According to a new market report published by Lucintel, the future of the olivine market looks promising with opportunities in the foundry molding sand, metallurgical auxiliary material, and high temperature refractory applications. The global olivine market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major growth drivers for this market are increasing usage of olivine for foundry molding sand and high temperature refractory in several industries including construction, steel, and glass manufacturing.
In this market, 30-100 mesh, 100-270 mesh, 270-325 mesh, and others are used in various applications. Lucintel forecasts that 30-100 mesh will remain the largest segment as it is utilized as fillers for various applications like rubber and plastic.
Within this market, foundry molding sand, metallurgical auxiliary material, and high temperature refractory are the major applications of olivine market. Foundry molding sand will remain the largest segment as it possesses various properties, such as high thermal stability and strength that helps in reducing casting defects.
North America is expected to remain the largest region over the forecast period due to increase in demand for foundry molding sand and its growing application in several industries such as steel.
Steinsvik Olivin, Sibelco, Dakduklu Minerals, Thermolith, Eryas, Egamin, Ore-Met, LTC Minerals, and Scangrit are among the major suppliers of olivine.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global olivine market by type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Olivine Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global olivine market by type, application, and region as follows:
Global Olivine Market by Type [Value ($M) Shipment Analysis from 2017 to 2028]:
· 30-100 mesh
· 100-270 mesh
· 270-325 mesh
· Others
Global Olivine Market by Application [Value ($M) Shipment Analysis from 2017 to 2028]:
· Foundry Molding Sand
· Metallurgical Auxiliary Material
· High-Temperature Refractory
· Others
Global Olivine Market by Region [Value ($M) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Olive Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the olivine market by type (30-100 mesh, 100-270 mesh, 270-325 mesh, and others), application (foundry molding sand, metallurgical auxiliary material, high-temperature refractory, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?