Vaterite Market Size, Share Report, Analysis, Trends, Growth, 2030

Vaterite Market

Vaterite Market By Source Type (Synthetic And Natural Vaterite Sources) By End-Users (Pharmaceuticals, Personal Care, And Paper And Pulp Industries), By Application (Antacids, Coating Pigments, Tissue Regenerator, And Coating Applications), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-1823 Status : Upcoming
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 493.65 Million USD 712.56 Million 4.26% 2022

Description

Global Vaterite Market Industry Prospective:

The global vaterite market size was worth around USD 493.65 million in 2022 and is predicted to grow to around USD 712.56 million by 2030 with a compound annual growth rate (CAGR) of roughly 4.26% between 2023 and 2030.

Global Vaterite Market SizeRequest Free Sample

The report analyzes the global vaterite market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the vaterite industry. 

Vaterite is a part of the hexagonal crystal system and is also known as mu-calcium carbonate. It is a polymorph modification of calcium carbonate, least stable in nature, and is produced when the reaction takes place between an aqueous solution of calcium chloride and carbon dioxide in the presence of ammonia.

It is colorless, spherical in shape, and has a small diameter. Vaterite has higher solubility as compared to aragonite or calcite and occurs naturally in mineral springs, organic tissues, gallstones, and urinary calculi. Vaterite can be consumed owing to its antacid properties but over-consumption may be dangerous.

One of the distinctive features of vaterite is that it does not change the chemical or physical properties of the products to which they are added. This feature creates a lucrative market for vaterite. It is also used as a mineral filler to obtain a high level of humidity retention.

Global Vaterite Market: Growth Factors

Vaterite is highly used in the production of drugs, medicines used for regeneration, and a wide range of personal care products. This will generate a huge demand for vaterite in the market. Bioactive fillers are another major promising area for the growth of the vaterite market since vaterite promotes bioactivity through apatite formation in degradable polymers.

Demand for vaterite from the personal care and pharmaceutical industries will be driving the market growth. Vaterite is used as a calcium supplement in the nutraceutical industry and it is also used as a coating pigment for inkjet paper. These applications will further fuel the demand of the vaterite market. However, vaterite is a rare mineral in nature which will cause a hindrance to market growth.

Global Vaterite Market: Segmentation

The global vaterite market is segmented into its type of source, end-users, application, and geography. On the basis of the type of source, the market is divided into its synthetic and natural vaterite sources. Based on end-users, the market is segregated into pharmaceuticals, personal care, and paper and pulp industries. On the basis of application, the market is categorized into antacids, coating pigments, tissue regenerators, and coating applications. Based on geography, the market is diversified into Europe, the Middle East and Africa, Latin America, Asia Pacific, and North America.

Global Vaterite Market: Report Scope

Report Attributes Report Details
Report Name Vaterite Market Research Report
Market Size in 2022 USD 493.65 Million
Market Forecast in 2030 USD 712.56 Million
Growth Rate CAGR of 4.26%
Number of Pages 255
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Solvay SA, Conia Minerals & Marbles Co., Minerals Technologies Inc., Omya AG, Calspar India, Natural Calcite Powder, Weinrich Minerals, and Carmeuse.
Segments Covered By Source Type, By End Use, By Application, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Base Year 2022
Historical Year 2019 to 2022
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Vaterite Market: Regional Analysis

The largest share of the vaterite market is held by North America. Growth of the market can be attributed to the economic development of this region especially in countries such as Canada and the U.S. North America is followed by Asia Pacific in its growth.

Countries such as China, Japan, Australia, New Zealand, and India are some of the major contributors to this region. Steady growth will be witnessed in the European regions. Latin America and the Middle East and African regions will also be contributing a considerable market share owing to the vaterite resources in the coming periods.

Global Vaterite Market: Competitive Players

Some of the major market players in the vaterite market include 

  • Solvay SA
  • Conia Minerals & Marbles Co.
  • Minerals Technologies Inc.
  • Omya AG
  • Calspar India
  • Natural Calcite Powder
  • Weinrich Minerals
  • Carmeuse.

The Vaterite Market is segmented as follows:

By Source Type 

  • Synthetic And Natural Vaterite Sources

By End-Users

  • Pharmaceuticals
  • Personal Care
  • Paper And Pulp Industries

By Application

Global Vaterite Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provide

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The mineral known as Vaterite is classified as a carbonate mineral, which places it in the same category as well-known minerals such as Calcite and Aragonite. Compared to calcite and aragonite, it is a polymorph of calcium carbonate (CaCO3) that is found less frequently and is less stable.

Vaterite is highly used in the production of drugs, medicines used for regeneration, and a wide range of personal care products. This will generate a huge demand for vaterite in the market.

According to the report, The global vaterite market size was worth around USD 493.65 million in 2022 and is predicted to grow to around USD 712.56 million by 2030 with a compound annual growth rate (CAGR) of roughly 4.26% between 2023 and 2030.

The largest share of the vaterite market is held by North America. Growth of the market can be attributed to the economic development of this region especially in countries such Canada and the U.S. North America is followed by Asia Pacific in its growth.

Some of the major market players in the vaterite market include Solvay SA, Conia Minerals & Marbles Co., Minerals Technologies Inc., Omya AG, Calspar India, Natural Calcite Powder, Weinrich Minerals, and Carmeuse.

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