Lucintel's latest market report analyzed that olivine provides attractive opportunities in the foundry molding sand, metallurgical auxiliary material, and high temperature refractory applications. The olivine market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, 30-100 mesh is the largest segment by type, whereas foundry molding sand is largest by application.
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Based on type, the olivine market is segmented into 30-100 mesh, 100-270 mesh, 270-325 mesh, and others. The 30-100 mesh segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to as it possess various properties, such as high thermal stability and strength that helps in reducing casting defects.
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The Olivine Market is marked by the presence of several big and small players. Some of the prominent players offering olivine include SteinsvikOlivin, Sibelco, Dakduklu Minerals, Thermolith, Eryas, Egamin, Ore-Met, LTC Minerals, Scangrit.
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