The dolomite market was estimated at USD 2.5 billion in 2022 and is likely to grow at a CAGR of 3.79% during 2023-2028 to reach USD 3.12 billion in 2028.
Dolomite stands for calcium magnesium carbonate CaMg (CO3)2. It is a type of rock-forming mineral and a good source of magnesium oxide. Dolomite exhibits properties like high refractoriness, enhanced thermodynamic stability, etc., and hence it is widely used in the construction industry, iron & steel smelting, etc. Dolomites are of different types, such as agglomerates, calcined, sintered, and more.