Dublin, Dec. 22, 2020 (GLOBE NEWSWIRE) -- The "Pyroxenite - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
Global Pyroxenite market 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.
What the 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
Key Topics Covered:
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources
3 Market Trend Analysis
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Pyroxenite Market, By Grade
6 Global Pyroxenite Market, By Application
6.3 Building Stone/Dimension Stone
6.5 Iron & Steel Making
6.6 Metal Production
7 Global Pyroxenite Market, By Geography
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.5 Other Key Strategies
9 Company Profiling
9.1 Aegis Group
9.2 Bharat Mining Company
9.3 Foskor (Pty) Ltd
9.4 Tata Steel Ltd
9.5 TVI Resource Development Philippines Inc
9.6 Vale SA
For more information about this report visit https://www.researchandmarkets.com/r/uzdkfr
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