The pyroxenite market will grow at a rate of 3.45% for the forecast period of 2021 to 2028. Increase in demand for pyroxenite in steel & iron making applications is a vital factor driving the growth of pyroxenite market.
Pyroxenite is defined as an ultramafic igneous rock consisting essentially of minerals of the pyroxene group, such as diopside, augite, hypersthene, bronzite or enstatite. Pyroxenites are classified into orthopyroxenites, clinopyroxenites, and the websterites which contain both types of pyroxenes.
Rise in the demand for pyroxenite and dunite is the vital factor escalating the market growth, also growing demand for olivine as it offers numerous advantages over dolomite in slag conditions, including higher magnesium oxide content, decreased slag volume, low coke and energy consumption and considerably lower carbon dioxide emission, rise in the research & development activities, rapid industrialization and increase in the advancements in production technology and research are the major factors among others driving the pyroxenite market.
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The major players covered in the pyroxenite market report are Bharat Mines and Minerals, Aegis Logistics Ltd, Tata Steel, Foskor (Pty) Ltd, TVI Resource and Vale among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Scope of the Pyroxenite Market Report:
The pyroxenite market is segmented on the basis of application and grade. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on application, the pyroxenite market is segmented into iron and steel making, countertops/kitchen, building stone/dimension stone, aggregate and others.
- The pyroxenite market is also segmented on the basis of grade into grade-I and grade-II.
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Pyroxenite Market Regional Analysis/Insights
The Pyroxenite market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Pyroxenite market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Pyroxenite within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Pyroxenite market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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