Albany, NY -- (SBWIRE) -- 03/07/2016 -- The development of cost-effective manufacturing processes is projected to serve as a major opportunity for players within the global magnesium oxide nanopowder market, says Transparency Market Research in its latest report. The report, titled "Magnesium Oxide Nanopowder Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023," states that the value of the global market is anticipated to rise from US$1.6 bn in 2014 to US$3.4 bn in 2023. If these values hold true, the magnesium oxide nanopowder market is likely to expand at an 8.30% CAGR from 2015 to 2023.
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