Magnesite Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR45773
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The magnesite market has the potential to grow by USD 1.25 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.24%.

This magnesite market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (refractory and others) and geography (APAC, Europe, North America, South America, and MEA). The magnesite market report also offers information on several market vendors, including Calix Ltd., GRECIAN MAGNESITE SA, IBAR Nordeste, Magnesitas Navarras SA, Magnezit Group, Refratechnik Holding GmbH, and RHI Magnesita GmbH among others.

What will the Magnesite Market Size be in 2021?

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Magnesite Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing demand for refractories from the steel industry is notably driving the magnesite market growth, although factors such as the increasing price of magnesite in China may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the magnesite industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The growing demand for refractories from the steel industry will fuel the growth of the magnesite market size.
  • 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.
  • The rapid industrialization and urbanization in the developed and developing nations present major growth opportunities for iron and steel manufacturers.
  • Steel has wide applicability across the building and construction, automotive and aviation, and oil and gas industries across the globe. 
  • The rapid growth in the steel casting market is expected to increase the demand for refractories (magnesite) during the forecast period, thus driving the growth of the magnesite market.
  • The growth in the automotive industry will drive the magnesite market growth during the forecast period.
  • Magnesium offers several advantages in automotive applications such as a reduction in the overall weight of the vehicle, improvements in the vehicle's handling and turning capabilities as the center of gravity is shifted toward the rear of the car, tuning of magnesium parts that helps in achieving frequencies that reduce vibration and overall noise, higher strength in comparison to steel, and cost-effectiveness.
  • The growth of the automotive industry will generate high demand for magnesite, which is used to produce magnesium.
  • The increase in the number of vehicles, especially cars, is expected to boost the growth of the global magnesite market during the forecast period. 

This magnesite market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Magnesite Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Calix Ltd.
  • GRECIAN MAGNESITE SA
  • IBAR Nordeste
  • Magnesitas Navarras SA
  • Magnezit Group
  • Refratechnik Holding GmbH
  • RHI Magnesita GmbH

 

This statistical study of the magnesite market encompasses successful business strategies deployed by the key vendors. The magnesite market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The magnesite market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Magnesite Market?

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57% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for magnesite in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increasing demand from end-user industries and the abundance of magnesite in the region will facilitate the magnesite market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Magnesite Market?

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The magnesite market share growth by the refractory segment will be significant during the forecast period. The refractory bricks made of magnesite are used for lining steelmaking furnaces. Refractories in the steel industry can withstand high temperatures, resistance to thermal shock, and can, therefore, retain their physical and chemical composition for a long duration. The growth of the construction industry will increase the demand for steel, thereby driving growth in the global magnesite market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the magnesite market size and actionable market insights on post COVID-19 impact on each segment.

 

Magnesite Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.24%

Market growth 2021-2025

$ 1.25 billion

Market structure

Fragmented

YoY growth (%)

4.20

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 57%

Key consumer countries

China, US, Japan, Germany, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Calix Ltd., GRECIAN MAGNESITE SA, IBAR Nordeste, Magnesitas Navarras SA, Magnezit Group, Refratechnik Holding GmbH, and RHI Magnesita GmbH

Market Dynamics

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

Customization purview

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What are the Key Factors Covered in this Magnesite Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive magnesite market growth during the next five years
  • Precise estimation of the magnesite market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the magnesite industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of magnesite market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Refractory - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Calix Ltd.
      • GRECIAN MAGNESITE SA
      • IBAR Nordeste
      • Magnesitas Navarras SA
      • Magnezit Group
      • Refratechnik Holding GmbH
      • RHI Magnesita GmbH

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      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.

      TechnavioINFORMATION 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
      Technavio

      TechnavioDATA 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
      Technavio

      TechnavioREPORT 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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      The magnesite market growth will increase by $9044.00 thousand MT during 2019-2024.
      The magnesite market is expected to grow at a CAGR of 6.26% during 2019-2024.
      Technavio has segmented the magnesite market by application (Refractory and Others) and geographic (APAC, Europe, North America, South America, and MEA).
      Calix Ltd., GRECIAN MAGNESITE SA, Kümas Manyezit Sanayi A.S., Liaoning Jinding Magnesite Group, Magnesitas Navarras SA, Magnezit Group, Metalfer doo, Refratechnik Holding GmbH, RHI Magnesita GmbH, Wancheng Meiye Jituan Youxiangongsi are a few of the key vendors in the magnesite market.
      APAC will register the highest growth rate of 68.22% among the other regions. Therefore, the magnesite market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • Japan
      • India
      • Germany
      The key factors driving the magnesite market growth are:
      • Growing demand for refractories from the steel industry
      The magnesite market vendors should focus on grabbing business opportunities from the refractory segment as it accounted for the largest market share in the base year.
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