From 2022 to 2029, the global carbonate minerals market is projected to develop at a high CAGR and surpass US$ 80 billion in sales. Carbonate minerals are also used as construction materials and cement additives. The expanding construction sector is a significant factor in the growth of the market for carbonate minerals.
Carbonate minerals are abundant in nature and are predominantly found in sedimentary rocks, such as limestone, dolomite, and marble. Limestone, composed mainly of calcium carbonate (CaCO3), is the most commonly utilized carbonate mineral due to its versatile properties and widespread availability. Dolomite, comprising calcium magnesium carbonate (CaMg(CO3)2), is another essential carbonate minerals with applications in various industries.
The widespread use of paper in the fast-moving consumer goods (FMCG) business promotes the expansion of the paper industry, which ultimately results in an increase in demand for the carbonate minerals needed to produce paper.
Evaluate market trends and devise winning strategies with an industry overview. Request a sample now and propel your business forward! https://www.futuremarketinsights.com/reports/sample/rep-gb-309
Key Takeaways – Carbonate Minerals Market Study
- The paper industry, particularly for printing and writing paper, is found to be the largest user of carbonate minerals, which is either used as a filler or as a coating on paper.
- The finishing characteristics of paper such as gloss, whiteness, and ink are determined by the combination of minerals used. The rise in usage of calcium carbonate in the manufacturing of paper for improving the finishing of paper is correspondingly enhancing the demand for carbonate minerals.
- Carbonate minerals have extensive applications in the construction industry. These minerals are present in the form of components of the binding agent in aggregates, mudstones, sandstone, and coal.
- Carbonate minerals are widely used in paints & coatings as they improve brightness and helps to improve reliability and consistency of the coating, resulting in increased demand over the forecast period.
- Asia Pacific excluding Japan (APEJ) region is leading the carbonate minerals market by virtue of continuous growth in the building and construction industry in developing countries from this region like China and India.
While carbonate minerals market is primarily driven by demand from construction and paper & pulp industries, the preference towards using carbonate minerals in the paints & coatings is expected to increase the demand for carbonate minerals in the foreseeable future.
Carbonate Minerals Market Participant Insights
The market for carbonate minerals has remained competitive with the presence of giant players with expertise in advanced manufacturing. With the aim of sustaining their positions in the market in the long run, solidification of the supply chain in regions such as the Middle East & Africa, APEJ, and Japan will be the key strategy adopted by market participants. Furthermore, players give importance to compliance with quality standards for production, while catering to the specific demands from the end users.
Top Players in the Global Market
- Minerals Technologies, Inc.
- IMERYS Carbonates Llc
- Magnesita Refractories SA
- Maruo Calcium Co., Ltd.
- Carmeuse
- Calcinor Sa
- Huber Engineered Minerals
- Lhoist North America Inc.
- Mississippi Lime Company
- Great Lakes Calcium Corporation
Discover our comprehensive insights – Request the full report methodology now! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-309
Carbonate Minerals Markey by Category
By Mineral Type:
- Calcite
- Magnesite
- Aragonite
- Smithsonite
- Dolomite
By Source Type:
- Natural
- Synthetic
By End Use:
- Food and Beverage
- Paints and Coatings
- Plastic and Rubber
- Paper and Pulp
- Building & Construction
- Agriculture
- Glass
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Japan
- Asia Pacific Excluding Japan (APEJ)
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
