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Pyrophyllite Ore Market - By Grade (High, Low), By Application (Refractory, Ceramic, Fiberglass, Fertilizer, Paints), Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Global Forecast, 2023 - 2032
- Report ID: GMI5466
- Published Date: Mar 2023
- Report Format: PDF
Industry Statistics
Pyrophyllite Ore Market size surpassed USD 95 million in 2022 and is anticipated to exhibit more than 6% CAGR from 2023-2032. Increasing application scope in foundries and refractories will drive industry growth.
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Increasing adoption of low expansion minerals in foundries and refractories will positively impact on the pyrophyllite ore business outlook. Given its ability to limit wear and tear on molds as well as machinery in order to handle wet and dry products without the need for calcining, pyrophyllite is ideally deployed in various types of refractories. Due to its low expansion attributes, the mineral expands less on heating in comparison to other refractory materials. It showcases a second expansion-lowering mechanism, hence pyrophyllite-refractory clay combinations potentially offer excellent volume resistance and stability to deformation at high temperatures.
| Report Coverage | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 95 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.2 % |
| 2032 Value Projection: | USD 180 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 172 |
| Tables, Charts & Figures: | 174 |
| Segments covered: | Product, Application, End-Use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Additionally, various derivatives of pyrophyllite are widely used to make foundry washes as they offer lowered bulk density, thermal conductivity, and reversible thermal expansion. Rising adoption of refractory and foundry minerals in the production of fire bricks, mould structures, coatings of fired ceramic bricks, and castables will further augment the pyrophyllite ore industry.
Adverse impacts on human health to restrain pyrophyllite ore market demand
The long-term exposure to pyrophyllite-mixed dust has resulted in the rising burden of pneumoconiosis among miners, and other industrial workers and individuals engaged in artistic carving. The inhalation of high concentrations of pyrophyllite dust (P-dust) may also cause mechanical irritation and discomfort. These factors are likely to restrict the industry expansion.
Rising industrial application scope of high-grade pyrophyllite ore to propel market trends
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The pyrophyllite ore market from the high-grade segment is expected to observe over 6.5% CAGR through 2032. High-grade pyrophyllite ore is extensively used across a gamut of industries as it offers the benefits of low impurities. Some of its prominent applications include refractory, ceramic, pesticides, foundries. fibreglass, fertilizer, plastic, paper, paint, rubber, and cement verticals. The rising adoption of high-quality finely ground pyrophyllite in paints as pigment extenders and suspending agents will also complement the product preference.
Increasing deployment in refractory applications to foster demand for pyrophyllite ore
| Application | Market Share, 2022 (%) |
|---|---|
| Refractory | 23.77% |
| Ceramic | 15.81% |
| Fiberglass | 8.68% |
| Fertilizer | 3.14% |
| Paints | 9.85% |
| Others | 38.76% |
| Total | 100% |
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The refractory application segment is set to record nearly USD 14 million by 2032. The growth can be attributed to the robust ability of pyrophyllite to convert into mullite to further help in producing relatively low-cost refractories. This is mainly because mullite can withstand higher temperature ranges of up to 1,810°C. The increasing number of mineral refractories worldwide has led to the higher adoption of pyrophyllite ore considering its purity, hence making it a vital source for alumina and silica in high temperature formulations. The strong resistance to chemical attacks by multiple silicates and gas oxides will further escalate the pyrophyllite demand in refractory applications, in turn accelerating the market statistics.
Booming demand for fertilizers to boost Asia Pacific industry share
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Asia Pacific pyrophyllite ore market is estimated to reach USD 63 million by 2032 owing to the significantly expanding agriculture sector in the region. Pyrophyllite is extensively popular in the agricultural domain as it acts as a carrier for fertilizers and pesticides. The rapidly expanding population in APAC has led to the significant developments in the agricultural sector to meet the surging food requirements, thereby increasing the demand for fertilizers.
According to NITI Aayog, the total consumption of fertilizers from April to mid December 2022 reached 40.146 Lakh Metric Tonnes (LMT) in India, with production at 32.076 lmt. The growing government support for reinforcing the local manufacturing of fertilizers to reduce the dependency on imports will also influence the regional agricultural growth, thereby driving the industry development.
Competitive landscape of the pyrophyllite ore market
Anand Talc, Jinhae Pyrophyllite, Ohira Co. Ltd, Hankook Mineral Powder Co. Ltd, Minkyung Industrial Co. Ltd., Pt. Gunung Bale, Samirock Company, SKKU Minerals, Shokozan Kogyosho Co. Ltd. are some of the well-known firms operating in the global pyrophyllite ore industry. These product manufacturers and suppliers are actively engaged in supply chain agreements and strategic alliances for gaining competitive benefits over other counterparts.
Impact of the COVID-19 pandemic on the pyrophyllite ore market
The COVID-19 outbreak projected a negative impact on the pyrophyllite ore industry with declining demand across refractories, ceramic, fiberglass and the fertilizer industries. Due to supply chain disruptions, these sectors struggled to manage the daily operational output, consequently limiting the need for raw materials, including pyrophyllite ore. The fast transmission of the virus also compelled several governments to implement strict lockdowns and social distancing norms, forcing the shuttering of processes and operations for pyrophyllite ore production.
This pyrophyllite ore market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Thousand Tons and revenue in USD Million from 2018 to 2032 for the following segments:
By Grade
- High Grade
- Low Grade
By Application
- Refractory
- Ceramic
- Fiberglass
- Fertilizer
- Paints
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Latin America
- Brazil
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia