The global dolomite powder market size is expected to reach USD 33.44 billion by 2027, exhibiting a CAGR of 3.8% during the forecast period. The growing use of dolomite in the steel industry is predicted to enable healthy growth of the market, states Fortune Business Insights, in a report, titled “Dolomite Powder Market Size, Share & Industry Analysis, By Type (Calcium Dolomite, and Magnesia Dolomite), By Application (Steel-making, Cement Industry, Agriculture, Glass, Ceramic, Rubber, and Others), and Regional Forecast, 2025-2032.” The market size stood at USD 25.41 billion in 2019.

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The Report Lists the Main Companies in the Dolomite Powder Market:

Market Drivers

  1. Rising Construction Activities: Dolomite powder is extensively used as an aggregate in cement and concrete. The booming construction industry, particularly in emerging economies, is a significant driver of market growth.
  2. Growing Steel Industry: Dolomite powder is used as a fluxing agent in steel manufacturing. The expansion of the steel industry, driven by infrastructure development and industrialization, is boosting demand.
  3. Agricultural Applications: Dolomite powder is utilized to neutralize soil acidity and improve crop yield. The increasing focus on sustainable agriculture practices is contributing to market expansion.
  4. Expanding Pharmaceutical Industry: Dolomite is a source of calcium and magnesium, making it a crucial ingredient in pharmaceutical products, dietary supplements, and cosmetics.

Inflated Demand from Steel Industry to Foster Growth

The surging steel and iron industry is expected to spur business opportunities for the market during the forecast period. Dolomite is used as a slag flux in the production of steel to remove impurities. Dolomite powder is also used in refractory linings of open-hearth steel furnaces. The increasing demand for dolomite in mini-steel plants for fettling and refractory applications will have an excellent effect on the market. The rising production and consumption of steel is expected to enable speedy expansion of the market. As per the World Steel Association, 98% of the raw materials used to make crude steel are converted to products and by-products. The steel industry’s goal is zero waste. The rising emphasis on steel recycling is likely to generate sales openings for the market. Nonetheless, the increasing construction projects will simultaneously increase the demand for steel, which, in turn, will bode well for the market.