The dolomite global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Market Size –
The dolomite market size has grown strongly in recent years. It will grow from $2.25 billion in 2023 to $2.40 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to increased use in horticulture, increased investments in mining infrastructure, growing demand for magnesium compounds, an increased focus on eco-friendly farming, and a growing emphasis on eco-friendly and sustainable construction practices.
The dolomite market size is expected to see strong growth in the next few years. It will grow to $3.13 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing demand in construction, steel production growth, rapid urbanization, the demand for dolomite in glass production, increasing demand for pharmaceuticals, and rising ongoing infrastructure projects. Major trends in the forecast period include advances in mining technology, advanced processing techniques, innovations in dolomite extraction and processing techniques, sustainable mining practices, and the development of new dolomite products.
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Scope Of Dolomite Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Dolomite Market Overview
Market Drivers –
The growing construction industry is anticipated to drive the growth of the dolomite market, as the industry involves planning, designing, and executing building projects across various sectors. Increasing population, urbanization, infrastructure upgrades, and real estate investment drive demand for construction projects, which in turn boosts the use of dolomite in concrete, asphalt, lime production, and building materials. According to the Office for National Statistics, the UK’s construction output in 2022 increased by 5.6% compared to 2021, following a 12.8% rise in 2021. These trends demonstrate the link between construction growth and the increased demand for dolomite.
Market Trends –
Major companies operating in the dolomite market are focusing on diversifying their product offerings through collaborations to enhance their market presence and cater to a broader range of consumer needs. Product offerings through alliances are a strategy for expanding a company’s range of products or services by forming partnerships or alliances with other businesses. For instance, in July 2024, Blastr Green Steel, a Norway-based company focused on producing green steel, partnered with Lhoist Group, a Belgium-based company that produces lime, dolomite, and minerals, to supply low-carbon lime and dolime (dolomitic lime) for its future steel plant in Inkoo, Finland, to significantly reduce Scope 3 emissions in steel production. This collaboration focuses on using Lhoist’s LEVEL|GREEN products, which could lower emissions by up to 50 kg CO2 per tonne of steel produced, helping Blastr achieve its ambitious target of 300 kg CO2 emissions per ton, representing a 90% reduction compared to traditional methods. The partnership will also provide technical support for integrating these materials into the production process and explore establishing a terminal for efficient supply logistics, ultimately contributing to Blastr’s goal of producing 2.5 million metric tons of ultra-low CO steel annually.
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
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Regional Insights –
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.
Key Companies –
Major companies in the market are JFE Mineral & Alloy Company Ltd., CEMEX S.A.B. de C.V., Martin Marietta Materials Inc., Imerys S.A., Sibelco NV, Omya Group, RHI Magnesita N.V., Graymont Inc., Carmeuse, Mississippi Lime Company, Nordkalk Corp., Essel Mining & Industries Limited (EMIL), Alpha Chemika, E. Dillon & Company, The Dolomite Group, Linwood Mining and Minerals Corporation, Lhoist SA, Calcinor S.A., Chirag Minerals, Longcliffe Quarries Ltd., Grupo Calidra
Table of Contents
- Executive Summary
- Dolomite Market Characteristics
- Dolomite Market Trends And Strategies
- Dolomite Market – Macro Economic Scenario
- Global Dolomite Market Size and Growth
………….
- Key Mergers And Acquisitions In The Dolomite Market
- Dolomite Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Dolomite Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Dolomite Market, Segmentation By Crystal Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Dolomite Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……….
Table 74: JFE Mineral & Alloy Company Ltd. Financial Performance
Table 75: CEMEX S.A.B. de C.V. Financial Performance
Table 76: Martin Marietta Materials Inc. Financial Performance
Table 77: Imerys S.A. Financial Performance
Table 78: Sibelco NV Financial Performance
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