Global Magnesium Oxide Nanopowder Market is Expected to Reach USD 31.2 Million in 2018: Transparency Market Research

Global Magnesium Oxide Nanopowder Market is Expected to Reach USD 31.2 Million in 2018: Transparency Market Research PR Newswire ALBANY, New York, December 17, 2012 ALBANY, New York, December 17, 2012 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Magnesium Oxide Nanopowder Market- Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2012 - 2018," the global magnesium oxide nanopowder demand was worth USD 18.3 million in 2011 and is expected to reach USD 31.2 million in 2018, growing at a CAGR of about 8.7% from 2013 to 2018. Asia-Pacific dominates the global market in terms of demand and is expected to be the most promising market in the near future. Browse the full report at h t t p : / / w w w . t r a n s p a r e n c y m a r k e t r e s e a r c h . c o m / m a g n e s i u m - o x i d e - n a n o p o w d e r . h t m l The global demand for magnesium oxide nanopowder has been surging owing to its application in furnace linings, construction & ceramics and precision industries such as aerospace, advanced electronics and others. Volatility in market prices, higher cost of raw material and health issues are major concerns for the magnesium oxide nanopowder industry. The magnesium oxide nanopowder market by application in terms of revenue is dominated by the refractory material in the furnace linings segment.