Key Takeaways of Global Dolomite Market Study
- Apart from parent forms of industrial dolomite, manufacturing companies are also producing end-use products for the building and construction industry, mining and metallurgy flux materials, and agricultural dolomite. This will be a key factor for the growth of the dolomite market.
- Sintered dolomite, followed by the calcined type, is likely to be sought-after, owing to the growth of refractories.
- Demand for cement is rapidly increasing due to fast-paced growth of the construction industry. This factor will drive dolomite market growth, owing to its use in the manufacturing of dolostone, which has application in construction.
- Growth prospects are high in emerging markets such as India and Germany. Companies are focusing on different strategies in order to ensure good presence in both, emerging and matured markets. Since there are limited opportunities for dolomite manufacturers in developed regions, manufacturers are focusing on emerging markets to capture a larger market share.
- East Asia and Europe are projected to collectively hold around 2/3 share of the global dolomite market over the forecast period, owing to the presence of a large number of tier II & III players in East Asia and tier I players in Europe.
“Growing number of mining & metallurgy industries around the globe, with new mining opportunities being explored in Europe, Brazil, etc., is expected to drive the demand for dolomite for the manufacturing of steel and for other mining applications.”
Dolomite Market: Competitive Landscape
The dolomite market is fairly consolidated, with less number of tier-1 players operating in the landscape. Global players such as Imerys Minerals Ltd., RHI Magnesita, JFE Minerals Co., Ltd., and Sibelco have invested strategically in the dolomite market in the recent past, which suggests that, major manufactures are keeping tabs on the market as it holds a lot of potential in the coming years. Research & development, coupled with expansion of production capacity and footprint, remains the key strategy being followed by dolomite manufacturers to enhance productivity and capture new market opportunities.
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Dolomite Market: Competitive Landscape
The dolomite market is fairly consolidated, with less number of tier-1 players operating in the landscape. Global players such as Imerys Minerals Ltd., RHI Magnesita, JFE Minerals Co., Ltd., and Sibelco have invested strategically in the dolomite market in the recent past, which suggests that, major manufactures are keeping tabs on the market as it holds a lot of potential in the coming years. Research & development, coupled with expansion of production capacity and footprint, remains the key strategy being followed by dolomite manufacturers to enhance productivity and capture new market opportunities.
East Asia to Offer Lucrative Growth Opportunities
East Asia is anticipated to hold a prominent share of the global dolomite market, owing to increasing construction activities in the region. Another key factor driving the growth of the market in the region is the focus of manufacturers on customization of products as per specific applications. Dolomite is also prominently used in the production of refractory raw material, such as for brick manufacturing, which is further bolstering its sales in the region.
Looking for More Information?
The market report on dolomite, published by Future Market Insights, brings to the fore pin-point analysis of the landscape, and offers comprehensive information with historical demand data of 2014-2018 and forecast statistics for 2019-2029. The study offers insightful information on the global dolomite market based on various categories – material (calcined, agglomerated, and sintered) and end use (cement, agrochemicals, mining & metallurgy, pharma & healthcare, glass & ceramics, water & sludge treatment, and animal feed), across seven regions.
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Frequently Asked Questions About This Report
- Which region is expected to lead the global dolomite market?
East Asia remains in the vanguard of the dolomite mining market, whereas, Germany and India have been identified as emerging countries in the global dolomite market. Manufacturers in Germany are continuously working to achieve self-sufficiency of dolomite to reduce imports from overseas markets.
- What are the market dynamics that will affect the global dolomite market?
Dolomite has numerous application in the steel & iron industry, for fluxing material, refractory lining protection, and refractory raw material. This factor is responsible for driving the global market of dolomite over forecast period. However, the increasing prominence of alternatives such as olivine can be a barrier to the growth of global dolomite market space.
- Which end use holds potential growth opportunities for dolomite market player?
The mining & metallurgy segment is projected to hold a major share in the global dolomite market. Other than this, the dolomite market is gaining popularity in construction & infrastructure activities for road base material and as an aggregate in concrete and asphalt railroad ballast, rip-rap, or fill. Dolomite is also used for making building stones and chips & powder used in flooring tiles.
- How will the dolomite market fare in the future?
Demand for the production of construction materials as well as from the steel industry in coking applications will drive the global dolomite market over the forecast period.
- What is the degree of competition in the dolomite market?
The global dolomite market is understood to be primarily consolidated in nature, with a limited number of regional and local players operating in the landscape. Key players such as Imerys, Sibelco, RHI Magnesita, and Essel Mining are estimated to account for a prominent share in the global dolomite market.