The global fused magnesia market size was worth around USD 2.15 billion in 2024 and is predicted to grow to around USD 3.85 billion by 2035 with a compound annual growth rate (CAGR) of 5.44% from 2025 to 2035. The robust demand for fused magnesia from the refractories sector, along with the growing digital transformation of traditional industries, is driving the global fused magnesia market.
The global fused magnesia market size was worth around USD 2.15 billion in 2024 and is predicted to grow to around USD 3.85 billion by 2035 with a compound annual growth rate (CAGR) of 5.44% from 2025 to 2035. The robust demand for fused magnesia from the refractories sector, along with the growing digital transformation of traditional industries, is driving the global fused magnesia market.