The Global Dolomite Market is projected to reach around US$ 4,337.1 Millions by the end of 2030, in terms of revenue, growing at a CAGR of 5.0% during the forecast period (2023-2030).
Global Dolomite Market: Growth Drivers
Global Dolomite Market: Restraints
High-grade phosphate reserves have begun to diminish worldwide, and consequently, low-grade phosphate rock is now being explored as a potential fertilizer. Low-grade fertilizer is becoming popular in the agriculture sector because of its cost-effectiveness and high availability, which is hampering the dolomite demand in the fertilizer industry. Another constraint to the dolomite market is that it must be activated during the fertilizer manufacturing process, which increases the amount of phosphorous and activates some heavy metals. Metals such as Cd, Cr, Cu, Pb, and Zn are active during the activation process. Impurities present in dolomite fertilizers such as lead (Pb) and arsenic cause several problems for humans after the consumption of arsenic- and lead-rich foods. Long-term exposure to arsenic from drinking water and food can cause cancer and skin lesions. It has also been associated with cardiovascular disease and diabetes. Short-term exposure to lead causes vomiting, diarrhea, headache, stomach ache, and fatigue. Long-term side effects could be learning disabilities, hyperactive disorder, and several neurological disorders. Such side effects could be the major restraints for the dolomite market.
Figure 1. Global Dolomite Market Share (%) in terms of Value, By Region, in 2022
Dolomite market research offers in-depth assessment of current and emerging opportunities in various parts of the world the report's analyst’s focus directly on key proportions and sizes, in the local market. It also provides insight into how market investors take advantage of opportunities, in emerging markets around the world. Moreover, the regulatory landscape will shape the dynamics. The Dolomite market is also analyzed in detail in the report. Analysts highlight the growth momentum of emerging markets. Sales potential in these regions is driven by growing demand across a wide range of end uses industrial sectors. The Asia-Pacific dolomite market has experienced a tremendous boom over the past decade. Chemists involved in regional markets rely on improved dolomite yields. Extensive investigations were conducted in both cases. Areas related to dolomite's catalytic function in various applications
Dolomite Market Report Coverage
|Base Year:||2022||Market Size in 2022:||US$ 2,941.7 Mn|
|Historical Data for:||2018 to 2021||Forecast Period:||2023 to 2030|
|Forecast Period 2023 to 2030 CAGR:||5.0%||2030 Value Projection:||US$ 4,337.1 Mn|
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.
|Restraints & Challenges:||
Dolomite is used as a raw material for various industries such as glass, ceramic, cement, ferroalloys, and fertilizers. A major part of dolomite comes from the mining industry; however, the Covid-19 pandemic has led to the collapse of production lines of mining companies. The pandemic also affected the construction industry worldwide. Other industries such as cement and fertilizers also faced downward growth. The glass and ceramic industries are the two main end users of dolomite, which contribute to the construction sector. The slowdown in the construction and cement industry during the pandemic affected the global dolomite market growth.
Global Dolomite Market: Recent Developments
Figure 2. Global Dolomite Market Share (%) in terms of Value, By End Use, in 2022
Asia Pacific region held a dominant position in the global Dolomite market in 2020, accounting for a 40% share in terms of volume, followed by North America and Europe, respectively.
Global Dolomite Market: By End Use
On the basis of End Use in 2022, the End Use segment has accounted for the largest market share of 59% in terms of value.
Global Dolomite Market: Key Companies
Key Companies 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.
*Definition: Dolomite is a type of limestone, a type of sedimentary rock that contains a high percentage of the mineral dolomite. Calcium magnesium carbonate along with calcite and aragonite dolomite makes up approximately 2% of the earth’s crust. Dolomite crystals are colorless, white, buff-colored, pinkish, or bluish. Granular dolomite is a light to dark gray, tan, or white granular dolomite found in rocks. Dolomite crystals are translucent or nearly opaque, whereas dolomite grains in rocks are translucent or nearly opaque. Dolomite occurs widely as the major constituent of dolostone and dolomite marble. Dolomite-rich rocks in marine sequences originate from petrogenesis (formation of rocks, ingenious rocks). Dolomite is used to make refractory bricks because it contains magnesium metal and magnesia (MgO). Dolostone is often used for limestone in cement and bitumen mixes, as well as a flux in blast furnaces.
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