Global Magnesium Olivine Sand Powder Market Revenue in 2023: $502 Million

Magnesium olivine sand powder is a high-quality refractory material mainly used in the casting industry and can be used as filling sand for lost foam casting and sodium silicate sand core for high manganese steel castings. Magnesium olivine sand powder has advantages such as high-temperature resistance, corrosion resistance, and good chemical stability, which can effectively prevent chemical sand from sticking in castings, making the surface of castings smooth and clear in contour. In addition, magnesium olivine sand powder expands slowly at all temperatures and is less than deformed, without the characteristic of sudden expansion, making castings less prone to sand inclusion defects.

Analysis of the Global Magnesium Olivine Sand Powder Segmentation Market

According to the different particle sizes, magnesium olivine sand powder usually includes types such as 30-100 mesh, 100-270 mesh, and 270-325 mesh. Among them, the application of 100-270 mesh magnesium olivine sand powder is the most widespread, occupying a dominant position in the market. According to our research data, the global sales of 100-270 mesh magnesium olivine sand powder are expected to reach 2694k tons in 2023, accounting for 64.40% of the total sales of magnesium olivine sand powder.

From the perspective of downstream applications, the application of magnesium olivine sand powder involves multiple fields such as casting, metallurgy, and high-temperature materials. Among them, the field of high-temperature refractory materials is the largest downstream application area of magnesium olivine sand powder. Data shows that in 2023, the sales volume of magnesium olivine sand powder in this field is expected to reach 1541.4k tons, accounting for 36.85% of the sales volume.

Global Magnesium Olivine Sand Powder Sales Volume and Sales Volume Share Forecast by Type and Application in 2023

Source: www.globalmarketmonitor.com

Overview of the Development of the Global Magnesium Olivine Sand Powder Market and Analysis of Major Regional Markets

According to our forecast, the total sales volume of the global magnesium olivine sand powder market is expected to reach 4183.3k tons in 2023, with an estimated total market revenue of $502 million. In the future, with the continuous emergence of new technologies and the continuous expansion of application fields, the market for magnesium olivine sand powder will usher in more development opportunities. It is expected that the revenue of the magnesium olivine sand powder market will continue to increase to $566 million by 2025.

From a regional perspective, the Asia-Pacific region is the main consumer market for global olivine sand powder. The data shows that the sales volume of magnesium olivine sand powder in the Asia-Pacific region is expected to reach 1826 million tons in 2023, accounting for 41.46% of the global total sales volume. In the Asia-Pacific market, countries such as China, Japan, and India dominate the production and consumption of magnesium olivine sand powder, mainly driven by their economic growth, rapid development of manufacturing, and continuous strengthening of infrastructure construction. In addition, Europe and North America are also the main markets for magnesium olivine sand powder, and the development of the magnesium olivine sand powder market in these regions is mainly driven by their advanced process technology and strict quality control requirements.