The global dolomite mining market size was US$ 1.8 billion in 2021. The global dolomite mining market size is estimated to reach US$ 2.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.9% during the forecast period from 2022 to 2030.
Dolomite is a transparent and anhydrous carbonate mineral that is rich in calcium, magnesium, and magnesium. It also possesses some levels of iron. It is a versatile, non-metallic mineral that may be used in forming composites, ceramics, glass, and refractory materials. It is also used in energy conservation, environment preservation, and chemical manufacturing. It finds its use in refining, mining, manufacturing, etc.
Factors Influencing Market Growth
• The dolomites are used as a soil conditioner in horticulture, hence increasing the need for dolomites on the market and driving the overall market growth.
• The dolomites, which are used in the production of ceramics and glass, as a result of evolving interior design trends are driving the overall market expansion.
• The substitution of raw dolomites with igneous rock containing olivine minerals drives the overall market expansion.
Effect of the COVID-19 Pandemic
COVID-19 had a severe impact on the overall market growth. As dolomite is a raw material for many industries, such as the ceramic, glass, cement, ferroalloys, and fertilizer sectors. The mining sector delivers the prevalence of dolomite. However, the COVID-19 pandemic has caused the production lines of the mining sector to collapse. The pandemic affected the global construction industry and other sectors like fertilizers and cement, which also experienced a decrease in development. Thus, hindering the overall market expansion.
Regional Analysis
Asia-Pacific had the highest market share in 2021 and is anticipated to grow at a CAGR during the analysis period. The rise in need from the electronics and construction industries and the substitution of raw dolomites with igneous rock containing olivine minerals drives the overall market expansion in the region.
Leading Competitors
The prominent players in the global dolomite mining market are:
• Sibelco Group
• Rhi Magnesita
• Omya Ag
• Nittetsu Mining
• Liaoning Beihai
• Essel Mining & Industries
• E. Dillon & Company
• Jfe Mineral
• Arihant Min Chem
• Lhoist
• Others
Segmentation Analysis
The global dolomite mining market segmentation focuses on Mineral Type, Application, and Region.
Segmentation on the basis of Mineral Type
• Calcined Dolomite
• Sintered Dolomite
Segmentation on the basis of Application
• Construction
• Agriculture
• Animal Feed
• Ceramics and Glass
• Iron and Steel
• Others
Segmentation on the basis of Region
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America