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Magnesium diboride has a molecular formula of MgB2 and is an inorganic compound. It is a dark gray ionic solid compound that holds a hexagonal crystal structure. MgB2 is an intercalation compound that comprises irregular layers of boron and magnesium. Regarding the composition, magnesium diboride is substantially varied from majority transition low-temperature and metal-based superconductors.
Business Research Insights states this information in a report that the global magnesium diboride powder market size was USD 3,117.38 million in 2020 and is likely to exhibit a CAGR of 11.04% during the forecast period.
COVID-19 Impacts on the Market
The COVID-19 pandemic has impacted various dynamics of the global trade industry such as restraining all indoor as well as outdoor activities, flight prohibition, banishment on non-indispensable public mobility, restaurant shutting down, colossal interruption of supply chains, reducing business graph, rising fright among people as well as insecurity regarding the impending future. Nearly over 40 nations globally declared a state of emergency and implemented lockdowns to restrict the further spread of the virus.
Chief Properties of Magnesium Diboride Powder
Magnesium diboride powder converts into a superconductor at marginally close temperature of -233°C. The shifting temperature is nearly double than other superconductors of similar types, and its real working temperature lies anywhere between 20-30K. Further, this temperature can be attained by closed-cycle refrigerator, liquid hydrogen, or a liquid neon gas. These processes are easier and inexpensive compared to the industry's usage of liquid helium to chill niobium alloys (4K). After exposed with carbon or similar other contaminations, MgB2 balances superconductivity as perfectly as niobium in the existence of a current, magnetic field, or something better.
Below mentioned are the top 5 dominant players operating in the market.
1. Materion Corporation (U.S.)
Materion Corp. is a multinational company with forte in high-performance engineered materials. Its product portfolio contains inorganic chemicals, beryllium, non-precious and precious metals, beryllium copper alloys, specialty coatings, specialty engineered beryllium, ceramics as well as plated metal systems and engineered clad.
2. Stanford Advanced Materials (U.S.)
Stanford Advanced Materials (SAM) is a vendor of an assortment of alloys, pure metals, ceramics as well as minerals such as oxides across the globe. SAM was founded in 1994 and is a global vendor of an assortment of ceramics, pure metals, alloys, and minerals. SAM holds specialization in both high-purity chemicals for research institutes and technical grade constituents for progressed industries.
3. Luoyang Tongrun (China)
Luoyang Tongrun is dedicated toward technology advancement, utilizations of nanotechnology, and novel material industries, with qualified experience in nanotechnology research and development as well as the uses of components. As a pioneering producer of nanotechnology development and product applications, Luoyang Tongrun leads in the market.
4. Shanghai Xinglu Chemical Technology Co. Ltd. (China)
Shanghai Xinglu Chemical Technology Co., Ltd. is among the most applauded producers and traders of nanomaterial, OLED chemicals, and various similar other fields. It is an ISO & SGS Certified Company renowned for offering smooth distributions of only quality credited rare earth oxide, nanopowder, palladium, nanometal, OLED chemicals, OLED materials, and so on. All these are administered in its modern infrastructural division, which is installed with professional acclaimed machineries. The usage of quality constituents and supplies is made to guarantee high-quality product range at any given time of manufacturing.
5. Jinzhou Haixin Metal Materials Co. Ltd. (China)
Jinzhou Haixin Metal Materials Co., Ltd. was established in 2012 and has gained respect among a series of prime vendors in China. The supplier corporation is situated in Jinzhou, Liaoning and is among the pioneering sellers of registered products. Jinzhou Haixin Metal Materials Co., Ltd. is recorded in Trade India's register of certified sellers providing supreme quality products.
Thriving Applications of Magnesium Diboride Powder
Budding usages of MgB2 involve power transmission lines, superconducting magnets, and sensitive magnetic field sensors. Magnesium diboride powder is a novel component that has managed to gain attention. This article majorly emphasizes on the characteristics of superconducting and synthetic components utilized in industrial amalgamation and sintering features, erosion resistance of liquid aluminum, electrical conductivity at normal temperature, and oxidization resistance of fluoride.
There are similar other studies where the usage of magnesium diboride powder and its compound materials has not been witnessed to protect the cathode space of aluminum electrolysis. Therefore, the demand for this product has sprung in the market and has helped to boost the annual revenue of players functioning in it.