Dolomite usage is increasing significantly across construction, agriculture, and manufacturing sectors. This is set to boost dolomite sales during the assessment period.
According to Coherent Market Insights, the global dolomite industry is set to grow at a CAGR of 5% during the forecast period. The target industry value will likely cross US$ 4337.1 million by the end of 2030.
Omya Group, Imerys S.A., JFE Minerals, Sibelco, Varbar Dolomite, Carmeuse, and RHI Magnesita are few dolomite manufacturers and suppliers. To capitalize on emerging opportunities, leading players employ various organic and inorganic strategies. These include novel product launches, acquisitions, new facility establishments, partnerships, collaborations, and alliances.
In March 2023, REFRACTARIOS KELSEN S.A., a prominent European leader in producing dolomite bricks and mixes, opened a new dolomite fired brick manufacturing plant. This underscores the company’s commitment to supply Europe’s steel industry with raw materials and high-quality dolomite refractory products.
In January 2022, Omya, a prominent producer of industrial minerals introduced Top Flow Ca for the agricultural industry. The new product is a liquid limestone solution developed for soil conditioning and crop nutrition.
Top Flow Ca’s ultrafine particles release calcium rapidly to correct soil acidity and provide calcium nutrition to the plant. It can be applied through an irrigation system as well as with traditional spray equipment. The new solution is easy to handle and use, giving growers the flexibility to fit the needs of operation and crop.
Key Factors Propelling Dolomite Industry Growth
The future of dolomite industry looks bright. This is mainly due to increasing adoption of dolomite in steelmaking, agriculture, and construction sectors. Similarly, rising production of glass and ceramic will likely boost sales growth.
Dolomite is widely used as a crushed stone or aggregate in concrete and asphalt mixes. It provides increased strength to structures as well as reduces the risk of cracking.
Dolomite also improves resistance to erosion and weathering, making it a preferred material in roads, bridges, and buildings. This growing usage of dolomite in construction projects is expected to boost the industry’s growth.
Rising adoption of dolomite in cement production is also impacting sales growth. It has become a cost-effective alternative to limestone in cement manufacturing and is being increasingly used as a filler material.
Applications of dolomite in agriculture are expanding. It is being widely used by farmers for soil remineralization purposes. This will also play a key role in fostering sales growth during the assessment period.
Regional Insights
Asia Pacific dominates the global dolomite industry. This is due to growing popularity and usage of dolomite in agriculture and construction sectors. Nations like China and India are witnessing robust expansion of agriculture and construction industries, resulting in extensive usage of dolomite. Widening usage of dolomite in water treatment is also informing sales growth in the region.
