(MENAFN- PR Newswire) NEW YORK, Sept. 14, 2023 /PRNewswire/ -- The magnesite market size is expected to grow by USD 2.85 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of
5.48% during the forecast period, according to Technavio.
Growing demand for refractories from the steel industry is notably driving the magnesite market. However,
factors such as Available substitutes for magnesite may impede market growth. The market is segmented by Product (Magnesite ore, Dead burned magnesia, and Fused magnesia), Application (Refractory and Fillers and binders
and others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa).
We provide a detailed analysis of 20 companies operating in the magnesite market including
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 SibeNV, Sri Ponkumar Magnesite Mines, TANMAG, and Tomra Systems ASA. The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a FREE Sample Report. Continue Reading
![Technavio has announced its latest market research report titled Global Magnesite Market 2023-2027]( "Technavio has announced its latest market research report titled Global Magnesite Market 2023-2027")
Technavio has announced its latest market research report titled Global Magnesite Market 2023-2027
Magnesite Market 2023-2027:
Company Analysis
Almora Magnesite Ltd. -
The company offers magnesites such as Dead Burnt magnesite, Calcined magnesite, and Light Calcined magnesite.
This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information.
Magnesite Market 2023-2027:
Segmentation
Product
The
magnesite ore
segment is significant during the forecast period. It
is a naturally occurring mineral composed mainly of magnesium
and can
be found in variparts of the world and
it
has many uses, both commercially and industrially.
Furthermore, it has been used to make cement since ancient times, and given
its ability to store heat energy and not pass it on to another material, it may be made into an insulation material.
Hence, such factors drive the growth of the magnesite ore segment of the magnesite market during the forecast period. Other segments include
application (refractory, fillers and
binders, and others).
Geography
APAC will
contribute
59%
to the growth of the
market during
the forecast period.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report
Magnesite Market 2023-2027:
Key Highlights
Historic Market Size 2017-2021 CAGR of the market during 2023-2027 Detailed information on factors that will assist magnesite market growth during the next five years Estimation of the
market size and its contribution to the parent market Forecasts on upcoming trends and changes in consumer behavior The growth of the magnesite market Analysis of the competitive landscape and detailed information on companies Comprehensive details of factors that will impede the growth of magnesite market companies
Related Reports:
The
magnesium oxide market
size is expected to increase by
USD
1.18 billion
from 2021 to 2026,
and the market's growth momentum will accelerate at a
CAGR of 4.22%.
Furthermore, this report extensively covers
market
segmentation by application (refractories, construction, agriculture, chemical, and others) and geography (APAC, Europe, North America, Middle East and Africa, and South America).
The increasing steel production is notably driving the magnesium oxide market growth.
The
PreciMetals Market
size is estimated to grow at a
CAGR of 5.82%
between 2022
and 2027. The
market size is forecast to increase by
USD 84.89 billion.
This report extensively covers market
segmentation by type (gold, silver, and platinum group metals), application (industrial, jewelry, and investment), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
Precimetals proving to be a safe haven during economic uncertainty drives the market.
ToC: Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers,
Challenges, &
Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis foon emerging market trends and provide
actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning
50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:
[email protected]
Website:
SOURCE Technavio