According to a market report by Lucintel, the future of the global synthetic magnetite market looks promising with opportunities in the paint and coating, printing ink, and construction markets. The global synthetic magnetite market is expected to reach an estimated $695 million by 2030 from $493.7 billion 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.
Browse 60 figures / charts and 44 tables in this 114 –page report to understand trends, opportunity and forecast in synthetic magnetite market to 2030 by end use (paint and coatings, printing ink, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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.
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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.
Pittsburgh, Lanxess, Cathay, Zhejiang Huayuan, Cosmo 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 [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard
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Lucintel
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