The latest report by IMARC Group, titled “Dolomite Mining Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global dolomite mining market is expected to exhibit a CAGR of 4.17% during 2022-2027. Dolomite ((CaMg(CO3)2), also known as dolostone, refers to a translucent mineral that contains small quantities of iron and manganese. It is obtained by mining, which involves extracting dolomite concentrate from its raw ore. The mineral is widely used as a source of magnesium metal and magnesia (MgO), a constituent of refractory bricks. It is also employed to replace limestone as an aggregate for cement and bitumen mixes and as a fluxing material in blast furnaces. Moreover, it is utilized as a filler in fertilizers to enhance crop yield. Since the mineral finds extensive applications across the construction, agriculture, animal feed, iron, steel, and glass industries, the demand for dolomite mining has significantly escalated across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Dolomite Mining Market Trends:
Dolomite is extensively used in manufacturing cement, steel, paints, varnishes, and flooring tiles. As a result, the increasing dolomite applications in the construction sector represent the primary factor driving the market growth. In addition, with the surging food security concerns, there has been widespread adoption of agricultural products, such as dolomite, as a soil conditioner to neutralize acidity and improve the productivity of the soil. Along with this, the growing product adoption in the steel industry as a flux, protective material for refractory lining, and refractory raw material has augmented the demand for dolomite mining. Furthermore, dolomite is gaining traction in water treatment applications to filter potable water, optimize the pH value of purified water, and add natural minerals to the distilled, reverse osmosis (RO) water. In line with this, the implementation of stringent government regulations that mandate water recycling in the industrial sector due to the rising environmental consciousness is positively influencing the market growth. Besides this, the increasing usage of dolomite in producing pipes, boiler coverings, rubbers, papers, leathers, potteries, and high-magnesium limes has propelled the market growth. Other factors, including the surging product adoption as a feed additive for livestock, rising steel production, extensive investments in infrastructure development, rapid industrialization, and technological advancements, are also creating a favorable market outlook.
- Based on the type, the market has been bifurcated into calcined and sintered.
- On the basis of the application, the market has been classified into construction, agriculture, animal feed, ceramics and glass, iron and steel, plastic, and others.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has also been analyzed, with some of the key players being Calcinor S.A., Carmeuse, E. Dillon & Company, Essel Mining & Industries Limited (Aditya Birla Group), Imerys S.A., JFE Mineral Co. Ltd. (JFE Steel), Lhoist Group, Omya AG, RHI Magnesita GmbH, and SCR-Sibelco NV.
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