Global Dolomite Mining Market Size Study & Forecast, By Application (Construction Materials, Agriculture, Animal Feed, Ceramics & Glass, Steel, Plastics, Paints & Coatings, Paper, Others), and Regional Analysis, 2023-2030

Global Dolomite Mining Market Size Study & Forecast, By Application (Construction Materials, Agriculture, Animal Feed, Ceramics & Glass, Steel, Plastics, Paints & Coatings, Paper, Others), and Regional Analysis, 2023-2030

Global Dolomite Mining Market is valued at approximately USD 15.23 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 2.6% over the forecast period 2023-2030. Dolomite is a carbonate mineral rich in magnesium, calcium, and iron, and serves diverse industrial purposes. It is instrumental in creating ceramics, glass, and refractory materials, while also playing a role in environmental conservation, energy efficiency, and chemical manufacturing processes. Dolomite is utilized in construction materials, agriculture, animal feed, ceramics & glass, steel, plastics, paints & coatings, paper, and other applications. Dolomite mining involves extracting the mineral calcium magnesium carbonate from geological formations. The rise in global infrastructure and construction projects, the increasing use of dolomite in agriculture, as well as the rising demand from the steel and glass sectors, are the key factors fueling market growth across the globe.

The market has experienced significant growth because of the rising government's supportive policies regarding infrastructure development. Government initiatives focused on developing infrastructure often led to a rise in construction activity. Dolomite is used in the manufacturing of concrete and asphalt which are two essential building materials used in the construction of roads, bridges, and buildings. For instance, in November 2021, the U.S. government signed into law a bipartisan infrastructure bill, totaling over USD 1 trillion. This comprehensive package allocated USD 550 billion for the advancement of critical sectors such as transportation, broadband infrastructure, and utilities thereby driving the market growth globally. Moreover, the surge in demand for environmentally friendly products, as well as the expanding applications of dolomite in other industries present various lucrative opportunities over the forecasting years. However, the substitution of raw dolomite with igneous rock and the regulatory complexities and compliance requirements are hampering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Dolomite Mining Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the high demand from construction and paints & coatings, along with the presence of a large number of dolomite mines. Whereas Asia Pacific is expected to grow at the highest CAGR over the forecast years. The rapid industrialization, expansion of the construction sector, and advancements in infrastructure and residential development have bolstered the overall growth of the construction industry, which in turn, is expected to boost market growth. For instance, India serves as a key global pharmaceutical hub, with the Indian Pharmaceutical industry ranking third globally in terms of volume and 14th in terms of value, as reported by IBEF. This sector contributes approximately 1.72% to India's GDP. According to the Indian Brand Equity Foundation, India is a prominent global pharmaceutical hub, boasting the third-largest pharmaceutical industry globally in terms of volume and the 14th-largest in terms of value. This sector contributes nearly 1.72% to India’s GDP. Consequently, these trends are projected to lead the dolomite market in the forecast period.

Major market players included in this report are:
RHI Magnesita N.V.
Imerys S.A.
Calcinor, S.A.
Lhoist Group
Carmeuse Group
Sibelco N.V.
Omya International AG
Essel Mining & Industries Limited (EMIL)
JFE Mineral & Alloy Company, Ltd.
Nittetsu Mining Co. Ltd.

Recent Developments in the Market:
 In April 2022, Bhutan's government allocated dolomite mines in Chunaikhola and gypsum mines in Khothakpa to the State Mining Corporation Limited (SMCL) for 15 years, aiming for economic advantages, sustainable mineral resource development, and revenue generation.
 In February 2022, United States Lime & Minerals Inc. acquired Mill Creek Dolomite LLC, focusing on specialized markets like agricultural lime, roofing materials, and glass.
 In November 2020, Sibelco and CelSian collaborated to enhance glass industry services through joint research and expertise-sharing in raw materials and glass melting processes.

Global Dolomite Mining Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Application, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Application:
Construction Materials
Agriculture
Animal Feed
Ceramics & Glass
Steel
Plastics
Paints & Coatings
Paper
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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