Global Magnesium Diboride Market Growth 2019-2024
Magnesium Diboride (MgB2) is the binary compound with the highest critical temperature known so far (about 39K). This material was first synthesized and its structure confirmed in 1953, but its superconducting properties were not discovered until 2001.
Superconductivity is a wonderful phenomenon, but its today’s applications are still confined to MRI-NMR, R&D, current leads and ‘big physics’ 2G HTS material is expected to modify soon this scenario, but its complexity and limitation is currently delaying its positive effect on the industrial market of superconductivity. MgB2 is of particular interest because of its feature (low material cost, simple crystalline structure, ease of manufacture larger coherence length, lower anisotropy), which make MgB2 competitive with HTS. The MgB2 superconductor, therefore, has significant potential for industrial applications.
Superior technologies can be better meeting the needs of downstream markets and Promote tremendous price decline. In the near future, more and more manufacturers enter the magnesium diboride research and production team, driving magnesium diboride industry.
According to this study, over the next five years the Magnesium Diboride market will register a 16.1% CAGR in terms of revenue, the global market size will reach US$ 6970 million by 2024, from US$ 2840 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Magnesium Diboride business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Magnesium Diboride market by product type, application, key manufacturers and key regions and countries.
This study considers the Magnesium Diboride value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Superconducting thin films
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Superconducting thin films
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Stanford Advanced Materials
Shanghai Longjin Metallic
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Magnesium Diboride consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Magnesium Diboride market by identifying its various subsegments.
Focuses on the key global Magnesium Diboride manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Magnesium Diboride with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Magnesium Diboride submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.