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Pyrite Market: By Type, By End-User Industries and Region Forecast 2019-2030
Pyrite Market: By Type, By End-User Industries and Region Forecast 2019-2030
Pyrite Market size was valued at US$ 183.4 million in 2023 and is poised to grow at a CAGR of 4.9% from 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 market. Furthermore, the advancement in mining and extraction technologies has positively impacted the 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.
Study Period
2025-2031Base Year
2024CAGR
4.90%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
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.
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
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2023 |
US$ 183.4 million |
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Market CAGR |
4.90% |
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By Type |
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By End User |
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By Region |
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The global pyrite market size was valued at US$ 183.4 million in 2023 and is projected to grow at a CAGR of 4.9% from 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, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Pyrite Sun |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. Steel Manufacturing |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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 ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 9.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 ,2020 - 2024 and Forecast 2025 - 2031 (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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 ,2020 - 2024 and Forecast 2025 - 2031 (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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 ,2020 - 2024 and Forecast 2025 - 2031 (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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 ,2020 - 2024 and Forecast 2025 - 2031 (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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.