The Global Dolomite Market Growth Accelerated By Rising Demand From Construction Industry

 

Dolomite is a carbonate mineral composed primarily of calcium magnesium carbonate. It is used as an ornamental stone, a concrete aggregate, and a source of magnesium oxide. Dolomite's properties make it well-suited for use in road base materials, railroad ballast, concrete aggregate, agricultural applications, and structural fill.

The global dolomite market is estimated to be valued at US$ 3088.79 Mn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing construction activities around the globe have significantly driven the demand for dolomite over the past few years. Dolomite is widely used as an aggregate in concrete manufacturing, which is largely consumed in the construction of buildings, roads, bridges, and other infrastructure development projects. According to the Global Construction Perspectives and Oxford Economics, the global construction industry is forecast to grow by 85% to $15.5 trillion by 2030. This massive growth in the global construction sector will continue to boost the demand for dolomite over the coming years.

Segment Analysis
The global dolomite market is segmented by type into calcined dolomite and uncalcined dolomite. The calcined dolomite segment is expected to hold the dominating market share as calcined dolomite exhibits greater chemical and thermal stability than uncalcined dolomite. It has higher calcium content and shows more resistance to moisture. Due to these superior properties, calcined dolomite sees wider applications over uncalcined dolomite in sectors like steel, glass & ceramic, and agriculture.

Key Takeaways
The Global Dolomite Market Size is expected to witness high growth. The global dolomite market is estimated to be valued at US$ 3088.79 Mn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030.

The Asia Pacific region holds the fastest growing market for dolomite. China, India, and Indonesia have abundant dolomite reserves and growing construction activities which is driving the demand in the region. Key players related content comprises Key players related content: Key players operating in the dolomite market are Betatech Medical, Hemostasis LLC, CryoLife Inc., CSL Limited, Medtronic PLC, Johnson & Johnson, B.Braun Melsungen AG, Baxter International Inc., Integra Lifesciences Holdings Corporation, and Becton, Dickinson and Company (CR Bard), among others.

For More Insights, Read: https://www.newsstatix.com/dolomite-market-size-share-and-growth-forecast-2023-2030/