Report : Dolomite Market Forecast to 2028 - COVID-19 Impact and Global Analysis By End-Use Industry (Agriculture, Animal Feed, Ceramics and Glass, Iron and Steel, Construction, and Others)
Wide Range of Dolomite Applications to Escalate Dolomite Market Growth During 2021–2028
According to our latest market study on “Dolomite Market Forecast to 2028 – COVID-19 Impact and Global Analysis – By End-Use Industry (Iron and Steel, Construction, Agriculture, Animal Feed, Ceramics and Glass, and Others),” market is projected to grow from US$ 21,727.97 million in 2020 to US$ 28,558.14 million by 2028; it is expected to grow at a CAGR of 3.7% during 2021–2028. The report highlights key factors driving the market growth and prominent players along with their key developments in the market.
Dolomite, i.e., calcium magnesium carbonate [CaMg(CO3)2], is a primary component of the sedimentary rock known as dolostone. The trigonal crystals of dolomite have rhombohedral geometry, and its characteristics are similar to calcite. Dolomite is used as an alternative to limestone as aggregates / crushed stones in construction applications as its chemical composition is similar to limestone. According to the Observatory of Economic Complexity (OEC), Belgium and the UAE are the largest exporters of dolomite, while the Netherlands, India, China, and Japan are the largest importers of the same.
Dolomite has a wide scope of applications in end-user industries such as construction, iron and steel, ferroalloys, ceramics and glass, agriculture, and animal feed. Its preference and adoption in industries depends on the grade of the rock. Dolomite is a commonly used substance in the construction industry because of its hardness and density. It is used in the manufacturing of bricks, cement, concrete, paving materials, etc. In the iron and steel industry, dolomite is used in three forms—raw dolomite, calcined dolomite, and sintered dolomite. In the iron and steel industry, it is mainly used as a fluxing material for the protection of refractory lining, and as a refractory raw material. Raw dolomite or calcined dolomite is used as a fluxing material. The use of dolomite as a flux has grown, particularly, due to growing concerns regarding contamination. The material is also used as a refractory material in steel factories. According to the Indian Minerals Yearbook 2019, the iron and steel industry was the major consumer of dolomite in 2018–2019, which accounted for 75% (~6,186 thousand tonnes) of the total consumption of dolomite in India. The expanding infrastructure construction and thriving automobile industries are adding to the demand for steel industry offerings. Further, dolomite is used as the host rock for lead, zinc, and copper deposits. Sometimes, it can be used as an oil and gas reservoir rock. When limestone is transformed into dolomite, the dolomitization process results in a minor volume reduction. This can produce a porosity zone in the strata where dolomitization has occurred. Subsurface fluids such as oil and natural gas can be trapped in these pore spaces. Thus, with the growth of various end-user industries, such as construction, iron and steel, and ceramics and glass, the demand for dolomite is also growing.
Beihai Group; Calcinor; Essel Mining & Industries Limited; JFE GROUP; INCA MINING; LHOIST GROUP; Sibelco; RHI Magnesita GmbH; Arihant Min chem; and Omya AG are among well-established players in the dolomite market.
Impact of COVID-19 Pandemic on Dolomite Market
The ongoing COVID-19 pandemic has drastically altered the status of the chemical and materials sector and negatively impacted the growth of the dolomite mining market. The implementation of measures to combat the spread of SARS-CoV-2 has aggravated the situation. Industries such as construction, and iron and steel have been impacted by the sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden shutdown of national and international boundaries. A significant decline in the growth of the several industrial sectors has led to reduced demand for dolomite. The shutdown of mining operations has created a hampered annual production perfromances. The long-term effects of COVID-19 pandemic on the mining industry will depend upon the length of lockdown periods and the ability of the industry players to resurge. As many countries are planning to revive their operations, the demand for dolomite is expected to rise globally in the coming months. The dolomite mining market players are focusing on the availability of supplies and manpower to achieve full operational levels.
The “Global Dolomite Market Analysis to 2028” is a specialized and in-depth study focused on the analysis of the global market trends. The report aims to provide an overview of the dolomite market with detailed market segmentation based on end-use industry and geography. Based on end-use industry, the dolomite market is segmented into iron and steel, construction, agriculture, animal feed, ceramics and glass, and others. Based on geography, the market is segmented into five main regions—North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America.
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