Carbonate Minerals Market: Demand For Carbonate Minerals From The Building And Construction Industry Is The A Driver For The Carbonate Minerals Market

Carbonate Minerals Market Overview

According to a recent survey conducted by ChemView Consulting, the Global Carbonate Minerals Market grew at a CAGR of 4.6% between 2017-2021 and is estimated to be US$ 59,463.1 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.3% and is expected to reach a valuation of US$ 99,662.4 Mn by 2032 end.

Throughout the projected period, the market is anticipated to increase as sales of carbonate minerals will continue to be driven by rising demand for the minerals in the food, building, paper and pulp, and other end-use industries, as well as from the paints and coatings industry.

ChemView Consulting has analyzed that most carbonate minerals are calcite, aragonite, Magnesite, dolomite, and barium carbonate. These materials produce light bulbs, glasses, mugs, ceramic tiles, plates, and paints. The construction industry primarily consumes these minerals such as limestone and marble. Concrete makes buildings, bridges, highways, and walls, among many other structures. Calcite is also used as an acid neutralizer in the chemical industry. After being mixed with sugar and flavoring, it is made into chewable tablets used to treat stomach acids.

The increasing demand for carbonate minerals from the building and construction industry and the expanding building and construction industry is a driver for the carbonate minerals market.

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Segments Covered in Report

By Mineral:

  • Magnesite
  • Hydromagnesite
  • Nesquehonite

By End-use:

  • Pharmaceuticals & Personal Care
  • Refractory Bricks & Kilns
  • Steel & Metallurgy
  • Ceramics
  • Building & Flooring Materials
  • Chemicals
    • Plastics
    • Fertilizers
    • Flame Retardant Additives
    • Adhesives & Sealants
    • Paints
    • High Purity Magnesia

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Carbonate Minerals Market

  • Based on the Mineral, at 55.0% of the market, Magnesite or magnesium carbonate is the most preferred magnesium carbonate mineral among end users. It is utilized in producing magnesium oxide as a refractory material in steel and cement industries. Around 80% of magnesium chemicals are derived from Magnesite. Besides this, the surging application of Magnesite in the pharmaceutical, paper & pulp, paints, and coating industries will fuel the growth in the segment.
  • Based on end users, the pharmaceutical and personal care segment is expected to register substantial growth over the forecast period. The increasing consumption of Magnesite in cosmetic products as an absorbent underpins development in this segment. Besides this, Magnesite is extensively used by pharmaceutical companies as a filler for tablets and antacids. This, in turn, is aiding the growth of the magnesium carbonate minerals market.
  • Based on Region, • In 2021, the North American market held a sizeable revenue share of 28.7%. The market demand for magnesium carbonate minerals is increasing exponentially in the USA because of the flourishing chemical industry in the country. The rising use of these minerals in the metallurgic sector as refractory material and adhesives, paints and sealants, paper & pulp, and paint & coating industries will further boost the demand.

Competition Summary

Key companies covered in the market study are Konoshima Chemical Co., Ltd., Naikai Salt Industries Co., LTD, Hebei Meishen Technology Co. Ltd., Kyowa Chemical Industry Co. Ltd., Yingkou Magnesite Chemical, SCORA S.A.S., Lehmann & Voss & Co. KG, Dr. Paul Lohmann GmbH KG, NUOVA SIMA Srl, Buschle & Lepper S.A., Grecian Magnesite, Persia Paya Madan, Others.

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

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