Dolomite Powder Market Global Demand & Strategic Growth Analysis 2032

The global dolomite powder market size is expected to reach USD 33.44 billion by 2027, exhibiting a CAGR of 3.8% during the forecast period. The growing use of dolomite in the steel industry is predicted to enable healthy growth of the market, states Fortune Business Insights, in a report, titled “Dolomite Powder Market Size, Share & Industry Analysis, By Type (Calcium Dolomite, and Magnesia Dolomite), By Application (Steel-making, Cement Industry, Agriculture, Glass, Ceramic, Rubber, and Others), and Regional Forecast, 2025-2032.” The market size stood at USD 25.41 billion in 2019.

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The Report Lists the Main Companies in the Dolomite Powder Market:

• Sibelco (Belgium)
• Minerals Technologies Inc. (U.S.)
• Imerys S.A. (France)
• Beihai Group (China)
• Arihant MinChem
• Omya Group (Switzerland)
• Lhoist Group (Belgium)
• Carmeuse (Belgium)
• Nordkalk Corporation (Finland)

Market Drivers

1. Rising Construction Activities: Dolomite powder is extensively used as an aggregate in cement and concrete. The booming construction industry, particularly in emerging economies, is a significant driver of market growth.
2. Growing Steel Industry: Dolomite powder is used as a fluxing agent in steel manufacturing. The expansion of the steel industry, driven by infrastructure development and industrialization, is boosting demand.
3. Agricultural Applications: Dolomite powder is utilized to neutralize soil acidity and improve crop yield. The increasing focus on sustainable agriculture practices is contributing to market expansion.
4. Expanding Pharmaceutical Industry: Dolomite is a source of calcium and magnesium, making it a crucial ingredient in pharmaceutical products, dietary supplements, and cosmetics.

Inflated Demand from Steel Industry to Foster Growth

The surging steel and iron industry is expected to spur business opportunities for the market during the forecast period. Dolomite is used as a slag flux in the production of steel to remove impurities. Dolomite powder is also used in refractory linings of open-hearth steel furnaces. The increasing demand for dolomite in mini-steel plants for fettling and refractory applications will have an excellent effect on the market. The rising production and consumption of steel is expected to enable speedy expansion of the market. As per the World Steel Association, 98% of the raw materials used to make crude steel are converted to products and by-products. The steel industry’s goal is zero waste. The rising emphasis on steel recycling is likely to generate sales openings for the market. Nonetheless, the increasing construction projects will simultaneously increase the demand for steel, which, in turn, will bode well for the market.

The dolomite powder market report encompasses:

• Wide-ranging assessment of the industry
• Evaluated data of the segments
• Newest trends and insights
• Dominant regions in the world
• Thorough analysis of prominent players
• Compressive scrutiny of COVID-19 impact

Break on Construction Activities to Dampen Market During Coronavirus

The strict regulations concerning the export and import of raw material during the pandemic will dwindle the growth of the market. Moreover, the slowdown of the construction and cement industry will indirectly hamper the demand for dolomite. The lack of distribution from major steel manufacturing countries will subsequently restrict the expansion of the market. For instance, decreased production and export from the major producer of steel, china will have a horrendous effect on the market amid coronavirus

Future Trends

1. Sustainability Focus: The industry is shifting towards eco-friendly extraction and processing methods to reduce environmental impact.
2. Technological Advancements: Innovations in manufacturing processes are enhancing product quality and efficiency.
3. Rising Demand for High-Quality Dolomite: The growing need for premium-grade dolomite powder in pharmaceuticals and steel industries is shaping market trends.
4. Increased Investment in Infrastructure: Government initiatives worldwide to enhance infrastructure are expected to drive market growth.

Regional Analysis:

Thriving Metal Production to Improve Market in Asia Pacific

The market in Asia Pacific stood at US$ 6.20 Bn in 2019. The growth in the region is attributed to the growing metal and building & construction industry in India and China. The growing application of cement and steel is expected to create demand for the market. The market in Europe is predicted to witness a significant growth rate owing to the increasing demand from the steel & iron and cement industry. The growing utilization of dolomite in glass and ceramics owing to its high rigidity and tensile strength will bolster the healthy growth of the market in the region.

Information Source: https://www.fortunebusinessinsights.com/industry-reports/dolomite-powder-market-101697

Key Development:

February 2018:  Imerys announced that it has acquired the calcium carbonates and dolomite business of Vimal Microns Ltd., a key supplier of calcium carbonates in India. This new development will consolidate the presence of Imerys in India.

The dolomite powder market is poised for significant growth, driven by its diverse applications across industries. With advancements in technology and increasing awareness of sustainable practices, the market is expected to witness steady expansion in the coming years. Industry players should focus on innovation and strategic collaborations to capitalize on emerging opportunities.