The global dolomite powder market size was US$ 27.3 billion in 2021. The global dolomite powder market size is forecast to grow to US$ 35.1 billion by 2030, registering a compound annual growth rate (CAGR) of 3.50% during the forecast period from 2022 to 2030.
Dolomite Powder is the limestone powder and is used as a refractory and a flux. The process is linked with the steel-making process.
COVID-19 Impact Analysis
The sudden onset of COVID-19 has hampered the industrial supply chain. To prevent the spread of disease, governments around the world have implemented stringent lockdowns and bans on import-export activities. In addition, the manufacturing of steel also halted, which impacted the trade of the dolomite powder.
Factors Influencing the Market
Regional Analysis
During the forecast period, the Asia-Pacific dolomite powder market is forecast to hold the largest share. The region's expansion can be attributed to India's and China's vital contributions. The dolomite powder market is expanding rapidly in these countries due to the growing metal and building & construction industries. The market in Europe is forecast to register a high growth rate due to rising demand from the steel and cement industries. Moreover, its high rigidity and tensile strength are increasingly preferred in the glass and ceramics industry, which would fuel the market's expansion in the region.
Competitors in the Market
Market Segmentation
The global dolomite powder market segmentation focuses on Type, Application, and Region.
Global Dolomite Powder Market, By Type:
Global Dolomite Powder Market, By Application:
Global Dolomite Powder Market, By Region