Dolomite Mining Market by Mineral Type (Calcined Dolomite and Sintered Dolomite) and End-Use Industry (Construction, Animal Feed, Metal Processing, and Others): Global Market Size Estimates and Forecast (2022-2030)
The market crossed US$ 2 billion mark in 2022 and is expected to hit US$ 3 billion by 2030, recording an approximate CAGR of 3.9% during the forecast period.
Increasing Demand from Construction Sector
Dolomite is a calcium magnesium carbonate mineral obtained from a sedimentary rock. It is used as an aggregator or filler material in cement. It has high surface hardness and density. Moreover, it has good weathering resistance. All these properties make dolomite an important ingredient in cement and concrete mixes. The global construction industry is growing at a rapid pace with rising population, expanding urban area, and rising per-capita income. Thus, with the growth of construction industry, the dolomite mining is expected to witness a massive growth over the forecast period.
Within the report, the market is segmented into mineral type, end-use industry, and geography. By mineral type, the market is segmented into calcined dolomite and sintered dolomite. In terms of end-use industry, the market is segmented construction, animal feed, metal processing, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Surging Demand in Animal Feed Industry
Livestock animals need calcium carbonate for bone development, proper functioning of brain, and to produce milk and eggs. Dolomite is a rich source of calcium and magnesium carbonate. Therefore, dolomite is used in animal feed, especially in cattle and poultry feed. Dolomite is incorporated vitamin fortified feeds and premixes. The awareness regarding specific nutrition for livestock animals is increasing among farmers owing to rising concerns over quality of meat among consumers and rising importance of animal health. This factor is therefore providing a strong growth potential for dolomite mining market.
Growing Utilization of Dolomite for Metal Processing
In the production of iron, dolomite is used as a desulphurizing agent. Moreover, in the steelmaking industry, dolomite is used as a refractory material and fluxing agent. The steel industry is growing at a rapid pace with rising demand from automotive, building & construction, aerospace, and marine industries. Moreover, there is a high demand for iron for the production of stainless steel. Therefore, rising demand for iron and steel from various end-use industries is anticipated to drive the dolomite market over the coming years.
Recent strategic developments in dolomite mining market
The dolomite mining market has undergone several significant developments, and a few of these have been mentioned below:
- In February 2022, United States Lime & Minerals Inc. acquired the dolomite business of Inter-Rock Minerals Inc.’s based in Oklahoma, the US
- In May 2018, Belocal, a subsidiary of Belgium-based company Lhoist, acquired the dolomite and lime business of L-Imerys
The dolomite mining market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. RHI Magnesita, Imerys, Calcinor, Lhoist, and Carmeuse are among the prominent players operating in the market.
Target audience for the report:
- Raw material suppliers
- Government bodies, such as regulating authorities and policy makers
- Suppliers of dolomite and other minerals
- Raw material suppliers for construction industry
- Manufacturers of animal feed and animal nutrition products
- Metal processing industries
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Mineral Type:
- Calcined Dolomite
- Sintered Dolomite
- End-Use Industry:
- Construction
- Animal Feed
- Metal Processing
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- RHI Magnesita
- Imerys
- Calcinor
- Lhoist
- Carmeuse
The List of Companies
- RHI Magnesita
- Imerys
- Calcinor
- Lhoist
- Carmeuse