According to a market report by Lucintel, the future of the global synthetic magnetite market looks promising with opportunities in the construction, paint and coating, and printing ink industries. The global synthetic magnetite market is expected to reach an estimated $695 million by 2030 from $494 million in 2023 at a CAGR of 5% from 2023 to 2030. The major drivers for this market are increasing penetration in paint and coating, and growing use in biomedical application due to its high magnetic properties.
A more
than 150-page report to understand trends, opportunity and forecast in global synthetic
magnetite market to 2030 by end use industry (construction, paint and coating,
printing ink, and others) and region (North America, Europe, Asia Pacific, and
the Rest of the World).
Within
this market, paint and coating will remain the largest end use industry segment
due to the increasing use of synthetic magnetite for corrosion resistance in
paint and coating.
APAC will
remain the largest segment over the forecast period due to the growing demand
for high grade iron ore and rapid industrialization in the region
Download
sample by clicking on synthetic
magnetite market.
Pittsburgh
Iron Oxides LLC (Pirox), Lanxess AG, Cathay Industries, Zhejiang Huayuan Pigment
Co., Ltd., Cosmo Advanced Materials & Technology Co., Ltd are the major
suppliers in the synthetic
magnetite market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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