Magnesite and Brucite Market Size in 2022, Increasing demand, Growth strategies, Forecast to 2028

Magnesite and Brucite Market The eighth most abundant element in nature, magnesium constitutes 2.4 percent of Earth’s crust. Because of its strong reactivity, it does not occur in the native state, but rather it is found in a wide variety of compounds in seawater, brines, and rocks. Among the ore minerals, the most common are the carbonates dolomite (a compound of magnesium and calcium carbonates, MgCO3·CaCO3) and magnesite (magnesium carbonate, MgCO3). Less common is the hydroxide mineral brucite, Mg(OH)2, and the halide mineral carnallite (a compound of magnesium and potassium chlorides and water, MgCl2·KCl·6H2O). This report mainly covers magnesite and brucite. It has a silvery-white colour and tarnishes slightly in air.
Market Analysis and Insights: Global Magnesite and Brucite Market
Due to the COVID-19 pandemic, the global Magnesite and Brucite market size is estimated to be worth USD 507.2 million in 2022 and is forecast to a readjusted size of USD 641.8 million by 2028 with a CAGR of 4.0% during the review period. Fully considering the economic change by this health crisis, Phanerocrystalline Magnesite accounting for % of the Magnesite and Brucite global market in 2021, is projected to value USD million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Dead-burned Magnesia segment is altered to an % CAGR throughout this forecast period.
China is the largest Magnesite and Brucite market with about 56% market share. Brazil is follower, accounting for about 5% market share.The key manufacturers are GRECIAN MAGNESITE, Calix, Queensland Magnesia, Baymag, RHI Magnesita, Magnezit Group, Ramakrishna Magnesite Mines, Haicheng Magnesite, Liaoning Jinding Magnesite Group, Liaoning Wancheng Magnesium group, Liaoning BeiHai Industries Group, Houying Group, Xiyang Group, Magnezit Group JSC, Russian Mining Chemical, Garrison Minerals, Premier Magnesia, Dandong Jinyuan, Dandong Xinyang, Dandong C.L.M., Dandong Yongfeng, Dandong Xinda, Shanxi Tianbao etc.
In terms of production side, this report researches the Magnesite and Brucite capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Magnesite and Brucite by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Magnesite and Brucite Scope and Segment
Magnesite and Brucite market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Magnesite and Brucite market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

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The Major Players in the Industrial Magnesite and Brucite Market include:

  • Calix
  • Queensland Magnesia
  • Baymag
  • RHI Magnesita
  • Magnezit Group
  • Ramakrishna Magnesite Mines
  • Haicheng Magnesite
  • Liaoning Jinding Magnesite Group
  • Liaoning Wancheng Magnesium group
  • Liaoning BeiHai Industries Group
  • Houying Group
  • Xiyang Group
  • Magnezit Group JSC
  • Russian Mining Chemical
  • Garrison Minerals
  • Premier Magnesia
  • Dandong Jinyuan
  • Dandong Xinyang
  • Dandong C.L.M.
  • Dandong Yongfeng
  • Dandong Xinda
  • Shanxi Tianbao

By Product Types:

  • Phanerocrystalline Magnesite
  • Cryptocrystalline Magnesite

By Applications:

  • Dead-burned Magnesia
  • Caustic-calcined Magnesia
  • Fused or Electrofused Magnesia
  • Others

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Winifred Gerald

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