Research Expert: Sarah Overall
  • Published: Feb 2025
  • Pages: 150
  • SKU: IRTNTR74052

  • Latest News- Dolomite Market: Calcined is expected to lead the Product segment during 2024-2028

    The Dolomite Market is being driven by Increase in prices of construction aggregates

    The Dolomite Market is expected to grow at a CAGR of 4.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 570.8 million. Refractory materials play a crucial role in steel production, accounting for approximately 2-3% of the total production costs. The steel industry, which represents around 75% of the global refractory demand, remains the primary driver for refractory manufacturers. Despite the ongoing global oversupply and its negative impact on the steel sector, there has been a steady recovery in 2021. Moreover, investments in the steel industry are projected to surge in developing countries, such as India and China, as these regions prioritize self-sufficiency and reduce import reliance. The cement, glass, and non-ferrous metal industries also present opportunities for refractory companies, but the steel sector's significant demand and influence on the market's dynamics cannot be overlooked. 

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    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Product
      • Calcined
      • Sintered
      • Agglomerated
    • Geography
      • APAC
        • China
        • India
        • Japan
      • North America
        • US
      • Europe
        • South America
          • Middle East and Africa

          According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

          • Increase in prices of construction aggregates
          • Stringent regulations regarding cement manufacturing
          • Uncertain macroeconomic conditions

          However, the market also witnesses some limitations, which are as follows:

          • Rising demand from cement industry
          • Increasing capacity of steel production
          • Increased government spending on infrastructure

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          Market Scope in Dolomite Market Research Report

          Market Scope

          Report Coverage

          Details

          Page number

          134

          Base year

          2023

          Historic period

          2018-2022

          Forecast period

          2024-2028

          Growth momentum & CAGR

          Accelerate at a CAGR of 4.5%

          Market growth 2024-2028

          USD 570.8 million

          Market structure

          market_structure.ucfirst

          YoY growth 2023-2024(%)

          4.23

          Key countries

          US, China, India, Japan, and The Netherlands

          Competitive landscape

          Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

          Request Free Sample

          Find out which segment is leading the market by accessing the free PDF report

          Research Analysis Overview

          The Dolomite market encompasses various industries, including steel production, energy, and mining & metallurgy. Dolomite serves as a crucial raw material in steel production, particularly in the form of calcined dolomite for furnace linings and sintered products used as flux in refractories. Additionally, it finds applications in construction, agrochemicals, pharma & healthcare, glass & ceramics, cement, and ceramics sectors. The Carbonate Minerals market, which includes dolomite, experiences significant demand from the Portland cement industry. Fiscal stimulus in infrastructure development further boosts the market growth.

          Market Research Overview

          The global diversified metals and mining industry encompasses businesses involved in the extraction and production of a range of metals and minerals, including non-ferrous metals such as lead, nickel, tin, titanium, zinc, cobalt, mercury, tungsten, beryllium, bismuth, cerium, cadmium, niobium, indium, gallium, germanium, lithium, selenium, tantalum, tellurium, vanadium, and zirconium, as well as salt, borate, phosphate rock, and other diversified mining operations. In the steel sector, dolomite is a crucial raw material used extensively in steel production as a flux and for the manufacture of calcined dolomite, furnace linings, and sintered products. Refractories, another significant application, also utilize dolomite in their production. The North American market for these applications is a significant contributor to the global demand for dolomite.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


          Contacts

          Technavio Research
          Jesse Maida
          Media & Marketing Executive
          US: +1 844 364 1100
          UK: +44 203 893 3200
          Email: media@technavio.com
          Website: www.technavio.com/

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