Overview
Magnesite Market is forecast to
reach $11.39 billion by 2025, after growing at a CAGR of 5.54% during 2020-2025.
The key factors driving magnesite market growth include increased demand for
magnesite, particularly in chemical and construction industries and increased the production of different grades worldwide. Magnesite is a mineral with a chemical
formula of magnesium carbonate and occurs as veins in and an alteration product
of ultramafic rocks, serpentinite and other magnesium-rich rock types in both
contact and regional metamorphic terrains. These magnesites are often
cryptocrystalline and contain silica in the form of chert or opal. Furthermore,
the increase in demand from refractory applications primarily in the iron &
steel industries fuel the growth of the market.
Report Coverage
The report: “Magnesite Market – Forecast (2020-2025)”, by IndustryARC, covers
an in-depth analysis of the following segments of the Magnesite Market.
Key Takeaways
- 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
- The chemical segment is expected to grow at a significant rate due to magnesite absorbent property which makes it useful for spill cleanup of hazardous chemicals.
- Magnesite is also used to treat industrial wastewater containing heavy metals and silica. Increasing use of magnesium oxide in a growing demand for magnesite application in wastewater treatment, animal feed and magnesia-based wallboards are the key supporters for the positive impact on the growth of magnesite.
- Magnesite tumbled stones are used by metaphysical healers to release tension, stomach cramps, muscle spasms and to relieve overly sensitive skin or organs. It is the most important healing crystal for anything related to a Magnesium deficiency.
By Type - Segment Analysis
Dead-Burned Magnesia segment held the largest share in the magnesite market in 2019. Dead burned magnesia is primarily used for refractory purposes. It has the highest melting point compared to other commonly used refractory oxides. Hence, dead burned magnesia is the most suitable material for usage in high-temperature processes for heat containment, especially in the steel industry. When compared in terms of abrasion resistance, strength and chemical stability, fused magnesia is superior. According to the European Association of Mining Industries, Metal Ores, and Industrial Minerals, the European Union (EU) extracts around 2.9 million tons of primary material (expressed as magnesite ore), accounting for 10% of the world production.
By Application - Segment Analysis
The construction segment held the
largest share in the magnesite market in 2019. Due to the refractory properties of
magnesite, it is widely being used in the construction industry. The primary
end-user of refractory materials is iron and steel industry. Magnesite is
gaining popularity as an additive in cements used for construction. According
to the Institution of Civil Engineers, the global construction market in 2015 is
set to grow by US$ 8 trillion by 2030, reaching a total size of US$ 17.5
trillion and increasing by an average annual rate of 3.9% to 2030. The rising construction sector demands cement and other construction materials such as
magnesite, which is contributing towards the global magnesite market growth.
Geography - Segment Analysis
North America
dominated the magnesite market with a share of more than 37.7% during the
forecast period. This can be attributed
to the large-scale production of magnesite in this region with regulatory
support offered from various countries. The US and Canada are the major
contributors in this region due to numerous manufacturers. Due to massive
demand from construction and chemical industries and an actively growing
manufacturing base in North America, it will propel the magnesite market during
the forecast period. According to Indian Minerals Yearbook 2015, the total
reserves/resources of magnesite as per UNFC system by 2013, were about 328
million tons, of which reserves and remaining resources are 21 million tons and
307 million tons, respectively.
Drivers – Magnesite Market
·
Magnesite with high storage
capacity to drive market growth.
Magnesite vendors are introducing
products with a high storage capacity specifically for applications that need
to store large amounts of data such as action cameras, drones, and video
surveillance systems. The trend of capturing high-definition pictures and video
and the implementation of automation technologies across various sectors are
driving the need for high-capacity Magnesite.
Challenges – Magnesite Market
·
Stringent
environmental regulations
Stringent environmental and
government regulations implemented to reduce environmental pollution arising
from steel production is a major challenge faced by magnesite manufacturers as
it is one of the important refractory material. This is a major challenge which
is hindering the growth of magnesite market. ‘Air and Leaching Pollution
Scenario by Iron and Steel Plants, in central India’ research paper stated
that, In India iron and steel industries, are, among the 17 most polluting
industrial sectors, identified by the Central Pollution Control Board (CPCB).
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the insulated wall panels market. In 2019, the market of magnesite has been consolidated by the top five players accounting for xx% of the share. Top 10 cpmpanies in the magnesite market are Baymag, Calix Inc, Grecian Magnesite, Haicheng Xiyang Magnesium Ltd, Houying Group, Liaoning Wancheng, Magnesita, Magnesium Group, Magnezit Corporation ad Queensland Magnesia Pty Ltd among others.
1.1 Definitions and Scope
2. Magnesite Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Magnesite Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Magnesite Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Magnesite Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Magnesite Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Magnesite Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Magnesite Market - By Type (Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Segment Analysis
8.3.1 Magnesite Ore
8.3.2 Dead-Burned Magnesia
8.3.3 Fused Magnesia
9. Magnesite Market - By Type (Market Size -$Million / $Billion)
10. Magnesite - By Application (Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
10.3.1 Construction
10.3.2 Industrial
10.3.3 Chemical
10.3.4 Agriculture
11. Magnesite- By Geography (Market Size -$Million / $Billion)
11.1 Magnesite Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Magnesite- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Magnesite- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Magnesite - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Magnesite - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Magnesite Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Magnesite Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Magnesite Market - Key Company List by Country Premium
15. Magnesite Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Baymag
15.3 Calix Inc
15.4 Grecian Magnesite
15.5 Haicheng Xiyang Magnesium Ltd
15.6 Houying Group
15.7 Liaoning Wancheng
15.8 Magnesita
15.9 Magnesium Group
15.10 Magnezit Corporation
15.11 Queensland Magnesia Pty Ltd
15.12 Company 11
15.13 Company 12 & More
16.1 Abbreviations
16.2 Sources
17. Magnesite Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends