Dolomite Market Analysis

Calcined dolomite market gained notable traction in 2022 and is anticipated to grow considerably between 2023 and 2032. Calcined dolomite is produced by heating dolomite to a high temperature, resulting in the release of carbon dioxide and transforming the mineral into a more reactive and pure form of magnesium oxide and calcium oxide. This processed dolomite finds extensive applications in steelmaking to remove impurities and improve the quality of steel. In the automotive sector, the consumption of steel products during 2021-2022 grew by 3.3%. To that end, the growing demand for steel in various industries, including construction and automotive will fuel the segment expansion.

The glass and ceramics segment held around 32% revenue share of the dolomite market and is set to witness substantial growth through 2032. This can be attributed to the rising adoption of dolomite as a crucial raw material in glass and ceramics manufacturing due to its unique properties, such as high magnesium and calcium content to offer improved product quality and durability. According to the Glass Packaging Institute of America, the domestic glass container sector sold 16.2 billion bottles and jars to several brands and comparable end markets through the third quarter in 2022. The increasing demand for glassware, ceramics, and other related products will thereby propel the segment growth.

North America held sizable share of the global dolomite market, accounting for USD 0.6 billion in 2022 and is set to record considerable growth between 2023 and 2032. The presence of robust construction industry in the region is driving the demand for dolomite in road construction, concrete, and asphalt production. The increasing steel production and the emphasis on sustainable agricultural practices in North America have boosted the demand for dolomite. Furthermore, the presence of key players along with continuous technological advancements in dolomite extraction and processing will contribute to regional market expansion.