A comprehensive analysis on the [Dolomite market] by Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
The global dolomite market is anticipated to expand at a steady 4.4% CAGR over the forecast period between 2021 and 2031, finds Future Market Insights (FMI) in a recent market analysis. Growing demand from construction industry is boosting sales of dolomite. The increasing demand from construction and agrochemicals industry is expected to remarkably contribute towards the expansion of the dolomite market.
Rapid development of the building and construction sector in emerging countries, especially in Asia Pacific and the Middle East & Africa is propelling sales of dolomite. Increase in the production of agrochemicals and cement is expected to bolster the consumption rate of dolomite.
Besides this, the market will gain from the surging consumption of dolomite in industries such as, water & sludge treatment, glass & ceramics, and construction. These industries collectively hold more than two third of market share in the global dolomite market.
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Backed by the aforementioned factors, the global dolomite market is projected to top US$ 5.28 Bn by 2031. As per FMI, geographically, the market is estimated to be dominated by East Asia.
Key Takeaways:
- By material type, demand for calcined dolomite is expected to surge at a 4.0 % CAGR over the forecast period.
- The sintered dolomite segment is projected to hold approximately 67.9 % of the total market share in 2021 and is anticipated to remain dominant in the near future.
- Application of dolomite in the cement segment is anticipated to grow at a 4.4 % CAGR through 2031.
- China is expected to emerge as an attractive dolomite market, with sales growing at a 4.8% CAGR in 2021.
- Japan and South Korea will collectively account for 28.3 % of the total East Asia dolomite market share through 2031.
“Over the assessment period, sales of dolomite is expected to be driven by the growing construction and infrastructural activities across the globe. Besides this, the demand will be stimulated by surging production of glass & ceramics, agrochemicals, pharmaceuticals and animal feed,” says an FMI analyst.
Competitive Landscape
Key market participants in the global dolomite market elaborated in the report includes Imerys, Omya AG, Calcinor SA, RHI-Magnesita, Vardar Dolomit, Sibelco, Lhoist, JFE Minerals Co, Essel Mining & Industries Limited, Carmeuse others.
The market players are expected to gain from the increase use of dolomite in cement production in order to decrease gas emission and operating expenditure. To capitalize on existing opportunities, leading players are focusing on collaborations, mergers, and acquisitions to expand their production facilities and distribution channels. For instance:
- In On March 20, 2020, RHI Magnesita acquired Kümaş Manyezit Sanayi A.Ş., a company active in the mining and processing of raw dolomite.
Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-gb-3861
Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product innovation & Diversification
4.3. Marketing and Brand management
5. Global Dolomite Market Demand Analysis 2016-2020 and Forecast, 2021-2031
more…!
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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