Global Aragonite Market: Overview
The polymorphic form of calcium carbonate is the aragonite, it is a carbonate mineral. It occurs deep in the sea life in the carbonate shells and in the lava beds. Aragonite is used for various applications. It is used in aquariums, it is also used as a gemstone in jewelry, and is used in making glass. Aragonite is low in magnesium, rich in calcium carbonate, and alkaline in nature.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Aragonite Market: Segmentation
The global aragonite market is segmented into its color, form, crystallography, and geography. On the basis of color, the market is divided into blue, gray, brown, green, orange, yellow, red, and white aragonite. Based on form, the market is categorized into stone and sand aragonite. On the basis of crystallography, the market is classified into pisolitic, globular, stalactitic, coralloidal, prismatic crystals, internally banded, columnar, reniform, acicular, and pseudo-hexagonal crystallography. Diversification of the market is seen into regions such as Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Global Aragonite Market: Growth Factors
Aragonite is used as an alternative to fertilizers in agricultural activities as it provides required nutrients to the soil and stimulates the microbial life thus increasing the fertility of the soil. Application of aragonite in the agricultural sector is it enhances the soil properties by adding up several minerals. These factors greatly influence the demand for aragonite in the market. Aragonite sand is also used in aquariums as they help to stabilize the pH of the water for the aquatic animals. This will further boost the demand for aragonite. Aragonite treatment helps in eliminating pollutants such as zinc, cobalt, and lead from the polluted waste water and it is also used in the treatment of hemodialysis patients for the removal of wastes such as urea and extra fluids from their blood. Such applications of aragonite have led to a greater demand. However, availability of aragonite is not high as compared to nitrates and limestone which will restrain the market growth.
Global Aragonite Market: Regional Analysis
The aragonite market is dominated by North America region. Growth can be attributed to the presence of the aragonite sand at seashores in this region. Such beaches are majorly found in Florida. Increasing number of reef aquarium at high-end restaurants and domestic places in North America also generates high demand for aragonite. Following North America in its growth is Europe. Improved application of aragonite in the soil by reducing the application of fertilizer and giving improved fertility to the soil by providing better conditions to the soil are some of the major factors influencing the market growth in Europe. Asia Pacific is also expected to grow at a significant pace in the coming periods. Latin America and the Middle East and Africa will be contributing a considerable market share as well.
Global Aragonite Market: Competitive Players
Some of the prominent market players in the aragonite market include U.S. Aragonite Enterprises, Red Sea, Real Reef Solutions, and The Fertrell Company.
Global Aragonite Market: Regional Segment Analysis
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