Caustic Calcined Magnesite Market Size

Caustic Calcined Magnesite Market size was valued at USD 20.92 Billion in 2023 and is anticipated to cross USD 73.08 Billion by the end of 2036, registering more than 10.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of caustic calcined magnesite is estimated at USD 22.82 Billion. The growth of the market can be attributed to the rising need for soil decontamination and water treatment and waste neutralization across the globe is projected to offer abundant opportunities for market growth. Caustic calcined magnesite is used in water treatment for odor control, sewerage network protection, and others. According to the United Nations organization, 56% of the household wastewater flows in the world were safely treated in 2020. Also, 80% of wastewater flows back into the ecosystem without being treated or reused.

In addition to these, global caustic calcined magnesite markets trends such as rising demand for the product from agricultural and construction industries to make compounds with high magnesium concentrations, such as cattle and feed additives baked by the increment in the livestock population and magnesia cement are anticipated to influence the growth of the market positively over the forecast period. For instance, in 2020, the goat population reached approximately 20 million Heads in Indonesia alone. Along with this, growing demand for caustic calcined magnesite in environmental applications, including the production of magnesite balls is also expected to drive market growth in the forthcoming years.