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Global Magnesium Oxide Board Market Size Study & Forecast, by Product Type (Thin (<8 mm), Medium (8-15 mm), Thick (>15 mm)), By Application (Residential, Commercial, Industrial), and Regional Analysis, 2023-2030

September 2023 | 200 pages | ID: G4D21B3BE090EN
Bizwit Research & Consulting LLP

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Global Magnesium Oxide Board Market is valued at approximately USD 1,557.3 million in 2022 and is anticipated to grow with a healthy growth rate of more than 5.4% over the forecast period 2023-2030. Magnesium Oxide Board (MgO board), also referred to as magnesium cement board or simply MgO board, is a highly advanced building material that finds suitable applications in construction and interior applications. It is made from an arrangement of magnesium oxide (MgO) and other additives. It delivers improved performance as compared to conventional materials, such as wood, gypsum, and cement-based products. MgO boards have gained wide popularity in the construction industry, due to their fire resistance, moisture resistance, durability, and other favorable properties. Hence, these boards are used in a range of construction applications, including walls and ceilings, backer boards, fascias and soffits, roofs, and siding. Growing demand for sustainable and eco-friendly construction materials, and increasing need for fire-resistant materials are a few factors that propel the expansion of the Magnesium Oxide Board Market across the globe.

The Magnesium Oxide Board Market is expanding because of factors such as the increasing demand for high-performance materials, coupled with the rise in popularity of green building practices. In addition, the growing residential and commercial building construction is acting as a major driving factor for market growth around the world. MgO board's unique properties and versatility make it suitable for various construction applications, especially in structural insulated panels (SIPs), fire-rated assemblies, partition walls, flooring, exterior cladding, and interior wall panels, among others. In December 2020, WorldGBC launched the BuildingLife project in order to implement the EU Green Deal by addressing the whole-life environmental impacts of the building industry. This project jointly created ten European Green Building Councils (GBCs). Through the creation of ten national roadmaps and an EU policy roadmap, the built environment is likely to be decarbonized throughout its entire lifecycle. Furthermore, MgO boards are also lightweight and recyclable, making them a sustainable option for construction. According to Statista, in 2021, the global construction market was estimated to be worth around USD 7.3 trillion, which is projected to grow and reach to nearly USD 14.4 trillion by 2030. Thus, these aforementioned factors are propelling the growth of the Magnesium Oxide Board Market during the estimated period. Moreover, the rise in government regulation for fire safety and increasing trend of prefabricated and modular construction methods present various lucrative opportunities over the forecasting years. However, the high moisture environment affects the durability of MgO boards, along with increased competition from traditional materials are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Magnesium Oxide Board Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia-Pacific dominated the market in 2022, owing to the robust growth in construction and infrastructure activities, rising emphasis on fire safety regulations, and increasing number of retrofitting and renovation projects. Whereas, Asia Pacific is also expected to grow at the highest CAGR over the forecasting years. Increasing focus on sustainable construction practices, along with growing investments in research and development to develop new products and applications for MgO boards are significantly propelling the market demand across the region.

Major market players included in this report are:

Magnum Board Products, LLC. (U.S.)

Ambient Bamboo Products Inc. (U.S.)

GemtreeBoard (China)

KUNSHAN ROCKMAX BUILDING MATERIAL CO., LTD (China)

Suparna Building Materials (China)

Ukrmagnesit (Ukraine)

RPV Industries (India)

North American MgO LLC (U.S.)

Foreverboard California, Inc. (U.S.)

MgOBoards Factory (Saudi Arabia)

Recent Developments in the Market:
  • NA
Global Magnesium Oxide Board Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Product Type, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:

Thin (>8 mm)

Medium (8-15 mm)

Thick (>15 mm)

By Application:

Residential

Commercial

Industrial

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
  1.2.1. Magnesium Oxide Board Market, by Region, 2020-2030 (USD Million)
  1.2.2. Magnesium Oxide Board Market, by Product Type, 2020-2030 (USD Million)
  1.2.3. Magnesium Oxide Board Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL MAGNESIUM OXIDE BOARD MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL MAGNESIUM OXIDE BOARD MARKET DYNAMICS

3.1. Magnesium Oxide Board Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing popularity of green building practices
    3.1.1.2. Rising residential and commercial building construction
  3.1.2. Market Challenges
    3.1.2.1. High moisture environment affects the durability of MgO boards
    3.1.2.2. Increased competition from traditional materials
  3.1.3. Market Opportunities
    3.1.3.1. Surge in government regulation for fire safety
    3.1.3.2. Increasing trend of prefabricated and modular construction methods

CHAPTER 4. GLOBAL MAGNESIUM OXIDE BOARD MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL MAGNESIUM OXIDE BOARD MARKET, BY PRODUCT TYPE

5.1. Market Snapshot
5.2. Global Magnesium Oxide Board Market by Product Type, Performance - Potential Analysis
5.3. Global Magnesium Oxide Board Market Estimates & Forecasts by Product Type 2020-2030 (USD Million)
5.4. Magnesium Oxide Board Market, Sub Segment Analysis
  5.4.1. Thin (<8 mm)
  5.4.2. Medium (8-15 mm)
  5.4.3. Thick (>15 mm)

CHAPTER 6. GLOBAL MAGNESIUM OXIDE BOARD MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Magnesium Oxide Board Market by Application, Performance - Potential Analysis
6.3. Global Magnesium Oxide Board Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Magnesium Oxide Board Market, Sub Segment Analysis
  6.4.1. Residential
  6.4.2. Commercial
  6.4.3. Industrial

CHAPTER 7. GLOBAL MAGNESIUM OXIDE BOARD MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Magnesium Oxide Board Market, Regional Market Snapshot
7.4. North America Magnesium Oxide Board Market
  7.4.1. U.S. Magnesium Oxide Board Market
    7.4.1.1. Product Type breakdown estimates & forecasts, 2020-2030
    7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Magnesium Oxide Board Market
7.5. Europe Magnesium Oxide Board Market Snapshot
  7.5.1. U.K. Magnesium Oxide Board Market
  7.5.2. Germany Magnesium Oxide Board Market
  7.5.3. France Magnesium Oxide Board Market
  7.5.4. Spain Magnesium Oxide Board Market
  7.5.5. Italy Magnesium Oxide Board Market
  7.5.6. Rest of Europe Magnesium Oxide Board Market
7.6. Asia-Pacific Magnesium Oxide Board Market Snapshot
  7.6.1. China Magnesium Oxide Board Market
  7.6.2. India Magnesium Oxide Board Market
  7.6.3. Japan Magnesium Oxide Board Market
  7.6.4. Australia Magnesium Oxide Board Market
  7.6.5. South Korea Magnesium Oxide Board Market
  7.6.6. Rest of Asia Pacific Magnesium Oxide Board Market
7.7. Latin America Magnesium Oxide Board Market Snapshot
  7.7.1. Brazil Magnesium Oxide Board Market
  7.7.2. Mexico Magnesium Oxide Board Market
7.8. Middle East & Africa Magnesium Oxide Board Market
  7.8.1. Saudi Arabia Magnesium Oxide Board Market
  7.8.2. South Africa Magnesium Oxide Board Market
  7.8.3. Rest of Middle East & Africa Magnesium Oxide Board Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Magnum Board Products, LLC. (U.S.)
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. Ambient Bamboo Products Inc. (U.S.)
  8.3.3. GemtreeBoard (China)
  8.3.4. KUNSHAN ROCKMAX BUILDING MATERIAL CO.,LTD (China)
  8.3.5. Suparna Building Materials (China)
  8.3.6. Ukrmagnesit (Ukraine)
  8.3.7. RPV Industries (India)
  8.3.8. North American MgO LLC (U.S.)
  8.3.9. Foreverboard California, Inc. (U.S.)
  8.3.10. MgOBoards Factory (Saudi Arabia)

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
LIST OF TABLES

TABLE 1. Global Magnesium Oxide Board Market, report scope
TABLE 2. Global Magnesium Oxide Board Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global Magnesium Oxide Board Market estimates & forecasts by Product Type 2020-2030 (USD Million)
TABLE 4. Global Magnesium Oxide Board Market estimates & forecasts by Application 2020-2030 (USD Million)
TABLE 5. Global Magnesium Oxide Board Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 6. Global Magnesium Oxide Board Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 7. Global Magnesium Oxide Board Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8. Global Magnesium Oxide Board Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9. Global Magnesium Oxide Board Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global Magnesium Oxide Board Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global Magnesium Oxide Board Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global Magnesium Oxide Board Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global Magnesium Oxide Board Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global Magnesium Oxide Board Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. U.S. Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. U.S. Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 17. U.S. Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 18. Canada Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 19. Canada Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 20. Canada Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21. UK Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 22. UK Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 23. UK Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24. Germany Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 25. Germany Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 26. Germany Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27. France Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 28. France Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 29. France Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30. Italy Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 31. Italy Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 32. Italy Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33. Spain Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 34. Spain Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 35. Spain Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36. RoE Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 37. RoE Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 38. RoE Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39. China Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 40. China Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 41. China Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42. India Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 43. India Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 44. India Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45. Japan Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 46. Japan Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 47. Japan Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48. South Korea Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 49. South Korea Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 50. South Korea Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51. Australia Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 52. Australia Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 53. Australia Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54. RoAPAC Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 55. RoAPAC Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 56. RoAPAC Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57. Brazil Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 58. Brazil Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 59. Brazil Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60. Mexico Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 61. Mexico Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 62. Mexico Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63. RoLA Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 64. RoLA Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 65. RoLA Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66. Saudi Arabia Magnesium Oxide Board Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 67. South Africa Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 68. RoMEA Magnesium Oxide Board Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69. List of secondary sources, used in the study of global Magnesium Oxide Board Market
TABLE 70. List of primary sources, used in the study of global Magnesium Oxide Board Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES

FIG 1. Global Magnesium Oxide Board Market, research methodology
FIG 2. Global Magnesium Oxide Board Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Magnesium Oxide Board Market, key trends 2022
FIG 5. Global Magnesium Oxide Board Market, growth prospects 2023-2030
FIG 6. Global Magnesium Oxide Board Market, porters 5 force model
FIG 7. Global Magnesium Oxide Board Market, pest analysis
FIG 8. Global Magnesium Oxide Board Market, value chain analysis
FIG 9. Global Magnesium Oxide Board Market by segment, 2020 & 2030 (USD Million)
FIG 10. Global Magnesium Oxide Board Market by segment, 2020 & 2030 (USD Million)
FIG 11. Global Magnesium Oxide Board Market by segment, 2020 & 2030 (USD Million)
FIG 12. Global Magnesium Oxide Board Market by segment, 2020 & 2030 (USD Million)
FIG 13. Global Magnesium Oxide Board Market by segment, 2020 & 2030 (USD Million)
FIG 14. Global Magnesium Oxide Board Market, regional snapshot 2020 & 2030
FIG 15. North America Magnesium Oxide Board Market 2020 & 2030 (USD Million)
FIG 16. Europe Magnesium Oxide Board Market 2020 & 2030 (USD Million)
FIG 17. Asia pacific Magnesium Oxide Board Market 2020 & 2030 (USD Million)
FIG 18. Latin America Magnesium Oxide Board Market 2020 & 2030 (USD Million)
FIG 19. Middle East & Africa Magnesium Oxide Board Market 2020 & 2030 (USD Million)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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