Introduction of Dolomite Market

Posted by Trade Global on February 22nd, 2023

During the course of the forecast period, the dolomite market is anticipated to expand at a CAGR of more than 3%. During the course of the forecast, the cement segment is anticipated to rule the worldwide dolomite market.

The market is expanding as a result of rising demand for refractory goods, steel, and construction materials. Another important element influencing the market is the manufacturing of glass and ceramics, as these sectors employ dolomite as a raw material. Also, the industry is being driven forward by the rising use of chemicals like magnesium sulfate, bleach powder, and so on.

Dolomite is used in a variety of industries, including construction, agricultural, chemical, steel, and refractories. The highest market share for dolomite globally in terms of value belonged to the construction sector. This can be ascribed to an increase in the construction of infrastructure around the world as well as a rise in the demand for dolomite-based building products like concrete and asphalt aggregate. Dolomite is also utilized as a soil conditioner in agricultural applications because it can increase crop output by giving plants vital elements like calcium and magnesium.

Prospects for the dolomite market are improved by advancements in the steel sector. Refractory industry advancements have indirectly increased market demand. Additionally, developments in the ferrous metallurgical process industry over the past ten years have significantly fueled the growth of the dolomite market. Dolomite's demand for the biomass gasification process has increased due to the material's low cost. The market for dolomite has two major product types: calcium and magnesium.

Rising Demand from the Cement Industry

In addition to being combined with bituminous materials for roads and other comparable projects, dolomite is used as an aggregate in Portland cement concrete, which is used for buildings, bridges, and other constructions. Dolomite is also calcined in the process of making cement, and after that, it is chopped into blocks of a particular size.

One of the biggest consumers of cement is the construction sector. Globally, the expanding commercial and industrial construction industries are witnessing a boom. Globally lower interest rates, rising living standards, rising per capita income, industrialization, infrastructure development, etc. are driving the market under study. An increase in construction activity is driving up cement consumption. Moreover, cement is used to create base courses for different pavement types, water-bound macadam, and soil aggregate roads.