Dolomite Powder Market to rise from USD 27.9 Billion in 2023 to USD 38.8 Billion

Dolomite Powder Market Research Report Information By Type (Calcium Dolomite, Magnesia Dolomite), By Application (Steel-making, Cement Industry, Agriculture, Glass, Ceramic, Rubber, Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

New York (US), Aug. 03, 2023 (GLOBE NEWSWIRE) — Dolomite Powder Market Overview

According to a Comprehensive Research Report by Market Research Future (MRFR), “Dolomite Powder Market Information by Type, Application, and Region – Forecast till 2032″, With a CAGR of 4.20% over the projection period (2023-2032), the dolomite powder market will rise from USD 27.9 billion in 2023 to USD 38.8 billion by 2032.

Market Synopsis

Anhydrous carbonate mineral dolomite powder contains calcium magnesium carbonate. This powder is employed in a variety of processes, including the production of steel, cement, agricultural products, ceramics, glass, rubber, and mining. According to a report by the World Steel Association, steel production increased in 2019 from 1,681.2 million tonnes in 2018 to 1,657.9 million tons. The main driver of dolomite powder use is anticipated to be this rise in steel production. Dolomite is furthermore utilized in place of limestone in applications that call for both calcium and magnesium minerals. The market is anticipated to grow over the forecast period as a result of the rising use of this powder in such a wide range of applications. During the projection period for the dolomite powder market, it is anticipated that the market for this product will expand as a result of the creation of such new applications.

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Market Competitive Landscape:

The key dolomite powder manufacturers in the market include

• Sibelco (Belgium)

• Minerals Technologies Inc. (U.S.)

• Imerys S.A. (France)

• Beihai Group (China)

• Arihant MinChem (India)

• Omya Group (Switzerland)

• Lhoist Group (Belgium)

• Carmeuse (Belgium)

• Nordkalk Corporation (Finland)

• Longcliffe Quarries Ltd. (U.K.)

• Among others.

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Report Scope:

Browse In-depth Market Research Report (128 Pages) on Dolomite Powder:

https://www.marketresearchfuture.com/reports/dolomite-powder-market-11951

Market USP Covered:

Market Drivers:

During the projected period, business opportunities for the market will be stimulated by the booming steel and iron sector. Dolomite is used to remove impurities from slag during the manufacturing of steel. Additionally, open-hearth steel furnace refractory linings made of dolomite powder are used. The market will benefit greatly from the rising demand for dolomite in mini-steel plants for fettling and refractory applications. The market is anticipated to quickly expand thanks to increased steel production and consumption.

98% of the raw materials needed to produce crude steel are transformed into goods and byproducts, according to the World Steel Association. Zero waste is the industry’s objective.  The market will likely see sales opportunities as a result of the increased focus on recycling steel. However, if more construction projects are undertaken, the demand for steel will also rise. This would be positive for the market.

Market expansion is also fuelled by the expanded use of dolomite powder in other industries including residential and commercial construction. For instance, it has been discovered that substituting dolomite powder for cement increases concrete’s strength. The highest improvement in the 28th-day compression and flexural strength was found to be 10.4% and 17.8%, respectively, at this replacement level. The ideal replacement percentage of cement with dolomite powder is found to be 10%.

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Market Restraints:

Lead impurities in dolomite minerals may persist in the powder after processing. Such powder might contaminate the environment and poison people and animals with lead if it is added to fertilizers and animal feed. Short-term side effects of lead exposure include fatigue, nausea, diarrhea, headaches, and stomach aches. Learning deficiencies, attention deficit disorder, hyperactivity, antisocial behavior, and neurological issues are additional long-term negative effects. This means that the adverse effects…