North America Dolomite Powder Market Vigor: Navigating Trends, Growth, and Scope with a View | 2035
The North America region is anticipated to witness noteworthy growth over the forecast period owing to the increasing mining activities in the region.
The global dolomite powder market is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2023–2035. The market is segmented by application into steel making, cement industry, agriculture, glass, ceramic, rubber, and others, out of which, the agriculture segment is anticipated to hold a substantial share over the forecast period owing to the growing use of dolomite powder as a fertilizer to improve magnesium content in the soil. Moreover, it can also reduce the acidity of soil, which is another major factor expected to boost the market growth.
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The global dolomite powder market is estimated to grow on the basis of increasing applications of dolomite powder amongst various end-use industries, including construction, steel manufacturing, and agriculture industries. Dolomite is used as a soil fertilizer, owing to its high magnesium content. Moreover, it plays a vital role in manufacturing steel, which is further estimated to boost the market growth. Furthermore, growing construction activities across the world, combined with increasing demand for steel, are anticipated to encourage the market growth.
On the basis of geographical analysis, the global dolomite powder market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. For instance, the total mining products extraction amounted to approximately 10 billion metric tons in 2017. Moreover, the growth in the construction industry is also estimated to boost the market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Application of Dolomite Powder in the Construction Industry to boost the Market Growth
Dolomite powder is rich in calcium and magnesium, which is why, it is often used as an alternative for limestone. Along with this, dolomite powder is used as aggregate in concrete, for manufacturing steel, and as a plastic filler. Such diverse applications of dolomite powder are anticipated to boost the market growth.
However, health issues caused by lead present in dolomite dust is expected to operate as key restraint to the growth of global dolomite powder market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global dolomite powder market which includes company profiling of SCR-Sibelco NV, Imerys S.A., Minerals Technologies Inc., Omya AG, Carmeuse, Arihant Min chem, Nordkalk Corporation, Longcliffe Quarries Ltd., Shanghai Hy-Sailing Chemical Tech. Co., Ltd., and Lhoist Group. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global dolomite powder market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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