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Magnesium oxide will grow steadily

 Last Update: 2021-08-05
 Source: Internet
 Author: User

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According to a recent research report by Future Market Insights (FMI), the global magnesium oxide market will grow steadily in the next 10 years, and the compound annual growth rate will reach 5% by 2031
.

FMI said that the surge in government investment in agriculture and industry will boost the global magnesium oxide market
.

The rising demand for magnesium oxide in the development of refractory linings in the steel industry will have a positive impact on market growth

An analyst at FMI said: "MgO's high acid neutralization capacity makes it a substitute for lime in waste treatment facilities, thereby increasing the market demand for MgO
.

It is reported that the United States is the main market for magnesium oxide in North America
.

Growth in the United States will be driven by the increasing adoption of magnesium oxide in biomedical applications, as well as the rapid development of manufacturing and industrial infrastructure

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