Dolomite Powder Market Trends, Strategic Insights & Market Share 2032

According to Fortune Business Insights, The global dolomite powder market was valued at USD 25.41 billion in 2019 and is expected to grow to USD 33.44 billion by 2027, reflecting a CAGR of 3.8% during the forecast period. Asia Pacific led the market in 2019, accounting for 24.4% of the global share. In addition, the U.S. dolomite powder market is anticipated to reach USD 7.56 billion by 2027, supported by increasing usage across construction, agriculture, and steel manufacturing industries. The growing use of dolomite in the steel industry is predicted to enable healthy growth of the market, states Fortune Business Insights, in a report, titled “Dolomite Powder Market Size, Share & Industry Analysis, By Type (Calcium Dolomite, and Magnesia Dolomite), By Application (Steel-making, Cement Industry, Agriculture, Glass, Ceramic, Rubber, and Others), and Regional Forecast, 2024-2032.” 

The dolomite powder market report encompasses:

• Wide-ranging assessment of the industry

• Evaluated data of the segments

• Newest trends and insights

• Dominant regions in the world

• Thorough analysis of prominent players

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Inflated Demand from Steel Industry to Foster Growth

The surging steel and iron industry is expected to spur business opportunities for the market during the forecast period. Dolomite is used as a slag flux in the production of steel to remove impurities. Dolomite powder is also used in refractory linings of open-hearth steel furnaces. The increasing demand for dolomite in mini-steel plants for fettling and refractory applications will have an excellent effect on the market. The rising production and consumption of steel is expected to enable speedy expansion of the market. As per the World Steel Association, 98% of the raw materials used to make crude steel are converted to products and by-products. The steel industry’s goal is zero waste. The rising emphasis on steel recycling is likely to generate sales openings for the market. Nonetheless, the increasing construction projects will simultaneously increase the demand for steel, which, in turn, will bode well for the market.

Dolomite powder is an anhydrous carbonate mineral composed of calcium magnesium carbonate. It finds extensive applications in steelmaking, cement production, agriculture, ceramics, glass, rubber, and mining. According to the World Steel Association, global steel production rose from 1,657.9 million tons in 2018 to 1,681.2 million tons in 2019. This steady increase in steel output is a major factor driving the demand for dolomite powder.

Additionally, dolomite is widely used as a substitute for limestone in processes requiring both calcium and magnesium minerals. With its broad utility across multiple industries, the demand for dolomite powder is projected to witness significant growth during the forecast period.

The Report Lists the Main Companies in the Dolomite Powder Market:

• Sibelco (Belgium)

• Minerals Technologies Inc. (U.S.)

• Imerys S.A. (France)

• Beihai Group (China)

• Arihant MinChem

• Omya Group (Switzerland)

• Lhoist Group (Belgium)

• Carmeuse (Belgium)

• Nordkalk Corporation (Finland)

• Longcliffe Quarries Ltd. (U.K.)

Break on Construction Activities to Dampen Market During Coronavirus

The strict regulations concerning the export and import of raw material during the pandemic will dwindle the growth of the market. Moreover, the slowdown of the construction and cement industry will indirectly hamper the demand for dolomite. The lack of distribution from major steel manufacturing countries will subsequently restrict the expansion of the market. For instance, decreased production and export from the major producer of steel, china will have a horrendous effect on the market amid coronavirus

Information Source: https://www.fortunebusinessinsights.com/industry-reports/dolomite-powder-market-101697

Regional Analysis:

Thriving Metal Production to Improve Market in Asia Pacific

The market in Asia Pacific stood at US$ 6.20 Bn in 2019. The growth in the region is attributed to the growing metal and building & construction industry in India and China. The growing application of cement and steel is expected to create demand for the market. The market in Europe is predicted to witness a significant growth rate owing to the increasing demand from the steel & iron and cement industry. The growing utilization of dolomite in glass and ceramics owing to its high rigidity and tensile strength will bolster the healthy growth of the market in the region.

Key Development:

• February 2018, Imerys acquired the calcium carbonates and dolomite business of Vimal Microns Ltd., a key supplier of calcium carbonates in India. This acquisition is expected to strengthen the presence of Imerys in India.

• November 2017, Imerys acquired Brazil-based Micron-Ita, which is a producer of micronized ground calcium carbonates for polymer applications. The acquisition will strengthen the company’s presence in Brazil by opening up its portfolio to new market applications. The business will be integrated with Imerys’ carbonates division which is a part of the energy solutions & specialties business group.