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The Strong Market of Food Grade Magnesium Oxide

Author: Allen Hu
by Allen Hu
Posted: Apr 25, 2017

The magnesium oxide industry remains a sustainable and strong growth. There is another cause of it: the people, who live in developing country, desires to rise standard of living constantly. According to a World Bank forecast that the global population will increase to eight billions from the present six billions. Among the population, most of the growth will come from the developing countries. At the same time, it predicts that the size of global economy will double, and achieve to about 70 trillion dollars. In the long run, not only in the global but also in every region, the demand growth of polyolefin is related to the growth of GDP. These polyolefin include polyethylene, polypropylene and others. The demand increase rate of polyolefin is 2 or 3 percentage points higher than the growth of GDP. That is to say, under circumstance of expectation, the global GDP will grow at the speed of 3% each year, and the demand growth for polyolefin from the world will be in 5% or 6%. Although it appears fluctuate sharply in global financial field, staple commodity market and lending market, the magnesium oxide industry is also in an unique time. However, in a long term, the demand of magnesium oxide product be still strong.

At the same time, the development of Asian economies brings opportunities to the enterprises which located in Asia, for example, depending on the growth demand of magnesium oxide products, the Reliance Industries and China National Petroleum promote the position. In the Middle East, the basic industries enterprise rises rapidly depends on the cheap oil and gas resources. We can see an opportunity from this kind of global and great change. The functions of food grade magnesium oxide is various and continuously developing: from reduce the risk of food deterioration to the heat preservation in building, lightweight and high efficiency of automobile. Therefore, in a long run, the improvement of economic environment will push the ever-increasing energy sources and applications, especially the progress of developing countries. This economic gain will bring enormous opportunities, and spills over into the terminal product market, such as the automobile, packaging, building, health, personal care, etc.

About the Author

Hebei Meishen Technology Co., Ltd is the professional magnesium oxide supplier and manufacturer.

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Author: Allen Hu

Allen Hu

Member since: Feb 26, 2017
Published articles: 137

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