. CAGR of 4.4% during the forecast period.
Some of the top prominent players in Dead Burned Magnesia Market are, RHI Magenista N.V, Magnezit Group, SMZ Jelsava, Martin Marreitta Magnesia Specialities LLC, Kumas Magnesite, Gracian Magnesite, among others., etc.
North America has held a dominant position in the Dead Burned Magnesia Market, with the largest market share.
The Europe region is projected to exhibit the highest rate of growth in the Dead Burned Magnesia Market.
The global Dead Burned Magnesia Market report is segmented as follows: By Product Type, By End-Use

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