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Pyroxenite Market Intelligence Study for Comprehensive Insights 2017 - 2025
Pyroxenite is an ultrabasic rock that consists of minerals that belong to the pyroxenes group– predominantly, ferromagnesian minerals other than olivine. Ferromagnesian minerals is a commercial source of magnesia coupled with silica, particularly used in metallurgy applications. Pyroxenite is used as a fluxing as well as sintering agent in blast furnace operations, particularly in the steel & iron industry. Pyroxenite offers several benefits over dolomite, which also is used as a fluxing agent in the steel manufacturing process. Pyroxenite aids in increasing the productivity of this process by 4%–5% and helps in reducing the usage of dolomite. In addition, it helps in reducing the coke content, due to its high content of minerals such as magnesium oxide and silica content in an assimilated form. This further reduces the energy consumption and carbon dioxide emissions. Apart from the steel industry, pyroxenite is used in the construction industry, particularly for building the kitchen counter tops, interior decorations, and walls.Based on grade, the pyroxenite market can be bifurcated into Grade-I and Grade-II. Grade-I pyroxenite is composed of the following minerals: MgO (30%–34%), SiO2 (50%–55%), Al2O3 (1%–2%), CaO (
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Pyroxenite Market: Introduction
In terms of value, the global pyroxenite market is expected to reach ~US$ 150 Mn by 2030, expanding at a CAGR of 2% during the forecast period. The increase in demand for pyroxenite in iron and steel production is a major factor driving the global pyroxenite market. Additionally, lower cost of pyroxenite over its substitutes is estimated to fuel the global market during the forecast period.
𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.transparencymarketresearch.com/pyroxenite-market.html
Major Drivers of Pyroxenite Market
The global pyroxenite…
Pyroxenite Market Size, Trends and Key Players Analysis, Forecast 2030
Pyroxenite Market: Introduction
In terms of value, the global pyroxenite market is expected to reach ~US$ 150 Mn by 2030, expanding at a CAGR of 2% during the forecast period. The increase in demand for pyroxenite in iron and steel production is a major factor driving the global pyroxenite market. Additionally, lower cost of pyroxenite over its substitutes is estimated to fuel the global market during the forecast period.
𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.transparencymarketresearch.com/pyroxenite-market.html
Major Drivers of Pyroxenite Market
The global pyroxenite market…