Pyrite Market: By Type (Pyrite Sun, Dollar Pyrite, Pyrite Cube, Cathedral Pyrite, Rainbow Pyrite, Pyritohedron), End-User Industries (Steel Manufacturing, Chemical, Fertilizers, Jewelry, Electronics, Paper & Pulp Industry, Construction, Others) and Geography

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Pyrite Market is poised to grow at a CAGR of 4.9% over 2023-2029. Pyrite is a mineral with the chemical formula FeS2 composed of Iron and Sulphur and has a metallic appearance resembling gold. Increased use of pyrite in construction due to its attractive appearance and durability in developing countries, drives the demand for the pyrite market. Furthermore, the advancement in mining and extraction technologies has positively impacted the pyrite market. Moreover, the rising demand for sulfuric acid, which is needed to make solar panels and batteries, has surged as the focus on renewable energy sources has grown. As a result, there has been a favorable effect on the demand for the sulphur-containing mineral pyrite. The increased trend for fashionable luxury jewelry and fashion accessories resembling gold has provided opportunities for consumers as well as manufacturers owing to its attractive appearance and affordability.  Additionally, the concepts of the circular economy, sustainability efforts, and waste management programs have sparked interest in pyrite as a potential supply of sulfur for industrial purposes. But, the mining and processing of pyrite can lead to environmental issues, including acid mine drainage, which can contaminate water bodies and harm ecosystems which may hinder the market growth. However, the Ongoing advancements in mining and processing technologies aimed at improving efficiency and sustainability in pyrite extraction and production is anticipated to heighten the market growth.

Pyrite Market Key Development:
  • In November 2021, Leading Swedish mining companies LKAB and Boliden teamed up to explore extracting pyrite concentrate from mining waste at the Boliden Aitik mine to process into fossil-free sulphuric acid.
  • In June 2020, Pyrite Power Private Limited acquired Emami Power Limited from Emami Limited.

Pyrite Market Summary

Study Period


Base Year




Largest Market

North America

Fastest Growing Market

Asia Pacific
Pyrite Market Dynamics

The market is expected to rise owing to the increased use of cubic pyrite. This is the most typical form of pyrite and is characterized by its cubic crystal structure, which often occurs as individual crystals or aggregates. Cubic pyrite is a significant source of sulfur, and sulfuric acid is a vital chemical derived from pyrite. Moreover, cubic pyrite is often associated with iron ore deposits and can be used during the ore processing stage as a source of sulfur. Furthermore, due to its appealing appearance and metallic brilliance, cubic pyrite is a good choice for jewelry and as an ornamental stone. It can occasionally be used in jewelry creation and decorative items in place of more expensive metals like gold.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Pyrite Market Segmentation

By Type
  • Pyrite Sun
  • Dollar Pyrite
  • Pyrite Cube
  • Cathedral Pyrite
  • Rainbow Pyrite
  • Pyritohedron
By End User
  • Steel Manufacturing
  • Chemical
  • Fertilizers
  • Jewelry
  • Electronics
  • Paper & Pulp Industry
  • Construction
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA
  • Rest of MEA

Frequently Asked Questions

The pyrite market is expected to grow at 4.9% CAGR over the forecast period 2023 – 2029.

The increased trend for fashionable jewelry and fashion accessories resembling gold has provided opportunities for consumers as well as manufacturers owing to its attractive appearance and affordability.

Hickman, Williams & Company, Veneta Mineraria S.p.a., Justo Gems S.A.C., Washington Mills, Avrupa Minerals Ltd., Foshan Pyrite Mineral Materials Co., Ltd, Pakistan Minerals Company, Calumite Company, LLC, Luoyang Perfect Trading Co. Ltd, Vulcan Corporation Limited, China Runlong Industry Co., Ltd., Miller and Company LLC are a few companies operating in the pyrite market.

  • Hickman
  • Williams & Company
  • Veneta Mineraria S.p.a.
  • Justo Gems S.A.C.
  • Washington Mills
  • Avrupa Minerals Ltd.
  • Foshan Pyrite Mineral Materials Co., Ltd
  • Pakistan Minerals Company
  • Calumite Company, LLC
  • Luoyang Perfect Trading Co. Ltd
  • Vulcan Corporation Limited
  • China Runlong Industry Co., Ltd.
  • Miller and Company LLC