Leading global producers of dolomite must explore profitable possibilities in major end-use industries for diversifying their product portfolio in order to solidify their place.
DUBAI, UAE / ACCESSWIRE / March 18, 2020 / Dolomite market is projected to undergo steady growth at approximately 4.2% CAGR over the course of forecast period (2019-2029). Mining exploration projects are witnessing mounting investments thereby accelerating the growth of dolomite market. On that premise, global dolomite market is projected to reach US$ 4 Bn by 2026 end, concludes Future Market Insights (FMI).
"The escalating construction & infrastructure undertakings will propel the demand for dolomite worldwide. Moreover, dolomite has gained paramount importance in other end-use areas as well. For instance, manufacturers in glass industry are utilizing dolomite as a key raw material for flat glass fabrication," says the FMI analyst.
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Key Takeaways of Dolomite Market Study
- Sintered dolomite remains highly sought after amongst consumers worldwide.
- Mining & metallurgy industry accounts for substantial consumption of dolomite.
- Use of dolomite in cement industry will witness noteworthy growth over the projection period.
- East Asia will capture 1/3rd of overall market stack through 2029.
- Europe and North America will continue to offer remunerative business opportunities to manufacturers during the forecast period.
Dolomite Market - Key Growth Factors
- Demand upsurge in expediting mining & metallurgy activities is boosting the growth of dolomite market.
- Variegated end-use applications of dolomite such as refractory raw material, refractory lining projection, and fluxing material are key growth drivers.
- Rising investments by prominent stakeholders is the growth engine of dolomite market.
- Role of dolomite in water and wastewater treatment will strengthen the market growth through 2029.
Dolomite Market - Key Restraints
- Prevalence of dolomite substitutes such as olivine is a major roadblock to market growth.
- Consolidated market nature is challenging for new entrants to garner significant market share.
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Competitive Landscape
The global dolomite market is a fairly consolidated landscape with few leading players occupying the majority market share. Key players profiled in this FMI study include, but are not limited to, Essel Mining, RHI Magnesita, Sibelco, and Imerys. Manufacturers are scrutinizing the key end-use segments of dolomite such as mining & metallurgy to garner significant market share. Meanwhile they are exploring remunerative opportunities in other end-use industries as well. For instance, agrochemicals, glass & ceramics have attracted significant attention of prominent market players who are planning huge capital investments in these areas.
More about the Report
This Future Market Insights study of 203 pages provides all-inclusive insights on the global dolomite market. The market analysis is based on end use (mining & metallurgy, cement, glass & ceramics, water & sludge treatment, agrochemicals, pharma & healthcare, animal feed), material (sintered, calcined, agglomerated) across seven regions (Middle East & Africa, Oceania, South Asia, East Asia, Europe, Latin America, North America).
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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