23-May-2019 | Zion Market Research
Zion Market Research has published a new report titled “Carbonate Minerals Market by Mineral Type (Calcite, Magnesite, Aragonite, Smithsonite, and Dolomite), by End-User (Food, Paint, Plastic & Rubber, Paper & Pulp, Building & Construction, Agriculture, and Glass), and by Source Type (Natural and Synthetic): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, the global carbonate minerals market was around USD 51.25 billion in 2018 and is expected to reach approximately USD 70.46 billion by 2025, at a CAGR of slightly above 5.4% between 2019and 2025.
Carbonate minerals are called ubiquitous components, which are found in the seams of the Upper Silesia carboniferous sequence. Carbonate minerals, such as calcium carbonate, are extensively used in the construction industry as they are used as building materials, particularly as an ingredient in cement. These minerals occur in the form of a binder or a component of the binding agent in sandstone, aggregates, and in mudstones and coal. One of the major factors supporting the growth of the global carbonate minerals market is the flourishing construction industry across the globe. Various key developments are being witnessed in this sector over the last couple of years, which are also supporting the carbonate minerals market growth. Carbonate minerals are widely used in paints and coatings, as they lower the key components’ costs for their formulation. This factor has increased the demand for carbonate minerals and is likely to further support the carbonate minerals market over the forecasted timeframe. However, the increasing number of government regulations is negatively affecting the demand for carbonate minerals, which will restrain the market development for carbonate minerals. On the other hand, a growing preference for carbonate minerals in paints and coatings industry is expected to provide several growth opportunities to the key players operating in the global carbonate minerals market.
Browse the full “Carbonate Minerals Market by Mineral Type (Calcite, Magnesite, Aragonite, Smithsonite, and Dolomite), by End-User (Food, Paint, Plastic & Rubber, Paper & Pulp, Building & Construction, Agriculture, and Glass), and by Source Type (Natural and Synthetic): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/carbonate-minerals-market
The global carbonate minerals market is fragmented based on mineral type, end-user, and source type. Based on mineral type, the market includes calcite, magnesite, aragonite, smithsonite, and dolomite. The end-user segment includes food, paint, plastic and rubber, paper and pulp, building and construction, agriculture, and glass. The building and construction segment is expected to dominate the global carbonate minerals market over the predicted time period, owing to the rise in the number of construction activates in various developing and under-developed regions of the world. Based on source type, the market includes natural and synthetic.
By region, the Asia Pacific region accounted for the most significant share of the global carbonate minerals market in terms of volume in 2018. This can be attributed to the growing consumption of carbonate minerals in the developing nations of China, India, etc. The North American carbonate minerals market is likely to witness noteworthy growth over the predicted time period, owing to the growing consumer demand for organic carbonate minerals across the region.
Some key participants operating in the global carbonate Minerals Marketminerals market are Mineral Technologies, IMERYS Carbonates, Magnesita Refractories, Maruo Calcium, Carmeuse, Calcinor, Huber Engineered Materials, Lhoist North America, Mississippi Lime Company, and Great Lakes Calcium Corporation.
This report segments the global carbonate minerals market into:
Carbonate Minerals Market: Mineral Type Analysis
Carbonate Minerals Market: End-User Analysis
Carbonate Minerals Market: Source Type Analysis
Carbonate Minerals Market: Regional Analysis
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