India Synthetic Magnetite Market
13thJuly 2016 – Navi Mumbai, India: Market reports on India presents the latest report on “India Synthetic Magnetite Market”. Synthetic magnetite is used as a reagent for treatment of water and water purification. India is majorly dependent on imports to fulfil the needs of the end users of synthetic magnetite
The consumption of synthetic magnetite in paints & coatings industry is projected to grow at a CAGR of 3.7% during the forecast period from 2015 to 2021.
Synthetic magnetite is a ferromagnetic pigment, which opposes magnetic movements. INDIA IS ONE OF THE FASTEST-GROWING CONSTRUCTION MARKETS IN THE WORLD.
Synthetic magnetite is manufactured from two processes, namely, Laux process and precipitation process. In 2015, around 98% of the total synthetic magnetite powder used by the toner manufacturers in India was imported from countries, such as Germany, China, Japan, and South Korea.
The India synthetic magnetite market has been segmented into four regions, namely, North, West, South, and East. Major players operating in this market are Lanxess AG (Germany), Huntsman Corporation (U.S), LKAB Minerals (Sweden), and Alpha Chemical (U.S), among others.
Synthetic magnetite is used as a reagent for treatment of water and water purification. India is majorly dependent on imports to fulfill the needs of the end users of synthetic magnetite, as there are a very few domestic manufacturers in India producing synthetic magnetite products.
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