Pyrophyllite Ore Market size is set to reach USD 180 million by 2032, as per a recent research report announced by Global Market Insights Inc.
Increasing utilization of several pyrophyllite-based raw materials in the ceramics sector will positively impact the pyrophyllite ore industry expansion. The adoption of pyrophyllite in ceramic products helps in improving resistance to thermal shocks, translucence, mechanical properties, as well as chemical resistance. It also offers high dielectric strength whilst promoting the crack-free glazing of finished products. Considering its ability to turn mullite under firing temperatures to offer beneficial technical properties, pyrophyllite acts as a vital component in several ceramic products. Rising usage of pyrophyllite in ceramic items, such as tiles, white ware, sanitary ware, and electrical components will also supplement the Pyrophyllite ore market expansion.
Growing adoption in the construction sector to drive demand for low-grade pyrophyllite ore
The low grade segment is expected to exhibit more than 5.5% CAGR up to 2032 due to the rapidly expanding construction sector worldwide coupled with the rising demand for roofing materials. Low-grade pyrophyllite is added to shingles and roll roofing to limit adhesion during storage and manufacturing for improving the materials’ resistance to weathering. It is also widely employed in the rubber industry as a dusting agent to minimise costs, lubricate molds, whilst preventing surfaces from adhering together during production.
The influx of multiple effective as well as economical techniques to enrich low-grade pyrophyllite ores has increased the product usage in various industrial applications. The rising advances in residential and non-residential building construction worldwide will also fuel the market growth.
Browse key industry insights spread across 172 pages with 144 market data tables & 30 figures & charts from the report, “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”, in detail along with the table of contents:
Growing usage in fiberglass production to anchor industry development
The fiberglass applications is predicted to cross USD 15 million by 2032. Pyrophyllite is extensively used for making fiberglass batches while allowing the removal of sand from the batch, to offer improved batch-to-melt conversion efficiency and reduced conversion energy. It is thus increasingly deployed in fiberglass production as it possesses high chemical stability, low iron oxide, titanium, and alkalis as well as significant alumina content. Rising adoption as a raw material for e-glass fiber yarn to offer low melting temperatures and excellent mechanical properties will further enhance the product demand.
Europe to emerge as a significant consumer of pyrophyllite ore
Europe pyrophyllite ore market is anticipated to exceed USD 50 million by 2032 ascribing to the surging production rate of electric vehicles (EVs) and the rapidly growing automotive sector in the region. Improved pyrophyllite plastic materials are deployed in bumpers and automobile dashboards as they can withstand high mechanical strength. Increasing usage in applications requiring high specific heat and electrical resistance will also positively influence the regional industry growth.
Inorganic strategic initiatives to boost competitive landscape
Some of the leading players in the pyrophyllite ore market include Anand Talc, Ohira Co. Ltd, Jinhae Pyrophyllite, Hankook Mineral Powder Co. Ltd, Pt. Gunung Bale, Samirock Company, SKKU Minerals, Minkyung Industrial Co. Ltd., Hankook Mineral Powder Co. Ltd., and Shokozan Kogyosho Co. Ltd. among others. These companies are constantly implementing several inorganic marketing and growth-based measures to improve their revenue sales while attracting a larger customer base.