Dolomite Market Size Worth $3.0 Billion By 2027 | CAGR: 3.8%: Grand View Research, Inc.

SAN FRANCISCO, Dec. 8, 2020 /PRNewswire/ -- The global dolomite market size is anticipated to reach USD 3.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.8% from 2020 to 2027. Large-scale steel production in the world is anticipated to propel dolomite demand across the forecast period.

Dolomite is an anhydrous carbonate mineral that consists of calcium magnesium carbonate. It is a key component of dolostone and dolomitic marble. It is a vitreous pearly mineral available in different colors including white, pink, green, brown, black, etc. It is preferred as a substitute for limestone in the construction industry.

The key application of dolomite is as a refractory and then as a flux in the steel & iron industry. In the calcined form, it is used as a steelmaking slag flux, where in addition to increasing slag fluidity the magnesia content of the product helps protect and improve the lives of the steel vessel's refractory linings. As a result, calcined dolomite accounted for the largest share of the market in 2019.

Key suggestions from the report:

• Asia Pacific is expected to register the fastest CAGR of 4.1%, in terms of revenue, over the forecast period owing to high refractory production in China
• Europe is anticipated to register the second-fastest CAGR from 2020 to 2027 on account of declining steel production in the region owing to falling demand from the construction and automotive sectors
• The agriculture end-use segment is anticipated to register a CAGR of 3.7% in terms of revenue over the forecast period owing to the rising demand for fertilizers.
• In India, despite nationwide lockdown, fertilizer sales jumped by 83% in April-June 2020 than 2019
• Glass & ceramics is also anticipated to grow significantly over the forecast period on account of rising container glass production for the pharma industry owing to rising cases of COVID-19 cases
• In July 2020, Bormioli Pharma invested in Type I glass vial production for injectable medicines and vaccines.

Read 95 page research report with ToC on "Dolomite Market Size, Share & Trends Analysis Report By End-use (Construction, Iron & Steel), By Product (Agglomerates, Calcined, Sintered), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/dolomite-market

Glass & ceramics is also a vital end-user segment of the market. Lime is introduced in glass melt with dolomite and limestone. The magnesia content in the mineral improves the durability of the glass and inhibits the devitrification process, which holds significance in flat glass production. It also finds application in container glass.

Pharmaceutical companies worldwide are thoroughly engaged in finding the cure for covid-19 and the vaccine is in the final testing stage. Once the vaccine is out it shall require vials in large amounts, for which glass manufacturers are expanding their production capacities. For example, SCHOTT KAISHA is working with the Serum Institute of India to supply aluminum seals and tubular glass vials for the Oxford vaccine. Serum Institute of India is under a licensing deal with AstraZeneca for providing 1 billion doses of vaccine to low-to-middle income countries. Thus, increasing glass vials production is anticipated to propel the demand for dolomite in the glass end-use segment.

Europe held the third-largest volume share of the market in 2019 and is expected to witness a sluggish growth rate over the forecast period. The European steel industry received a heavy blow owing to covid-19, as 18.9 million tons of steelmaking capacity was taken offline in the region. The production resumed in May 2020 but with no demand from the automotive and construction sectors, the EU market contracted by 41.5% in the first half of 2020.

The market players are facing heavy losses owing to falling product demand as the end-use industries' operations have been suspended or are working at minimal capacity. For instance, in July 2020, RHI Magnesita reported a significant decline in volumes in the second quarter of 2020. The situation is anticipated to stabilize up to a certain extent in the coming months as manufacturing activities begin to operate at a higher capacity.

Grand View Research has segmented the global dolomite market on the basis of product, end-use, and region:

• Dolomite Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
• Calcined
• Sintered
• Agglomerated
• Dolomite End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
• Construction
• Agriculture
• Glass & Ceramics
• Iron & Steel
• Water Treatment
• Others
• Dolomite Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Germany
• The U.K.
• Turkey
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa

List of Key Players of Dolomite Market

• Calcinor
• Carmeuse
• Imerys
• Lhoist
• Omya AG
• RHI Magnesita
• Sibelco
• Vardar Dolomite.

Find more research reports on Advanced Interior Materials Industry, by Grand View Research:

• Rare Earth Elements Market – The global rare earth elements market size was valued at USD 2.80 billion in 2018 and is estimated to witness a CAGR of 10.4% from 2019 to 2025.The market is driven by the increasing demand for these products in the manufacturing of magnets & catalysts for the automotive industry.
• Metal Casting Market – The global metal casting market size was valued at USD 123.8 billion in 2018 and is expected to expand at a CAGR of 5.3% from 2019 to 2025. Increasing demand for casting from the automotive sector is anticipated to drive the market growth over the forecast period.
• High Purity Alumina Market – The global high purity alumina market was valued at USD 1.83 billion in 2018 and is expected to grow at a CAGR of 20.3% from 2019 to 2025. The market growth is majorly driven by the increasing production of LED and growth in the electric vehicles market.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com 
Web: https://www.grandviewresearch.com 
Follow Us: LinkedIn | Twitter 

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg