Pyrophyllite Ore Market
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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.
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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Pyrophyllite Ore Market size in 2022: | USD 95 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 - 2032 CAGR: | 6.2 |
| 2023 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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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.
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.
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.
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.
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.
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.
By Grade
By Application
By Region:
The market size of pyrophyllite ore reached USD 95 million in 2022 and will grow at a CAGR of 6% through 2032 on account of the rising need for low expansion minerals in foundries and refractories.
Asia Pacific pyrophyllite ore industry is anticipated to record USD 63 million by 2032 due to the significantly expanding agriculture sector in the region.
Anand Talc, Jinhae Pyrophyllite, Ohira Co. Ltd, Hankook Mineral Powder Co. Ltd, Minkyung Industrial Co. Ltd., Pt. Gunung Bale, Samirock Company, and SKKU Minerals are some well-known firms in the market.
High grade pyrophyllite ore market size is expected to record over 6.5% CAGR up to 2032 owing to higher application in ceramic, pesticides, foundries, fibreglass, fertilizer, plastic, paper, and paints.