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Dolomite Mining Market is anticipated to grow up to US$ 2.7 billion, at a CAGR of 4.1% during the forecast period 2022-2031

Dolomite Mining Market is anticipated to grow up to US$ 2.7 billion, at a CAGR of 4.1% during the forecast period 2022-2031

 

 
The global dolomite mining market was valued at US$ 1.8 billion in 2021 and it is anticipated to grow up to US$ 2.7 billion by 2031, at a CAGR of 4.1% during the forecast period.

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Dolomite is an anhydrous and transparent carbonate mineral rich in magnesium and calcium. It also includes some levels of iron. Also, dolomite rock (also known as dolostone) is crushed and sized before it is used as an aggregate for the construction and maintenance of roads. Dolomite mining is a non-metallic mineral used to create ceramics, glass, composites, and refractory materials. It is also utilized in environment preservation, chemical manufacturing, and energy conservation. The dolomite mineral finds its application in mining, manufacturing, and refining.

Market Drivers and Trends:

A surge in the construction industry is acting as one of the major factors significantly influencing the application of dolomite in producing cement, paints, steel, varnishes, and flooring tiles. It is also used to suppress coal mining dust and manufacture pipes, rubbers, boiler coverings, papers, potteries, leathers, and high-magnesium limes. Moreover, the growing consumption of agricultural products and increasing concerns about food security promote dolomite application as a soil conditioner to neutralize acidity.

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Due to the rising environmental concerns, several governments are introducing stringent regulations that mandate water recycling in the industrial sector, which, in turn, is contributing to market growth. As dolomite is also used to optimize the pH of distilled water, filtrate potable water, reverse osmosis water, and add natural minerals to the purified, dolomite mining is anticipated to rise in the coming years.

COVID-19 Impact
In 2020, the COVID-19 pandemic caused the production lines of the mining industry to collapse. The COVID-19 pandemic affected the global construction industry and other industries, such as cement and fertilizers. Due to the lockdown imposed in several nations, domestic and foreign trade have been restricted, substantially influencing the supply chain of multiple worldwide sectors, consequently expanding the supply-demand gap.

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Major Players in the Global Dolomite Mining Market:

The key players studied in the global dolomite mining market are Arihant Min Chem (India), Calcinor (Spain), E. Dillon & Company (US), Essel Mining & Industries Limited (India), Imerys S.A. (France), JFE MINERAL & Alloy Co., LTD (Japan), Lhoist Group (Belgium), Nittetsu Mining Co.,Ltd. (Japan), Nordkalk Corporation (Finland), and Omya AG (Switzerland).

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