TMR_Research_Reports_2017 Pyroxenite Market - Global Industry Analysis 2025 | Page 3

and price drop . This , in turn , is impacting the pyroxenite market as well . In terms of consumption of pyroxenite , China dominates the pyroxenite market in Asia Pacific , due to the rise in consumption of steel , particularly in the construction industry in the country .
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Furthermore , rising investments in the infrastructure and decreased dependence on industrial imports are factors fueling the pyroxenite demand in China . The demand for pyroxenite in the U . S ., Germany , and France is also likely to increase in the next few years , due to rising demand for steel in automotive , pipelines , machinery & equipment , and motor industries in these countries . Steel manufacturers in developing economies in Latin America and Middle East & Africa are entering into partnerships to develop good-quality steel products that would meet the specific needs of different industrial applications .
Major players operating in the global pyroxenite market are Tata Steel , Bharat Mining Company , Foskor ( Pty ) Ltd ., and Vale SA .
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� North America ( U . S . and Canada ) � Latin America ( Mexico , Brazil , Peru , Chile , and others ) � Western Europe ( Germany , U . K ., France , Spain , Italy , Nordic countries , Belgium , Netherlands , and Luxembourg ) � Eastern Europe ( Poland and Russia ) � Asia Pacific ( China , India , Japan , ASEAN , Australia , and New Zealand )