U.S. Magnesium Oxide Board Market Size, Share, and Growth Forecast for 2025 - 2032

U.S. Magnesium Oxide Board Market Size and Share Analysis

The U.S. magnesium oxide board market is estimated to increase from US$ 0.2 Bn in 2025 to US$ 0.3 Bn by 2032. The market is projected to record a CAGR of 3.9% during the forecast period from 2025 to 2032.

In the foundation of building materials like boards, cement, and panels, magnesium oxide (MgO) is becoming increasingly popular in the U.S. owing to its ability to withstand fire, endure, and adapt.

• According to studies, the U.S. construction sector is projected to rise by 6.2% in 2024, boosting demand for MgO products.
• In October 2023, American Magnesium Inc. announced the extension of its production facilities to meet rising demand in construction and steelmaking.

The steel industry, driven by infrastructure and housing projects, is a significant consumer of MgO for refractory applications. The agriculture and animal feed sectors rely on magnesium supplements for livestock health, with demand rising due to a 12% increase in feed production in 2023. Usage of magnesium oxide in chemical and pharmaceutical formulations and manufacturing processes demonstrates its important significance in the U.S. economy.

Key Highlights of the Market 

• In 2025, the U.S. construction industry is set to witness significant changes, with thin MgO boards attaining a market share of 42.7%. 
• Residential buildings are anticipated to hold a 37.4% market share in 2025 due to the rising need for fire resistance in these buildings.  
• The MgO panelling market in the U.S. is being fuelled by rising demand for fire-resistant and moisture-resistant construction materials.  
• Awareness of sustainable building materials is driving a surge in the use of magnesium oxide boards in green construction in the U.S.  
• Increasing renovation and remodeling activities in the residential sector of the U.S. are causing a surge in demand. 
• In the U.S., emphasis on lightweight construction materials presents opportunities for magnesium oxide boards.  
• By zone, Southeast U.S. will likely witness a CAGR of 2.3% through 2032 and generate a share of 39.7% in 2025.

Market Attributes	Key Insights
U.S. Magnesium Oxide Board Market Size (2025E)	US$ 0.2 Bn
Projected Market Value (2032F)	US$ 0.3 Bn
U.S. Market Growth Rate (CAGR 2025 to 2032)	3.9%
Historical Market Growth Rate (CAGR 2019 to 2023)	3%

Thin MgO Panels to Lead Amid Lightweight Nature and High Fire Resistance

The thin (<8 mm) segment is likely to dominate the U.S. in 2025, accounting for 42.7% of share due to rising demand in the construction sector. In 2023, the U.S. construction industry developed by 7%, raising demand for cutting-edge materials like MgO boards. It was because of their exceptional fire resistance, ease of installation, and lightweight nature, which makes them perfect for both residential and commercial applications. For instance,

• In October 2023, American Magnesium Inc. introduced a new line of thin MgO boards specifically designed for high-rise construction projects.
• In November 2023, GLO MgO Boards partnered with the U.S. Green Building Council to promote eco-friendly applications of thin MgO boards, highlighting their crucial role in modern construction. 

Magnesium Oxide Boards Gain Impetus in Construction of Residential Buildings

The residential building segment is projected to hold 37.4% of the U.S. magnesium oxide board market share in 2025, driven by rising demand for green buildings and fire-resistant homes. Since MgO boards are known for their durability and fire resistance, their use in residential projects has increased due to strict building safety regulations and awareness of sustainable construction.

It resulted in an 8% growth in the U.S. home remodeling market in 2023, indicating a shift toward sustainable and fire-safe materials. For example,

• In October 2023, GLO MgO Boards introduced eco-certified boards tailored for residential applications, focusing on walls and ceilings.

In response to homeowners' need for safer, more environmentally friendly building options, American Magnesium Inc. and Habitat for Humanity partnered in November 2023 to support affordable, fire-resistant housing developments. 

U.S. Magnesium Oxide Board Market Introduction and Trend Analysis

Demand for magnesium oxide boards is rising in the U.S. due to the increasing need for fire-resistant and moisture-resistant construction materials and a growing awareness of sustainable building practices. For example,

• The U.S. Green Building Council has included magnesium oxide boards in their preferred materials list, leading to 35% increased usage in LEED-certified projects.
• The residential sector has seen a 40% increase in magnesium oxide board usage in home renovation projects, with DIY retailers reporting 55% sales growth.

Budgetary constraints and a lack of qualified contractors are limiting growth of magnesium oxide board installation. As leading manufacturers include magnesium oxide boards into their standard designs, the market offers potential in prefab building, healthcare construction, and infrastructure projects. For instance,

• Prefab construction is projected to see 70% growth in board usage for 2024, while healthcare construction projects have specified magnesium oxide boards for their antimicrobial properties, creating a new market segment with 45% growth potential.
• The federal infrastructure spending has allocated US$ 2.5 Bn for public building upgrades, with fire-resistant materials as a priority, leading to an 80% increase in government contracts for magnesium oxide boards. 

Historical Growth and Course Ahead

The U.S. magnesium oxide board market showcased a decent CAGR of 3% in the historical period from 2019 to 2023. Demand for environmentally friendly building materials, especially magnesium oxide boards, is rising in the U.S. construction sector. The significance of these materials is demonstrated by the Green Building Council's report of more than 3,500 LEED-certified projects in 2023.

In 2024, the EPA projects that demand for green building products will have grown by 25 million square feet. Given their fire-resistant qualities, magnesium oxide boards are particularly sought-after in both residential and commercial construction. The need for long-lasting and high-performing construction materials is driven by the US$ 110 Bn that the U..S government has invested in infrastructure projects.

Market Growth Drivers

Surging Sustainable Construction Activities to Bolster Demand

Sustainability is becoming a top priority in the U.S. construction industry, which is driving demand for green building materials like magnesium oxide boards. Made from wood fibers and naturally occurring minerals like magnesium oxide, these boards provide a sustainable substitute for more conventional materials like plasterboard or gypsum board.

Their longevity and fire resistance make these appealing for sustainable construction projects since these provide long-term cost savings and a smaller environmental imprint. Demand for magnesium oxide boards in the U.S. is rising due to the shift in environmental consciousness. 

Rising Use of MgO in Steel Production to Augment Demand

Magnesium oxide, an essential refractory element for steel production, is in high demand across the U.S. steel industry because of its surging significance in manufacturing, building, and infrastructure projects. For example,

• According to a few studies, the U.S. steel industry saw a 5% growth in 2023, fueled by government investments in transportation, energy, and industrial infrastructure.

While improvements in steelmaking techniques, such as electric arc furnaces, are raising demand for better refractory materials for performance and efficiency, ArcelorMittal and Nucor are boosting production capabilities to satisfy the rising demand in the U.S. Adoption of eco-friendly steel production techniques is also encouraging the use of sustainable refractory solutions, contributing to high demand for magnesium oxide in the U.S. 

Market Restraining Factors

Budgetary and Regulatory Constraints in Construction Sector

The strength and longevity of magnesium oxide boards make these a popular choice for construction in the U.S., but these are also expensive and need skilled expertise. Concerns have been raised about a 25% lack of contractors with installation experience for magnesium oxide boards.

The U.S. building sector lacks uniform building codes, which results in discrepancies in the use of such supplies. While states with less strict construction and fire laws might not give priority to magnesium oxide boards, states like California and New York have strict regulations that encourage them. Limited adoption of MgO boards in standard construction projects is being impeded owing to the budget limits. 

Key Market Opportunities

Construction Projects in Healthcare and Education Sector to Create Opportunities

The U.S. commercial building industry is developing, particularly in the fields of healthcare and education construction. For example,

• Development of healthcare building projects witnessed a growth of 6% in 2023 due to increased spending on clinics, hospitals, and medical research facilities.
• Government financing and private sector initiatives to modernize schools and colleges produced a rise of 5% in educational construction.

Turner Construction and Clark Construction Group are involved in projects focusing on sustainable building practices and unique technology integration. The sector is predicted to sustain steady growth due to rising demand for innovatived healthcare facilities and modern educational infrastructures. 

Agriculture Sector to Emphasize Innovation in Product Development

In order to meet the rising demand for premium feed and sustainable crop output, with an emphasis on enhancing animal health and productivity, MgO is essential in the agricultural and animal feed industries in the U.S. For instance,

• According to the U.S. Department of Agriculture (USDA), demand for animal feed is projected to rise by 5% annually through 2025, driven by increasing meat and dairy consumption.

The agricultural sector is placing an emphasis on sustainable farming practices, utilizing magnesium oxide to maintain soil health and enhance crop yield. Leading providers of magnesium oxide-based solutions for soil conditioning and animal nutrition are OCI Enterprises and Martin Marietta Materials.

In the U.S., product development has introduced highly absorbent formulations that enhance nutrient absorption and minimize waste. It is in line with environmentally friendly farming methods. 

Competitive Landscape for the U.S. Magnesium Oxide Board Market

In the U.S., manufacturers of magnesium oxide boards are projected to enhance their market presence by prioritizing research and development initiatives. As diverse industries are set to adopt these products in their production and manufacturing processes, key players are likely to concentrate on strategic approaches. These mainly include mergers and acquisitions, product innovation, and geographical expansion.

The prevailing sustainability trend in the construction sector is anticipated to drive demand for conventional materials. It is projected to thereby foster product development and innovation in the U.S. 

A Recent Development in U.S. Magnesium Oxide Board Market

• In January 2025, US MgO Co. planned to construct a commercial-scale manufacturing plant in Wilmington for magnesium oxide sheathing panels, preparing for a larger operation off U.S. 74, with American-made parts and equipment.

U.S. Magnesium Oxide Board Market Report Scope

Attributes	Details
Forecast Period	2025 to 2032
Historical Data Available for	2019 to 2023
Market Analysis	US$ Billion for Value
Key Zone Covered	West U.S. Midwest U.S. Southwest U.S. Southeast U.S. Northwest U.S.
Key Market Segments Covered	Type Application Zone
Key Companies Profiled	Magnum Board Products, LLC Ambient Bamboo Products Inc. North American MgO LLC Foreverboard California, Inc. Ambient Building Products Inc. Huber Engineered Woods LLC DragonBoard USA James Hardie Building Products Inc. Others
Report Coverage	Market Forecast  Company Share Analysis  Competition Intelligence  DROT Analysis  Market Dynamics and Challenges  Strategic Growth Initiatives
Customization and Pricing	Available upon request

U.S. Magnesium Oxide Board Market Segmentation

By Type ? 

• Thin (<8 mm)
• Medium (8 to 15 mm)
• Thick (>15 mm)

By Application

• Residential Building
• Commercial Building
• Industrial Building

By Zone 

• West U.S.
• Midwest U.S.
• Southwest U.S.
• Southeast U.S.
• Northwest U.S. 

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