Worldwide Consumption of Dead Burned Magnesia Expected to Increase
May 26, 2005 -- Research and Markets (http://www.researchandmarkets.com/reports/c18027) has announced the addition of The Economics of Magnesium Compounds & Chemicals to their offering.
The world refractory magnesia market continues to be in a state of over supply but has been moving back closer to balance for a number of years as companies in Italy, the UK and the USA exit from the market. The majority of global magnesia is located in China, North Korea and Russia, accounting for around 75% of global dead burned magnesia capacity based on magnesite. In developed economies such as Japan, the USA and Western Europe, total capacity for production of magnesia is just 0.7Mtpy out of a world total of around 10Mtpy. World consumption of magnesium compounds is dominated by the refractories industry, which accounts for around 70-80% of global usage.
Magnesite and magnesia producers have experienced very little growth in this market for many years as advances in refractory technology continue to design out their products. However, over the next few years worldwide consumption of dead burned magnesia is expected to increase slightly in response to strong growth in the Chinese steel and non-ferrous metals industries.
This report forecasts that overall consumption of dead burned magnesia, caustic calcined magnesia and fused magnesia will rise to around 8Mtpy in 2008, compared to 7.6Mt in 2005. While a significant increase, this rise would only take consumption back to 2001 levels and will be highly dependant on a sustained price rise in Chinese consumption of dead burned magnesia in refractories.
'The Economics of Magnesium Compounds & Chemicals' analyses the key trends, issues and developments in the market. It provides a clear insight into all areas of the industry and an authoritative analysis of the prospects for the future.
Companies mentioned include:
- Causmag International
- Queensland Magnesia (QMAG)
- Onesteel Limited
- Unimin Australia
- Indcor Limited
- Magnesium International Limited (MIL)
- Magnifin Magnesiaprodukte GmbH & Company KG- RHI AG
- Styromagnesit Steirische Magnesitindustrie GmbH
- Carmeuse Group
- Lhoist Group
- Magnesita SA 49
- Atlantic Minerals Limited (AML)
- Baymag
- Carmeuse North America
- Hedman Resources Limited
- China Metallurgical Import & Export Liaoning Magnesite Company
- China Haicheng City Pin Yang Talc Mining Company Limited
- Dalian Fanglin Refractories Company Limited
- Dashiqiao City New Type Refractories Company Limited
For more information visit http://www.researchandmarkets.com/reports/c18027
Laura Wood
Senior Manager
Research and Markets
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