Pyrite Market Forecast: 4.0% CAGR Leads to USD 249.2 Mn by 2031

0
896

The global pyrite market, valued at US$ 174.2 million in 2022, is projected to grow at a compound annual growth rate (CAGR) of 4.0% from 2023 to 2031. By the end of 2031, the market is expected to reach US$ 249.2 million, driven by increasing applications across various industries.

The growing demand for pyrite from grinding, paper & pulp, and consumer electronics industries is also fueling the growth of the pyrite market. The growth is influenced from its wide applications in photovoltaic devices, costume jewelry, marcasite jewelry, and semiconductor industry for lithium-ion batteries.

Sales in the pyrite market are expected to receive impetus from the growing demand for pyrite for cost-effective sodium-ion batteries for electric vehicles. Pyrite undergoes the same conversion reaction in sodium-ion batteries as lithium-ion batteries to form iron and sodium sulfide.

Unlock Full Market Insights: Get a Sample Report Now! https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=60300

Pyrite Market – Key Findings of Report

  • Copious applications of sulfur dioxide in the food & beverages industry for preservation, food additive, and refrigerant boost the pyrite market
  • Use of sulfuric acid in the chemical industry in the manufacture of fertilizers, dyes, drugs, pigments, explosives, detergents, and inorganic salts and acids presents lucrative growth opportunities in the pyrite market
  • Commonly called fool's gold, naturally occurring iron disulfide mineral pyrite resembles gold to create value grab opportunities in the pyrite market. Pyrite is used in jewelry making including beads and necklaces. Virtues of healing properties of pyrite accounts for its use in gemstones.
  • Advancements in geological and chemical industries are expanding the pyrite market
  • Increasing demand for pyrite-based devices for photovoltaic systems in residential applications is anticipated to create lucrative opportunities in the pyrite market. This is due to the abundance and non-toxic semiconductor virtues of pyrite for use as an absorber material for deployment of solar photovoltaic panels.
  • Cost advantages of sodium-ion batteries in comparison with lithium-ion batteries coupled with design feature for use as stationary units to store electrical energy to cement market growth
  • Novel applications of pyrite in the solar industry to open new opportunities in the pyrite market.

Pyrite Market – Growth Drivers

  • Extensive demand for pyrite in the production of sulfuric acid and sulfur dioxide that find applications in several end-use industries creates copious opportunities in the pyrite market
  • Increasing applications of lithium-ion batteries in the consumer electronics and automotive sectors due to their virtues of high power capacity, elevated safety, and reduced pollution drive demand for pyrite in the production of lithium-ion batteries

Pyrite Market – Key Players

Some of the key players operating in the pyrite market are:

  • Hickman
  • Washington Mills
  • Foshan Pyrite Minerals Materials Co. Ltd
  • Calumite Company LLC
  • Vulcan Corporation Limited
  • Miller and Company LLC

Explore Our Report for Comprehensive Insights! https://www.transparencymarketresearch.com/pyrite-market.html

The pyrite market is segmented as follows;

Pyrite Market, by End User

  • Foundry
  • Steel
  • Abrasive
  • Glass
  • Battery
  • Paper & Pulp Industry
  • Others (including Chemicals)

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

 

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Transparency Market Research Inc.

CORPORATE HEADQUARTER DOWNTOWN,

1000 N. West Street,

Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Website: https://www.transparencymarketresearch.com    

Rechercher
Commandité
Title of the document
Commandité
ABU STUDENT PACKAGE
Catégories
Lire la suite
Autre
Flip Flops Market Share, Trends, Segmentation, Growth Forecast 2031
The Insight Partners market research Flip Flops Market Size and Share Report | 2031 is now...
Par Stephen Grey 2024-05-24 14:14:46 0 2KB
Autre
Discover How to Obtain ISO 14001 Certification in Dubai
In today’s competitive business landscape, environmental sustainability is a crucial aspect...
Par Clara Smitha 2025-03-18 05:03:11 0 738
Autre
مقابر 6 أكتوبر: تخطيط مميز وخدمات عالية المستوى بافضل الاسعار
تُعد مقابر 6 أكتوبر من أهم المشروعات الحديثة التي تم تنفيذها لتلبية احتياجات المواطنين...
Par Zinab Samy 2025-05-04 12:31:10 0 457
Autre
Mushroom Gummies Smoke Shop Collection – The Ultimate Guide by The 420 King
  Explore Premium Mushroom Gummies in Florida’s Favorite Smoke Shop Looking for...
Par Freya Parker 2025-08-06 22:53:13 0 214
Autre
Navigating AI Ethics: Comprehensive Overview of the AI Governance Market
Download Sample Report...
Par Data Digger 2024-12-17 05:52:40 0 1KB