Magnesium Peroxide Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2018 - 2026


#6236

Transparency Market Research

$ 5795

Magnesium Peroxide Market: Overview

Magnesium peroxide (MgO2) is an off-white colored, odorless fine powder. Magnesium peroxide is similar to calcium peroxide, as it too releases oxygen by breaking down at controlled rate when in contact with water. Commercially, magnesium peroxide exists as a compound of magnesium hydroxide and magnesium peroxide.

Commercial production of magnesium peroxide involves mixing of hydrogen peroxide with a light grade of magnesium oxide. The slurry of this mixture is then dried. The final product of the reaction is a white powder which contains around 25% magnesium peroxide and 7% active oxygen. The remaining components are magnesium hydroxide, magnesium carbonate, and magnesium oxide.

Industrially, magnesium peroxide can be produced by reacting magnesium oxide with hydrogen peroxide to generate magnesium peroxide and water. The final product synthesized through this process contains magnesium peroxide with no more than 50% of the composition. One other industrial production process involving magnesium hydroxide can generate a yield that contains upto 60% of magnesium peroxide in the final product.

Magnesium peroxide is not a naturally occurring compound. It is also not known for its persistence in the environment for extended time period, as a bio-accumulate or in its complete state.

Magnesium Peroxide Market: Key Segments

Based on application, the magnesium peroxide market can be segmented into chemical, agriculture, bleaching, wastewater treatment, and others. Magnesium peroxide is used as source of oxygen. Magnesium peroxide slowly decomposes and releases oxygen when it reacts with water. This function as an oxygen source is utilized in industries such as agriculture. Magnesium peroxide is also used for sanitation purposes, as a source of oxygen, for aerobic organisms in the treatment and disposal of biological waste. Magnesium peroxide is added to the compost piles or soil to boost the microbial activities to reduce odors produced in the process, as decomposition of hydrocarbons in soil is faster in aerobic conditions.

Magnesium Peroxide Market: Drivers & Restrains

It is also used as soil bioremediation to decontaminate the soil. It improves metabolism and soil quality to help plants grow. Use of magnesium peroxide as a decontaminant also reduces contaminants in groundwater. This function is utilized in industries such as agriculture and aquaculture.

Magnesium peroxide is also used in hydraulic fluids that are used in the extraction process of shale gas. It is used as a destruction agent for polymers utilized in the extraction process as it generates magnesium hydroxide. Magnesium hydroxide is a naturally occurring compound in soil.

Magnesium Peroxide Market: Regional Outlook

Based on geographies, the magnesium peroxide market can be divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. China, Russia, and Turkey are key producers of magnesium peroxide. Asia Pacific dominated the global magnesium peroxide market in 2017. China continues to dominate the magnesium peroxide market as the leading producer and global exporter of magnesium peroxide. Following Asia Pacific, Europe is one of the key regions of the magnesium peroxide market, with major demand in the region coming from Western Europe and CIS countries. Demand from Latin America is expected to lesser than that from Middle East & Africa.

As magnesium oxide is a key element in the production of magnesium peroxide, the consumption patterns of magnesium oxide across the globe plays an important role in determining the overall magnesium peroxide marke. Large mineral deposits of magnesite are located in China, North Korea, and Russia. China was a leading producer of magnesium oxide from natural magnesite. It accounted for around 64% of the total production magnesium oxide in 2016. Abundant presence of magnesite deposits in China resulted in high domestic production of magnesium compounds in the country originating from this natural ore.

Magnesium Peroxide Market: Key Players

Key players operating in the magnesium peroxide market include Solvay, Arkema Group, and Evonik.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.