Production and utilization of magnesium oxide in the Russian Federation

Abstract

This article presents up-to-date, complementary information from the marketing reviews of the industry for the production and use of magnesium oxide conducted by global analytical companies. It shows a steady growth in the global demand for MgO, observed over the past decade and driven not only by the traditional industries, but also by emerging innovative areas. Global trends indicate an increase in the production of magnesium oxide and the development of new technologies for its extraction. This area provides an opportunity to improve the product quality, increase production efficiency and expand market opportunities due to the active development of high-tech sectors of the economy. Based on marketing analyses, growing competition is revealed both in the global magnesium oxide market in general and in the Russian Federation in particular, which encourages manufacturers to develop innovative products and marketing strategies to retain and expand their share in the market. At the same time, a potential instability has been identified in the magnesia industry, manifested in some world leaders, due to the new environmental requirements that cause restrictions in production, which may lead to problems in supplies around the world.