The Dolomite Market is expected to grow at > 3.5% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Dolomite Market
Dolomite Market is likely to witness moderate CAGR of 3.5% during the forecast period. The prime factor that is contributing to the demand for dolomites is mainly the increasing usage of steel production in large scale across the globe owing to its wide applications.
Asia-Pacific is estimated to be the largest as well as fastest growing dolomite market during the forecast period, with China, and, India being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as construction and agriculture, which is generating huge demand for dolomites and the presence of a large number of dolomite manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Dolomite Market Share: By End-Use Type
Based on the end-use type, the market is segmented as construction, and iron & steel. The iron & steel segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The wide use of dolomite as a refractory material in steel making, converter lining, opening hearth furnace, and electric furnace wall is driving the growth of this segment.
Dolomite Market Share: By Product Type
Based on the product type, the market is segmented as agglomerates, calcined, and sintered. The calcined segment dominates the market, as it plays an essential role in iron and steel industry for refractory lining protectors and scorifier. Further, it is use as soil conditioner and in water treatment in agricultural work. All this wide application of calcined propelling the growth during the forecast period.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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