Global Magnesite Market 2023-2027
The magnesite market is forecasted to grow by USD 2,857.29 mn during 2022-2027, accelerating at a CAGR of 5.48% during the forecast period. The report on the magnesite market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for refractories from the steel industry, growth in the automotive industry, and high demand for dead burned magnesia.
Technavio's magnesite market is segmented as below:
- Magnesite ore
- Dead burned magnesia
- Fused magnesia
- Fillers and binders and others
By Geographical Landscape
- North America
- South America
- Middle East and Africa
This study identifies the use of lightweight materials in the automotive industry as one of the prime reasons driving the magnesite market growth during the next few years. Also, increase in R and D activities by vendors and emergence of magnesium batteries with enhanced energy storage capabilities will lead to sizable demand in the market.
The report on the magnesite market covers the following areas:
- Magnesite market sizing
- Magnesite market forecast
- Magnesite market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading magnesite market vendors that include Almora Magnesite Ltd., Compagnie Financiere et de Participations Roullier, Galaxy Enterprise, GRECIAN MAGNESITE SA, Haicheng Magnesite Group Co. Ltd, IBAR Group, Iranian Refractories Procurement and Production Co., Konoshima Chemical Co. Ltd., Korab Resources Ltd., Kumas Manyezit Sanayi A S, MGX Minerals Inc., PD Refractories GmbH, Premier Magnesia LLC, Ramakrishna Magnesite Mines, Refratechnik Holding GmbH, RHI Magnesita GmbH, SCR Sibelco NV, Sri Ponkumar Magnesite Mines, TANMAG, and Tomra Systems ASA. Also, the magnesite market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.