Middle East and Africa Dolomite Market
No. of Pages: 90 | Report Code: TIPRE00025786 | Category: Chemicals and Materials
No. of Pages: 90 | Report Code: TIPRE00025786 | Category: Chemicals and Materials
The dolomite market in the Middle East & Africa is sub segmented into South Africa, Saudi Arabia, UAE, and the Rest of the Middle East & Africa. Owing to rapid infrastructure development, Dubai, Abu Dhabi, and Iran are among the major contributors to the market growth in this region. Shift in consumer lifestyles, coupled with industrialization and urbanization, boost the demand for construction activities, thereby stimulating the adoption and mining of dolomite as a construction aggregate. Various government initiatives such as Qatar National Vision 2030, Saudi Vision 2021, Dubai Vision 2021, and South Africa National Development Plan 2030 would provide thrust to the development of non-oil sectors, such as construction, iron, and steel, which will add to the demand for dolomite among these industries. According to the World Trade Integrated Solutions, the UAE and South Africa were among the leading dolomite exporting countries in 2018. The presence of several mining sites in South Africa and the UAE is also driving the dolomite market growth in the Middle East & Africa.
In the Middle East & Africa region, South Africa and Israel are among the major countries with high number of COVID-19 confirmed cases and deaths. According to the International Finance Corporation, the COVID-19 pandemic has a severe impact on the economy of the Middle East & Africa which has led to decline in oil production, tourism, and remittances. The Middle East & Africa region comprises many growing economies, which are prospective markets for dolomite vendors. The pandemic has significantly slowed down the growth of dolomite market in the region due to negative impact upon the growth of industries such as construction, iron and steel, and others.
Strategic insights for the Middle East and Africa 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$ 1,073.72 Million |
| Market Size by 2028 | US$ 1,317.11 Million |
| Global CAGR (2021 - 2028) | 3.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa 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 Middle East & Africa is expected to grow US$ 1,317.11 million by 2028 from US$ 1,073.72 million in 2021. The market is estimated to grow at a CAGR of 3.0% 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. 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.
Middle East & Africa dolomite market is segmented based on application, iron and steel segment account for the largest share in the Middle East & Africa dolomite market.
A few major primary and secondary sources referred to for preparing this report on dolomite market in Middle East & Africa 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 INCA MINING among others.
The Middle East and Africa Dolomite Market is valued at US$ 1,073.72 Million in 2021, it is projected to reach US$ 1,317.11 Million by 2028.
As per our report Middle East and Africa Dolomite Market, the market size is valued at US$ 1,073.72 Million in 2021, projecting it to reach US$ 1,317.11 Million by 2028. This translates to a CAGR of approximately 3.0% during the forecast period.
The Middle East and Africa 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 Middle East and Africa Dolomite Market report:
The Middle East and Africa Dolomite Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Dolomite Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Dolomite Market value chain can benefit from the information contained in a comprehensive market report.
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