- The latest study by Future Market Insights (FMI) provides
detailed insights into factors enabling sales in the
global dolomite market. It also uncovers factors
affecting demand for dolomite across various segment in terms of
material type and end use. The dolomite industry analysis by
FMI is intended at offering insights into winning strategies
adopted by the leading market players through 2031.
DUBAI, UAE, Nov. 17, 2021 /PRNewswire/ -- As per FMI, the
global dolomite market is expected to surpass US$ 3.41 Bn in 2021. Surging application
across glass & ceramics, pharmaceuticals, and mining &
metallurgy industries is propelling the demand for
dolomite.
Sales of dolomite will pick up pace in the cement industry. The
extensive use of dolomite in the manufacturing of
high-mechanical-strength concrete owing to its higher surface
hardness, density, and good weathering resistance will steer growth
in the market through the assessment period.
Request a report sample to gain comprehensive insights at
https://www.futuremarketinsights.com/reports/sample/rep-gb-3861
Government push to infrastructure expansion in countries such as
China, the U.S., and India is expected to create lucrative
opportunities for sales of dolomite. Driven by this, the
dolomite market is projected to reach US$
5.28 Bn by 2031, expanding at a CAGR of 4.4% over the
forecast period from 2021 to 2031.
Dolomite applications are increasing across the chemical
industry for neutralizing the acidity and pH level, of chemicals.
In agriculture sector, it is used as a fertilizer, especially for
the cultivation of fruits and vegetables with higher seeds quantity
to suffice their calcium and magnesium requirement.
Rising government emphasis on increasing agricultural output is
estimated to spur dolomite sales. On account of its application
across diverse end-use application, the dolomite market is expected
to register a year-on-year growth of 4.4% in 2021.
As per the material type, the calcined dolomites segment is
projected to register year-over-year growth of 4% in 2021. Growing
applications in scorifiers and refractory lining protectors across
iron & steel industry is the factor facilitating the growth in
the segment.
"Dolomite helps in reducing carbon emission during cement
production. This attribute is encouraging numerous cement
manufacturers to shift their preference from using limestone to
dolomite in order to achieve their sustainability goals. This is
expected to favor the growth in the market," says a FMI
analyst.
Key Takeaways from Dolomites Market
Study
- The U.S. is estimated to emerge as the most remunerative market
in North America, creating an
absolute incremental opportunity of US$
650.7 Mn by 2021.
- China is anticipated to
account for 71.7% of the largest revenue share in East Asia, projecting sales at 4.8% CAGR over
the assessment period.
- South Korea and Japan are forecast to collectively account for
around 28.3% of the overall sales in the East Asia dolomite market through 2031.
- India is projected to register
a swift growth in South Asia &
Pacific, surging at year-on-year of 3.9% in 2021.
- In terms of end use, the mining & metallurgy segment is
expected to account for a significant share in the market,
expanding at a CAGR of 4.4% between 2020 and 2021.
To know more about this Reports Preview, View a
TOC@ https://www.futuremarketinsights.com/reports/dolomite-market
Key Drivers
- Increasing production of glass & ceramics and growing
demand for water & sludge treatment owing to water stress
across the GCC countries, China,
and India is estimated to drive
the sales of dolomite.
- Rising use of dolomite as a substitute for magnesium and
calcium salts to enhance the mineral content of purified and
mineral bottled water beverages is boosting the market.
Key Restraints
- Adverse effects associated with the consumption of dolomite
such as stomach irritation, diarrhea, vomiting, and headache is
restricting the sales across the pharmaceutical and healthcare
segment.
- High risk of contaminating fruits and vegetables with lead due
to the constant use of dolomite-based fertilizers is expected to
limit the demand in the agrochemical segment.
Competitive Landscape
As per FMI, leading players in the global dolomite market are
estimated to account for around 60-65% of overall
revenue share in 2021.
Key market participants are focusing on adoption organic and
inorganic strategies such as production capacity expansion,
mergers, acquisitions, partnerships, and collaborations to
strengthen their market footprint. For instance,
- In June 2021, RHI-Magnesita, a
leading supplier of refractory products, systems and services,
announced installing a new two-stage crushing system at its name
site in York, Pennsylvania. This will assist the company to
increasing the mining of dolomite for the production of refractory
materials.
- In March 2020, RHI Magnesita
announced the acquisition of Turkey-based new dolomite mining and
processing company, Kümaş Manyezit Sanayi A.Ş. The acquisition will
help the company in expanding the production of dolomite.
Get Access to Research Methodology Prepared by
Experts>>> https://www.futuremarketinsights.com/ask-question/rep-gb-3861
Some of the key players in the market profiled by FMI
are:
- Imerys
- Sibelco
- RHI-Magnesita
- Calcinor SA
- Omya AG
- JFE Minerals Co,
- Essel Mining & Industries Limited
- Lhoist
- Carmeuse
- Vardar Dolomit
More Valuable Insights on
Dolomite Market
FMI, in its new report, provide an in-depth analysis of the
global dolomite market, analyzing forecast statistics during the
coming 10-years. The survey reveals sales projections on in
dolomite market with detailed segmentation:
By Material Type:
- Calcined Dolomite
- Agglomerated Dolomite
- Sintered Dolomite
By End-Use:
- Cement
- Agrochemicals
- Mining & Metallurgy
- Pharma & Healthcare
- Glass & Ceramics
- Water & Sludge Treatment
- Animal Feed
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
We Offer tailor-made Solutions to fit Your Requirements,
Request Customization@
https://www.futuremarketinsights.com/customization-available/rep-gb-3861
Key Questions Covered in the Report
- The report offers insight into dolomite market demand outlook
for the forecast period 2021-2031
- The market study also highlights projected sales growth for
dolomite market between 2021 and 2031
- Dolomite market survey identifies key growth drivers,
restraints, and other forces impacting prevailing trends and
evaluation of current market size and forecast and technological
advancements within the industry
- Dolomite market share analysis, covering key companies within
the industry and coverage of strategies such as mergers &
acquisitions, joint ventures, collaborations or partnerships, and
others
Explore FMI's Extensive Coverage on Chemicals and materials
Domain
Hydro fluorocarbon market: The global hydro fluorocarbon
market report by FMI gives an in-depth insight on the future
expansion prospects, trends and challenges that market is likely to
face in the upcoming decade. Key statistics regarding key segments
have been presented across prominent geographies, along with a
detailed assessment of the market's competitive landscape.
Hydrotalcite market: The hydrotalcite market study
published by FMI offers a comprehensive analysis and focused views
on major trends expected to provide shape to future growth
prospects. The report provides detailed analysis of the significant
drivers, trends, challenges and opportunities prevailing for the
forthcoming decade across key geographies along with competitive
landscape of the upcoming decade.
Hydroxyapatite market: Future Market Insights gives a
detailed segmentation on the global hydroxyapatite market with
upcoming market trends, challenges and future growth dynamics
across key geographies and prominent segments. The report provides
a holistic approach, mapping the competitive landscape with
detailed analysis on established players, new entrants, and
opportunities likely to prevail across the 2021-2031
decade.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market
intelligence and consulting services, serving clients in over 150
countries. FMI is headquartered in Dubai, and has delivery centers in the UK,
U.S. and India. FMI's
latest market research reports and industry analysis help
businesses navigate challenges and make critical decisions with
confidence and clarity amidst breakneck competition. Our customized
and syndicated market research reports deliver actionable
insights that drive sustainable growth. A team of expert-led
analysts at FMI continuously tracks emerging trends and events in a
broad range of industries to ensure that our clients prepare for
the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales
Enquiries: sales@futuremarketinsights.com
For Media
Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/dolomite-market
Press Release
Source: https://www.futuremarketinsights.com/press-release/dolomite-market