Press release
Calcium Magnesium Carbonate Market to Witness Robust Expansion by 2023
Calcium magnesium carbonate, also called dolomite, is a naturally occurring double carbonate consisting of a structural arrangement of calcium carbonate CaCO3 and magnesium carbonate MgCO3. The nodular particle shape of dolomite crystals has similarities to marble ones. Therefore, dolomite is often present together with marble. Its sedimentary origin had been subjected to high pressure and temperature (metamorphosis) during movements in the earth's crust.
According to QYR’s analysts, the concentration of calcium magnesium carbonate industry is relative low. The top five companies were estimated to account for 12.32% production volume market share in 2016. The major production regions mainly located in Europe, USA, China, India and South America. And the major manufacturers include Lhoist Group, Imerys, Liuhe Mining, Cemex, Carriere de Merlemont and others.
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Global Calcium Magnesium Carbonate Market: Forecast by Type / Application / Region
The global production of calcium magnesium carbonate increases from 101093.8 K MT in 2012 to 111002.9 K MT in 2016, and expect to grow at a CAGR of 2.51% from 2017 to 2022. In 2016, USA calcium magnesium carbonate production share was about 40.74% in 2016. Europe production share took 31.29% and China production share took 8.16%.
Calcium magnesium carbonate is very high demand in Europe, USA and China. During 2012 and 2017, USA calcium magnesium carbonate consumption kept stable with 40245.4 K MT in 2012 and 44587.3 K MT in 2017,. On the other hand, Europe calcium magnesium carbonate consumption increased from 32501.7 K MT in 2012 to 36775.8 K MT in 2017.
Calcium magnesium carbonate is an essential mineral which is using in many industries. The principal uses of industrial dolomite, firstly as a refractory and later as a flux, have been linked with iron and steelmaking since the latter part of the 19th century. In 2016, the industrial field is dominated the market with 64.66% share.
Despite the huge market of the industry, but the current calcium magnesium carbonate downstream industry is saturated, so the market competition will continue to increase, resulting in significant reduction of profits for small manufacturers, leading to the possibility of changes in the market.
Over the next five years, LPI(LP Information) projects that Calcium Magnesium Carbonate will register a 2.4% CAGR in terms of revenue, reach US$ 2920 million by 2023, from US$ 2530 million in 2017.
Global Calcium Magnesium Carbonate Market: Key Players
Lhoist Group
Imerys
Liuhe Mining
Omya Group
Sibelco
Specialty Minerals
Cemex
Nordkalk
Beihai Group
E. Dillon & Company
Graymont
Wancheng Meiye
Longcliffe Quarries
Jindu Mining
Carriere de Merlemont
Nittetsu Mining
Arihant MinChem
Dongfeng Dolomite
Jinding Magnesite Group
PT Polowijo Gosari
MINERARIA DI BOCA SR
Carmeuse
Danding Group
Multi Min
Shinko Kogyo
Samwha Group
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Related Information:
United States Calcium Magnesium Carbonate Market Research Report 2018
Europe Calcium Magnesium Carbonate Market Research Report 2018
North America Calcium Magnesium Carbonate Market Research Report 2018
Asia-Pacific Calcium Magnesium Carbonate Market Research Report 2018
China Calcium Magnesium Carbonate Market Research Report 2018
EMEA Calcium Magnesium Carbonate Market Research Report 2018
Global Calcium Magnesium Carbonate Market Research Report 2018
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