Press release
Lucintel Forecasts Magnetite Market to Reach $130.8 billion by 2026
According to the recent study the magnetite market is projected to reach an estimated $130.8 billion by 2026, at a CAGR of 5% from 2020 to 2026. Growth in this market is primarily driven by growing demand for high grade iron ore, increasing production of steel in China, growth in building and infrastructure development, and rapid industrialization.Browse 106 figures / charts and 86 tables in this 169 -page report to understand trends, opportunities and forecast in magnetite market by end use industry (iron and steel, medication, and others), product type (natural and synthetic), by region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/magnetite-market.aspx
“Natural magnetite market is expected to remain the largest segment during the forecast period.”
Based on product type, the magnetite market is segmented into natural and synthetic. Lucintel forecasts that the natural magnetite market is expected to remain the largest segment due to increasing production of iron and steel. Synthetic magnetite market is expected to witness the highest growth over the forecast period due to increasing demand for iron oxide pigment in ink and coating application.
“Within the magnetite market, the iron and steel segment is expected to remain the largest end use industry”
Based on end use industry the iron and steel segment is expected to witness the highest growth over the forecast period due to growth in building and construction, automotive production, and rapid industrialization in emerging economies.
“Asia pacific will dominate the magnetite market in near future”
APAC will remain the largest region over the forecast period, as China, India, and Japan are the major producers of steel. Increasing investment in building and infrastructure market by the Chinese government and growth in automotive, shipbuilding, machinery, engineering, and consumer good will drive the demand for iron and steel in the APAC region.
Download Brochure of this report by clicking on https://www.lucintel.com/magnetite-market.aspx
Major players of magnetite market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Rio Tinto, BHP Billiton, Vale S.A., Atlas Iron Limited, Fortescue Metals Group, Cap-Ex Ventures, Labrador Iron Mines, Champion Minerals, Cliffs Natural Resources, and Cathay industries are among the major magnetite providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/magnetite-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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Lucintel, the premier global market research and management consulting firm creates your equation for growth - whether you need to understand market dynamics, identify new opportunities or increase your profitability. Lucintel team of trusted industry experts for materials and manufacturing industries have executed over hundreds of consulting projects for clients, ranging from small, emerging organizations up to multinational companies such as 3M, Audi, BASF, Cytec, DSM, Eastman, GE, Hexcel, Huntsman, Momentive and Sumitomo. To learn how Lucintel can help focus your business development efforts with pragmatic solutions, watch a 3.5-minute short movie at https://www.lucintel.com/imovie/.
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