Dolomite Market 2024: Global Industry Insights, Growth Drivers, and Forecast

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The new report published by The Business Research Company, titled Dolomite Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the dolomite market size has grown strongly in recent years. It will grow from $2.25 billion in 2023 to $2.40 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The dolomite market size is expected to see strong growth in the next few years. It will grow to $3.13 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.

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What Is Driving The Growth Of The Global Dolomite Market?

Growing Construction Industry Growth In Dolomite
The growing construction industry is expected to propel the growth of the dolomite market going forward. The construction industry involves the planning, designing, and executing of building and infrastructure projects, including residential, commercial, and civil engineering works. The demand for the construction industry is growing due to population growth, urbanization, infrastructure upgrades, and real estate investment, which drive new projects and renovations. Dolomite is valuable in the construction industry as it is used as aggregate in concrete and asphalt, in lime production for soil stabilization, and as a material in building products and road construction. For instance, in February 2023, according to the Office for National Statistics, a UK-based statistics authority, in 2022, the UK's annual construction output rose by 5.6% compared to 2021, following a record increase of 12.8% in 2021. Therefore, the growing construction industry is driving the dolomite market.

What Is The Key Trend In The Global Dolomite Market?

Strategic Alliances In The Dolomite Market
Major companies operating in the dolomite market are focusing on diversifying their product offerings through collaborations to enhance their market presence and cater to a broader range of consumer needs. Product offerings through alliances are a strategy for expanding a company's range of products or services by forming partnerships or alliances with other businesses. For instance, in July 2024, Blastr Green Steel, a Norway-based company focused on producing green steel, partnered with Lhoist Group, a Belgium-based company that produces lime, dolomite, and minerals, to supply low-carbon lime and dolime (dolomitic lime) for its future steel plant in Inkoo, Finland, to significantly reduce Scope 3 emissions in steel production. This collaboration focuses on using Lhoist's LEVEL|GREEN products, which could lower emissions by up to 50 kg CO2 per tonne of steel produced, helping Blastr achieve its ambitious target of 300 kg CO2 emissions per ton, representing a 90% reduction compared to traditional methods. The partnership will also provide technical support for integrating these materials into the production process and explore establishing a terminal for efficient supply logistics, ultimately contributing to Blastr's goal of producing 2.5 million metric tons of ultra-low CO steel annually.

How Is The Global Dolomite Market Segmented?
The dolomite market covered in this report is segmented -

1) By Product: Calcined Dolomite, Agglomerated Dolomite, Sintered Dolomite
2) By Crystal Type: Planar-E, Planer-S, Non-Planar
3) By End-User Industry: Agriculture, Ceramics And Glass, Cement, Mining And Metallurgy, Pharmaceuticals, Water Treatment, Other End-User Industries

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How Is The Competitive Landscape Of The Global Dolomite Market?
Major companies operating in the dolomite market are JFE Mineral & Alloy Company Ltd., CEMEX S.A.B. de C.V., Martin Marietta Materials Inc., Imerys S.A., Sibelco NV, Omya Group, RHI Magnesita N.V., Graymont Inc., Carmeuse, Mississippi Lime Company, Nordkalk Corp., Essel Mining & Industries Limited (EMIL), Alpha Chemika, E. Dillon & Company, The Dolomite Group, Linwood Mining and Minerals Corporation, Lhoist SA, Calcinor S.A., Chirag Minerals, Longcliffe Quarries Ltd., Grupo Calidra

Contents Of The Global Dolomite Market
1. Executive Summary
2. Dolomite Market Report Structure
3. Dolomite Market Trends And Strategies
4. Dolomite Market - Macro Economic Scenario
5. Dolomite Market Size And Growth
…..
27. Dolomite Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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