휘암 시장 예측(-2032년) : 유형, 형상, 용도, 최종 사용자, 지역별 세계 분석

According to Stratistics MRC, the Global Pyroxenite Market is accounted for $0.39 billion in 2025 and is expected to reach $0.56 billion by 2032 growing at a CAGR of 5.2% during the forecast period. Pyroxenite is a dense, coarse-grained ultramafic rock mainly made up of pyroxene, with small amounts of olivine and amphibole. It forms deep in the Earth's mantle through slow cooling of magma, giving it a dark green to black appearance. Its high magnesium and iron content contributes to its heaviness. Pyroxenite is important for studying the composition of the mantle and magmatic activities, often appearing in layered intrusions or as fragments in volcanic basalt. From an industrial perspective, it can serve as a source of metals like chromium and nickel. Its hardness and resilience sometimes allow its use in construction and refractory materials.

According to the Indian Bureau of Mines (IBM), pyroxenite is classified as an ultrabasic rock rich in magnesium silicates. It is increasingly used in sintering and blast furnace operations due to its high MgO content (typically 36-42%) and low silica levels (36-39%), which help reduce fuel rate and improve productivity.

Market Dynamics:

Driver:

Increasing industrial demand for metals

Rising global demand for metals like chromium, nickel, and magnesium is driving the pyroxenite market. As a valuable source of these metals, pyroxenite supports steel production, alloy creation, and diverse chemical applications. Rapid growth in infrastructure, automotive, and manufacturing sectors increases the need for reliable metal supplies, prompting greater mining and processing of pyroxenite. Technological improvements in extraction and refining have enhanced its cost-effectiveness, making it a preferred metal source. Consequently, pyroxenite's significance in meeting industrial metal requirements continues to expand, reinforcing market growth and positioning it as a critical mineral resource for industries dependent on high-quality metals worldwide.

Restraint:

High mining and extraction costs

One major challenge for the pyroxenite market is the high expense of mining and extraction. Deposits are typically located deep underground, necessitating sophisticated machinery, skilled personnel, and energy-intensive processes. Costs associated with drilling, blasting, hauling, and refining are considerable, which may deter smaller players from entering the industry. In addition, variations in fuel prices and labor wages further increase overall expenses. These financial burdens can limit profitability and slow new project developments. Despite pyroxenite's industrial value, the elevated costs of extraction and processing remain a key constraint, restricting broader market growth and investment opportunities for emerging and mid-sized companies.

Opportunity:

Expansion in metal extraction industries

The growing metal extraction industry presents a major opportunity for the pyroxenite market. Rising demand for metals like chromium, nickel, and magnesium in steel, alloy, and chemical production has elevated pyroxenite's importance as a raw material. Technological improvements in extraction and processing make metal recovery from pyroxenite more efficient and economically viable, fostering new mining projects and investments, especially in resource-rich regions. As industries prioritize consistent, high-quality material sources, the adoption of pyroxenite is expected to increase. Therefore, the market is well-positioned to capitalize on the expanding metal extraction sector, benefiting from heightened industrial consumption and the strategic utilization of pyroxenite in global manufacturing processes.

Threat:

Competition from alternative materials

The pyroxenite market faces threats from the presence of alternative materials and substitutes. Sectors that utilize pyroxenite in construction, refractory applications, or metal extraction might opt for other cost-efficient or easily accessible minerals and synthetic products. Examples include synthetic refractory materials or alternate sources of chromium and nickel, which can decrease reliance on pyroxenite. This substitution can hinder market growth and weaken suppliers' negotiation leverage. To stay competitive, companies may need to focus on innovation, quality enhancement, or differentiation strategies. Thus, the availability and adoption of alternative materials challenge pyroxenite producers to sustain demand, preserve market share, and adapt to shifting industrial requirements and preferences.

Covid-19 Impact:

The global pyroxenite market was notably affected by the COVID-19 pandemic, which disrupted production, supply chains, and overall demand. Lockdowns and movement restrictions caused temporary shutdowns of mining and processing units, delaying pyroxenite extraction and distribution. Lower industrial activity in sectors like construction, steel, and refractory materials reduced the consumption of pyroxenite. Cross-border trade disruptions further impacted exports and imports, leading to project delays. Labor shortages and logistical difficulties added to operational costs. Despite this temporary setback, the market has gradually recovered as industrial operations resume, mining investments increase, and demand for pyroxenite in construction, metal production, and refractory applications grows steadily in the post-pandemic period.

The ultramafic pyroxenite segment is expected to be the largest during the forecast period

The ultramafic pyroxenite segment is expected to account for the largest market share during the forecast period due to its high magnesium and iron content, exceeding 90%, and its abundance in minerals like olivine and pyroxenes. This type of pyroxenite is extensively utilized in metallurgical industries, especially for producing ferrochromium and various alloys, owing to its elevated chromium levels. Its widespread occurrence and compatibility with industrial processes make it the material of choice in sectors such as steel production and refractory manufacturing. As a result, ultramafic pyroxenite holds the largest market share, both in terms of quantity and economic value.

The steelmaking flux substitute segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the steelmaking flux substitute segment is predicted to witness the highest growth rate. This surge is attributed to the escalating need for effective fluxing agents in steel manufacturing processes. Pyroxenite plays a crucial role in facilitating impurity removal during smelting, thereby improving steel quality and reducing production expenses. With the expansion of the global steel industry, particularly in developing nations, the demand for efficient and economical fluxing agents such as pyroxenite is on the rise. As a result, this application is leading the pyroxenite market in terms of growth rate.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, contributing around 61% to global revenues in 2024, which amounted to USD 696 million. This substantial share is attributed to the high demand from the iron and steel sector, where pyroxenite is utilized as a fluxing agent to enhance furnace efficiency and lower CO2 emissions. India and China are significant consumers, with India producing 9.2 million tons annually, primarily used in steel plants in Odisha and Karnataka. Furthermore, the rapid growth of infrastructure projects in Southeast Asia increases the need for pyroxenite in construction applications.

Region with highest CAGR:

Over the forecast period, the Middle East and Africa (MEA) region is anticipated to exhibit the highest CAGR. Expansion of the construction and steel sectors, coupled with industrialization efforts, is increasing regional demand. Investments in mining facilities and adoption of advanced extraction technologies are improving pyroxenite production capabilities. Supportive government policies and infrastructure initiatives are further stimulating market growth. Moreover, pyroxenite's application in refractory materials and its role as a flux in steel production are significant contributors to rising consumption. Collectively, these factors position the MEA region as the most rapidly expanding market segment for pyroxenite in the coming years.

Key players in the market

Some of the key players in Pyroxenite Market include Aegis Group, Foskor (Pty) Ltd, Anglo American, Glencore plc, Bharat Mining Company, Imerys S.A., BHP Group Limited, Sibelco Group, Orex Mining Company DMCC, Tata Steel, Jubilee Metals Group, TVI Resource Development, Assmang Proprietary Limited, Tata Ferro Alloys Limited and Northam Platinum Limited.

Key Developments:

In September 2025, Anglo American has signed a definitive agreement with Codelco to execute a joint mine plan for their neighbouring copper operations, Los Bronces and Andina, in Chile. This deal is built on a memorandum of understanding (MoU) signed in February 2025 and has been approved by both companies' board of directors. The transaction is projected to yield a pre-tax net present value increase of at least US$5bn, which will be evenly distributed between AAS and Codelco.

In July 2025, Glencore Plc has security mechanisms as part of its agreement with the owners of the Lindsey oil refinery in northern England that give it a claim on parts of the company if the debt it's owed isn't repaid. Glencore has security mechanisms, including share pledges over various Prax entities, according to people familiar with the matter. That's important as insolvency practitioners move to decide the destiny of one of just five refineries still operating in the UK, and on the verge of shutting down.

In July 2024, Foskor, Minbos contemplate phosphate offtake deal. Minbos Resources has signed a non-binding memorandum of understanding (MoU) with South Africa-based Foskor to test Minbos' phosphate rock for commercial suitability. Foskor owns and operates a phosphoric acid-based fertiliser plant in Richards Bay, South Africa.

Types Covered:

• Ultramafic Pyroxenite
• Layered Intrusion Pyroxenite
• Metamorphosed Pyroxenite
• Accessory Pyroxenite

Forms Covered:

• Raw Pyroxenite
• Processed Pyroxenite

Applications Covered:

• Steelmaking Flux Substitute
• Construction Aggregates
• Architectural Dimension Stone
• Fertilizer Additives
• Refractory Raw Material

End Users Covered:

• Ferrous Metallurgy
• Civil Infrastructure & Construction
• Architectural Design & Interiors
• Agricultural Inputs
• Refractory Manufacturing
• Mining & Exploration

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Pyroxenite Market, By Type

• 5.1 Introduction
• 5.2 Ultramafic Pyroxenite
• 5.3 Layered Intrusion Pyroxenite
• 5.4 Metamorphosed Pyroxenite
• 5.5 Accessory Pyroxenite

6 Global Pyroxenite Market, By Form

• 6.1 Introduction
• 6.2 Raw Pyroxenite
• 6.3 Processed Pyroxenite

7 Global Pyroxenite Market, By Application

• 7.1 Introduction
• 7.2 Steelmaking Flux Substitute
• 7.3 Construction Aggregates
• 7.4 Architectural Dimension Stone
• 7.5 Fertilizer Additives
• 7.6 Refractory Raw Material

8 Global Pyroxenite Market, By End User

• 8.1 Introduction
• 8.2 Ferrous Metallurgy
• 8.3 Civil Infrastructure & Construction
• 8.4 Architectural Design & Interiors
• 8.5 Agricultural Inputs
• 8.6 Refractory Manufacturing
• 8.7 Mining & Exploration

9 Global Pyroxenite Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Aegis Group
• 11.2 Foskor (Pty) Ltd
• 11.3 Anglo American
• 11.4 Glencore plc
• 11.5 Bharat Mining Company
• 11.6 Imerys S.A.
• 11.7 BHP Group Limited
• 11.8 Sibelco Group
• 11.9 Orex Mining Company DMCC
• 11.10 Tata Steel
• 11.11 Jubilee Metals Group
• 11.12 TVI Resource Development
• 11.13 Assmang Proprietary Limited
• 11.14 Tata Ferro Alloys Limited
• 11.15 Northam Platinum Limited