Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 36.37 Billion | USD 50.62 Billion | 4.22% | 2022 |
The global dolomite powder market size was worth around USD 36.37 Billion in 2022 and is predicted to grow to around USD 50.62 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.22% between 2023 and 2030. The increasing need for high-quality raw materials across many sectors, together with the wide-ranging uses of dolomite powder, has driven the market for this product to witness significant growth in recent years. The dolomite powder market is expected to continue growing in the years leading up to 2030. Growth in construction, innovations in agriculture, and the development of new uses are all factors that are likely to keep the market growing.
Dolomite is a mineral that is generally found in sediments of the sedimentary rock known as dolostone. Dolomite powder is among the carbonate minerals and is made up of calcium magnesium carbonate. The powder is renowned in the market for its accurate composition, high purity, and ease of dispersion. This powder is primarily utilized as filler in ceramics, paints, detergents, and soaps. It is also used as a fettling, ramming, and refractory material in a steel melting shop.
The global dolomite powder market is growing at a rapid rate. The rise in the use of calcium dolomite in the steel industry, growing use of dolomite powder in the detergent industry, and rapidly growing construction industry demanding for dolomite powder are some of the crucial factors that are fostering the growth of the global market. Further, dolomite powder has a wide range of applications in several industries. It is used to formulate cement & aggregate materials; as a suitable source of magnesia in the chemical processing arena, it is used as a food-grade additive for livestock; in the agriculture sector dolomite acts as a suitable soil conditioner & pH controller; in the chemical arena it is also used to neutralize acid; in the field of metal processing it aids as a sintering & flux factor; and it is used for its excellent purification attributes in iron steel manufacturing arena.
In addition to this, in the healthcare arena, it is used as a calcium supplement and also as a phosphate buffering agent in the hemodialysis process. Owing to such beneficial uses of the dolomite powder, it is been extensively used by numerous industries. This in turn is spurring the growth of the global dolomite powder market. In addition to this, key players involved in the production of dolomite powder to meet the huge demand, increase in key business strategies, and presence of well-established suppliers are also some of the key features that are augmenting the growth of the global market. Furthermore, awareness regarding the beneficial uses of dolomite powder in numerous industries is likely to provide better opportunities for the growth of the global dolomite powder market during the forecast period. However, exposure to contaminated dolomite dust may lead to long-term side-effects such as neurological problems, hyperactive behavior, and many more which may restrain the growth of the global dolomite powder market.
The dolomite powder has several applications in various industries such as cement, steel making, glass industry, ceramic, etc. Most of these end-use industries were severely affected during the COVID-19 pandemic period. Strict lockdown levied by several governments to curb the spread of the infection resulted in a halt on the manufacturing process of many end-use industries. However, the market is expected to bounce back and expected to register healthy growth over the forecast period.
The global dolomite powder market is categorized based on type, application, and region.
Based on the type, the global dolomite powder market is divided into magnesia dolomite and calcium dolomite.
Based on the application, the global market is classified into steel-making, rubber, ceramic, glasses, agriculture, cement industry, and others.
Report Attributes | Report Details |
---|---|
Report Name | Dolomite Powder Market Research Report |
Market Size in 2022 | USD 36.37 Billion |
Market Forecast in 2030 | USD 50.62 Billion |
Growth Rate | CAGR of 4.22% |
Number of Pages | 214 |
Key Companies Covered | Carmeuse Coordination Center SA, Imerys Group, Lhoist Group, SCR-Sibelco NV, Shanghai Hy-Sailing Chemical Tech. Co. Ltd., Nordkalk Corporation, Minerals Technologies Inc., Haicheng Qiahe Talc Powder Factory, Beihai Group, and Arihant MinChem among others. |
Segments Covered | By Type, By Application, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific is expected to remain a large revenue contributor in the global dolomite powder market. The region offers several growth factors for the development of the dolomite powder market. Some of the major factors such as the presence of large end-use industries in emerging countries and rapidly developing countries such as India & China with large glass, cement, and steel making industry are boosting the growth of the market in this region. North America is expected to offer better growth opportunities to the dolomite powder market. Europe is also anticipated to contribute significant revenue in the global Dolomite powder market over the forecast period.
By Type
By Application
By Region
FrequentlyAsked Questions
Dolomite is a mineral that is generally found in sediments of the sedimentary rock known as dolostone. Dolomite powder is among the carbonate minerals and is made up of calcium magnesium carbonate.
The dolomite powder market accounted for USD 36.37 Billion in 2022 and is expected to reach USD 50.62 Billion by 2030.
The CAGR value of the dolomite powder market is expected to be around 4.22% during 2023-2030.
Asia Pacific is expected to remain a large revenue contributor in the global dolomite powder market. The region offers several growth factors for the development of the dolomite powder market.
Some key players of the global dolomite powder market are Carmeuse Coordination Center SA, Imerys Group, Lhoist Group, SCR-Sibelco NV, Shanghai Hy-Sailing Chemical Tech. Co. Ltd., Nordkalk Corporation, Minerals Technologies Inc., Haicheng Qiahe Talc Powder Factory, Beihai Group, and Arihant MinChem among others.
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