Pyroxenite - Global Market Outlook (2019 -2027)

According to Stratistics MRC, the Global Pyroxenite Market is accounted for $0.68 billion in 2019 and is expected to reach $0.90 billion by 2027 growing at a CAGR of 3.5% during the forecast period. Increase in demand for pyroxenite in steel & iron making applications is driving the growth of the market. However, magnesium rich rocks are acting as a substitute and thereby hindering the market growth.

Pyroxenite, dark-coloured, intrusive igneous rock that consists of minerals that belong to pyroxenes group- predominantly, ferromagnesian minerals other than olivine. Ferromagnesian minerals are a commercial source of magnesia coupled with silica, particularly used in metallurgy applications. Pyroxenite is used as a fluxing as well as sintering agent in blast furnace operations, particularly in the steel & iron industry. Pyroxenite offers several benefits over dolomite, which also used as a fluxing agent in the steel manufacturing process.

Based on the application, the iron & steel making segment is going to have a lucrative growth during the forecast period. Pyroxenite is used as a substitute for various minerals such as quartz, limestone, flux of dolomite, and magnesian rocks in steel and iron making.

By geography, South America is going to have a lucrative growth during the forecast period due to a host of factors, including rapid industrialization in nations such as Brazil and Argentina. The booming iron & steel sector in the region is another factor that is expected to provide abundant opportunities for participants operating in the current pyroxenite market landscape.

Some of the key players profiled in the Pyroxenite Market include Aegis Group, Bharat Mining Company, Foskor (Pty) Ltd, Tata Steel Ltd, TVI Resource Development Philippines Inc, and Vale SA.

Grades Covered:
• Grade-I
• Grade-II

Applications Covered:
• Aggregate
• Building Stone/Dimension Stone
• Countertops/Kitchen
• Iron & Steel Making
• Metal Production

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances