Industry Background:
Magnesium Oxide Nanopowder is a non-toxic, fine white powder made up of magnesium oxide particles ranging from 10 to 30nm in diameter. This oxide nanomaterial is used across a wide array of industries owing to its unique refractory, insulator, and thermal properties. Moreover, these magnesium oxide particles are available in ultra-high purity and high purity and coated and dispersed forms.This growth is primarily driven by Growing Demand for the application in end-use industry such as Oil & Gas, Metals & Mining, and Electronics owing to their unique physical and chemical properties such as higher damping property, mechanical stability, and high strength with good thermal conductivity..
Globally, a noticeable market trend is evident Rising Adoption of Nanoparticles as a Flame Retardant. Major Vendors, such as American International Chemical LLC (United States), Inframat Advanced Materials, LLC (United States), American Elements (United States), Nanoshel LLC (United States), US Research Nanomaterials, Inc. (United States), Martin Marietta Magnesia Specialties Inc. (United States), Strem Chemicals, Inc. (United States), Nanostructured & Amorphous Materials Inc. (United States), Skyspring Nanomaterials Inc. (United States) and Nanografi Nano Technology (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Growing Demand for the application in end-use industry such as Oil & Gas, Metals & Mining, and Electronics owing to their unique physical and chemical properties such as higher damping property, mechanical stability, and high strength with good thermal conductivity.
Market Trend
- Rising Adoption of Nanoparticles as a Flame Retardant
Restraints
- High Production Cost of Magnesium Oxide Nanopowder
Opportunities
Increasing Interest for Scientific Research Due To Their Applications in the Field of Optical Electronics, Sensing Devices, and Nano Electronics and Growing Research & Development Activities for the Synthesis of Both Nanoparticles and Nano composite of MgO due to their Application in Advanced Technologies
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