Magnesium Oxide Industry Turns to High-end Market

by Allen Hu magnesium oxide supplier

The sluggish magnesium oxide industry meets the turnaround in the end of 2016 finally. The continually rising magnesium oxide price brings a warm wind to the whole industry. According to the analysis of Meishen Technology, a professional magnesium oxide manufacturer, with the rising price of raw material, in the future, the magnesium oxide price maybe go high continuously. Under this impetus, magnesium oxide industry is turning to high end market rapidly.

Magnesium oxide price will increase persistently in 2018. If the price of raw material still remains rise state, it would be a price boom at the end of this year. However, for the magnesium oxide suppliers and manufacturers, the benefit space is very small. Because the cost of raw material rises a lot. Therefore, not a few magnesium oxide manufacturers and suppliers pay more attention to the high end and middle end products when set up the strategies this year.

It is a represent the general trend for magnesium oxide industry to turn to middle and high-end market. Regardless of whether magnesium oxide price can keep pressure persistently. As a matter of fact, after 2010, the pressure of transformation had been appeared. And it is transforming at present.

According to the information, this kind of transformation has two trends: one is the functions and price of magnesium oxide is turning to mid-to-high end. Two is the category is transforming to refining. These two is an obvious tendency at present. And the transformation is more successful.

In addition, the magnesium oxide is a intensely competitive industry. Especially after experiencing the shock from internet brands, it has already formed stable situation, and entered the pattern of “the winner takes it all”. Some magnesium oxide manufacturers have the ability to reduce price, transformation and upgrading. And the transformation and upgrading must be existed in a subdivision industry or better-performing leading manufacturers in the field. Theses manufacturers push new brands. Under this state of market, it is represent the general trend to push new high end brand strategy. What’s more, almost of manufacturers want to develop to this direction. For the time being, the effect is good and will be a bonus in next few years.