Because of its qualities such as wear resistance, refractoriness, and high compressive strength, magnesium oxide nanoparticles are employed exclusively as a support material in the matrix of composites. Over the forecasted period, the usage of these nanoparticles as a flame retardant is likely to be the primary trend that will gain traction in the global business.
Over the projected period, rising product demand for gasoline additives to preserve fuel efficiency in the transportation industry is expected to boost the magnesium oxide nanoparticle business. In addition, increased acceptance of the product as a fire retardant in flame retardant chemicals to avoid excessive fire losses is predicted to propel industry growth.
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Source:
https://www.coherentmarketinsights.com/market-insight/magnesium-oxide-market-3668
