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High usage of andalusite in refractories is the primary driver of the global andalusite market
By: RationalStat LLC
The Market and its Dynamics
The market for andalusite around the globe is expected to experience moderate growth of around 5.5% in the next years. Refractories are extensively utilized in blast furnaces during the production of steel because of their distinctive properties, including resistance to high thermal conductivity and temperatures. Additionally, the amazing properties of andalusite like volume stability, low porosity, creep, chemical resistance, high thermal shock and the purity of its high levels allow it to be used for the production of refractories.
The global andalusite market is fragmented in nature with the presence of various players in the market. These players adopt various strategies including mergers and acquisitions, partnerships and collaborations which directly results in propelling the growth of the global andalusite market.
Some of the prominent players operating in the global andalusite market include Andalucita S.A, LKAB Minerals, Andalusite Resources, Resco Products, Recursos Latinos S.A, Rhino Minerals Pty Ltd, Samrec Pty Ltd, Damrec, Picobello Andalucita, Imerys Minerals Refractory Glomel, and Latin Resources Ltd among others.
RationalStat has segmented the global andalusite market on the basis of type, application, and region.
For more information about this report: https://store.rationalstat.com/
Kimberly Shaw, Content and Press Manager
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