by The global Dolomite Market is estimated to be valued at US$ 3088.79 Mn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Dolomite is a magnesium and calcium carbonate mineral. It is mined and processed for various industrial and agricultural uses including construction, cement manufacturing, lime production, magnesium processing, glass and ceramic making, and agriculture. It provides high heat resistance and helps regulate pH balance of soil. Rising infrastructure development has increased the demand for dolomite in construction and cement industries.
Market key trends:
One of the key trends in the dolomite market is its increasing usage in glass and ceramics manufacturing. Dolomite acts as a fluxing agent and helps in lowering the melting point during glass production. It also helps regulate alkalinity and improves mechanical strength in ceramics. The growing demand for glass and ceramic products from construction, packaging, electronics and automotive industries is expected to drive the consumption of dolomite in these end use industries over the forecast period.
Segment Analysis
The global dolomite market is segmented by type, application, and region. Based on type, the dolomite market is classified into calcium dolomite and magnesium dolomite. The calcium dolomite segment dominates the global market and is expected to continue its dominance over the forecast period. Calcium dolomite is a common type of dolomite found abundantly across the globe and finds wide application in industries such as steel making, construction, glass making, and others.
Key Takeaways
The global dolomite market is expected to witness high growth, exhibiting CAGR of 5.0% over the forecast period, due to increasing demand from construction and agriculture industries.
Regional analysis
Asia Pacific dominates the global dolomite market and is expected to continue its dominance over the forecast period. Countries like China, India, and South Korea are the major consumers of dolomite in this region. Abundant availability of dolomite reserves and rapid growth of construction activities in developing economies such as China and India are driving the growth of the dolomite market in Asia Pacific.
North America is another significant region for dolomite market. The US accounts for the largest share in the North American dolomite market due to ample dolomite reserves and growing iron & steel industry.
Key players
Key players operating in the dolomite market are Imerys S.A., Sibelco, RHI Magnesita, Omya Group, JFE minerals, Varbar dolomite, Lhoist Group, Arij Global Trading, Nordkalk Corporation, Beihei Group, Arihant Minchem, and Carmeuse. Imerys S.A. is a prominent player in the global dolomite market with strong distribution network across major end-use industries globally. Sibelco and RHI Magnesita also possess strong production capacities and global presence.
The global dolomite market size was valued at US$ 3088.79 Mn in 2023 and is expected to reach US$ 4624.67 Mn by 2030 growing at a CAGR of 5.0% during the forecast period.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
