Market Insights

The report suggests that the overall dolomite market was estimated at USD 2.4 billion in 2021 and is likely to grow at a CAGR of 3.76% during 2022-2028 to reach USD 3.12 billion in 2028.

Market Segments' Analysis

Based on the end-use type, the market is segmented as construction, and iron & steel. The iron & steel segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period. The wide use of dolomite as a refractory material in steel making, converter lining, opening hearth furnaces, and electric furnace walls is driving the growth of this segment.

Based on the product type, the market is segmented as agglomerates, calcined, and sintered. The calcined segment dominates the market, as it plays an essential role in the iron and steel industry for refractory lining protectors and scorifiers. Further, it is used as a soil conditioner and in water treatment in agricultural work. All this wide application of calcined propelling the growth during the forecast period.

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market during the forecast period, with China and India being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as construction and agriculture, which are generating huge demand for dolomites and the presence of a large number of dolomite manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players

The following are some of the key players in the Dolomite Market:

  • Calcinor
  • Carmeuse
  • Imerys
  • Lhoist
  • Omya AG
  • RHI Magnesita
  • Sibelco
  • Vardar Dolomite

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

  • What is the global demand for the Dolomite Market in terms of revenue?
  • Which are the prominent players in the market?
  • At what CAGR is the market projected to grow within the forecast period?
  • What are the driving factors fuelling the growth of the market?
  • Which region accounted for the largest share of the market?
  • How did the Covid19 impact the market?
  • How long will it take to recover from the Covid impact?

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