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Global Pyrite Market: By Type: Pyrite Cube, Rainbow Pyrite, Pyrite Sun, Cathedral Pyrite, Dollar Pyrite, Pyritohedron, Others; By End Use: Consumer Goods, Chemical, Paper, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Pyrite Market Outlook
The global pyrite market is being aided by the rising sulphuric acid market. The global sulphuric acid market reached a volume of 251.22 million metric tons in 2020. The sulphuric acid industry is further expected to grow at a CAGR of 1.3% in the forecast period of 2021-2026 to reach a volume of around 267.98 million metric tons by 2026.
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The Asia Pacific to Emerge as a Major Regional Market for the Pyrite Industry
The global market for pyrite to be significantly aided by the growth of the industry in the Asia Pacific. The increased demand for low-cost minerals in the manufacture of sulphuric acid and jewellery is propelling the growth of the pyrite industry in China. Moreover, the Asia Pacific is a major region in the global market due to the rising demand for the product from the developing economies of the region like China and India. The sales of pyrite in Latin America and the Middle East and Africa is also growing due to the development of end-use industries in these regions, such as the paper and chemical industries.
Pyrite: Industry Definition and Segmentation
Pyrite is a natural mineral found in a variety of geological formations, ranging from sedimentary to hydrothermal veins and as a constituent of metamorphic rocks. In addition, pyrite is mined in vein and carbonate rock layers. It is also extracted from large deposits of chalcopyrite and sphalerite. Chemically, pyrite is a sulphide of iron. It is one of the most common minerals. It is generally referred to as 'Fool's Gold,' because of its close resemblance to gold.
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Based on type, the industry can be divided into the following segments:
- Pyrite Cube
- Rainbow Pyrite
- Pyrite Sun
- Cathedral Pyrite
- Dollar Pyrite
- Pyritohedron
- Others
By end use, the industry can be segmented as follows:
- Consumer Goods
- Chemical
- Paper
- Others
The regional markets for pyrite can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Jewellery Industry to Bolster the Market Growth of Pyrite
The market for pyrite was driven primarily by the growing industries of jewellery and sulphur compounds. Pyrite is used in jewellery items, including beads and cabochon necklace. The growing demand for pyrite in the production of sulphuric acid and sulphur dioxide has been driving the market in the recent years. In the grinding industry, pyrite is used as a filler for grinding wheels and brake liners. It is also used to increase the thermal conductivity in friction segments. Pyrite helps to change the coefficient of friction in the brake pads. In the electronics industry, pyrite is often used as a semiconductor material and as an electrode for lithium-ion batteries. It is used in the production of paper in the paper and pulp industries. Pyrite, as an iron ore, is among the biggest market opportunities if the current iron ore becomes scarce. In addition, pyrite is also considered to be a probable substitute in photovoltaic solar panels because it is cheap and abundant in nature. These factors are expected to lead to a heightened demand for pyrite in the coming years and are expected to propel the market growth in the forecast period.
Key Industry Players in the Global Pyrite Market
The report gives a detailed analysis of the following key players in the global pyrite market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Veneta Mineraria S.p.a.
- Hickman, Williams & Company
- Justo Gems S.A.C.
- Foshan Pyrite Mineral Materials Co.,Ltd.
- Pakistan Minerals Company
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Pyrite Market Analysis
8.1 Key Industry Highlights
8.2 Global Pyrite Historical Market (2016-2020)
8.3 Global Pyrite Market Forecast (2021-2026)
8.4 Global Pyrite Market by Type
8.4.1 Pyrite Cube
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Rainbow Pyrite
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Pyrite Sun
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 Cathedral Pyrite
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2016-2020)
8.4.4.3 Forecast Trend (2021-2026)
8.4.5 Dollar Pyrite
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2016-2020)
8.4.5.3 Forecast Trend (2021-2026)
8.4.6 Pyritohedron
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2016-2020)
8.4.6.3 Forecast Trend (2021-2026)
8.4.7 Others
8.5 Global Pyrite Market by End Use
8.5.1 Consumer Goods
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Chemical
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Paper
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Others
8.6 Global Pyrite Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Veneta Mineraria S.p.a.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Hickman, Williams & Company
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Justo Gems S.A.C.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Foshan Pyrite Mineral Materials Co.,Ltd.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Pakistan Minerals Company
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Pyrite Market: Key Industry Highlights, 2016 and 2026
2. Global Pyrite Historical Market: Breakup by Type (Million Metric Tons), 2016-2020
3. Global Pyrite Market Forecast: Breakup by Type (Million Metric Tons), 2021-2026
4. Global Pyrite Historical Market: Breakup by End Use (Million Metric Tons), 2016-2020
5. Global Pyrite Market Forecast: Breakup by End Use (Million Metric Tons), 2021-2026
6. Global Pyrite Historical Market: Breakup by Region (Million Metric Tons), 2016-2020
7. Global Pyrite Market Forecast: Breakup by Region (Million Metric Tons), 2021-2026
8. North America Pyrite Historical Market: Breakup by Country (Million Metric Tons), 2016-2020
9. North America Pyrite Market Forecast: Breakup by Country (Million Metric Tons), 2021-2026
10. Europe Pyrite Historical Market: Breakup by Country (Million Metric Tons), 2016-2020
11. Europe Pyrite Market Forecast: Breakup by Country (Million Metric Tons), 2021-2026
12. Asia Pacific Pyrite Historical Market: Breakup by Country (Million Metric Tons), 2016-2020
13. Asia Pacific Pyrite Market Forecast: Breakup by Country (Million Metric Tons), 2021-2026
14. Latin America Pyrite Historical Market: Breakup by Country (Million Metric Tons), 2016-2020
15. Latin America Pyrite Market Forecast: Breakup by Country (Million Metric Tons), 2021-2026
16. Middle East and Africa Pyrite Historical Market: Breakup by Country (Million Metric Tons), 2016-2020
17. Middle East and Africa Pyrite Market Forecast: Breakup by Country (Million Metric Tons), 2021-2026
18. Global Pyrite Market Structure
Key Questions Answered in the Report
The global pyrite market is being supported by the rising sulphuric acid market, which attained a volume of 251.22 million metric tons in 2020.
The sulphuric acid market is projected to grow at a CAGR of 1.3% between 2021 and 2026 and is expected to continue to support the growth of the pyrite industry.
The market is estimated to reach about USD 267.98 billion by 2026 and is projected to aid the growth of the pyrite industry.
The market growth is being driven by factors like rising population, growing disposable income of the consumers, and the rising demand from the jewellery, electronics, chemical intermediates, and paper industries.
The product is used as a substitute for photovoltaic solar panels because it is cheap and abundant in nature, which is expected to be an important industry trend informing the growth of the market in the coming years.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of pyrite in the market are pyrite cube, rainbow pyrite, pyrite sun, cathedral pyrite, dollar pyrite, and pyritohedron, among others.
The major end use sectors of pyrite in the industry are consumer goods, chemical, and paper, among others.
The major players in the industry are Veneta Mineraria S.p.a., Hickman, Williams & Company, Justo Gems S.A.C., Foshan Pyrite Mineral Materials Co.,Ltd., and Pakistan Minerals Company, among others.
Analyst Review
The global pyrite market is being driven by the rising sulphuric acid industry, which reached a volume of 251.22 million metric tons in 2020. Aided by the rising demand for chemical intermediates, the sulphuric acid market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 1.3%. The sulphuric acid market is projected to reach 267.98 million metric tons by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of type, the market is segmented into pyrite cube, rainbow pyrite, pyrite sun, cathedral pyrite, dollar pyrite, and pyritohedron, among others. Based on end use, the industry is divided into consumer goods, chemical, and paper, among others. The major regional markets for pyrite are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Veneta Mineraria S.p.a., Hickman, Williams & Company, Justo Gems S.A.C., Foshan Pyrite Mineral Materials Co.,Ltd., and Pakistan Minerals Company, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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