Magnesite Market By Type (Magnesite Ore, Dead Burned Magnesia, Fused Magnesia, And Others) And Application (Construction, Industrial, Chemical, Agriculture, And Others) - Opportunity Analysis And Industry - Global Forecast 2020 To 2025
Overview Magnesite Market is forecast to reach $11.39 billion by 2025, after growing at a CAGR of 5.54% during 2020-2025. The key factors driving magnesite market growth include increased demand for magnesite, particularly in chemical and construction industries and increased the production of different grades worldwide. Magnesite is a mineral with a chemical formula of magnesium carbonate and occurs as veins in and an alteration product of ultramafic rocks, serpentinite and other magnesium-rich rock types in both contact and regional metamorphic terrains. These magnesites are often cryptocrystalline and contain silica in the form of chert or opal. Furthermore, the increase in demand from refractory applications primarily in the iron & steel industries fuel the growth of the market. The report covers Magnesite Market size by type and Applications, Magnesite Market share by top 5 companies and also the market share by start-ups during the forecast period. Report Coverage The repor