Trends, opportunities and forecast in magnetite market to 2026 by end use industry (iron and steel, medication, and others), product type (natural and synthetic), by region (North America, Europe, Asia Pacific, and the Rest of the World).
New York, July 21, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Magnetite Market Report: Trends, Forecast and Competitive Analysis" - https://www.reportlinker.com/p06106138/?utm_source=GNW
The future of the global magnetite market looks promising with opportunities in the iron and steel and medication industries. The global magnetite market is expected to reach an estimated $130.8 billion by 2026 with a CAGR of 5% from 2020 to 2026. The major drivers for this market are growing demand for high grade iron ore, increasing production of steel in China, growth in building and infrastructure development, and rapid industrialization.
Rio Tinto, BHP Billiton, Vale S.
A., Atlas Iron Limited, Fortescue Metals Group, Cap-Ex Ventures, Labrador Iron Mines, Champion Minerals, Cliffs Natural Resources, and Cathay industries are among the major magnetite manufacturers.
The study includes trends and forecast for the global magnetite market by product type, end use industry, and region as follows:
By End Use Industry [Value ($M) and Volume (Million Tons) shipment analysis from 2015 to 2026]:
• Iron and Steel
By Product [Value ($M) and Volume (Million Tons) shipment analysis from 2015 to 2026]:
• Natural Magnetite
• Synthetic Magnetite
By Region [Value ($M) and Volume (Million Tons) shipment analysis for 2015 – 2026]:
• North America
• United States
• Asia Pacific
• The Rest of the World
Natural magnetite will remain the largest segment due to increasing production of iron and steel. Synthetic magnetite market is expected to witness the highest growth over the forecast period due to increasing demand for iron oxide pigment in ink and coating application.
Iron and steel will remain the largest end use industry over the forecast period due to growth in building and construction, automotive production, and rapid industrialization in emerging economies.
APAC will remain the largest region over the forecast period, as China, India, and Japan are the major producers of steel. Increasing investment in building and infrastructure market by the Chinese government and growth in automotive, shipbuilding, machinery, engineering, and consumer good will drive the demand for iron and steel in the APAC region.
Features of the Global Magnetite Market
• Market Size Estimates: Global magnetite market size estimation in terms of value ($M) and by volume (million tons) shipment.
• Trend and Forecast Analysis: Market trends (2015-2020) and forecast (2020-2026) by various segments and regions.
• Segmentation Analysis: Global magnetite market size by various segments, such as end use and product type.
• Regional Analysis: Global magnetite market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different end use industries, product, and regions for the magnetite market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the magnetite market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions
Q.1 What are some of the most promising, high-growth opportunities for the global magnetite by end use industry (iron and steel, medication, and others), product type (natural and synthetic), by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
Read the full report: https://www.reportlinker.com/p06106138/?utm_source=GNW
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