© 2016 Global Market Insights. All Rights Reserved Magnetite Market ( ): Competitive Market Share & Forecast Magnetite Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China, Japan, India, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

© 2016 Global Market Insights. All Rights Reserved Magnetite Market size is expecting surge in demand over the forecasted period owing to its wide usage in steel making and various industries. It is a mineral and one of the main iron ore used as catalyst for industrial synthesis of ammonia. Product even occurs in sedimentary rocks, lake and marine sediments, due to its high iron content its usage in blast furnaces and steel conversion has significantly increased. Magnetite Market: Asia Pacific, led by China, India and Japan are major producer of steel worldwide. China accounts for over 45% of world’s total steel production. Chemical Industry is expected to register over 3% CAGR by The product is widely used in magnetic recording, it is to store data on a magnetized medium using different patterns in the form of non-volatile memory. Additionally, it is often mixed with a liquid to produce thick, high density slurry that is used for specific gravity separations. Increasing usage of the substance in the chemical industry will significantly uplift magnetite market size. Global Market Scenario of Magnetite

© 2016 Global Market Insights. All Rights Reserved Product Analysis:- Product has enormous health benefits that subsequently elevated it demand worldwide. In ancient time, it was highly used as healing agent and in mental health problems. Some of its major application includes its non-toxic characteristic that covers three major meridians of liver, kidney and lung. Its main function is to calm the liver, nerves, improve vision, hearing and relieving asthma. Health advantage of the product boosts the magnetite market. Regional Trends:- Asia Pacific, led by China, India and Japan are major producer of steel worldwide. China accounts for over 45% of world’s total steel production. Economy of China is highly driven by steel industry, emerging infrastructure, construction is influencing the demand of steel and boosting the magnetite market. Japan is amongst the highest exporter and of steel and the country hosts key companies of steel manufacturing including Nippon steel and JFE.

© 2016 Global Market Insights. All Rights Reserved Competitive Trends: Gindalbie Metal, Sgmining, African Minerals, Kompass, Malu, BX Steel, Salasar Minerals and Tisco are major contributors in the global magnetite market. Tisco is implementing an expansion project at the company’s Jamshedpur works to increase its capacity. The expansion aims increase in production capacity and global footprint of the company. The company acquired Natsteel, Millennium Steels and Corus in 2004, 2005 and 2006 respectively. Objective of acquisition was to increase its revenue, capacity and global reach.

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