Data Bridge Market Research analyses that the pyrite market will witness a CAGR of 6.0% for the forecast period of 2022-2029 and is likely to reach at USD 16,097.8 million by 2029.
Pyrite, also known as iron pyrite or fool’s gold, refers to an iron sulphide mineral. The substance is pale brass yellow coloured and has metallic lustre thus having resemblance with gold. Pyrite is found with other oxides and sulphide in rocks and coal beds.
The growing production of sulfuric acid and sulfur dioxide is the major factor accelerating the growth of the pyrite market in the forecast period of 2022- 2029. Furthermore, low cost and high iron content, and increase in demand for jewelry augmenting are also expected to drive the growth of the pyrite market. However, it releases toxic metalloids and metals that will restrains the pyrite market, whereas, health and environmental hazards will challenge market growth in the forecast period of 2022 to 2029.
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Some of the major players operating in the pyrite market report are ante-Group, Royal Dutch Shell plc, Exxon Mobil Corporation., Cepsa, GSB Chemical Co. Pty. Ltd, Neste, HCS Group GmbH, DHC SOLVENT CHEMIE GMBH, Al Sanea, Merck KGaA, Recochem Corporation., Total, Idemitsu Kosan Co., Ltd, Bharat Petroleum Corporation Limited, Indian Oil Corporation Ltd, Thai Oil Public Company Limited, NewAge Industrial Oil Pvt Ltd., bp p.l.c., Pon Pure Chemicals, Ganga Rasayanie (P) Ltd and Petro-Canada Lubricants Inc., among others.
Scope of the Pyrite Market Report:
The pyrite market is segmented on the basis of type and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the pyrite market is segmented into pyrite sun, dollar, pyrite cube, cathedral pyrite, rainbow pyrite, and pyritohedron.
- On the basis of end use, the pyrite market is segmented into consumer goods, chemical, paper and pulp industry, and others.
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Pyrite Market Regional Analysis/Insights
The Pyrite market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Pyrite market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Pyrite within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Pyrite market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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