Asia Pacific Dolomite Market
No. of Pages: 95 | Report Code: TIPRE00025785 | Category: Chemicals and Materials
No. of Pages: 95 | Report Code: TIPRE00025785 | Category: Chemicals and Materials
Countries in Asia Pacific, such as India, China, Japan, South Korea, and Australia, are witnessing surge in industrialization and urbanization activities. The rapid growth of industrialization is driving investments in transport infrastructure. For instance, the Government of India announced the allocation of US$ 24 billion in the transport sector in union Budget of India for FY 2021. The budget increment is encouraging the betterment of transport sector, through rise in the construction of roads and other transport infrastructure, which would propel the demand for dolomites in the construction of roads and bricks. Further, a rise in refractories production is propelling the demand for dolomite in the iron and steel industries in Asia Pacific. China is a leading producer and consumer of refractories. According to the Henan Association of Refractories, the production of refractories in the Henan region increased to 2.62 kilotons in April–May 2020, which is 66% higher than the Q1 of 2020. The growing refractory industry in China, will provide various growth opportunities for the dolomite market players in Asia Pacific.
The COVID-19 pandemic is anticipated to cause a significant economic loss in Asia-Pacific. The consequence and impact can be even worse, and they totally depend on the spread of the virus. The Asian economies have been hit hard due to the pandemic. The emergence of new COVID-19 waves in India, Thailand, and other Asian economies has prolonged the effect of pandemic upon GDP. The ongoing COVID-19 pandemic is anticipated to cause huge disruptions in the growth of various industries of Asia-Pacific. However, the uncertainty regarding the future outbreak, especially in countries such as India and few other Asian countries, has altered the status of several industrial sectors. The governments of various Asia Pacific economies are taking possible steps to restrict the spread of the virus by announcing country-wide lockdown, which have a direct impact upon the growth of industrial sectors. This may impact the demand for dolomite. In China, several mines and plants had temporarily ceased production activities. The deliveries and shipments were either delayed or rescheduled, and there was also a shortage of workers. However, the market is expected to witness an increase in investment by players to tap the prevailing opportunities as well as cater to expanding demand for dolomite in post-pandemic times.
Strategic insights for the Asia Pacific Dolomite provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 15,347.33 Million |
| Market Size by 2028 | US$ 20,008.26 Million |
| Global CAGR (2021 - 2028) | 3.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Dolomite refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The dolomite market in Asia Pacific is expected to grow US$ 20,008.26 million by 2028 from US$ 15,347.33 million in 2021. The market is estimated to grow at a CAGR of 3.9% from 2021 to 2028. Dolomite has a wide scope of applications in end-user industries such as construction, iron and steel, ferroalloys, ceramics and glass, agriculture, and animal feed. Its preference and adoption in industries depends on the grade of the rock. Dolomite is a commonly used substance in the construction industry because of its hardness and density. It is used in the manufacturing of bricks, cement, concrete, paving materials, etc. In the iron and steel industry, dolomite is used in three forms—raw dolomite, calcined dolomite, and sintered dolomite. In the iron and steel industry, it is mainly used as a fluxing material for the protection of refractory lining, and as a refractory raw material. Raw dolomite or calcined dolomite is used as a fluxing material. The use of dolomite as a flux has grown, particularly, due to growing concerns regarding contamination. The material is also used as a refractory material in steel factories. According to the Indian Minerals Yearbook 2019, the iron and steel industry was the major consumer of dolomite in 2018–2019, which accounted for 75% (~6,186 thousand tonnes) of the total consumption of dolomite in India. The expanding infrastructure construction and thriving automobile industries are adding to the demand for steel industry offerings. Dolomite is used for acid neutralization in the chemicals industries and stream restoration projects. It is also used as a source of magnesia (MgO), a feed additive for livestock. Dolomite is an important component in animal feed because of its high magnesium and calcium carbonate content. In farming, it is also used as a soil conditioner to neutralize acidity. It helps change the pH of the soil by bringing it to match the plant’s needs, thereby improving the crop yield. In fertilizers, paints & varnishes, dolomite is used as a filler. Dolomite is used in the manufacture of automotive glass, construction glass, fiberglass, etc., for improving the viscosity of the glass melt; it also increases the scratch and chemical resistance of the glass. The growing glass industry in the region contributes to the market growth. Further, dolomite is used as the host rock for lead, zinc, and copper deposits. Sometimes, it can be used as an oil and gas reservoir rock. When limestone is transformed into dolomite, the dolomitization process results in a minor volume reduction. This can produce a porosity zone in the strata where dolomitization has occurred. Subsurface fluids such as oil and natural gas can be trapped in these pore spaces. Thus, with the growth of various end-user industries, such as construction, iron and steel, and ceramics and glass, the demand for dolomite is also growing.
Asia Pacific dolomite market is segmented based on application, iron and steel segment account for the largest share in the Asia Pacific dolomite market.
A few major primary and secondary sources referred to for preparing this report on dolomite market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Lhoist Group; Sibelco; RHI Magnesita GmbH; JFE GROUP; Omya AG; Beihai; Essel Mining & Industries Limited; and Arihant Min chem among others.
The Asia Pacific Dolomite Market is valued at US$ 15,347.33 Million in 2021, it is projected to reach US$ 20,008.26 Million by 2028.
As per our report Asia Pacific Dolomite Market, the market size is valued at US$ 15,347.33 Million in 2021, projecting it to reach US$ 20,008.26 Million by 2028. This translates to a CAGR of approximately 3.9% during the forecast period.
The Asia Pacific Dolomite Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Dolomite Market report:
The Asia Pacific Dolomite Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Dolomite Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Dolomite Market value chain can benefit from the information contained in a comprehensive market report.
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