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| Report Code: A17108 | Jul 2022 | Pages: 295 | ||
| Tables: 214 | Charts: 69 |
| |
The global dolomite mining market was valued at $1.8 billion in 2021, and is projected to reach $2.7 billion by 2031, growing at a CAGR of 3.9% from 2022 to 2031.
COVID-19 had negative impact on dolomite mining market owing to decreased mining activities due to lockdown imposed by various government.
Dolomite is an anhydrous and transparent carbonate mineral that is rich in magnesium, calcium and magnesium. It also includes some levels of iron. Dolomite mining is a versatile, non-metallic mineral that may be utilized in creating ceramics, composites, glass and refractory materials. It is also utilized in environment preservation, energy conservation and chemical manufacturing. The dolomite mineral finds its application in mining, refining, manufacture etc.
Dolomite has several industrial applications. Dolomite mineral powder is utilized as a filler in several industries, resulting in the expansion of the dolomite market. The market demand for dolomite is increasing as a result of the development of mining technology that is leading to various methods of crystal dolomite extraction. Dolomites, which is utilized in the production of glass and ceramics, is seeing a market expansion as a result of evolving interior design trends. Dolomites also have a market in the agriculture sector, where they are used to reduce soil acidity. Dolomites are utilized as a soil conditioner in horticulture, hence raising the demand for dolomites on the market and contributing to the future growth for the dolomite market
The increase of the dolomite market has been caused by the expansion of the global construction industry and infrastructure. Dolomite is used in pharmaceuticals industry, since dolomites contain magnesium salts essential to make medications. Dolomite is also a supplement for individuals deficient in calcium and magnesium. This presents lucrative opportunities in the pharmaceutical industry for the dolomite mining market.
Dolomite market expansion is hindered by the substitution of raw dolomites with igneous rock containing olivine's minerals. Dolomite produces negative effects when consumed directly through the mouth for extended durations. It may result in a variety of health problems, including sickness, discomfort, diarrhea, and vomiting. These dolomite adverse effects hinder the expansion of the market.
The dolomite mining market is segmented into Mineral type and Application. Depending on mineral type, the market is categorized calcined dolomite and sintered dolomite. On the basis of application, the market is categorized into Construction, Agriculture, Animal Feed, Ceramics & Glass, Iron & Steel and Others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the global dolomite mining market include Arihant Min chem, Calcinor, Carmeuse, E. Dillon & Company, Essel Mining & Industries Limited, Imerys, JFE Mineral Co., Ltd, Lhoist, Liaoning Beihai Industry (Group) Co., Ltd., Longcliffe, Nittetsu Mining Co., Ltd., Nordkalk Corporation, Omya AG, RHI Magnesita GmbH, Sibelco.
Other players operating in the dolomite mining market are Infrasors Holding Ltd., Aruna Dolomite Mines, Inca mining.
The calcined dolomite segment accounted for the largest share i.e., 66.2%., this is due to increased demand for calcined dolomite from construction industry.calcined dolomite mining segment is the fastest growing segment, growing around 3.9% CAGR over the forecasted period.
The construction segment accounted for the largest share i.e., 74.2%. construction segment is the fastest growing segment, growing around 3.8% CAGR over the forecasted period. This is due to increased demand for construction products such as cement and putty.
Asia-Pacific contributed the 38.9% market share in 2021 and is projected to grow at CAGR of 5.1% during the forecast period. Owing to the increased demand from construction and electronics industries. Asia-Pacific has garnered major share in dolomite mining market.
IMPACT OF COVID-19 ON THE GLOBAL DOLOMITE MINING MARKET
Dolomite Mining Market Report Highlights
| Aspects | Details |
|---|---|
| By Mineral type |
|
| By Application |
|
| By Region |
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| Key Market Players | RHI Magnesita GmbH, Omya AG, Essel Mining & Industries Limited, nordkalk corporation, JFE MINERAL Co., LTD., carmeuse group, calcinor s.a., E. Dillon & Company, Arihant Min Chem, longcliffe group limited, lhoist, imerys, Liaoning Beihai Industry (Group) Co., Ltd., Nittetsu Mining Co. Ltd., sibelco group |
According to the perspective of the CXOs of leading companies, the expansion of the dolomite mining industry is boosting due to the production of magnesium salt from dolomite. The magnesium salt is widely utilized in the pharmaceutical sector for the production of medicines. Dolomite also functions as a calcium and magnesium supplement. This offers lucrative opportunity for the dolomite mining market. With the development of high technology, several types of dolomite crystal may be obtained, and the need for dolomite is rising constantly. Farmers might use it in agriculture to lower the acidity of the soil. Due to technical improvements in the mining sector, it is now simpler to extract various crystals, resulting in a rise in demand for the dolomite market.
A. The global dolomite mining market size was valued at $ 1.8 billion in 2021, and is projected to reach $2.7 billion by 2031, growing at a CAGR of 3.9% from 2022 to 2031.
A. Asia-Pacific contributed the 39% market share in 2021 and is projected to grow at CAGR of 5.1% during the forecast period.
A. The dolomite mining market is segmented on the basis of mineral type, application and region. Depending on mineral type, the market is categorized calcined dolomite and sintered dolomite. On the basis of application, the market is categorized into Construction, Agriculture, Animal Feed, Ceramics & Glass, Iron & Steel and Others.
A. Arihant Min chem, Calcinor, Carmeuse, E. Dillon & Company, Essel Mining & Industries Limited, Imerys, JFE Mineral Co., Ltd, Lhoist are some of the major companies in dolomite mining market.
A. Ceramics and Glass application is projected to increase the demand for dolomite mining.
A. Increased demand from cement industry is the major factor driving the demand for dolomite mining
A. Covid-19 had negative impact on dolomite mining market owing to lockdown imposed by various governments.
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