The newly launched report by Stratview Research, titled ‘Dolomite Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity has been bifurcated by End-Use Type (Construction, and Iron Steel), by Product Type (Agglomerates, Calcined, and Sintered), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
According to the report the dolomite market was estimated at USD 2.4 billion in 2021 and is likely to grow at a CAGR of 3.76% during 2022-2028 to reach USD 3.12 billion in 2028.
Key Players
The following are the key players in the market-
- Calcinor
- Carmeuse
- Imerys
- Lhoist
- Omya AG
- RHI Magnesita
- Sibelco
- Vardar Dolomite
Segment Analysis
Based on the end-use type, the market is segmented as construction, and iron steel. The iron steel segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period. The wide use of dolomite as a refractory material in steel making, converter lining, opening hearth furnaces, and electric furnace walls is driving the growth of this segment.
Based on the product type, the market is segmented as agglomerates, calcined, and sintered. The calcined segment dominates the market, as it plays an essential role in the iron and steel industry for refractory lining protectors and scorifiers. Further, it is used as a soil conditioner and in water treatment in agricultural work. All this wide application of calcined propelling the growth during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market during the forecast period, with China, and India being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as construction and agriculture, which are generating huge demand for dolomites and the presence of a large number of dolomite manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Research Methodology
Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.
About Stratview Research -
Stratview Research is one of the leading providers of custom and syndicated market research reports. We also offer services like Sourcing, Market Entry Strategy, Target Screening, Voice of Market Study, and much more. In case of any requirement related to market assessment, competitive benchmarking, and others, please send your inquiry to the team.
Email at - [email protected]
Connect with the analysts at - +1-313-307-4176.
