What Is The Definition Of The Global Dolomite Market?
Dolomite is a type of sedimentary rock composed mainly of the mineral dolomite, which is calcium magnesium carbonate (CaMg(CO3)2). It is used in the production of glass and ceramics and can be found in various geological settings, often forming from limestone through a process called dolomitization.
Dolomite Global Market Report 2024 provides data on the global dolomite market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The dolomite market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Dolomite Market Size Expected To Change, And What Are The Growth Rate Projections?
The dolomite market has grown steadily, rising from $2.25 billion in 2023 to $2.40 billion in 2024, with an annual growth rate of 6.7%. Growth drivers include its use in horticulture, infrastructure investments, magnesium demand, and eco-friendly practices. The market is projected to reach $3.13 billion by 2028 at an annual rate of 6.9%. Contributing factors include demand from construction, steel, and glass industries, urbanization, and infrastructure projects. Trends include mining innovations, sustainable practices, advanced processing, and new dolomite-based products.
Which Drivers Are Accelerating Growth In The Dolomite Market?
The continued growth of the construction industry is expected to drive the demand for dolomite in various applications. The construction industry is benefiting from urbanization, population growth, and infrastructure development, leading to increased use of dolomite in concrete, asphalt, and building products. In February 2023, the UK's Office for National Statistics reported a 5.6% rise in construction output in 2022 compared to the previous year.
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What Are The Core Segments Of The Global Dolomite Market?
The dolomite market covered in this report is segmented –
1) By Product: Calcined Dolomite, Agglomerated Dolomite, Sintered Dolomite
2) By Crystal Type: Planar-E, Planer-S, Non-Planar
3) By End-User Industry: Agriculture, Ceramics And Glass, Cement, Mining And Metallurgy, Pharmaceuticals, Water Treatment, Other End-User Industries
Which Emerging Trends Are Reshaping The Dolomite Market Size?
Companies in the dolomite market are diversifying their product offerings through strategic collaborations to enhance their market presence. In July 2024, Blastr Green Steel, a Norwegian company focused on green steel production, partnered with Lhoist Group, a Belgian producer of dolomite, to supply low-carbon lime and dolime for its steel plant in Finland. This collaboration aims to reduce CO2 emissions during steel production, contributing to Blastr's target of drastically lowering emissions in steel manufacturing.
What Is The Largest Region In The Dolomite Market?
Asia-Pacific was the largest region in the dolomite market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dolomite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
