A Future Market Insights report forecasts rock duster demand to grow from US$ 325.82 billion in 2023 to US$ 561.6 billion in 2033. According to the forecast, the market is expected to grow at a CAGR of 5.6% during the forecast period. A soil amendment based on rock dust is becoming increasingly popular as it enhances soil fertility and provides plants with essential minerals and nutrients. Furthermore, rock dust contributes to soil microbial activity by reducing compaction, improving filtration and drainage, and improving water infiltration. Further, rock dust provides support to beneficial soil organisms, provides protection against disease, and buffers extreme pH levels.
Mining areas are expected to make heavy use of rock dusters. Construction, automotive, and industrial equipment are among the end-use industries where rock dusters are expected to grow in demand. Lithos, a start-up in the United States, has created a new way to capture carbon through the use of rock dust's chemical capabilities. By devising a system that speeds up the natural absorption process, the company has reduced the absorption time to two to three years from five to ten. Crushed basalt spread across the surface of agricultural fields enables the reaction to take place in the most conducive environment and also helps boost crop yields over the long haul.
With the growing demand for solutions like reforestation, it is becoming increasingly important for businesses to find alternatives. There is a new study that shows the addition of rock dust to agricultural land can significantly reduce carbon dioxide (CO2) emissions. As a result, these emissions are higher than the total combined emission of aviation and shipping worldwide over the past five years, or nearly half of the current total European emissions over the past five years.
In research reports, costs and engineering challenges associated with CO2 drawdown are identified nation by nation. According to research, China, India and the US emit the most CO2 in the world and can remove the most CO2 from the environment through this method. Researchers suggest that soils can remove CO2 from the atmosphere using materials left over from mining and construction. Rock dust on croplands shows the greatest potential for CO2 drawdown from fossil fuels in China, the United States, and India. With their combined efforts, these countries could remove roughly 1 billion tonnes of CO2, for roughly the same cost as other plans. The extensive agricultural lands and climates of Indonesia and Brazil, in comparison with the United States and China, enable the countries to remove relatively high levels of CO2. Using stockpiles of silicate rock dust left over from the mining industry could help meet the demand for rock dust needed for large-scale CO2 drawdown; the scientists are urging local governments to develop national materials inventories.
Globally, the EU exports 20% of the world's food and beverages, making it the world's largest provider of agri-food. By the year 2020, over 40% of the land area in Europe was expected to be used for agriculture. 61% of these agricultural areas are considered to be medium-to-high intensity farms based on their fertilizer and pesticide application costs. Growing livestock and crops has impacted the environment in ways that require sustainable solutions.
Researchers from the multinational brewer Carlsberg discovered that the application of 25 tonnes per hectare of glacial rock dust to a barley field in Denmark enhanced crop yields by 30%. Using glacial rock dust as a fertilizer could be a good method of replacing phosphorus in fertilizers in the future. It is expected that large-scale field tests in Denmark, among others, will be conducted over the next three years in order to establish whether stone dust can be distributed economically to farmers throughout the world. The pulverizing of basalt, a variety of rock found in almost every country in the world, is a method of reducing greenhouse gas emissions that can be applied directly to farmer's fields by a team of researchers at the Leverhulme Centre for Climate Change Mitigation at the University of Sheffield.
| Data Points | Key Statistics |
|---|---|
| Estimated Base Year Value (2022) | US$ 310 billion |
| Expected Market Value (2023) | US$ 325.82 billion |
| Anticipated Forecast Value (2033) | US$ 561.6 billion |
| Projected Growth Rate (2023 to 2033) | 5.6% CAGR |
Rock duster equipment is used in coal mines to prevent coal dust explosion. Most of the large mining companies are inclining towards installing advanced equipment and technology to bring in operational efficiency and automation in mines to reduce the negative impact of mining on the environment and workers.
Primary external factors influencing the mining activities and rock duster equipment’s demand are stringent regulation, geopolitical issues and the legal limit on metal & mineral excavation which precipitate mining industries to use rock dusters during the forecast period.
Other significant end-use industries for the rock duster market are agriculture and construction. Rock dust has greater potential to improve soil fertility as it contains mineral and trace elements beneficial for agricultural land, hence crop yield.
Increase in adoption of rock duster in agricultural land has been witnessed, to enhance nutritional and mineral value which is increasing the productively of agriculture land. Combatting the impact of decreasing the percentage of arable land in developing countries i.e. China are key factors driving the demand for rock dusters in the market during the assessment period.
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The growing need for energy in industrial and commercial sectors due to the rise in the production of goods and consumables is expected to drive the coal mining industries, thus positively impacting the rock dusters market.
Rising global population will elevate the demand for food. Limited arable land, as well as an increase in the percentage of infertile agricultural land due to excessive land utilization, have favored the growth of rock duster equipment in the agriculture industry.
The main challenging factor in the rock duster market is the lack of awareness among industry professionals in developing economies. Another factor like the price of rock duster may also slightly impact rock duster market growth during the forecast period.
The mining industries had acquired rock duster manufacturers in the past to customize the equipment specifically according to their needs. The key rock duster manufacture players are incorporating advance technology in rock duster to offer better feature products to customers. Strategic initiatives such as expanding geographical footprint, technology advancement, acquisition and partnership with distributors are key developments chiefly adopted by rock duster manufacturers.
The demand for rock duster is anticipated to come mainly from high mining production regions. Coal is the maximum mined mineral, for instance in 2018 around 7,813 million tonnes of coal was produced globally. Countries such as the USA, China, Australia, and Russia are among the largest producer of coal thus sales of rock duster in these countries will be prominent among all.
North America, Asia-Pacific, and Latin America hold a significant share in the global rock duster market as mining activities in these regions are growing significantly. Africa has an abundance of natural resources which includes cobalt, copper and natural gas, among others, and hence Middle East & Africa is estimated to register healthy growth in terms of rock duster demand in future.
In Latin America, countries such as Brazil, Mexico, Chile, and Argentina are key demand centers for rock duster market. Brazil has large reserves of iron ore, aluminum, and nickel. Increase in mining activities in the Latin America region is projected to drive rock duster demand.
Rise in mining activities to meet the growing demand for metal in several end-use industries such as construction, automotive, and industrial equipment, among others is anticipated to drive rock duster demand.
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Some of the key market participants in the global Rock Duster market are:
The rock duster market research report presents a comprehensive assessment of the rock duster market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The rock duster market research report provides analysis and information according to market segments such as geographies, material type, temperature range, and end use.
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The Rock Duster market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Rock Duster market report also maps the qualitative impact of various market factors on market segments and geographies.
The global Rock Duster market can be segmented by product type, technology and end-use.
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