PUBLISHER: The Business Research Company | PRODUCT CODE: 1574711
PUBLISHER: The Business Research Company | PRODUCT CODE: 1574711
Dolomite is a sedimentary rock primarily composed of the mineral dolomite, which is calcium magnesium carbonate (CaMg(CO3)2). It is utilized in the production of glass and ceramics and typically forms from limestone through a process known as dolomitization.
The main types of dolomite products include calcined dolomite, agglomerated dolomite, and sintered dolomite. Calcined dolomite is created by heating dolomite to high temperatures, resulting in a material rich in magnesium oxide and calcium oxide. It is available in various crystal forms, such as planar-E, planar-S, and non-planar. This product serves multiple industries, including agriculture, ceramics and glass, cement, mining and metallurgy, pharmaceuticals, and water treatment, among others.
The dolomite market research report is one of a series of new reports from The Business Research Company that provides dolomite market statistics, including dolomite industry global market size, regional shares, competitors with a dolomite market share, detailed dolomite market segments, market trends and opportunities, and any further data you may need to thrive in the dolomite industry. This dolomite market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 during the historic period can be attributed to several factors, including increased use in horticulture, higher investments in mining infrastructure, growing demand for magnesium compounds, a heightened focus on eco-friendly farming practices, and an emphasis on sustainable construction methods.
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 anticipated growth during the forecast period can be attributed to several factors, including increased demand in the construction sector, growth in steel production, rapid urbanization, rising demand for dolomite in glass production, growing pharmaceutical needs, and ongoing infrastructure projects. Key trends expected to influence the market include advancements in mining technology, improved processing techniques, innovations in dolomite extraction and processing, sustainable mining practices, and the development of new dolomite products.
The expanding construction industry is expected to drive the growth of the dolomite market in the future. The construction sector involves planning, designing, and executing various building and infrastructure projects, including residential, commercial, and civil engineering works. Increased demand in the construction industry stems from factors such as population growth, urbanization, infrastructure improvements, and real estate investments, which fuel new projects and renovations. Dolomite is a key material in construction, used as an aggregate in concrete and asphalt, for lime production in soil stabilization, and in building products and road construction. For example, a report by the Office for National Statistics in February 2023 indicated that the UK's annual construction output increased by 5.6% in 2022 compared to 2021, following a notable rise of 12.8% in 2021. Consequently, the growth in the construction industry is propelling the demand for dolomite.
Leading companies in the dolomite market are focusing on broadening their product offerings through strategic collaborations to strengthen their market presence and meet diverse consumer needs. These alliances allow companies to expand their product range or services by partnering with other businesses. For example, in July 2024, Blastr Green Steel, a Norway-based green steel producer, formed a partnership with Lhoist Group, a Belgium-based producer of lime, dolomite, and minerals. The collaboration aims to supply low-carbon lime and dolomite for Blastr's upcoming steel plant in Inkoo, Finland, with the goal of reducing Scope 3 emissions in steel production. This partnership leverages Lhoist's LEVEL|GREEN products, which could reduce emissions by up to 50 kg CO2 per tonne of steel produced, helping Blastr meet its target of 300 kg CO2 emissions per ton, a 90% reduction from conventional methods. The collaboration also includes technical support for integrating these materials into production and exploring the establishment of a terminal for efficient supply logistics, contributing to Blastr's objective of producing 2.5 million metric tons of ultra-low CO2 steel annually.
In July 2021, SigmaRoc plc, a UK-based construction materials company specializing in quarrying and aggregate production, acquired Nordkalk for around $550 million. This acquisition is intended to enhance SigmaRoc's earnings and market position by expanding its limestone product offerings and geographic presence in Northern Europe. Additionally, Rettig Group joined as a strategic shareholder, further reinforcing SigmaRoc's growth and integration strategy in the quarried materials sector. Nordkalk, based in Finland, focuses on extracting, processing, and marketing dolomite-based products.
Major companies operating in the dolomite 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
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.
The countries covered in the dolomite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The dolomite market includes the sales of ceramics, drilling fluid additives, building stones, refractory materials, concrete and asphalt, fertilizers, and industrial products. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Dolomite Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on dolomite market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for dolomite ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The dolomite market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.