Global Dolomite Market Insights Forecasts to 2032.
- The Global Dolomite Market Size was valued at USD 1.92 Billion in 2022.
- The Market is growing at a CAGR of 7.34% from 2022 to 2032.
- The Worldwide Dolomite Market is expected to reach USD 3.90 Billion by 2032.
- North America is expected to grow the fastest during the forecast period.
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The Global Dolomite Market Size is expected to reach USD 3.90 Billion by 2032, at a CAGR of 7.34% during the forecast period 2022 to 2032.
Dolomite is a transparent anhydrous carbonate mineral, high in magnesium, calcium, and magnesium. It additionally contains some iron levels. It is typically found with limestone deposits and is usually pale or light brown in tint. It is a common mineral, and it is frequently used in many industries. Dolomite is a flexible, non-metallic substance that can be used to make ceramics, composites, glass, and refractory materials. It is also used in protecting the environment, energy conservation, and chemical production. Furthermore, powdered materials constitute an important raw material for the manufacturing of ceramics used in steel products. Dolomite mineral powder is used as a filler in a variety of sectors, which is driving the dolomite market forward. The market demand for dolomite is increasing as coal mining advances in technology, leading to various methods of crystal dolomite extraction. Dolomites, which are utilized in the manufacture of ceramics and glass, have seen market growth as a result of changing interior design preferences. They have a secondary market in agriculture, where they are used for reducing soil acidity and also used as soil conditioners in horticulture, which boosts demand for dolomites on the market and contributes to the market's future growth.
Global Dolomite Market Report Coverage
|Market Size in 2022:||USD 1.92 Bn|
|Forecast Period:||2022 – 2032|
|Forecast Period 2022 – 2032 CAGR:||7.34%|
|022 – 2032 Value Projection:||USD 3.90 Bn|
|Historical Data for:||2020-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||150|
|Segments covered:||By Product, By Application and By Region.|
|Companies Covered:||Lhoist, Omya AG, RHI Magnesita, Sibelco, VARDAR DOLOMITE, Calcinor, CARMEUSE, Essel Mining & Industries Limited (EMIL), Imersys S.A., JFE Mineral & Alloy Company, Ltd., Minerals Technologies Inc., Beihai Group, and Others.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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The numerous applications of dolomite in various industries are projected to drive market expansion during the forecast period. Dolomite is frequently utilized in the construction and building industries. Aggregates manufactured from industrial waste dolomite have very high compression strength and resistance to erosion and other mechanical impacts. To ensure the long life of building structures erected on aggregate foundations and their safe use, dolomite aggregates must meet a variety of criteria and regulations, depending on their intended application. Furthermore, Dolomite is utilized in the pharmaceutical industry because it contains magnesium salts, which are required to manufacture drugs. Dolomite is also used as a supplement for people who are weak in calcium and magnesium. This brings up the major potential for the dolomite market in the pharmaceutical business.
Lead as an impurity in the dolomite mineral may remain in the powder after processing. If such powder is used as a fertilizer ingredient, it may contaminate the soil and cause lead poisoning in humans and animals. Short-term side effects of lead exposure include stomach ache, headache, diarrhea, vomiting, and exhaustion. Learning deficiencies, attention deficit disorder, hyperactive behavior, antisocial behavior, and neurological disorders also have long-term negative effects. As a result, the adverse consequences produced by exposure to contaminated dolomite dust serve as the principal impediment to its use.
By Product Insights
The calcined segment dominates the market with the largest revenue share over the forecast period.
On the basis of product, the global dolomite market is segmented into agglomerated, calcined, and sintered. Among these, the calcined segment is dominating the market with the largest revenue share over the forecast period. Calcined dolomite is used in a variety of applications, including scorifiers and refractory lining protectors in the iron and steel industry, soil conditioners in agriculture, and water treatment in the environmental sector. The steel industry uses calcined dolomite to remove silicon and other impurities such as sulfur from steel during the melting process. High-quality steel is required to ensure minimal remaining unwanted elements and to extend the life of the furnace lining.
The sintered segment is expected to register the fastest growth rate across the forecast period. Sintered is a prominent market product identified for its great heat resistance. It is used to manufacture bricks for the lining of the LD converter. This product is also known as dead-burned dolomite since it is made by burning raw dolomite at extremely high temperatures to make it thick and water-resistant.
By Application Insights
The Iron and Steel segment is witnessing significant CAGR growth over the forecast period.
on the basis of application, the global dolomite market is segmented into construction, agriculture, ceramics and glass, iron and steel, and others. Among these, the iron and steel segment is witnessing significant growth over the forecast period. The substance is used as a refractory material in steelmaking processes such as converter lining, opening hearth furnaces, and electric furnace walls. Dolomite is a natural supply of magnesium oxide (MgO) in addition to its fluxing and sintering properties. Magnesium oxide is an important component in the production of refractory bricks, which are used to line high-temperature furnaces.
The construction segment is expected to register the fastest growth rate across the forecast period. Dolomite is utilized as a construction aggregate because of its high density and surface hardness. Countries across the world are investing in infrastructure like roads, highways, and airports, which is projected to drive product demand over the projection period.
Asia Pacific dominates the market with the largest market share over the forecast period.
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Asia Pacific is dominating the market with the largest market share over the forecast period. China hosts a vast construction sector, and the developments in the infrastructure and residential sectors in the past two years have supported the growth of the construction sector at large, both in terms of volume and value. Office space requirements are rapidly increasing due to increased demand from technology, e-commerce, and banking-financial service industries, leading to the development of new offices in the region.
North America, on the contrary, is expected to grow the fastest during the forecast period. Dolomite demand has increased because of increased steel production and a focus on sustainable agriculture practices in North America. Furthermore, the existence of important competitors, as well as continuing technological improvements in dolomite mining and processing, would help to expand the regional market.
The Middle East & Africa market is expected to register a substantial growth rate during the forecast period. The growth can be allocated to increased government and private sector investments in businesses such as tourism, construction, manufacturing, and food and drinks. Countries in the region are rapidly developing as a result of continued rapid industrialization and urbanization.
List of Key Market Players
- Omya AG
- RHI Magnesita
- VARDAR DOLOMITE
- Essel Mining & Industries Limited (EMIL)
- Imersys S.A.
- JFE Mineral & Alloy Company, Ltd.
- Minerals Technologies Inc.
- Beihai Group
Key Market Developments
- On January 2023, RHI Magnesita acquired majority ownership in Jinan New Emei Industries Co. Ltd., a Chinese refractory manufacturer. RHI Magnesita will be able to expand its product line in steel flow control refractories as well as provide additional manufacturing capacity to improve refractory supply in China and the wider East Asia region as a result of the acquisition.
- On January 2023, SteelAsia Manufacturing Corporation and China BaoWu Steel Group Corporation Limited established a cooperation to build a USD 1.98 billion steel production facility in the Philippines in response to the country's increased infrastructure spending. The factory is expected to produce 3 million tonnes per year.
- On May 2022, Omya, based in Switzerland, purchased the Malaysian and Indonesian distributor Prima Inter-Chem. Omya expands and expands its distribution of ingredients and specialty chemicals in these nations for the food, pharmaceutical, animal feed, and industrial markets. Omya is a global producer of industrial minerals, primarily calcium carbonate, dolomite, and perlite, as well as a global distributor of specialty chemicals.
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Dolomite Market based on the below-mentioned segments:
Dolomite Market, Product Analysis
Dolomite Market, Application Analysis
- Ceramics and Glass
- Iron and Steel
Dolomite Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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