Carbonate Minerals Market Growth, Share, Demand and Analysis of Key Players to 2027

Future Market Insights (FMI), in its report, projects the global carbonate minerals market to register a steady 5.6% volume CAGR during the forecast period 2017 to 2027. Sales of carbonate minerals are expected to reach around 200,000 thousand tons in 2017, which will further exceed 300,000 thousand tons by 2027-end, according to FMI’s report.

In terms of volume, FMI’s report projects Asia Pacific Excluding Japan (APEJ) to be the largest market for carbonate minerals, followed by Western Europe and North America. Demand for carbonate minerals in APEJ is anticipated to exceed 80,000 thousand tons by 2027-end. In contrast, Japan is estimated to be the fastest growing region in the market, followed by Eastern Europe and Latin America. Japan carbonate minerals market is projected to register an impressive 6.7% volume CAGR during the forecast period.

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Key market players identified in the report of Future Market Insights (FMI) include Mineral Technologies Inc., IMERYS Carbonates Llc, Magnesita Refractories SA, Maruo Calcium Co. Ltd., Carmeuse, Calcinor SA, Huber Engineered Materials, Lhoist North America Inc., Mississippi Lime Company, Great Lakes Calcium Corporation(GLC Minerals), Provençale SA, Univar Inc., Omya AG, SCR-SIBELCO, COLUMBIA RIVER CARBONATES, Steinbock Minerals Ltd, Calcit d.o.o., Uniko Calcium Carbonate Industry, Fimatec Ltd, CISME Italy s.n.c.

Demand for Carbonate Minerals from Glass Industry Expected to Witness a Surge

Wide adoption of carbonate minerals in paper manufacturing, as a filler for coating purpose, is driving the market growth. Paper & pulp end-use industry will remain dominant in the global carbonate minerals market, followed by building & construction and paint industries. Demand for carbonate minerals by paper & pulp industry is expected to account for nearly 80,000 thousand tons by 2027. In contrast, glass industry is projected to register the fastest growth in terms of volume during the forecast period, followed by food and agriculture industries.

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Wide Adoption of Carbonate Minerals by Healthcare Sector to Drive Growth of the Market

Growing utilisation of alkaline-based process technology has enhanced the demand for carbonate minerals. Continuous developments have been witnessed in neutral/alkaline-based technology over the past few years. Using alkaline-based technology in paper industry offers various benefits including reduced energy consumption for water heating, refining and drying, resulting into increased productivity and improved mechanical as well as chemical flexibility. Carbonate minerals are imperative in construction industry in terms of both building material as well as an ingredient of cement. It also improves concrete density, pre-stability and durability.

In addition, carbonates are widely adopted in healthcare sector as effective dietary supplements, antacids, base materials, and phosphate binders for medicinal tablets. These factors are expected to fuel the demand for carbonate minerals globally. In contrast, lack of standard regulations for mining activities in both developed as well as developing economies, and fluctuation in target prices of minerals after mining activities in the market are factors expected to impede the market growth.

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This release was published on openPR.