Reports
Global Pyrite Market Size, Share, Trends, Growth, Forecast: By Type: Pyrite Cube, Rainbow Pyrite, Pyrite Sun, Cathedral Pyrite, Dollar Pyrite, Pyritohedron, Others; By End Use: Consumer Goods, Chemical, Paper, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
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 260.37 million metric tons in 2023. The sulphuric acid industry is further expected to grow at a CAGR of 1.1% in the forecast period of 2024-2032 to reach a volume of around 286.16 million metric tons by 2032.
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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: Market 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 market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End Use, Region |
| Breakup by Type | Pyrite Cube, Rainbow Pyrite, Pyrite Sun, Cathedral Pyrite, Dollar Pyrite, Pyritohedron, Others |
| Breakup by End Use | Consumer Goods, Chemical, Paper, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Veneta Mineraria S.p.a., Hickman, Williams & Company, Justo Gems S.A.C., Foshan Pyrite Mineral Materials Co.,Ltd., Pakistan Minerals Company, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Pyrite Market Analysis
8.1 Key Industry Highlights
8.2 Global Pyrite Historical Market (2018-2023)
8.3 Global Pyrite Market Forecast (2024-2032)
8.4 Global Pyrite Market by Type
8.4.1 Pyrite Cube
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Rainbow Pyrite
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Pyrite Sun
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Cathedral Pyrite
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Dollar Pyrite
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Pyritohedron
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global Pyrite Market by End Use
8.5.1 Consumer Goods
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Chemical
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Paper
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Pyrite Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Pyrite Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Pyrite Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Pyrite Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Pyrite Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Pyrite Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Veneta Mineraria S.p.a.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Hickman, Williams & Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Justo Gems S.A.C.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Foshan Pyrite Mineral Materials Co.,Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Pakistan Minerals Company
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Pyrite Market: Key Industry Highlights, 2018 and 2032
2. Global Pyrite Historical Market: Breakup by Type (Million Metric Tons), 2018-2023
3. Global Pyrite Market Forecast: Breakup by Type (Million Metric Tons), 2024-2032
4. Global Pyrite Historical Market: Breakup by End Use (Million Metric Tons), 2018-2023
5. Global Pyrite Market Forecast: Breakup by End Use (Million Metric Tons), 2024-2032
6. Global Pyrite Historical Market: Breakup by Region (Million Metric Tons), 2018-2023
7. Global Pyrite Market Forecast: Breakup by Region (Million Metric Tons), 2024-2032
8. North America Pyrite Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
9. North America Pyrite Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
10. Europe Pyrite Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
11. Europe Pyrite Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
12. Asia Pacific Pyrite Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
13. Asia Pacific Pyrite Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
14. Latin America Pyrite Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
15. Latin America Pyrite Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
16. Middle East and Africa Pyrite Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
17. Middle East and Africa Pyrite Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
18. Global Pyrite Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 260.37 million metric tons.
The market is projected to grow at a CAGR of 1.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around 286.16 million metric tons by 2032.
The market is being driven by growing disposable incomes, the rising demand for pyrite in electronics, chemical intermediates, paper, and electronics applications, and surging population.
The key trends guiding the market include the growing use of pyrite as a substitute for photovoltaic solar panels and the rising demand for pyrite in the production of sulphur dioxide and sulphuric acid.
The major regions in the market 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 various end uses of pyrite include consumer goods, chemical, and paper, among others.
The major players in the market 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 260.37 million metric tons in 2023. Aided by the rising demand for chemical intermediates, the sulphuric acid market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 1.1%. The sulphuric acid market is projected to reach 286.16 million metric tons by 2032.
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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