Dolomite Mining Market Set to Witness an Uptick during 2020 to 2027Posted by Mrudula Karmarkar on April 25th, 2022 The global dolomite mining market size is projected to reach USD 2.33 billion by 2027, expanding at a CAGR of 3.8% from 2020 to 2027, according to a new report by Grand View Research, Inc. Rising government and private spending in development of transport infrastructure in emerging economies of Asia Pacific is the major factor driving the industry. Dolomitic rock, also known as dolostone, is sized and crushed before its use as a base material construction of road. It is also used in cement manufacturing. Furthermore, it is used in the steel industry as a fluxing material or as a refractory raw material. Besides the aforementioned applications, the product is used in many other applications, including ceramics and glass, paper, and animal feed. Technological advancements in mining, coupled with increasing logistical efficiency, have played a key role in facilitating increasing profit margins for miners. This is expected to positively impact the market growth over the coming years. The COVID-19 pandemic is predicted to negatively affect the industry growth in short term owing to restricted demand caused by halt in construction activities. North America dominated the market in 2020. Asia Pacific is estimated to expand at the fastest CAGR from 2020 to 2027. U.S. leads the globe in terms of dolomite production. Furthermore, in U.S., dolomite is among the most preferred construction aggregate materials. In Asia Pacific, China and India are likely to be the most lucrative destinations for industry growth owing to improving transport infrastructure. Furthermore, high processing time required for obtaining mining license is expected to be a key challenge for industry players over the foreseeable future. Environmental concerns associated with the mining activities and necessity to comply with government regulations incur additional costs to the industry players. These are the key factors that restrict the entry of new players in the industry. The global dolomite mining industry is composed of few international players as well as a large number of local players catering the regional pockets. For instance, according to the United States Geological Survey, U.S. alone produces dolomite with more than 1,000 companies from approximately more than 3,740 operations with roughly 3,700 quarries and 370 sales and distribution sites. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/dolomite-mining-market/request/rs1 Dolomite rock, also called dolostone, is crushed and sized before it is used as an aggregate mainly for the construction and maintenance of roads. The dolomite mining industry is projected to witness significant growth over the coming years owing to the rising construction industry in the emerging economies of Asia Pacific, such as India, China, Bangladesh, Thailand, Vietnam, and Philippines. Dolomite Mining Market Report Highlights
The market for dolomite mining is a part of the significantly larger non-metallic mining industry of the globe. The market is highly fragmented comprising independent miners as well as few global players. A large portion of the dolomite distribution yards in the globe is located near major metropolitan cities or areas in order to reduce transportation costs. Major metropolitan cities generally have rails as a means of transportation. Producers generally opt for rail as a preferred mode of transportation owing to reduced transportation costs offered by rails as opposed to truck. Some of the prominent players in the global dolomite mining market include:
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