Global Magnesite Market 2018-2022: Growing Demand for Refractories from the Steel industry Driving Market Growth - ResearchAndMarkets.com

September 26, 2018

DUBLIN--(BUSINESS WIRE)--Sep 26, 2018--The “Global Magnesite Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.

The global magnesite market to grow at a CAGR of 5.54% during the period 2018-2022.

Global Magnesite Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is growth in the automotive industry. Magnesium has been extensively used in the automotive industry since the 1920s. Its lightweight feature enables its application in the production of cars and other commercial vehicles, offering high fuel efficiency, increased performance, and sustainability.

According to the report, one driver in the market is growing demand for refractories from the steel industry. Magnesite, an effective refractory material, can withstand extreme heat and thus is of major significance in industrial processes. The steel industry is the main end-user of refractory magnesia for refractory brick linings.

Further, the report states that one challenge in the market is increasing price of magnesite in China. China is a leading producer and exporter of magnesite globally, accounting for 64.29% of the global magnesite production in 2017. Any change in the export price of magnesite directly influences the overall supply chain related to magnesite.

Key Market Trends

Increasing projects for magnesite production Imposition of tariff by the US on industrial minerals imported from China

Key vendors

Grecian Magnestie Jdmg Kmas Manyezit Sanayi Magnezit Group Rhi Magnesita Wancheng Meiye Jituan Youxiangongsi

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Market Segmentation By Application

Part 09: Regional Landscape

Part 10: Decision Framework

Part 11: Drivers And Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Vendor Analysis

Part 15: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/f57m25/global_magnesite?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180926005744/en/

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Related Topics:Metals and Minerals



SOURCE: Research and Markets

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PUB: 09/26/2018 11:55 AM/DISC: 09/26/2018 11:55 AM


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