Global carbonate minerals market 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.
The report covers a forecast and an analysis of the carbonate minerals market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on both volume (Kilotons) and revenue (USD Billion). The study includes drivers and restraints of the carbonate minerals market along with their impact on the demand over the forecast time period. Additionally, the report includes the study of opportunities available in the carbonate minerals market on a global level.
This report offers a comprehensive analysis of the global carbonate minerals market along with market trends, drivers, and restraints. This report includes a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces Model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the carbonate minerals market by segmenting it based on mineral type, end-user, source type, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into major countries like the U.S., UK, France, Germany, China, India, Japan, and Brazil.
Some key participants operating in the global carbonate Minerals 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
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. Carbonate minerals are also used in making mortar, which is used in bonding concretes, bricks, stones, rubber compounds, stones, and tiles.
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.
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 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.
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