Magnesium oxide
The industry
The global magnesium oxide (MgO) industry is a growing sector, fueled by increasing demand in various fields, such as metallurgy, refractory material manufacturing, chemical industry, nanomaterials, plastics pharmaceuticals.
Indeed, demand for eco-friendly MgO is growing rapidly due to increasingly stringent environmental regulations in many markets, where CO2 capture technologies, and demand for eco-friendly materials is paramount.
Global Market Size:
- In 2023, the global MgO market size was estimated at USD 8-10 billion.
- The market is expected to grow, with average annual growth rate of approximately 4-6% between 2023 and 2030.
Mineral of the future
MgO has been identified as a mineral of the future. Critical and strategic minerals play a key role in the world's energy and technological transition. These resources, often rare and difficult to extract, are essential to the manufacture of many cutting-edge technologies. In the future, their importance will only increase, as demand for environmentally friendly and sustainable solutions grows. At ECO₂ Magnesia, we are committed to promoting the responsible and sustainable management and production of these minerals, with a focus on mineral processing with a low carbon footprint. Contributing to the supply of critical minerals, while preserving the ecosystems from which they originate, is essential to support innovation and build a greener, more sustainable future.
