Dolomite Mining Market Analysis and Forecast to 2031: By Mineral Type (Calcined Dolomite, Sintered Dolomite), Application (Construction, Agriculture, Animal Feed, Ceramics and Glass, Iron and Steel, Others), and Region
The global dolomite mining market was valued at US$ 1.8 billion in 2021 and it is anticipated to grow up to US$ 2.7 billion by 2031, at a CAGR of 4.1% during the forecast period.
Dolomite is an anhydrous and transparent carbonate mineral rich in magnesium and calcium. It also includes some levels of iron. Also, dolomite rock (also known as dolostone) is crushed and sized before it is used as an aggregate for the construction and maintenance of roads. Dolomite mining is a non-metallic mineral used to create ceramics, glass, composites, and refractory materials. It is also utilized in environment preservation, chemical manufacturing, and energy conservation. The dolomite mineral finds its application in mining, manufacturing, and refining.
Market Drivers and Trends
A surge in the construction industry is acting as one of the major factors significantly influencing the application of dolomite in producing cement, paints, steel, varnishes, and flooring tiles. It is also used to suppress coal mining dust and manufacture pipes, rubbers, boiler coverings, papers, potteries, leathers, and high-magnesium limes. Moreover, the growing consumption of agricultural products and increasing concerns about food security promote dolomite application as a soil conditioner to neutralize acidity. Due to the rising environmental concerns, several governments are introducing stringent regulations that mandate water recycling in the industrial sector, which, in turn, is contributing to market growth. As dolomite is also used to optimize the pH of distilled water, filtrate potable water, reverse osmosis water, and add natural minerals to the purified, dolomite mining is anticipated to rise in the coming years.
Market Restraints and Challenges
Dolomite mining has also created numerous environmental problems such as destruction of landscape, damage to natural drainage, pollution, and destruction of natural habitats. These mining activities have disturbed the natural habitat of many species. Further, dolomite is possibly unsafe for most adults when taken by mouth. Some dolomite products might contaminate heavy metals such as aluminum, arsenic, lead, mercury, and nickel. Because of this concern, choosing a safer calcium or magnesium supplement might be wise. Also, dolomite might cause stomach irritation, constipation, nausea, vomiting, and diarrhea. Hence, these dolomite adverse effects might act as a restraining factor for the dolomite mining market.
Global Dolomite Mining Market Segmental Overview
The report analyses the global dolomite mining market based on mineral type, application, and region.
Global Dolomite Mining Market by Mineral Type
Based on mineral type, it is bifurcated into calcined dolomite and sintered dolomite. The calcined dolomite segment is expected to be the largest segment in the dolomite mining market in 2021 is due to increased demand for calcined dolomite from construction industry. Calcined Dolomite is used in the iron and steel industry, specifically in refractory lining protectors, in agriculture as a soil conditioner and in the environmental sector in water treatment. Due to these factors mentioned above, the calcined dolomite segment is expected to hold a major market share in 2021.
Global Dolomite Mining Market by Application
Based on application, it is segmented into construction, agriculture, animal feed, ceramics and glass, iron and steel, and others. The construction segment is expected to be the largest segment in the dolomite mining market in 2021. This is due to increased demand for construction products such as cement and putty. Further, dolomite is used as a filler in concrete and asphalt mix in the form of crushed stone in construction aggregate to construct roads, parking lots, highways, sidewalks, pavements, residential streets, and airport runways. Thus, the construction segment will likely hold a major market share in 2021.
Geographical Analysis of Global Dolomite Mining Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021 due to increasing road construction activities in the region. Rapid industrialization in the region has caused an upsurge in investments in transport infrastructure, which is likely to spur market growth. This, in turn, boosts the demand for dolomite mining in the Asia Pacific region.
Major Players in the Global Dolomite Mining Market COVID-19 Impact
In 2020, the COVID-19 pandemic caused the production lines of the mining industry to collapse. The COVID-19 pandemic affected the global construction industry and other industries, such as cement and fertilizers. Due to the lockdown imposed in several nations, domestic and foreign trade have been restricted, substantially influencing the supply chain of multiple worldwide sectors, consequently expanding the supply-demand gap. Consequently, an insufficient supply of raw materials is anticipated to hamper dolomite's production rate, negatively influencing market expansion. However, in 2021, this scenario had improved as governments worldwide began to ease restrictions on the resuming of commercial activity.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook