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report thumbnailU.S. Magnesium Oxide Board Market

U.S. Magnesium Oxide Board Market Analysis 2024 and Forecasts 2032: Unveiling Growth Opportunities

U.S. Magnesium Oxide Board Market by Type (Thin (<8 mm), by Application (Residential Building, Commercial Building, Industrial Building), by Forecast 2024-2032

Jun 28 2024
Base Year: 2023
180 Pages
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U.S. Magnesium Oxide Board Market Analysis 2024 and Forecasts 2032: Unveiling Growth Opportunities

Key Insights

The U.S. Magnesium Oxide Board Market size was valued at USD 235.5 USD Million in 2023 and is projected to reach USD 342.58 USD Million by 2032, exhibiting a CAGR of 5.5 % during the forecast period. Magnesium Oxide Board popularly referred to as MgO board, is an all-round construction material that is produced from magnesium oxide. There are standard kinds of LPG, LPG type that is fire safe and LPG that is water safe. These can be summed up as fire, mold, and mildew resistance, non-absorbent of any kind of moisture, dimensional stability, and strength. MgO boards are characterized by low weight and ease thus well suited for use in either exterior or interiors. Applications are wall and ceiling liners, floorings, and wall and ceiling sheathing for residential, commercial, and industrial construction purposes that have a green approach as compared to gypsum and cement boards. 

U.S. Magnesium Oxide Board Market Research Report - Market Size, Growth & Forecast

U.S. Magnesium Oxide Board Trends

  • Increasing adoption of sustainable and eco-friendly construction practices
  • Growing preference for prefabricated and modular construction methods
  • Integration of smart building technologies in commercial and residential projects

Driving Forces: What's Propelling the U.S. Magnesium Oxide Board Market

  • Rising Construction Activities: Increasing investments in residential and commercial construction projects are fueling the demand for building materials, including magnesium oxide boards.
  • Government Regulations: Stringent building codes and fire safety regulations in the U.S. necessitate the use of fire-resistant and durable building materials, creating opportunities for magnesium oxide boards.
  • Technological Advancements: Innovations in manufacturing processes have led to improved quality, strength, and durability of magnesium oxide boards.

Challenges and Restraints in the U.S. Magnesium Oxide Board Market

  • Fluctuating Raw Material Prices: The availability and price volatility of raw materials, such as magnesium oxide, can impact the cost of production and profitability of magnesium oxide board manufacturers.
  • Competition from Alternative Materials: Other lightweight and fire-resistant building materials, such as gypsum boards and fiber cement boards, offer competition to magnesium oxide boards.
  • Lack of Awareness: Limited awareness about the benefits and applications of magnesium oxide boards among architects, builders, and contractors can hinder market growth.

Emerging Trends in U.S. Magnesium Oxide Board

  • Bio-Based Magnesium Oxide Boards: Sustainable magnesium oxide boards made from renewable materials, such as plant fibers and bio-based binders, are gaining popularity.
  • Acoustical Properties: Magnesium oxide boards with enhanced acoustical properties are being developed to meet the increasing demand for soundproofing in commercial and residential buildings.
  • Smart Magnesium Oxide Boards: Integration of sensors and electronics into magnesium oxide boards enables real-time monitoring of building conditions and performance.

Growth Catalysts in the U.S. Magnesium Oxide Board Industry

U.S. Magnesium Oxide Board Market Growth

  • Government Incentives: Governments are providing incentives and tax credits for the use of energy-efficient and sustainable building materials, including magnesium oxide boards.
  • Environmental Concerns: Rising environmental awareness and stringent regulations on carbon emissions are driving the adoption of eco-friendly building materials like magnesium oxide boards.
  • Research and Development: Ongoing research and development efforts are focused on improving the performance and expanding the applications of magnesium oxide boards.

Market Segmentation: U.S. Magnesium Oxide Board Analysis

Type:

  • Thin
  • Thick

Application:

  • Interior Walls
  • Exterior Walls
  • Ceilings
  • Roofing
  • Flooring

Leading Players in the U.S. Magnesium Oxide Board Market

  • Magnum Board Products, LLC (U.S.)
  • Ambient Bamboo Products Inc. (U.S.)
  • North American MgO LLC (U.S.)
  • Foreverboard California, Inc. (U.S.)
  • Ambient Building Products Inc. (U.S.)
  • Huber Engineered Woods LLC (U.S.)
  • DragonBoard USA (U.S.)
  • James Hardie Building Products Inc. (Ireland)

Significant Developments in the U.S. Magnesium Oxide Board Sector

  • 2022: Huber Engineered Woods expands its magnesium oxide board production capacity with a new state-of-the-art facility.
  • 2021: DragonBoard USA introduces a new line of bio-based magnesium oxide boards made from sustainable materials.
  • 2020: North American MgO acquires Magnum Board Products, creating one of the largest magnesium oxide board manufacturers in North America.

Comprehensive Coverage U.S. Magnesium Oxide Board Market Report

This comprehensive report provides an in-depth analysis of the U.S. magnesium oxide board market, including:

  • Market size and forecasts
  • Key trends and drivers
  • Challenges and restraints
  • Emerging trends and growth catalysts
  • Market segmentation
  • Leading players and their strategies
  • Comprehensive SWOT analysis
  • Future outlook and market opportunities

Regional Insight

The regional analysis in this report provides insights into the market's performance and growth potential across key regions in the U.S., including the East Coast, West Coast, and Central U.S.

Consumer Side Analysis

This analysis focuses on understanding consumer behavior, preferences, and purchasing trends related to magnesium oxide boards.

Demand Side Analysis

The report examines the demand for magnesium oxide boards across various end-user industries, including construction, renovation, and remodeling.

Price Strategies

The report provides insights into the pricing strategies adopted by key players in the U.S. magnesium oxide board market and their impact on market dynamics.

U.S. Magnesium Oxide Board Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 5.5% from 2018-2032
Segmentation
    • By Type
      • Thin (<8 mm
    • By Application
      • Residential Building
      • Commercial Building
      • Industrial Building
  • By Geography

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Increasing Sustainable Construction Fuels Market Growth in the U.S.
      • 3.3. Market Restrains
        • 3.3.1. Lack of Product Awareness and Availability of Substitutes to Hinder Market Growth
      • 3.4. Market Trends
        • 3.4.1. Preference Shift for Magnesium Oxide Boards over Traditional Materials in the U.S. to be the Latest Trend
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. U.S. Magnesium Oxide Board Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Type
      • 5.1.1. Thin (<8 mm
    • 5.2. Market Analysis, Insights and Forecast - by Application
      • 5.2.1. Residential Building
      • 5.2.2. Commercial Building
      • 5.2.3. Industrial Building
    • 5.3. Market Analysis, Insights and Forecast - by Region
      • 5.3.1.
  6. 6. Northeast U.S. Magnesium Oxide Board Market Analysis, Insights and Forecast, 2018-2030
      • 6.1. Market Analysis, Insights and Forecast - By Type
        • 6.1.1. Thin (<8 mm)
      • 6.2. Market Analysis, Insights and Forecast - By Application
        • 6.2.1 Residential Building
        • 6.2.2 Commercial Building
        • 6.2.3 and Industrial Building
  7. 7. Southeast U.S. Magnesium Oxide Board Market Analysis, Insights and Forecast, 2018-2030
      • 7.1. Market Analysis, Insights and Forecast - By Type
        • 7.1.1. Thin (<8 mm)
      • 7.2. Market Analysis, Insights and Forecast - By Application
        • 7.2.1 Residential Building
        • 7.2.2 Commercial Building
        • 7.2.3 and Industrial Building
  8. 8. Midwest U.S. Magnesium Oxide Board Market Analysis, Insights and Forecast, 2018-2030
      • 8.1. Market Analysis, Insights and Forecast - By Type
        • 8.1.1. Thin (<8 mm)
      • 8.2. Market Analysis, Insights and Forecast - By Application
        • 8.2.1 Residential Building
        • 8.2.2 Commercial Building
        • 8.2.3 and Industrial Building
  9. 9. Southwest U.S. Magnesium Oxide Board Market Analysis, Insights and Forecast, 2018-2030
      • 9.1. Market Analysis, Insights and Forecast - By Type
        • 9.1.1. Thin (<8 mm)
      • 9.2. Market Analysis, Insights and Forecast - By Application
        • 9.2.1 Residential Building
        • 9.2.2 Commercial Building
        • 9.2.3 and Industrial Building
  10. 10. West U.S. Magnesium Oxide Board Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Type
        • 10.1.1. Thin (<8 mm)
      • 10.2. Market Analysis, Insights and Forecast - By Application
        • 10.2.1 Residential Building
        • 10.2.2 Commercial Building
        • 10.2.3 and Industrial Building
  11. 11. Competitive Analysis
    • 11.1. Market Share Analysis 2023
      • 11.2. Company Profiles
        • 11.2.1 Magnum Board Products LLC (U.S.)
          • 11.2.1.1. Overview
          • 11.2.1.2. Products
          • 11.2.1.3. SWOT Analysis
          • 11.2.1.4. Recent Developments
          • 11.2.1.5. Financials (Based on Availability)
        • 11.2.2 Ambient Bamboo Products Inc. (U.S.)
          • 11.2.2.1. Overview
          • 11.2.2.2. Products
          • 11.2.2.3. SWOT Analysis
          • 11.2.2.4. Recent Developments
          • 11.2.2.5. Financials (Based on Availability)
        • 11.2.3 North American MgO LLC (U.S.)
          • 11.2.3.1. Overview
          • 11.2.3.2. Products
          • 11.2.3.3. SWOT Analysis
          • 11.2.3.4. Recent Developments
          • 11.2.3.5. Financials (Based on Availability)
        • 11.2.4 Foreverboard California Inc. (U.S.)
          • 11.2.4.1. Overview
          • 11.2.4.2. Products
          • 11.2.4.3. SWOT Analysis
          • 11.2.4.4. Recent Developments
          • 11.2.4.5. Financials (Based on Availability)
        • 11.2.5 Ambient Building Products Inc. (U.S.)
          • 11.2.5.1. Overview
          • 11.2.5.2. Products
          • 11.2.5.3. SWOT Analysis
          • 11.2.5.4. Recent Developments
          • 11.2.5.5. Financials (Based on Availability)
        • 11.2.6 Huber Engineered Woods LLC (U.S.)
          • 11.2.6.1. Overview
          • 11.2.6.2. Products
          • 11.2.6.3. SWOT Analysis
          • 11.2.6.4. Recent Developments
          • 11.2.6.5. Financials (Based on Availability)
        • 11.2.7 DragonBoard USA (U.S.)
          • 11.2.7.1. Overview
          • 11.2.7.2. Products
          • 11.2.7.3. SWOT Analysis
          • 11.2.7.4. Recent Developments
          • 11.2.7.5. Financials (Based on Availability)
        • 11.2.8 James Hardie Building Products Inc. (Ireland)
          • 11.2.8.1. Overview
          • 11.2.8.2. Products
          • 11.2.8.3. SWOT Analysis
          • 11.2.8.4. Recent Developments
          • 11.2.8.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: U.S. Magnesium Oxide Board Market Revenue Breakdown (USD Million, %) by Product 2023 & 2031
  2. Figure 2: U.S. Magnesium Oxide Board Market Value Share (%), by Type 2023 & 2031
  3. Figure 3: U.S. Magnesium Oxide Board Market Value Share (%), by Application 2023 & 2031
  4. Figure 4: U.S. Magnesium Oxide Board Market Share (%) by Company 2023
List of Tables
  1. Table 1: U.S. Magnesium Oxide Board Market Revenue USD Million Forecast, by Type 2018 & 2031
  2. Table 2: U.S. Magnesium Oxide Board Market Volume K Tons Forecast, by Type 2018 & 2031
  3. Table 3: U.S. Magnesium Oxide Board Market Revenue USD Million Forecast, by Application 2018 & 2031
  4. Table 4: U.S. Magnesium Oxide Board Market Volume K Tons Forecast, by Application 2018 & 2031
  5. Table 5: U.S. Magnesium Oxide Board Market Revenue USD Million Forecast, by Region 2018 & 2031
  6. Table 6: U.S. Magnesium Oxide Board Market Volume K Tons Forecast, by Region 2018 & 2031
  7. Table 7: U.S. Magnesium Oxide Board Market Revenue USD Million Forecast, by Type 2018 & 2031
  8. Table 8: U.S. Magnesium Oxide Board Market Volume K Tons Forecast, by Type 2018 & 2031
  9. Table 9: U.S. Magnesium Oxide Board Market Revenue USD Million Forecast, by Application 2018 & 2031
  10. Table 10: U.S. Magnesium Oxide Board Market Volume K Tons Forecast, by Application 2018 & 2031
  11. Table 11: U.S. Magnesium Oxide Board Market Revenue USD Million Forecast, by Region 2018 & 2031
  12. Table 12: U.S. Magnesium Oxide Board Market Volume K Tons Forecast, by Region 2018 & 2031
  13. Table 13: U.S. Magnesium Oxide Board Market Revenue USD Million Forecast, by Type 2018 & 2031
  14. Table 14: U.S. Magnesium Oxide Board Market Volume K Tons Forecast, by Type 2018 & 2031
  15. Table 15: U.S. Magnesium Oxide Board Market Revenue USD Million Forecast, by Application 2018 & 2031
  16. Table 16: U.S. Magnesium Oxide Board Market Volume K Tons Forecast, by Application 2018 & 2031
  17. Table 17: U.S. Magnesium Oxide Board Market Revenue USD Million Forecast, by Country 2018 & 2031
  18. Table 18: U.S. Magnesium Oxide Board Market Volume K Tons Forecast, by Country 2018 & 2031
  19. Table 19: Northeast U.S. Magnesium Oxide Board Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  20. Table 20: Northeast U.S. Magnesium Oxide Board Market Volume (K Tons ) Forecast, by Application 2018 & 2031
  21. Table 21: Southeast U.S. Magnesium Oxide Board Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  22. Table 22: Southeast U.S. Magnesium Oxide Board Market Volume (K Tons ) Forecast, by Application 2018 & 2031
  23. Table 23: Midwest U.S. Magnesium Oxide Board Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  24. Table 24: Midwest U.S. Magnesium Oxide Board Market Volume (K Tons ) Forecast, by Application 2018 & 2031
  25. Table 25: Southwest U.S. Magnesium Oxide Board Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  26. Table 26: Southwest U.S. Magnesium Oxide Board Market Volume (K Tons ) Forecast, by Application 2018 & 2031
  27. Table 27: West U.S. Magnesium Oxide Board Market Revenue (USD Million) Forecast, by Application 2018 & 2031
  28. Table 28: West U.S. Magnesium Oxide Board Market Volume (K Tons ) Forecast, by Application 2018 & 2031
  29. Table 29: U.S. Magnesium Oxide Board Market Revenue USD Million Forecast, by Type 2018 & 2031
  30. Table 30: U.S. Magnesium Oxide Board Market Volume K Tons Forecast, by Type 2018 & 2031
  31. Table 31: U.S. Magnesium Oxide Board Market Revenue USD Million Forecast, by Application 2018 & 2031
  32. Table 32: U.S. Magnesium Oxide Board Market Volume K Tons Forecast, by Application 2018 & 2031
  33. Table 33: U.S. Magnesium Oxide Board Market Revenue USD Million Forecast, by Country 2018 & 2031
  34. Table 34: U.S. Magnesium Oxide Board Market Volume K Tons Forecast, by Country 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 5.5% from 2018-2032
Segmentation
    • By Type
      • Thin (<8 mm
    • By Application
      • Residential Building
      • Commercial Building
      • Industrial Building
  • By Geography

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

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  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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