The reason that the magnesium oxide industry has been able to maintain strong growth is the desire, which people constantly want to improve their living standards in developing countries. According to the World Bank forecasting,the world population will rise from 6 billion to about 8 billion by 2030, and most of the growth from developing countries.
In the future, global GDP is expected to grow at an annual rate of about 3%, and global demand for polyolefin will increase by 5% to 6%.While the global financial, commodity and credit markets have been volatile and indeed the oxidation industry is in a very unique period, demand for oxidation products will remain strong in the long run.
At the same time, the economic development in Asia has also brought opportunities to many enterprises in Asia. with the increasing local demand for indigenous oxidation products, Reliance Industries and China national petroleum corporation boosted the position.The cheap oil and gas resources in the Middle East have enabled the rapid rise of Saudi basic industrial companies.
The global change give us a present opportunity,we know the use of Food Grade Magnesium Oxide,from reducing food spoilage to building insulation, lightweight and efficient vehicles.so,In the long run,with the improvements of the economic environment, it will drive the growth of energy and its use.This growth of economic will bring huge opportunities to penetrate the market for products ,such as cars, packaging, construction, health and personal care.