Magnesite Market

Magnesite Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027

  • Ongoing
  • July 2020
  • REP-GB-3938
  • PDF PPT EXCEL
Magnesite Market
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This Magnesite market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Magnesite market.

Magnesite chemical nomenclature as MgCO3 is commonly known as a carbonate of magnesium. Magnesite is mostly found as irregular veins as an alternative product of serpentine magnesium rich rock and ultramafic rocks and molded by replacement of dolomitic limestone and dolomite. Magnesite is commercially refered as magnesium products, like magnesium oxide (magnesia, MgO). The primary application of magnesite is the production of magnesium oxide and that consist of two mutual grades such as and fused magnesia (FM) and dead burned magnesia (DBM). Moreover, fused magnesia is mostly applied in electrical insulating and refractory markets. The prime end-use sector for the refractory material is steel and iron industry that register around 70% of magnesite demand in volume terms. Also, applications of magnesium and its compounds such as chemical industry, agriculture, pharmaceuticals, environmental area, construction, and many others.

Magnesite Market: Drivers & Restraints

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

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The major factors boosting the growth of magnesite market are rising demand of magnesite in construction and chemical industry, and increasing production of its product type across the globe. Moreover, the magnesite market is growing due to growing demand from the refractory application, majorly in steel & iron industry. Magnesite is highly required in the refractory industries, and demand for refractories is likely to be boosted by increasing global steel& iron output. In terms of end-user application, around 65% of magnesite is used in refractory industries and thus increasing the growth of overall magnesite market in coming years. As, fused magnesia is expected to contribute high share among all product types of magnesite and thus increase the growth of the market in forecast years. Furthermore, growing cement consumption across the globe, magnesite use as a cement additive in the cement industry is majorly driving the growth of the magnesite market.  Increasing use of magnesium oxide in growing demand for magnesite application in wastewater treatment, magnesia-based wallboards, and animal feed and are the key supporter for the positive impact on the growth of magnesite market over the forecast period. On the other side, environmental and government regulations implemented on reducing environmental pollution emanating from steel production among other industries are major the challenge faced by magnesite manufacturers. Moreover, magnesite substitutes are also hindering the growth of the market in forecast years.

Magnesite Market: Market Segmentation  

The magnesite market is segmented into four parts based on the product type, technology, application, and geography.

Magnesite Market: Regional Outlook

Regarding geography, magnesite market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. In terms of region, North America accounts for high share as compared to Latin America and West owed torn Europe due to massive production of magnesite in this region with regulatory supports offered by various countries. Magnesite market for Asia Pacific is also expected to witness rapid growth during the forecast period primarily attributed to increasing usage of magnesite in different application such as chemical construction, agriculture, and many others. Moreover, due to rising economies and growing industrialization across is driving the overall growth of the magnesite in the region, especially in China and India. In addition, factors such as rapid economic development, globalization and increasing demand of magnesite in the refractory application, foreign direct investment, and the wide range of end-users. In future, magnesite market is expected to grow at high CAGR, enhanced by increasing use in construction and chemical industry. In Asia-Pacific, China and India are the largest consumers of cement, cumulatively accounting for around 70% share of overall consumption of magnesite.

Magnesite Market: Few Players

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

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  • Gain Insights on Key Magnesite Market Impacting Forces
  • Know the Winning Strategies of Market Leaders
  • Get Deep-Dive Analysis on Each Segment
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Based on the type magnesite market is segmented into:

  • Magnesite ore
  • Dead-burned magnesia
  • Fused magnesia
  • Others

Based on application magnesite market is segmented into:

  • Construction
  • Industrial/Chemical
  • Agriculture
  • Others

Few players identified in magnesite market are:-

  • Houying Group
  • Calix
  • Magnezit
  • Queensland Magnesia Pty. Ltd.
  • Baymag
  • Grecian Magnesite
  • Liaoning Wancheng
  • Magnesium group
  • Magnesita
  • Haicheng Xiyang Magnesium Ltd.
  • Liaoning Jinding Magnesite Group
  • Ramakrishna Magnesite Mines
  • Haicheng Magnesite
  • BeiHai Group
  • Others

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina)
  • Western Europe (Germany, Italy, U.K, Spain, France, Nordic, Rest of Western Europe)
  • Eastern Europe (Russia, Poland)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.
Frequently Asked Questions

What research methodology is used to develop the Magnesite Market report?
  • FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
  • These approaches include accumulating data from both primary and secondary sources
  • Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Magnesite Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
  • Analysis of several middle market stakeholders for country-wise data

In addition to up-to-date market figures and customized of the Magnesite Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.

  • Most of the competitors are segregated according to their market share in 'Tier' wise statures.
  • Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.
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Harish Tiwari

Harish Tiwari

Global Head - Business Development

Akshay Godge

Akshay Godge

Client Partner - Global Business Development

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