North America Dolomite Market Analysis and Opportunities by 2028
North America Dolomite Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Iron and Steel, Construction, Agriculture, Animal Feed, Ceramics and Glass, and Others)
- Status : Published
- Report Code : TIPRE00025783
- Category : Chemicals and Materials
- No. of Pages : 82
- Available Report Formats :
- Last update date : November 12, 2021
2021 Market Size
US$ 1,724.13 Mn
Base year value
2028 Forecast
US$ 2,099.98 Mn
Projected by 2028
CAGR 2022-2028
2.9 %
Growth rate
Addressable Market
US$ 13,553.12 Mn
(2022-2028)
The dolomite market in North America is expected to grow to US$ 2,099.98 million by 2028 from US$ 1,724.13 million in 2021. The market is estimated to grow at a CAGR of 2.9% from 2021 to 2028.
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. Dolomite is used for acid neutralization in the chemicals industries and stream restoration projects. It is also used as a source of magnesia (MgO), a feed additive for livestock. Dolomite is an important component in animal feed because of its high magnesium and calcium carbonate content. In farming, it is also used as a soil conditioner to neutralize acidity. It helps change the pH of the soil by bringing it to match the plant’s needs, thereby improving the crop yield. In fertilizers, paints & varnishes, dolomite is used as a filler. Dolomite is used in the manufacture of automotive glass, construction glass, fiberglass, etc., for improving the viscosity of the glass melt; it also increases the scratch and chemical resistance of the glass. The growing glass industry in the region contributes to the market growth. 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.
North America is one of the worst affected economies due to the COVID-19 pandemic. The US has the highest number of confirmed cases of COVID-19, compared to Canada and Mexico. The unprecedented rise in number of COVID-19 cases across the US and Canada and the subsequent lockdown of numerous manufacturing facilities in the countries have negatively influenced the growth of the various markets. The significant disruption in manufacturing has had a negative impact on the demand for dolomite in the region. The market for dolomite has been impacted in the region due to distortion in supply chain with limited operational efficiencies. However, the market is reviving on account of significant measures taken by the government such as vaccination drives. With the state of economic recovery, several industrial sectors are strategically planning to invest to maximize revenue. This is expected to provide impetus for the market growth.
With the new features and technologies, companies can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the dolomite market. The North America dolomite market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
North America Dolomite Market Segmentation
North America Dolomite Market – By Application
- Agriculture
- Animal Feed
- Ceramics and Glass
- Iron and Steel
- Construction
- Others
North America Dolomite Market – By Country
- US
- Canada
- Mexico
North America Dolomite Market – Companies Mentioned
- LHOIST GROUP
- Sibelco
- RHI Magnesita GmbH
- JFE GROUP
- Omya AG
- Beihai
North America Dolomite Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,724.13 Million |
| Market Size by 2028 | US$ 2,099.98 Million |
| CAGR (2021 - 2028) | 2.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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