The global magnesium magnesite and dolomite market are poised to grow at a CAGR of 6.7% during the forecast period, from 2019-2028. This growth can be attributed to the increasing demand for die castings in the automotive and construction industries worldwide, due to their lightweight nature and excellent corrosion resistance properties. The North American region is expected to emerge as the leading player in this market with a share of around 29%, followed by Europe (around 21%), Asia Pacific (18%), and Latin America (17%). The global magnesium magnesite and dolomite market are estimated at US$ 1.5 billion in 2018 which will reach US$ 2 billion by 2028 end.
Magnesium magnesite and dolomite are naturally occurring minerals that have magnesium, oxygen, carbon dioxide (CO₂), and calcium. Magnesite is the primary constituent of this mineral; it contains two atoms of magnesium for every one atom each of oxygen and CO₂. Dolomite has four atoms of magnesium per molecule, as opposed to just two in magnesite. Certain grades contain less than 0.25% by weight-free lime (CaO). The properties such as high hardness level making them suitable for high-temperature applications like die castings which needs a material with good wear resistance properties to withstand abrasion caused by metal or plastic sliding against the mold surface during the manufacturing process.
On the basis of type, the global magnesium magnesite and dolomite market is segmented into magnesium, magnesite, and dolomite.
Magnesium is a chemical element and an alkaline earth metal. Magnesium has the third-highest atomic number of all elements (after hydrogen and helium) in its periodic table, with 12 protons. It is less dense than aluminum but more abundant than sodium or potassium. Magnesium can be found as either magnesium oxide (MgO), which exhibits behavior similar to that of a metal when it undergoes oxidation; or as magnesite (magnesium carbonate MgCO₃). These two minerals are not always differentiable by their appearance; they often have very similar physical qualities such as color, luster, hardness, etc.; moreover, some deposits lack sufficient quantities of one to make commercial extraction feasible.
Magnesite is a magnesium carbonate mineral. It typically occurs as an evaporite, formed by the heat and pressure of overlying sedimentary rock formations - with veins in sandstone often forming from such decomposition processes. The formation process creates thick white seams that can be mined for their raw materials, used to produce cement or magnesia (a type of paint).
It's usually found around geological faults because it forms when rocks are compressed due to tectonic forces which lead to increased temperature and lower pressure; this causes water-soluble minerals like calcite or dolomite within the fault zone to dissolve into solution while insoluble ones like clay, quartz, feldspar, and mica remain behind. If the fault moves, the solution will be able to rise and form a vein.
Dolomite is a sedimentary carbonate mineral that usually occurs in the form of white, gray, or pink limestone. It can be found all over the world and has been mined since ancient times for use as an energy source. Dolomite is a rock that consists of an equal mix of magnesium and calcium carbonate. It can be found throughout the world. Dolomite is magnesium carbonate that contains more than two parts of magnesium for every one part of oxygen.
On the basis of application, the global magnesium magnesite and dolomite market is segmented into die castings, permanent mold casting, sand casting.
The application of magnesium magnesite and dolomite in die castings is to produce metal cast products. This includes alloys, carbon steels, copper-alloyed steel, nickel-iron steel, and zinc alloy casting for automotive applications such as crankshafts and gearboxes.
Magnesium magnesite and dolomite are used for permanent mold casting for their thermal stability and good dielectric properties. It is a type of lead-free bearing metal that offers an alternative to conventional aluminum, copper, or zinc alloys in die castings as well as sand castings.
Magnesium magnesite and dolomite are used in sand casting to a lesser extent than the other two magnesium compounds listed above. However, they still have an important role to play as lubricants for making sure that the grains of sand do not adhere too tightly together or scratch against one another while being poured into molds.
On the basis of region, the global magnesium magnesite and dolomite market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East & Africa. Magnesium magnesite and dolomite consumption in the North American region have been greater than the other regions over the forecast period. This is mainly due to the high production of aluminum in this region. The consumption rate of these metal compounds varies across regions due to different factors such as economic growth in developing countries and many other issues including availability of raw materials etc.
The factors driving the growth are increased requirement for magnesium as a metal additive, growing demand for die-casting alloys from the automotive sector, high-quality characteristics of magnesium materials such as corrosion resistance & low density & melting point, ease of machining that make it a suitable material for manufacturing processes. However, limitations faced by this industry include environmental issues like sludge disposal which may lead to adverse impact on the environment due to the unavailability of landfills within the vicinity. Furthermore, an increase in raw material prices also poses a restraint on the growth of this market.
Up Market Research published a new report titled “Magnesium Magnesite and Dolomite Market research report which is segmented by Types (Magnesium, Magnesite, Dolomite), By Applications (Die Castings, Permanent Mold Castings, Sand Castings), By Players/Companies Australian Magnesium, Avisma-Berezniki, Israel Chemicals, Lunt Manufacturing, Luxfer Group, Magnesium Elektron North America, Magnesium, Meridian Technologies, Nippon Kinzoku, Norsk Hydro, Solikamsk Magnesium Works”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Magnesium Magnesite and Dolomite Market Research Report|
|By Type||Magnesium, Magnesite, Dolomite|
|By Application||Die Castings, Permanent Mold Castings, Sand Castings|
|By Companies||Australian Magnesium, Avisma-Berezniki, Israel Chemicals, Lunt Manufacturing, Luxfer Group, Magnesium Elektron North America, Magnesium, Meridian Technologies, Nippon Kinzoku, Norsk Hydro, Solikamsk Magnesium Works|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||223|
|Number of Tables & Figures||157|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Magnesium, Magnesite, Dolomite and By Application Die Castings, Permanent Mold Castings, Sand Castings.
Some of the companies that are profiled in this report are:
Magnesium Magnesite and Dolomite Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Magnesium Magnesite and Dolomite Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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