New York, NY, May 24, 2019 (GLOBE NEWSWIRE) -- 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.
Browse through 87 Tables & 30 Figures spread over 110 Pages and in-depth TOC on “Global Carbonate Minerals Market: Industry Type, Size, Share, Demand, Applications, Analysis and Forecast, 2018–2025”.
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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.
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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 region’s flourishing construction sector. Countries like China and India lead the carbonate minerals market in the Asia Pacific region due to the rising number of building and construction activities and growing paper and pulp industry, which use ground calcium carbonate and precipitated calcium carbonate for the production of paper.
North America is likely to witness substantial growth in the global carbonate minerals market in the years ahead. The region is experiencing steady growth in various end-user industries that use carbonate minerals. Developed countries like the U.S. are likely to account for a small share for the carbonate minerals in the market. Moreover, growing consumer demand for organic carbonate minerals in the region is one of the major factors supporting the North American carbonate minerals market growth.
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
Europe is likely to witness sluggish growth in the global carbonate minerals market over the forecast time period, as the demand for carbonate minerals is high in the region. The region is likely to experience considerable demand for carbonate minerals in the future, due to the various key developments initiated by the key market in the region.
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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.
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This report segments the global carbonate minerals market into:
Carbonate Minerals Market: Mineral Type Analysis
- Calcite
- Magnesite
- Aragonite
- Smithsonite
- Dolomite
Carbonate Minerals Market: End-User Analysis
- Food
- Paint
- Plastic and Rubber
- Paper and Pulp
- Building and Construction
- Agriculture
- Glass
Carbonate Minerals Market: Source Type Analysis
- Natural
- Synthetic
Carbonate Minerals Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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