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The scope of our recent study on the “Dolomite Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by End-Use Industry (Iron and Steel, Construction, Agriculture, Animal Feed, Ceramics and Glass, Others)” includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis. It also includes the identification of significant market players and their key developments.

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The dolomite market is projected to grow from US$ 21,727.97 million in 2020 to US$ 28,558.14 million by 2028; it is expected to grow at a CAGR of 3.7% during 2021–2028.

Dolomite, i.e., calcium magnesium carbonate [CaMg(CO3)2], is a primary component of the sedimentary rock known as dolostone. The trigonal crystals of dolomite have rhombohedral geometry, and its characteristics are similar to calcite. Dolomite is used as an alternative to limestone as aggregates / crushed stones in construction applications as its chemical composition is similar to limestone. According to the Observatory of Economic Complexity (OEC), Belgium and the UAE are the largest exporters of dolomite, while the Netherlands, India, China, and Japan are the largest importers of the same.

Based on application, the dolomite market is segmented into iron and steel, construction, agriculture, animal feed, ceramics and glass, and others. The iron and steel segment held the largest share of the market in 2020. The iron and steel industry is the basis of activities in sectors such as defense, heavy engineering, energy, and construction. With the ever-increasing demand for iron and steel from these sectors owing to rapid urbanization and industrialization, especially across Asia Pacific, and South and Central America, the demand for dolomite is on rise across the world. Dolomite and limestone are widely used in numerous processes in iron and steel plants. In ironmaking, dolomite and limestone are used in the composition of pellets and sinter, and directly in blast furnaces as fluxing materials. In the case of steelmaking, dolomite and limestone are used as lime or calcined dolomite in the primary and secondary steelmaking processes.

Leading Players: Beihai Group, Calcinor, Essel Mining & Industries Limited, JFE GROUP, INCA MINING, LHOIST GROUP, Sibelco, RHI Magnesita GmbH, Arihant Min chem, Omya AG.

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The dolomite market is segmented into five main regions—North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SAM). In 2020, Asia Pacific held the largest revenue share of the global market. The rapid growth of industrialization is driving investments in transport infrastructure in this region. Further, a rise in refractories production is propelling the demand for dolomite in the iron and steel industries in Asia Pacific. The region is home to the largest economies such as China and India, which are among the world’s largest consumers of refractories. China is a major producer of steel in the world, while India is witnessing an exponential growth in infrastructure. Thus, these factors are providing several growth opportunities for the dolomite market players in region.

Impact of COVID-19 Pandemic on Dolomite Market

The ongoing COVID-19 pandemic has drastically altered the status of the chemical and materials sector and negatively impacted the growth of the dolomite mining market. The implementation of measures to combat the spread of SARS-CoV-2 has aggravated the situation. Industries such as construction, and iron and steel have been impacted by the sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden shutdown of national and international boundaries. A significant decline in the growth of the several industrial sectors has led to reduced demand for dolomite. The shutdown of mining operations has created a hampered annual production perfromances. The long-term effects of COVID-19 pandemic on the mining industry will depend upon the length of lockdown periods and the ability of the industry players to resurge. As many countries are planning to revive their operations, the demand for dolomite is expected to rise globally in the coming months. The dolomite mining market players are focusing on the availability of supplies and manpower to achieve full operational levels.

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The “Global Dolomite Market Analysis to 2028” is a specialized and in-depth study focused on the analysis of the global market trends. The report aims to provide an overview of the dolomite market with detailed market segmentation based on end-use industry and geography. Based on end-use industry, the dolomite market is segmented into iron and steel, construction, agriculture, animal feed, ceramics and glass, and others. Based on geography, the market is segmented into five main regions—North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America.

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