Dolomite Mining Market Expected to Reach $2.7 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Dolomite Mining Market," The dolomite mining market was valued at $1.85 billion in 2021, and is estimated to reach $2.7 billion by 2031, growing at a CAGR of 3.9% from 2022 to 2031.

Dolomite is also known as "dolostone" and "dolomite rock is limestone or carbonate mineral composed of calcium or magnesium. It is a translucent and anhydrous carbonate mineral that is rich in calcium and magnesium. Extraction of magnesium from dolomite ores is carried out by leaching process. The formula unit composition is CaMg(CO3)2 unlike magnesian calcites, calcium and magnesium, which are separated into distinct surfaces in ideal dolomite.

On the basis of dolomite type, the mode of formation is divided into two groups,

1. Primary dolomite: Primary dolomite forms immediately from aqueous solution, mainly in between 20 and 35 °C, without any CaCO3 dissolution.
2. Secondary dolomite: Secondary dolomites are those created by the replacement or cementation of existing carbonate during the process of diagenesis.

Dolomite is used in construction application as a finishing material and as a filler for other building materials. In the chemical industry, it is used as raw material, and as a flux in metallurgy. Dolomite chips are used in the production of flooring tiles. It is an important raw material in the iron & steel, ferroalloys, glass, alloy steels, and fertilizer industries.

Dolomite is used in many industries including soap, detergent powder, detergent cake, ceramic tiles, plastic manufacturing, paint manufacturing, steel manufacturing, paper manufacturing, agriculture & farming, cattle feed manufacturing, and glass manufacturing industry.

The Dolomite mining market was valued at $1.8 billion in 2021, and is projected to reach $2.6 billion by 2031, growing at a CAGR of 3.9% from 2022 to 2031.

The major end-use sectors are still mining & metallurgy, and throughout the projection period, infrastructure development in developing nations is anticipated to rise at a faster pace.  Dolomite of the highest grade with the least amount of iron and silica is preferred by the glass industry. Owing to rise in demand from the packaging and building sectors over the past few years, glass production has greatly expanded. The need for dolomite mining is driven by this.

After consuming arsenic- and lead-rich meals, lead (Pb) and arsenic impurities found in dolomite fertilizers cause individuals to experience a variety of health issues. Cancer and skin lesions can be caused by prolonged exposure to arsenic in drinking water and food. In addition, it has been linked to cardiovascular disease and diabetes. Lead exposure causes nausea, vomiting, diarrhea, headache, abdominal pain, and exhaustion. This side effects hinder the growth of dolomite mining market. Owing to rise environmental concerns, governments in a number of nations have enacted severe legislation mandating water recycling in the industrial sector, which driving market expansion. As dolomite is used to filter potable water, adjust the pH of distilled water, and add natural minerals to reverse osmosis (RO) water, this creates a lucrative growth opportunity for the dolomite mining market.

The dolomite mining market is segmented on the basis of mineral type, application, and region. On the basis of mineral type, the market is categorized into calcined dolomite and sintered dolomite. On the basis of application, the market is categorized construction, agriculture, animal feed, ceramics and glass, iron and 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 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.

KEY BENEFITS FOR STAKEHOLDERS

• The report provides in-depth analysis of the global dolomite mining market along with the current trends and future estimations.
• This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
• Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the global dolomite mining market for strategy building.
• A comprehensive market analysis covers the factors that drive and restrain the global dolomite mining market growth.
• The qualitative data about market dynamics, trends, and developments is provided in the report.

IMPACT OF COVID-19 ON THE GLOBAL DOLOMITE MINING MARKET

• Dolomite is a raw material for several industries, including the glass, ceramic, cement, ferroalloys, and fertiliser sectors. The mining industry provides the majority of dolomite; however, the Covid-19 pandemic has caused the production lines of mining industry to collapse.
• The pandemic affected the global construction sector as well as other industries, like cement and fertilisers, also experienced a decline in growth.
• Due to the lockdown imposed in several nations, national and international transportation have been restricted, which has had a substantial influence on the supply chain of different sectors throughout the world, consequently expanding the supply–demand gap.
• Consequently, an insufficient supply of raw materials is anticipated to hamper the production rate of dolomite, which would have a negative influence on market expansion.
• Consequently, an insufficient supply of raw materials is anticipated to hamper the production rate of dolomite, which would have a negative influence on market expansion.
• However, this scenario is anticipated to improve as governments throughout the world have begun to ease restrictions on the resuming of commercial activity.