Market Research Future (MRFR) has published a “Global Dolomite powder Market”
MRFR recognizes the following companies as the key players in the global dolomite powder market— Sibelco (Belgium), Minerals Technologies Inc. (U.S.), Imerys S.A. (France), Beihai Group (China), Arihant MinChem (India), Omya Group (Switzerland), Lhoist Group (Belgium), Carmeuse (Belgium), Nordkalk Corporation (Finland), Longcliffe Quarries Ltd. (U.K.).
Dolomite Powder Market Highlights
The global dolomite powder market is accounted to register a CAGR of 4.20% during the forecast period and is estimated to reach USD 38.8 Billion by 2032.
Due to the mineral's widespread usage across numerous industries, the market for dolomite powder is expanding. Market expansion is fueled by elements like its high magnesium and calcium content as well as its uses in building, farming, and industrial activities. Infrastructure development, agricultural methods, and manufacturing industries all have an impact on demand.
Segment Analysis
The global dolomite powder market has been segmented based type, and Application.
On the basis of application, the market is segmented into steel, cement industry, agriculture, glass, ceramic, rubber, and other materials. With 65.45% of market revenue coming from the steel catgeory, this sector dominated the market. This is because the kind is used more frequently in the manufacture of steel.
Based on type, the global dolomite powder market has been segmented into magnesium dolomite and calcium dolomite. The category of calcium dolomite brought in the highest money. The powder is primarily used in steel-making applications as a slag flux during the manufacturing of steel and iron alloys.
Regional Analysis
The global dolomite powder market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe dolomite powder market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The dolomite powder market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World dolomite powder market comprises of Middle East, Africa, and Latin America.
The Asia-Pacific Dolomite Powder Market dominated this market in 2022 (45.80%). This is due to the expansion of the metal, building, and construction industries in countries like China and India. The demand for it has increased as a result of its use in the manufacture of steel and cement. The use of dolomite in animal feed also contributes to the market's value in the Asia Pacific region.
The second-largest market share belongs to the dolomite powder market in Europe. The potential for market development in this region would benefit from the increase in demand from the steel and iron and cement sectors. Additionally, because to its high tensile strength and stiffness, dolomite particles are increasingly being used in glass and ceramics, increasing demand for it in the region.
The third-largest market share belongs to the North American dolomite powder market. The United States is one of the major users of steel for building and automotive applications, which will encourage market expansion in the region. Moreover, The second-largest market share belongs to the dolomite powder market in Europe. The potential for market expansion in this region would benefit from the increase in demand from the steel and iron and cement industries. Additionally, due to its high tensile strength and stiffness, dolomite particles are increasingly being used in glass and ceramics, increasing demand for it in the region.
Furthermore, the demand for dolomite powder in Latin America is increasing as a result of the region's building and agriculture industries. Market increase is influenced by elements like growing infrastructure, farming methods, and dolomite powder's industrial uses. In Latin America, there are opportunities for producers and suppliers of dolomite powder.
Key Findings of the Study
- The global dolomite powder market is expected to reach USD 38.8 Billion by 2032, at a CAGR of 4.20% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the the growing metal and building and construction sectors in nations like China and India.
- Based on type, the calcium dolomite segment was attributed to holding the largest market in 2022.
- Sibelco (Belgium), Minerals Technologies Inc. (U.S.), Imerys S.A. (France), Beihai Group (China), Arihant MinChem (India), Omya Group (Switzerland), Lhoist Group (Belgium), Carmeuse (Belgium), Nordkalk Corporation (Finland), Longcliffe Quarries Ltd. (U.K.).
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Companies Covered | 15 |
Pages | 128 |
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