Refractory magnesia is also known as DBM (Dead Burned Magnesia). It is made by heating magnesium hydroxide and has numerous industrial and agricultural applications. It possesses the highest melting point and is a common regulation material for high-temperature processes in the steel industry. Refractory materials are non-metallic compounds that are extremely heat resistant and are utilized as linings in furnaces, kilns, and reactors. The steel industry, for example, is the largest user of refractory magnesia. Magnesia is used in agricultural applications to improve plant and livestock health. Magnesium is a mineral that is required for both. Magnesium is required by plants for photosynthesis. Magnesium is necessary for animals to avoid hypo magnesia, often known as grass tetany, a life-threatening illness. DBM has a variety of refractory uses in the production of fundamental monolithic refractory goods such as tundish working linings, gunning repair products, and precast shapes. DBM has a variety of refractory uses in the production of fundamental monolithic refractory goods such as tundish working linings, gunning repair products, and precast shapes. The global market was influenced by lockdowns, mining restrictions, and a slowdown in steel production, to name a few factors. The developed nation incurred considerable losses as a result of a downturn in the steel and construction industries.
The Europe Dead Burned Magnesia Market size is anticipated to reach USD 813.45 million by 2030, growing at a CAGR of 3.95% from 2022 to 2030.
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends|
The Europe Dead Burned Magnesia Market is anticipated to reach USD 813.45 million by 2030, growing at a CAGR of 3.95% from 2022 to 2030. Auxiliary steel is produced using a DBM-based electric curve heater, which is a significant component in the expansion of the local market. In 2020, the European market had the second-largest share of 20.59%, with a value of USD 533,748.1 thousand.
In France, DBM (dead burned magnesia) accounts for the majority of manufactured magnesia intermediate products. Magnesia is widely utilized in the glass sector in France as a refractory liner in melting furnaces and regenerator chambers due to its thermal and pyrochemical resilience, which has boosted the market growth in the country.
Germany's agricultural sector is one of the European Union's top four producers. Around 50% of farmland is grassland and arable land that is used for feeding purposes in order to feed the more than 200 million farm animals. Germany's farm industry is likely to expand in the next years, resulting in increased demand for DBM over the forecasted period.
In Italy, Dead Burned Magnesia is significantly used in the cement industry. Sorel cement is a strong binder made from DBR and magnesium oxychloride. It hardens quickly and can be used for a variety of applications, including industrial floors and general repairs. Magnesia is also utilized as a phosphate cement curing ingredient at room temperature, and this drives the market toward growth in the region.
The Europe Dead Burned Magnesia Market is divided into four product types: 90%, 90%–92%, 92–95%, and more than 95%. With a robust CAGR of 3.74%, the 90–92% sector will account for a major portion of the market, accounting for 16.5% in 2020. It is expected to reach USD 623,901.6 thousand at the end of the figure period. The remaining 90–92% is dead consumed magnesia, which contains between 90 and 92% MgO. In 90%–92% of cases, DBM is sintered straight from crude magnesite defects.
According to esteem, steel accounted for 60.72% of the pie and is predicted to rise at a respectable CAGR of 4.42% during the forecast period. DBM is noted for its heat resistance and hardness, and it has a wide range of applications in the steel industry as a result. It's also a good answer for the environment, so it's in high demand.
Steel is known for its strength and corrosion resistance. It's used in a variety of industries, including construction, shipbuilding, and others. The rise in popularity of DBM-based refractories is mostly related to the expansion of the steel industry. In addition, the switch to optional steel, which employs an electric heater to liquefy the salvaged material, places DBM in the heater lining business, illustrating the company's expansion.