Dolomite Market

Dolomite MarketAnalysis:

Dolomite is an anhydrous carbonate mineral composed of calcium magnesium carbonatewith a chemical formula CaMg (CO₃)₂, which is high in calcium carbonate and magnesium It is a rock forming material. Its major components are sedimentary and metamorphic rocks. It has broad application in construction due to its hard and dense nature. Dolomite exhibits properties such as high refractoriness and enhanced thermodynamic stability, hence, it can be used in making refractivefurnaces. Increased applications in horticulture, particle detectors, magnesium oxide, and iron smelting is expected to drive the market growth. Also, another application of dolomite is in float glass production. Dolomite market is expected to grow in next few years, owing to growing construction industries.

Covid-19 impact on dolomite market:

• The global market for dolomite is severely impacted by the outbreak of the COVID-19 pandemic.
• The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns.
• Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
• Thus, insufficiency in raw material supply is expected to hamper the production rate of dolomite, which negatively impact the market growth.
• However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

Dynamics

The key drivers for the growth of dolomitesmarket is increasing use of dolomite for making magnesium salt. The magnesium salt is increasingly used inmaking of medicines in pharmaceutical industry. Dolomitealso serves as a supplement in terms of calcium and magnesium. With advance technology coming in the way, different type of dolomite crystal can be extracted and the demand for dolomite is increasing day by day. Another use could be in agriculture sector, by farmers to reduce acidity of soil.With the technological advancements in mining industry it has now become easy to extract different crystals, leading to increase in demand for dolomite industry.  

Market participants

The key market players in this market as follows JFE mineral Companies Ltd., Essel Mining and Industries Ltd., Infrasors Holding Ltd., DMITRE (Department of Manufacturing, Innovation, Trade, Resources and Energy), Inca mining and Arrium mining and materials, , JFE Mineral Companies Limited, Liuhe Mining, Lhoist group, Omya group, Mineral Technologies, Long Cliffe Quarries, Nordkalk, Arihant minChem, Carmeuse, Sebelco, Imerys, Omya group,  Specialty Minerals, RHI Magnesita, E. Dillon& company, Wangcheng Meiye, Beihai Group, Graymont, Jindu Mining, Carrier de Merlemont, Nittetsu Mining, Dongfeng Dolomite,Jinding Magnesite Group, PT polowijo Gosari, MINARARIA DI BOCA SR As there is global presence of market players, the competition is very high.

Regional outlook:

The regions analyzed in the report North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa. Asia pacific has been showing great success in this market, and China is also expected to contribute good amount of profits to this market, these are the countries which are much more involved into construction activity. The leading consumers are in the market North America and Europe due to technological advancements in mining industry.

Key benefits of the report:

• This study presents the analytical depiction of the global dolomite market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global dolomite marketshare.
• The current market is quantitatively analyzed to highlight the global Dolomite Market growth scenario.

• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global dolomite marketanalysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the dolomite market research report:

• Which are the leading players active in the dolomite market?

• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

 Dolomite Market Report Highlights