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LAMEA Dead Burned Magnesia Market

LAMEA Dead Burned Magnesia Market Size is Expected to Reach USD 104.63 Million With a CAGR of 3.2% by 2030

Published On : 10 Nov, 2022
Updated On : 25 Nov, 2022
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Market Snapshot

Base Year:
2021
Study Period:
2020-2030
CAGR:
3.2 %

Refractory magnesia is abbreviated 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. Because of their high heat resistance, refractory materials are employed as linings in furnaces, kilns, and reactors. The steel industry, for example, is the largest user of refractory magnesia. Magnesia is used in agriculture to help plants and livestock thrive. Magnesium is a mineral that is important for both. Magnesium is required for photosynthesis in plants. Magnesium is necessary for animals to avoid hypo magnesia, often known as grass tetany, which can be fatal. DBM is used to create a variety of monolithic refractory products, including tundish working linings, gunning repair items, and precast shapes. DBM is used to create a variety of monolithic refractory products, including tundish working linings, gunning repair items, and precast shapes. The global market was impacted by lockdowns, mining restrictions, and a slowdown in steel production, to name a few factors. In the industrialized world, a downturn in the steel and building industries resulted in considerable losses.

The LAMEA Dead Burned Magnesia Market is anticipated to grow at a CAGR of 3.20% between 2022 and 2030, reaching USD 104.63 million. Also, for Middle East and Africa Dead Burned Magnesia Market is anticipated to grow at a CAGR of 3.45% between 2022 and 2030, reaching USD 131.63 million.

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Market Overview

Key Market Drivers

  • Widespread application in the manufacture of refractory materials: 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 majority of magnesium compounds are used in the refractory industry. Refractory materials are non-metallic materials that are used as linings in kilns, furnaces, and reactors because of their increased heat resistance. As demand for refractory materials develops, demand for Dead Burned Magnesia is projected to rise in the LAMEA Region.
  • Expansion of Steel Industry: According to World steel data, Middle East crude steel production climbed by 11.80% in 2019 to 32.45 million tonnes, up from 29.03 million tonnes in 2020. The steel industry in the Middle Gulf will continue to grow during the anticipated period, with the United Arab Emirates (UAE), Iran, Saudi Arabia, and Qatar accounting for the majority of the countries. As a result, demand for DBM is likely to increase throughout the region.

Market Restraints

  • Substitutes to Dead Burned Magnesia: The availability of Dead Burned Magnesia alternatives in refractory applications across end-use industries is predicted to limit the market growth. In refractory applications, alumina, chromite, and silica, for example, are used as magnesia substitutes. As a result, market growth in LAMEA is likely to be stifled by the usage of DBM alternatives over the forecast period.

Segment Overview

The LAMEA 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 widely 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.

Regional Overview

LAMEA Dead Burned Magnesia Market Regional Analysis

Regional Growth Insights Request Sample Pages

The LAMEA Dead Burned Magnesia Market is anticipated to grow at a CAGR of 3.20% between 2022 and 2030, reaching USD 104.63 million. Also, for Middle East and Africa Dead Burned Magnesia Market is anticipated to grow at a CAGR of 3.45% between 2022 and 2030, reaching USD 131.63 million.

Steel is used in a wide range of products, including buildings, tools, automobiles, and appliances, making steel consumption a key indicator of economic growth and success. The UAE's steel demand has made it one of the region's largest users. The area has spent billions of dollars on development projects, most of which are related to the World Expo 2020 in Dubai and the FIFA World Cup 2022 in Qatar. Steel consumption in the UAE is expected to expand at a moderate CAGR, implying that demand for DBM will also rise in the country.

South Africa has long been the automotive industry's leader in Africa, producing more than half a million automobiles of various varieties each year. While local truck and military vehicle development is underway, cars made under licence from foreign companies are the mainstay. South Africa's modern automotive sector began in 1995 and has since produced a huge number of exports. It has prompted multinational automakers to award production contracts to South African facilities, resulting in an increase in DBM demand in the region.

Due to Vision 2030, NTP 2020, and many current changes to diversify away from oil, the Saudi Arabian construction business is likely to rise significantly and offer profitable opportunities. In 2022 and beyond, the Saudi construction market is likely to be driven by Vision 2030, NTP 2020, increased private sector investment, and continuous reforms. It can be inference that the demand for these Dead Burned Magnesia would accelerate from the growing construction sector in the country.

Major Players

Some of the major players in the LAMEA Region (having significant market shares) are listed below:

  • Kumas Magnesite Works
  • Nedmag Industries.
  • Grecian Magnesite.
  • Baymag
  • Magnezit Group
  • Martin Marreitta Magnesia Specialities LLC

LAMEA Dead Burned Magnesia Market: Segmentation

By Product Type

  • Below 90%
  • 90–92%
  • 92%–95%
  • Above 95%

By End-Use

  • Steel
  • Cement
  • Non-ferrous metal
  • Glass
  • Others

By Regions

  • Brazil
  • Argentina
  • United Arab Emirates
  • Saudi Arabia
  • Qatar
  • South Africa
  • Nigeria
  • Kenya
  • Turkey
  • Rest of LAMEA
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