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Dolomite Powder Market to Exhibit a CAGR of 4.5% from 2019-2026; Product Applications Across Diverse Industries to Aid Growth

December 02, 2019 | Chemicals & Materials

The global dolomite powder market size is projected to reach USD 34.56 billion by 2026. The increasing applications of dolomite across diverse industries have opened up a huge potential. According to a report published by Fortune Business Insights, titled “Dolomite Powder Market Size, Share & Industry Analysis, By Type (Calcium Dolomite, and Magnesia Dolomite), By Application (Steel-making, Cement Industry, Agriculture, Glass, Ceramic, Rubber, and Others), and Regional Forecast, 2019-2026,” the market size was USD 24.39 billion in 2018 and will exhibit a CAGR of 4.5% during the forecast period, 2019-2026.


Driven by Exceptional Properties, Dolomite Powder Set to Witness High Demand


Dolomite powder is a substance used in production of material such as steel, glass, ceramics, mining, and agricultural products. The substance consists of calcium magnesium carbonate and is classified as an anhydrous mineral. The properties of the substance have enables such widespread applications. The increasing applications will create a massive demand for the substance across the world. The substance is used as an effective substitute for limestone, wherein calcium and magnesium requirements are plenty. The increasing demand for dolomite powder have constituted an increase in the dolomite powder market size in recent years. Although the availability of dolomite is limited, its cost-effective nature will create several growth opportunities for the companies operating in the market. As the substance is found in abundance in specific regions, the market growth is slightly inclined towards particular regions.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/dolomite-powder-market-101697


Key Segments Within the Dolomite Powder Market



  • By Type:The report focuses on primary product types in the market and provides an in-depth analysis on calcium dolomite and magnesia dolomite. Among these two, the calcium dolomite segment is projected to witness high CAGR in the coming years due to high product usage in steel manufacturing. Besides steel, the product is also used in production of cement, rubber, refectories, mortars, and concrete. This segment is likely to hold a higher dolomite powder market share than its alternative counterpart. Having said that, the increasing applications of magnesia dolomite will contribute to the growth of this segment in the coming years. Magnesia dolomite is the core material used in the manufacturing of float glass. The increasing applications of float glass have opened up a huge potential for the growth of this segment. Moreover, lesser alternatives to magnesia dolomite will aid the growth of this segment.

  • By Application: On the basis of applications, the market has been segmented into steel-making, cement industry, agriculture, glass, ceramic, and rubber. Among these, the steel making segment will exhibit the highest growth rate in the coming years. Steel is used in numerous applications in our daily live. Besides domestic uses, the product is widely used across industrial applications. Moreover, the low cost of the product is a major reason why it is preferred over its alternatives. The properties of steel such as rigidity and durability will subsequently fuel the demand for the product. As a result, the steel-making segment will rise at a considerable rate in the coming years. Besides steel making, the cement industry derives considerable demand for the product. The cement industry accounted for 6% of the overall market share in 2018 and this value is likely to increase further in the coming years.


Product Availability to Drive Growth of the Market in Europe


Based on regional demographics, the market has been segmented into Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Among these regions, Europe held the highest market share in 2018 in terms of revenue and is projected to emerge dominant in the coming years. The favourable climatic conditions, and presence of several coastal regions have led to availability of the product in abundance. Having said that, Asia Pacific accounted for the highest share in terms of volume, as a result of which the regional market will witness significant growth rate in the coming years.


Some of the leading companies that have adopted the latest dolomite powder market trends are:



  • Sibelco

  • Minerals Technologies Inc.

  • Imerys S.A.

  • Beihai Group

  • Arihant MinChem

  • Omya Group

  • Lhoist Group

  • Carmeuse

  • Nordkalk Corporation

  • Longcliffe Quarries Ltd


Key Industry Developments:



  • Feb 2018: Imerys announced the acquisition of Vimal Microns, a leading calcium carbonate supplier in India. With this acquisition, the company plans to expand its customer reach in India.

  • November 2017: Imerys completed the acquisition of Micron Ita, a Brazil based company engaged in manufacturing of calcium carbonates.


The global dolomite powder market is segmented into:








































 ATTRIBUTE



 DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD Billion) and Volume (Million Ton)



Segmentation



By Type



  • Calcium Dolomite

  • Magnesia Dolomite



By Application



  • Steel-making

  • Cement Industry

  • Agriculture

  • Glass

  • Ceramic

  • Rubber

  • Others



By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, Australia, Indonesia, Taiwan, and Rest of Asia Pacific)

  • Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, and Rest of Middle East & Africa)

  • South America (Brazil, Argentina, Columbia, Chile, and Rest of Latin America)


Dolomite Powder Market
  • PDF
  • 2018
  • 2015-2017
  • 98

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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