Magnesite Market by Product, Application, and Geography Forecast 2023-2027

Published: Oct 2023 Pages: 158 SKU: IRTNTR45773

Global Magnesite Market Forecast 2023-2027

The global magnesite market size is forecast to increase by USD 2.86 billion at a CAGR of 5.48% between 2022 and 2027. The growth of the global magnesite market is fueled by various factors, notably the rising need for refractories within the steel sector, the expanding automotive industry, and the considerable demand for dead-burned magnesia. These factors collectively drive market expansion and underscore the diverse applications and robust demand for magnesite-based products across different industrial sectors. This market research and growth report includes historic market data from 2017 to 2021. It also includes an in-depth analysis of the key market drivers, trends, and challenges during the forecasted period.

What will be the size of the Magnesite Market During the Forecast Period?

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Market Segmentation

The magnesite ore segments are estimated to witness significant growth during the forecast period. Magnesite ore is a naturally occurring mineral composed mainly of magnesium. It can be found in various parts of the world and it has many uses, both commercially and industrially. It has been used to make cement since ancient times. Thanks to its ability to store heat energy and not pass it on to another material, it may be made into an insulation material.

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The magnesite ore segment was the largest segment and was valued at  USD 3.64 billion in 2017.  Magnesite ore can be used as part of the manufacturing process for producing metals such as steel and aluminum. It is also possible to enhance the durability and longevity of paint or coating products by adding them. It can also be used to produce medicines such as antacids and laxatives, which help treat digestive problems like acid indigestion or constipation. All these advantages related to magnesite ore will increase its demand in various applications such as refractory and fillers and binders.

Key Regions

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APAC is estimated to contribute 59% to the growth of the market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC consists of abundant magnesite reserves. North Korea, China, Australia, and India account for rich sources of these reserves. In 2022, China continues to be the world's top producer and exporter, although certain regulations have had an impact on production, exports, and costs. India is also one of APAC leading producers and consumers of magnesite.

Moreover, magnesite is mainly used as a refractory material commonly employed in the iron and steel industry. This rapid surge in steel and iron production is expected to increase the demand for refractories (magnesite). Thus, the increasing demand from end-user industries and its abundance in the region are growth drivers for the market in APAC.

Market Dynamics and Customer Landscape

The global magnesite market thrives on the abundant availability and its derivatives such as magnesium carbonate, serpentine magnesium rock, dolomitic dolomite, and limestone, sourced from ultramafic rocks. These raw materials are essential for the production of various magnesium compounds including magnesium oxide, fused magnesia, and dead burned magnesia, catering to diverse sectors such as refractory markets, electrical insulating applications, the iron & steel industry, agriculture, and the chemical industry. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The growing demand for refractories from the steel industry is driving growth in the market. Magnesite, prized for its refractory properties, exhibits exceptional resistance to extreme temperatures, rendering it indispensable across various manufacturing processes. A significant portion of refractory magnesia is utilized in lining refractory bricks crucial for diverse iron and steel manufacturing units, spanning from coke ovens to blast furnaces. With over two-thirds of the global allocation of refractory materials directed toward applications in the iron and steel industry, the demand for magnesite remains robust.

Additionally, the swift pace of industrialization and urbanization observed across both developed and emerging economies presents substantial growth opportunities for stakeholders in the iron and steel sector. Steel, ubiquitous across diverse sectors such as construction, automotive, aviation, and oil and gas, assumes a pivotal role. Steel casting, a prevalent manufacturing technique, involves the pouring of molten steel into molds crafted from sand or ceramic plaster to shape the final product. Consequently, the burgeoning steel casting market is set to amplify the demand for refractories, particularly magnesite, in the foreseeable future, thereby stimulating market expansion.

Significant Market Trends

The use of lightweight materials in the automotive industry is a primary trend in the market. In the automobile sector, there is an increase in the use of lightweight materials. The major driver for the demand for lightweight materials is the consumer demand for more fuel-efficient cars. Customers demand lighter vehicles with a view to saving fuel due to the growing awareness of climate change and environmental issues, as well as rising fuel costs.

Moreover, magnesium is one of the lightest structural metals when compared to other metals such as iron, lead, copper, brass, zinc, titanium, and aluminum. As a result, parts such as gearboxes, steering wheels, and seats are very commonly used by magnesium in the automotive industry. Steel, iron, and aluminum are some of the metals used mainly in the automotive sector. Thus, the use of magnesium in place of steel, iron, and aluminum due to its light weight is increasing in the automotive sector, which is expected to drive the market during the forecast period.

Major Market Challenge

The environmental and recyclability concerns are a major challenge in the market.  In view of inappropriate processing, the production of magnesite may lead to contamination of different by-product streams in the environment. This would have an adverse effect on the environment. It is very important to dispose of or recycle magnesite properly and post their removal from applications in end-user industries. A major threat to the environment and human life may be caused by magnesia which is not properly managed or recycled.

However, the opportunities and approaches for recycling diverge significantly, depending on the local settings and environmental regulations. Moreover, only recycled material shall be reused in accordance with its source and grade of impurities. These concerns regarding the environmental impact and recyclability are expected to negatively impact the global market growth during the forecast period.

Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Magnesite Market Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Almora Magnesite Ltd. - The company offers magnesites such as Dead Burnt magnesite, Calcined magnesite, and Light Calcined magnesite.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Compagnie Financiere et de Participations Roullier
  • Galaxy Enterprise
  • GRECIAN MAGNESITE SA
  • Haicheng Magnesite Group Co. Ltd
  • IBAR Group
  • Iranian Refractories Procurement and Production Co.
  • Konoshima Chemical Co. Ltd.
  • Korab Resources Ltd.
  • Kumas Manyezit Sanayi A S
  • MGX Minerals Inc.
  • PD Refractories GmbH
  • Premier Magnesia LLC
  • Ramakrishna Magnesite-Mines
  • Refratechnik Holding GmbH

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The Magnesite Market is a vital component of various industries such as the Mining Sector, Chemical Industry, Agriculture Industry, and Construction Industry. With stringent Government Regulations and a growing emphasis on Renewable Energy Sources, the demand for magnesite, particularly Magnesium Carbonate (MgCO3), remains high. Its versatile applications include industrial floors, building boards, abrasive stones, and grinding wheels, contributing significantly to sectors like the Cement Industry, Glass Industry, and Fertilizer Industry. Moreover, magnesite finds use in Phosphate Cement Mortars, Wall Stabilization, and Road Construction, while also playing a crucial role in Ceramic Tile Production and Drilling Muds for Mining Operations. Its properties, including Adhesion, Fire Resistance, and Bonding Strength, enhance various economic and industrial activities, making it a cornerstone of modern infrastructure and development.

The market also encompasses various sectors, including refractory markets, electrical insulating applications, and the iron & steel industry. Magnesite, derived from serpentine magnesium rock, dolomitic dolomite, or ultramafic rocks, yields magnesium oxide, a key component in numerous industrial applications. Its versatility extends to environmental areas like carbon capture and storage and wastewater treatment. Additionally, it finds use in pharmaceuticals, cement additives, and magnesia-based wallboards. Its significance in steel production, coupled with its role in infrastructure development and renewable energy technologies, underscores its relevance in modern industrial processes. Both underground and surface mining techniques contribute to meeting global demand, amidst evolving economic trends and circular economy practices aimed at sustainable resource utilization.

This market, sourced from limestone and ultramafic rocks, produces essential magnesium compounds used in various sectors. Its applications range from refractory technologies to animal feed additives, albeit concerns over toxic emissions persist. Mining, both underground and surface, supports its supply chain amidst Industry 4.0 advancements. It plays a vital role in global economic trends, particularly in steel production and renewable energy. Additionally, it contributes to electric vehicle production and supports digitalization efforts in the mining industry. Despite challenges, magnesite remains integral to modern industrial processes and the transition towards sustainable practices.

Segment Overview

This report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook 
    • Magnesite-ore
    • Dead burned magnesia
    • Fused magnesia
  • Application Outlook 
    • Refractory
    • Fillers and binders and others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Argentina
      • Brazil

Magnesite Market Scope

Report Coverage

Details

Page number

158

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.48%

Market growth 2023-2027

USD 2.86 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

5.09

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 59%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Compagnie Financiere et de Participations Roullier, Galaxy Enterprise, GRECIAN-MAGNESITE SA, Haicheng Magnesite-Group Co. Ltd, IBAR Group, Iranian Refractories Procurement and Production Co., Konoshima Chemical Co. Ltd., Korab Resources Ltd., Kumas Manyezit Sanayi A S, MGX Minerals Inc., PD Refractories GmbH, Premier Magnesia LLC, Refratechnik Holding GmbH, RHI Magnesita GmbH, SCR Sibelco NV, Sri Ponkumar Magnesite-Mines, TANMAG, and Tomra Systems ASA

Market dynamics

Market growth and trends, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
  • Precise estimation of the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Market growth analysis across APAC, Europe, North America, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Market forecasting of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global magnesite market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global magnesite market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Magnesite ore - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Magnesite ore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Magnesite ore - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Magnesite ore - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Magnesite ore - Year-over-year growth 2022-2027 (%)
    • 6.4 Dead burned magnesia - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Dead burned magnesia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Dead burned magnesia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Dead burned magnesia - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Dead burned magnesia - Year-over-year growth 2022-2027 (%)
    • 6.5 Fused magnesia - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Fused magnesia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Fused magnesia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Fused magnesia - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Fused magnesia - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product ($ million)
      • Exhibit 47: Data Table on Market opportunity by Product ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 48: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 50: Chart on Comparison by Application
      • Exhibit 51: Data Table on Comparison by Application
    • 7.3 Refractory - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Refractory - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Refractory - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Refractory - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Refractory - Year-over-year growth 2022-2027 (%)
    • 7.4 Fillers and binders and others - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Fillers and binders and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Fillers and binders and others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Fillers and binders and others - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Fillers and binders and others - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Application
      • Exhibit 60: Market opportunity by Application ($ million)
      • Exhibit 61: Data Table on Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 103: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Almora Magnesite Ltd.
              • Exhibit 115: Almora Magnesite Ltd. - Overview
              • Exhibit 116: Almora Magnesite Ltd. - Product / Service
              • Exhibit 117: Almora Magnesite Ltd. - Key offerings
            • 12.4 Compagnie Financiere et de Participations Roullier
              • Exhibit 118: Compagnie Financiere et de Participations Roullier - Overview
              • Exhibit 119: Compagnie Financiere et de Participations Roullier - Product / Service
              • Exhibit 120: Compagnie Financiere et de Participations Roullier - Key offerings
            • 12.5 GRECIAN MAGNESITE SA
              • Exhibit 121: GRECIAN MAGNESITE SA - Overview
              • Exhibit 122: GRECIAN MAGNESITE SA - Product / Service
              • Exhibit 123: GRECIAN MAGNESITE SA - Key offerings
            • 12.6 Haicheng Magnesite Group Co. Ltd
              • Exhibit 124: Haicheng Magnesite Group Co. Ltd - Overview
              • Exhibit 125: Haicheng Magnesite Group Co. Ltd - Product / Service
              • Exhibit 126: Haicheng Magnesite Group Co. Ltd - Key offerings
            • 12.7 IBAR Group
              • Exhibit 127: IBAR Group - Overview
              • Exhibit 128: IBAR Group - Product / Service
              • Exhibit 129: IBAR Group - Key offerings
            • 12.8 Iranian Refractories Procurement and Production Co.
              • Exhibit 130: Iranian Refractories Procurement and Production Co. - Overview
              • Exhibit 131: Iranian Refractories Procurement and Production Co. - Product / Service
              • Exhibit 132: Iranian Refractories Procurement and Production Co. - Key offerings
            • 12.9 Korab Resources Ltd.
              • Exhibit 133: Korab Resources Ltd. - Overview
              • Exhibit 134: Korab Resources Ltd. - Product / Service
              • Exhibit 135: Korab Resources Ltd. - Key offerings
            • 12.10 Kumas Manyezit Sanayi A S
              • Exhibit 136: Kumas Manyezit Sanayi A S - Overview
              • Exhibit 137: Kumas Manyezit Sanayi A S - Product / Service
              • Exhibit 138: Kumas Manyezit Sanayi A S - Key offerings
            • 12.11 MGX Minerals Inc.
              • Exhibit 139: MGX Minerals Inc. - Overview
              • Exhibit 140: MGX Minerals Inc. - Product / Service
              • Exhibit 141: MGX Minerals Inc. - Key offerings
            • 12.12 PD Refractories GmbH
              • Exhibit 142: PD Refractories GmbH - Overview
              • Exhibit 143: PD Refractories GmbH - Product / Service
              • Exhibit 144: PD Refractories GmbH - Key offerings
            • 12.13 Premier Magnesia LLC
              • Exhibit 145: Premier Magnesia LLC - Overview
              • Exhibit 146: Premier Magnesia LLC - Product / Service
              • Exhibit 147: Premier Magnesia LLC - Key offerings
            • 12.14 Ramakrishna Magnesite Mines
              • Exhibit 148: Ramakrishna Magnesite Mines - Overview
              • Exhibit 149: Ramakrishna Magnesite Mines - Product / Service
              • Exhibit 150: Ramakrishna Magnesite Mines - Key offerings
            • 12.15 Refratechnik Holding GmbH
              • Exhibit 151: Refratechnik Holding GmbH - Overview
              • Exhibit 152: Refratechnik Holding GmbH - Product / Service
              • Exhibit 153: Refratechnik Holding GmbH - Key offerings
            • 12.16 RHI Magnesita GmbH
              • Exhibit 154: RHI Magnesita GmbH - Overview
              • Exhibit 155: RHI Magnesita GmbH - Business segments
              • Exhibit 156: RHI Magnesita GmbH - Key news
              • Exhibit 157: RHI Magnesita GmbH - Key offerings
              • Exhibit 158: RHI Magnesita GmbH - Segment focus
            • 12.17 Sri Ponkumar Magnesite Mines
              • Exhibit 159: Sri Ponkumar Magnesite Mines - Overview
              • Exhibit 160: Sri Ponkumar Magnesite Mines - Product / Service
              • Exhibit 161: Sri Ponkumar Magnesite Mines - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 162: Inclusions checklist
                • Exhibit 163: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 164: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 165: Research methodology
                • Exhibit 166: Validation techniques employed for market sizing
                • Exhibit 167: Information sources
              • 13.5 List of abbreviations
                • Exhibit 168: List of abbreviations
              • in crude oil prices: The volatility of crude oil prices is one of the key challenges in the global commodity chemicals market. The volatility of crude oil prices impacts the pricing strategies and margins of adhesives, sealants, lubricants, oilfield cleaners, polymers, as well as plastic additives. The margins of the commodity chemicals are inherently dependent on the global prices of crude oil, which is one of the key raw materials. Any volatility in the prices of crude oil causes uncertainty in end-use markets and eventually influences the margins of all the key stakeholders, including the vendors in the global commodity chemicals market. These fluctuations adversely affect the profitability, cost of sales, and the ability of vendors to effectively address the demands of consumers.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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