Magnesite Market Report 2026

The magnesite market size has grown steadily in recent years. It will grow from $12.75 billion in 2025 to $13.21 billion in 2026 at a compound annual growth rate (CAGR) of 3.6%. The growth in the historic period can be attributed to expansion of refractory material usage, growth in steel production activities, increasing demand from chemical industries, development of underground mining operations, availability of surface mining resources.

The magnesite market size is expected to see strong growth in the next few years. It will grow to $16.09 billion in 2030 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to increasing demand for magnesium-based pharmaceuticals, rising focus on environmental remediation applications, expansion of high-temperature industrial processes, growing investments in efficient mining technologies, increasing adoption of value-added magnesite products. Major trends in the forecast period include increasing demand for high-purity magnesia products, rising adoption of advanced calcination technologies, growing use of magnesite in environmental applications, expansion of specialized mining operations, enhanced focus on product quality consistency.

The rising demand in the construction industry is expected to drive the growth of the magnesite market going forward. The construction sector encompasses the creation, maintenance, and repair of infrastructure, as well as residential and non-residential buildings. Magnesite, a mineral composed of magnesium carbonate (MgCO₃), plays an important role in construction. Its applications include industrial floors, building boards, abrasive stones, grinding wheels, phosphate cement mortars, wall stabilization, road construction, drilling muds, ceramic tile production, and as an additive in cement. For instance, in July 2024, data from the U.S. Census Bureau, a U.S.-based government agency, reported that construction spending reached a seasonally adjusted annual rate of $2.16 trillion, up from $2.02 trillion in July 2023, marking a 6.7% year-over-year increase in total construction put in place. Therefore, the expanding construction sector is fueling the growth of the magnesite market during the forecast period.

Major companies in the magnesite mining market are increasingly focusing on introducing mining vibration screen technology to strengthen their competitive position. A mining vibration screen is mechanical equipment that separates and classifies particles of different sizes during mineral processing by applying controlled vibrations across screen decks, improving throughput, screening accuracy, and process efficiency. For instance, in February 2025, GN Separation launched a comprehensive range of new mining vibrating screens designed for diverse mineral processing requirements, including medium linear vibrating screens with adjustable installation angles and modular polyurethane screen plates, large vibrating screens with weld-free high-strength sidewalls and abrasion-resistant coatings, high-frequency vibrating screens with advanced vibration motors for fine separation, and synergistic frequency screens combining linear and electromagnetic vibrations for enhanced self-cleaning and fine particle classification. This post-2023 expansion of vibrating screen offerings reflects tangible innovation in screening solutions, enhancing precision, durability, and operational adaptability across mining operations, although effective integration with existing processing plants and maintenance protocols remains an important consideration.

In October 2023, RHI Magnesita, an Austria-based global supplier specializing in high-grade refractory products, systems, and services, successfully acquired the refractory businesses of the Preiss-Daimler Group (P-D Refractories) based in Germany, Czech Republic, and Slovenia. The financial details of the acquisition remain undisclosed. This strategic move empowers RHI Magnesita to expand its offerings across a wider spectrum of products and services, catering to an extended customer base. P-D Refractories, a Germany-based company known for producing top-quality alumina-based refractories for various industrial applications, boasts a diverse product portfolio featuring magnesite bricks alongside other materials like high-alumina specialties, bauxite, andalusite, silica, and fireclay.

Major companies operating in the magnesite market are Calix Inc., Houying Group, Queensland Magnesia Ltd., Magnezit Group, Grecian Magnesite S.A, Baymag, Haicheng Xiyang Magnesium Ltd, Liaoning BeiHai Industries Group Co. Ltd., Sibelco Australia Limited, Almora Magnesite Ltd., Compagnie Financiere et de Participations Roullier, Galaxy Enterprise, RHI Magnesita GmbH, Magnesita Refratários S.A., Kumas Magnesite Industry Inc., Premier Magnesia LLC, SMZ Jelsava, Magnesite Ore Industries Pvt. Ltd., Premier Periclase Ltd., Bisley International LLC, Aldon Corporation, Chemalloy Co. Inc., Prince Minerals LLC, Magnesia GmbH, Magnesita do Brasil S.A., Korab Resources, Volatus Capital, Magnesitas Navarras S A.

Asia-Pacific was the largest market in the Magnesite market in 2025. The regions covered in the magnesite market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the magnesite market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The Magnesite market includes revenues earned by entities by providing mining services through open-pit operations, soft-rock mining, blast mining, short wall mining, and Coal skimming. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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