Olivine Powder and Olivine Sand Market
Olivine Powder and Olivine Sand Market Scope:
Industry Analysis, Market Size, Growth, Trends Till
2031
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Olivine Powder and Olivine Sand Market Size and Growth
The Olivine Powder and Olivine Sand market is witnessing growth due to rising demand in refractory and foundry applications. The global market size is estimated at approximately $500 million for olivine products, with a projected CAGR of 5% over the next five years, driven by advancements in material technology and increased industrial usage.
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Companies Covered
(Covid 19 Impact Covered)
◍ Sibelco
◍ Steinsvik Olivin
◍ Eryas
◍ Covia (Unimin)
◍ Olivine India Group
◍ Yucheng Refractory Products
◍ Thermolith SA (Vitruvit)
◍ Ore-Met
◍ Dakduklu Minerals
◍ Egamin
◍ Scangrit
◍ LTC Minerals
The Olivine Powder and Sand market features companies like Sibelco, Steinsvik Olivin, and Covia, which utilize olivine in industrial applications such as refractory materials and steel production. Their innovations and extensive distribution networks drive market growth. Revenue figures include Covia's $600 million and Sibelco's €1.5 billion.
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Market Segmentation
By Application
◍ Foundry Molding Sand
◍ Metallurgical Auxiliary Material
◍ High-temperature Refractory
◍ Others
By Product
◍ 30-100 mesh
◍ 100-270 mesh ◍ 270-325 mesh ◍ Others
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Market Growth
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$ X Billion USD
