- Pyrite Sun
- Dollar Pyrite
- Pyrite Cube
- Cathedral Pyrite
- Rainbow Pyrite
- Pyritohedron
Pyrite Market size was valued at USD 183.4 million in 2023 and is poised to grow at a CAGR of 4.9% over 2024-2030. 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
2024-2030
Base Year
2023
CAGR
4.90%
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.
North-America Got Significant Share of
Pyrite Market Regional Analysis
The North America pyrite market is poised to grow at 5.0 % CAGR over the forecast period owing to the increasing demand from sulphur compounds, electronics and jewellery in the region in the region. Furthermore, the United States has both pyrite reserves and processing facilities, contributing to its position in the global market.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
- 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
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 size was valued at USD 183.4 million in 2023 and is poised to grow at a CAGR of 4.9% over 2024-2030.
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.
| 1.Executive Summary |
| 2.Global Pyrite Market Introduction |
| 2.1.Global Pyrite Market - Taxonomy |
| 2.2.Global Pyrite Market - Definitions |
| 2.2.1.Type |
| 2.2.2.End User |
| 2.2.3.Geography |
| 2.2.4.Region |
| 3.Global Pyrite Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Pyrite Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Pyrite Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Pyrite Sun |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Dollar Pyrite |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Pyrite Cube |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Cathedral Pyrite |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Rainbow Pyrite |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Pyritohedron |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6.Global Pyrite Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Steel Manufacturing |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Chemical |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Fertilizers |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Jewelry |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Electronics |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Paper & Pulp Industry |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Construction |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Others |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 7.Global Pyrite Market By Geography, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. The Asia Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. MEA |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Rest of MEA |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 8.Global Pyrite Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Pyrite Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Pyrite Sun |
| 9.1.2.Dollar Pyrite |
| 9.1.3.Pyrite Cube |
| 9.1.4.Cathedral Pyrite |
| 9.1.5.Rainbow Pyrite |
| 9.1.6.Pyritohedron |
| 9.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Steel Manufacturing |
| 9.2.2.Chemical |
| 9.2.3.Fertilizers |
| 9.2.4.Jewelry |
| 9.2.5.Electronics |
| 9.2.6.Paper & Pulp Industry |
| 9.2.7.Construction |
| 9.2.8.Others |
| 9.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.North America |
| 9.3.2.Europe |
| 9.3.3.The Asia Pacific |
| 9.3.4.Latin America |
| 9.3.5.MEA |
| 9.3.6.Rest of MEA |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Pyrite Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Pyrite Sun |
| 10.1.2.Dollar Pyrite |
| 10.1.3.Pyrite Cube |
| 10.1.4.Cathedral Pyrite |
| 10.1.5.Rainbow Pyrite |
| 10.1.6.Pyritohedron |
| 10.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Steel Manufacturing |
| 10.2.2.Chemical |
| 10.2.3.Fertilizers |
| 10.2.4.Jewelry |
| 10.2.5.Electronics |
| 10.2.6.Paper & Pulp Industry |
| 10.2.7.Construction |
| 10.2.8.Others |
| 10.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.North America |
| 10.3.2.Europe |
| 10.3.3.The Asia Pacific |
| 10.3.4.Latin America |
| 10.3.5.MEA |
| 10.3.6.Rest of MEA |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Pyrite Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Pyrite Sun |
| 11.1.2.Dollar Pyrite |
| 11.1.3.Pyrite Cube |
| 11.1.4.Cathedral Pyrite |
| 11.1.5.Rainbow Pyrite |
| 11.1.6.Pyritohedron |
| 11.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Steel Manufacturing |
| 11.2.2.Chemical |
| 11.2.3.Fertilizers |
| 11.2.4.Jewelry |
| 11.2.5.Electronics |
| 11.2.6.Paper & Pulp Industry |
| 11.2.7.Construction |
| 11.2.8.Others |
| 11.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.North America |
| 11.3.2.Europe |
| 11.3.3.The Asia Pacific |
| 11.3.4.Latin America |
| 11.3.5.MEA |
| 11.3.6.Rest of MEA |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Pyrite Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Pyrite Sun |
| 12.1.2.Dollar Pyrite |
| 12.1.3.Pyrite Cube |
| 12.1.4.Cathedral Pyrite |
| 12.1.5.Rainbow Pyrite |
| 12.1.6.Pyritohedron |
| 12.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Steel Manufacturing |
| 12.2.2.Chemical |
| 12.2.3.Fertilizers |
| 12.2.4.Jewelry |
| 12.2.5.Electronics |
| 12.2.6.Paper & Pulp Industry |
| 12.2.7.Construction |
| 12.2.8.Others |
| 12.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.North America |
| 12.3.2.Europe |
| 12.3.3.The Asia Pacific |
| 12.3.4.Latin America |
| 12.3.5.MEA |
| 12.3.6.Rest of MEA |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Pyrite Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Pyrite Sun |
| 13.1.2.Dollar Pyrite |
| 13.1.3.Pyrite Cube |
| 13.1.4.Cathedral Pyrite |
| 13.1.5.Rainbow Pyrite |
| 13.1.6.Pyritohedron |
| 13.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Steel Manufacturing |
| 13.2.2.Chemical |
| 13.2.3.Fertilizers |
| 13.2.4.Jewelry |
| 13.2.5.Electronics |
| 13.2.6.Paper & Pulp Industry |
| 13.2.7.Construction |
| 13.2.8.Others |
| 13.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.North America |
| 13.3.2.Europe |
| 13.3.3.The Asia Pacific |
| 13.3.4.Latin America |
| 13.3.5.MEA |
| 13.3.6.Rest of MEA |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Hickman |
| 14.2.2.Williams & Company |
| 14.2.3.Veneta Mineraria S.p.a. |
| 14.2.4.Justo Gems S.A.C. |
| 14.2.5.Washington Mills |
| 14.2.6.Avrupa Minerals Ltd. |
| 14.2.7.Foshan Pyrite Mineral Materials Co., Ltd |
| 14.2.8.Pakistan Minerals Company |
| 14.2.9.Calumite Company, LLC |
| 14.2.10.Luoyang Perfect Trading Co. Ltd |
| 14.2.11.Vulcan Corporation Limited |
| 14.2.12.China Runlong Industry Co., Ltd. |
| 14.2.13.Miller and Company LLC |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- 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