Press release
Dolomite Powder Market Size to be Driven by the Increasing Demand for Dolomite Powder in the Cement Manufacturing Process in the Forecast Period of 2023-2028
Dolomite Powder Market
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 3.0% (Global Dolomite Market)
The increasing demand for dolomite powder in cement manufacturing owing to the robust infrastructure development and the rising residential and commercial construction activities is driving the market growth.
The surging application of agriculture grade dolomite powder in soils to control acidity and enhance the quality of crops is anticipated to spearhead the market growth in the forecast period.
Moreover, the growing demand for rubber as a primary constituent in the manufacturing process of clothes, toys, and aircraft, among others, is likely to provide impetus to the dolomite powder market in the coming years. Geographically, the Asia Pacific accounts for a significant share of the market owing to the rapid industrialisation and urbanisation in emerging economies of the region.
Dolomite Powder Industry Definition and Major Segments
Dolomite powder is defined as a type of limestone that contains magnesium and calcium carbonate, along with several other minerals. This material makes up 2 percent of the earth's crust. Dolomite powder is an anhydrous carbonate substance that is naturally white and can be easily dispersed. Moreover, it is majorly used as a fluxing agent for glass manufacturing, plastering, and adhesives, among others.
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On the basis of application, the market can be segmented into:
• Agriculture
• Cement
• Glass and Ceramic
• Paint and Coating
• Rubber
• Steel
• Others
The regional markets for dolomite powder include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Dolomite Powder Market Trends
The key trends in the market for dolomite powder include the global increase in demand for steel owing to technological advancements in the major end use industries such as automotive, aerospace, and defence, among others. In addition to this, the robust development of steel melting facilities, where the dolomite powder is extensively used as a refractory, fettling, and ramming material, is boosting the market growth.
The growing mergers and acquisitions by major manufacturers to meet the rising demand for dolomite powder in polymer applications are likely to fuel the market. Furthermore The thriving animal feed industry owing to the rising demand for dairy and poultry products is anticipated to significantly contribute to the market growth of dolomite powder in the forecast period.
Key Market Players
The major players in the market are:
SCR-Sibelco NV
Lhoist Group
Imerys Group
Carmeuse Coordination Center SA
Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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