Magnesite Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Magnesium Carbonate Market Share & Price and it is Segmented by Product Type (dead-burned magnesia, fused magnesia, other types), Application (agriculture, chemical, construction, refractory, and other applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The market size and forecasts for magnesite are provided in terms of volume (kilo tons) for all the above segments.

Magnesite Market Size

Compare market size and growth of Magnesite Market with other markets in Chemicals & Materials Industry

Magnesite Market Analysis

The Magnesite Market is expected to register a CAGR of greater than 5% during the forecast period.

  • The impact of the COVID-19 pandemic results in lower mining activities. The shutdown of the mining sector due to social distancing and other factors highly reduced the mineral's production levels, which, as a result, were unable to meet the demand. This factor constrained the overall mining sector and, thus, negatively impacted the overall market in terms of production. However, in the post-COVID-19 recovery, the market will likely grow for the rest of the forecast period, majorly owing to the expansion of the chemical, agriculture, and construction industries worldwide.
  • In the short term, the increasing demand from construction and refractory industries is driving the market growth.
  • However, stringent government regulations imposed on the production of magnesite are responsible for the hindered growth of the market.
  • Using reliable and consistent renewable energy sources for mining provides an opportunity for the market's growth.
  • In addition, Asia-Pacific is likely to dominate the overall market due to rising demand from the construction sector.

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific is expected to dominate the global market owing to China's highly developed construction and chemical sectors, coupled with continuous investments in the region to develop the agriculture segment through the years.
  • A large percentage of magnesite is being used in the refractory industries. Growing steel industry in China, India, and South Korea to open new avenues for the magnesite market over the coming years.
  • The growing construction market in Asia-Pacific is increasing the demand for ceramics from the residential and industrial sectors. Rising road construction activities in developing regions have recently escalated the demand for magnesite.
  • According to the US Geological Survey, China is the leading producer of magnesite worldwide, producing around 21,000 metric tons from mines in 2021. Brazil was the second leading magnesite producer that year, with an estimated two million metric tons production volume. Agriculture (fertilizers), chemical, construction, industrial, and refractory are some of the end-user industries that have been major consumers of magnesite for different applications in the country.
  • In the Asia-Pacific region, even after most of the construction projects' resumption, the construction sector's growth is experiencing slower growth. It is due to the need for more labor, transportation, and supply of raw materials. This factor also became the major reason, constraining the market studies' growth in consumption.
  • Post-COVID-19 recovery, the market is likely to grow for the rest of the forecast period, mainly owing to the expansion of the region's chemical, agriculture, and construction industries.

Magnesite Industry Overview

The magnesite market is partially consolidated, with a few major players dominating a significant portion of the market. Some major companies are Grecian Magnesite, RHI Magnesita GmbH, Sibelco Australia Limited, Magnezit Group, and Baymag, amongst others.

Magnesite Market Leaders

  1. Grecian Magnesite

  2. Sibelco Australia Limited

  3. Baymag

  4. RHI Magnesita GmbH

  5. Magnezit Group

  6. *Disclaimer: Major Players sorted in no particular order
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Magnesite Market News

  • February 2022: Grecian Magnesite announced the renewal of its ISO 9001: 2015 quality management system certification. The ISO 9001:2015 Standard for Quality Management System applies to all their processes, including design development, sales, production, and others.
  • March 2021: Akdeniz Mineral Kaynaklari A.Ş. (AMK), a Turkish subsidiary of Grecian Magnesite S.A., completed the construction of a new mineral processing line.

Magnesite Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Demand from Refractory Industries
    • 4.1.2 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Stringent Government Regulations
    • 4.2.2 Impact of COVID-19
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market in Volume)

  • 5.1 Type
    • 5.1.1 Dead-Burned Magnesia
    • 5.1.2 Fused Magnesia
    • 5.1.3 Other Types
  • 5.2 Application
    • 5.2.1 Agriculture
    • 5.2.2 Chemical
    • 5.2.3 Construction
    • 5.2.4 Refractory
    • 5.2.5 Other Applications
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Merger and Acquisitions, Joint ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Baymag
    • 6.4.2 Calix Inc
    • 6.4.3 Grecian Magnesite
    • 6.4.4 Haicheng Xiyang Magnesium Ltd
    • 6.4.5 Houying Group
    • 6.4.6 Liaoning BeiHai Industries Group Co., Ltd
    • 6.4.7 Magnesitas Navarras S A
    • 6.4.8 Magnezit
    • 6.4.9 RHI Magnesita N.V.
    • 6.4.10 Sibelco Australia Limited
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 The Use of Renewable Energy for Mining Process
**Subject to Availability
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Magnesite Industry Segmentation

Magnesite is a magnesium carbonate mineral with MgCO3 as its chemical formula. Magnesite is used to produce magnesium oxide (MgO), which is further used in the steel industry as a refractory material and as a raw material in the chemical industry. Magnesite is also used as a gem and lapidary stone in small quantities. The market is segmented by type, application, and geography. By product type, the market is segmented into dead-burned magnesia, fused magnesia, and other types. By application, the market is segmented into agriculture, chemical, construction, refractory, and other applications. The report also covers the market size and forecasts for the magnesite market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kilo tons).

Type Dead-Burned Magnesia
Fused Magnesia
Other Types
Application Agriculture
Chemical
Construction
Refractory
Other Applications
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Magnesite Market Research FAQs

What is the current Magnesite Market size?

The Magnesite Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)

Who are the key players in Magnesite Market?

Grecian Magnesite, Sibelco Australia Limited, Baymag, RHI Magnesita GmbH and Magnezit Group are the major companies operating in the Magnesite Market.

Which is the fastest growing region in Magnesite Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Magnesite Market?

In 2025, the Asia Pacific accounts for the largest market share in Magnesite Market.

What years does this Magnesite Market cover?

The report covers the Magnesite Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Magnesite Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

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Magnesite Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)