Dolomite Powder Market size was valued at USD 3.12 Billion in 2023 and is poised to exceed USD 5.13 Billion by the end of 2036, registering over 3.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of dolomite powder is evaluated at USD 3.23 Billion. The dolomite powder sector is receiving immense demand in the construction industry owing to its wide application in the construction sector. It is used in the production process of the two most significant construction materials i.e. steel and cement.
Dolomite powder is used as a very important material in the manufacturing of concrete and is heated to produce cement. The durability of concrete is shown to increase when dolomite powder is used in place of cement. The 28th-day tensile and flexural strength maximum increases were determined to be 10.4% and 17.8%, respectively, at the replacement level of 10%, which is considered to be the ideal substitution amount of cement with dolomite powder.
Besides the construction sector, dolomite powder usage can also widely be seen in the steel industry to remove impurities from slag during the manufacturing of steel. Additionally, open-hearth steel furnace refractory linings are made of dolomite powder.
The market is anticipated to expand rapidly owing to increased steel production and consumption. About 98% of the raw materials required to produce crude steel are turned into goods and byproducts, according to the world steel association. Zero waste is the industry's objective. The market is likely to witness sales opportunities as a result of the increased focus on recycling steel.
Growth Driver
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
3.9% |
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Base Year Market Size (2023) |
USD 3.12 Billion |
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Forecast Year Market Size (2036) |
USD 5.13 Billion |
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Regional Scope |
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Application (Steel Making, Cement Industry, Agriculture, Glass, Ceramic, Rubber)
The steel-making segment in the dolomite powder market is estimated to observe the largest revenue throughout the forecast timeframe. Being a refractory substance, dolomite is used in walls of electric furnaces, the lining of steelmaking transformers, and opening hearth furnaces. The market players have raised their manufacturing capacity as the demand for refractory substances seems to rise. For instance, RHI Magnesita declared investing USD 24 million to increase its Dolomite site in China in June 2018.
Moreover, the growing use of steel in the automotive industry and construction sectors is anticipated to propel the market growth of this segment in the predicted period.
Type (Calcium Dolomite, Magnesium Dolomite)
The calcium dolomite segment is assumed to witness the largest market share of 60% by the end of 2036. The growth of this segment can be attributed to the account of the high application of this type in the steel industry for the production of stainless steel and it is also used as refractory lining prevention and scorifiers.
The wide application of calcium dolomite can also be seen in the cement, concrete, refractories, and mortars sector which is also predicted to boost the segment growth in the projected period.
Our in-depth analysis of the global market includes the following segments:
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Type |
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Application |
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North American Market Statistics
The dolomite powder market in North America is set to account for the largest market share of 35% throughout the projected period owing to the growing steel manufacturing industry in the region. Additionally, the United States is the largest consumer of steel in terms of construction and automotive application which is estimated to drive the market expansion. Moreover, the substantial development in mining activities over the years is also estimated to impact market growth. In 2018, around 26 billion tons of mining products were excavated in the North American region.
APAC Market Analysis
The dolomite powder market in the Asia Pacific region is assumed to witness modest growth in the period between 2023 - 2036 on the back of growing mining activities in the region, along with rapid growth in the construction industry. The Asia Pacific region is home to the world's largest market for the building and construction industry i.e., China and India. The escalating demand for dolomite powder in the production of cement and steel in the region is expected to propel regional market growth. Moreover, the growing usage of animal feed is also anticipated to propel the market demand in this region.
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Lhoist Group to expand its lime production capacity with new energy efficient vertical kiln, in order to meet growing steel industry demand.
Author Credits: Rajrani Baghel
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