The food grade magnesium oxide market is strong
Another important reason of magnesium oxide market has continued to grow robustly is: the people in developing country aspire to raise living standard. World Bank forecasts that, the global population will be increase to about 80 billion in 2030 from 60 billion at present. The most of growth is from the developing countries. At the same time, the size of global economy is excepted to double, it is about 70 trillion dollars. In the long term, the demand of polyolefin, which is polyethylene and polypropylene, is increasing not only in the global but also in all regions. These increase are related with the increase of GDP. That is: the demand increase rate of polyolefin is higher about 2~3% than the increase of GDP. In other words, in the future, the growth rate of global GDP will be about 3% each year. However, the demand for polyolefin will be in 5%~6%. Although it has happened drastic fluctuation in global financial sector, commodity market and credit market, magnesium oxide industry is also in an unique period. In a long run, the demand of oxidation products is still remain strong. At the same time, the development of Asia economy bring opportunities to enterprises located in Asia. For example, the Reliance Industries in India, and the China National Petroleum Corporation. They depend on the demand of local products to promote their position. In addition, the Middle East has cheap oil and gas resources, this made Saudi basic industries corporation developing fast. We can see a opportunity in this kind of global huge change. The functions of food grade magnesium oxide is diversified and ever accelerated: from reducing food deterioration to heating preservation in building, light weight and high efficient of car body. Therefore, in the long run, the improvement of economic environment can promote energy usage increasing continually, especially the improvement of developing countries. The economic growth will bring great opportunities and spill over into terminal products market. Like automobile, packing, health and personal care.
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Hebei Meishen Technology Co., Ltd is the professional manufacturer of magnesium oxide
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