Global Magnesium Oxide Market Size, Share, Forecast 2023 – 2033
The Global Magnesium Oxide Market size was valued at USD 5.2 billion in 2023 and is projected to reach USD 8.6 billion by 2033, growing at a CAGR of 5.16% from 2023 to 2033. Applications in construction, agriculture, and manufacturing drive the magnesium oxide market. The major drivers are the demand for fire-resistant materials, sustainable agricultural solutions, and industrial use in steel production. Rising environmental awareness helps in adopting magnesium oxide.