"We Envision Growth Strategies Most Suited
to Your Business"
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:
Key Segments Within the Dolomite Powder Market
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:
Key Industry Developments:
The global dolomite powder market is segmented into:
Value (USD Billion) and Volume (Million Ton)