Global Carbonate Market Is Expanding Growth As Increasing Demand In Plastic And Paints Industries

 

Carbonate Market

Overview:

Carbonates are used in a number of industries, including smelting of iron and steel, cement manufacture, and ceramic glazes. They are characterized by their carbonate ion species, which has a trigonal planar molecular structure. There are two basic ways to measure carbonates. The first is by using a dissolved carbonate content. This can be evaluated by the pH of the water. However, the acid-base chemistry of seawater is very sensitive to changes in pH, it is important to use a more precise measurement of dissolved carbonate. Another way to estimate dissolved bicarbonate from the dissolution of a carbonate rock is to use a simple equation. There are a large number of potential uses of carbonates. These include as a raw material for the production of lime, in the manufacture of Portland cement, and in compositions of ceramic glazes.

Market Dynamics:

Rising acquisitions is estimated to augment growth of the global Carbonate Market during the forecast period. For instance, a manufacturer of USP grade and food-grade calcium carbonate Nutri Granulations was acquired by Huber Engineered Materials in 2021. Moreover, increasing logistics and cost of raw material is anticipated to restrain growth of the global carbonate market during the forecast period.

The Global Carbonate Market Size Is Expected To Witness A Substantial Rise In The Coming Future, And Register A Significant CAGR Over The Forecast Period (2019 - 2027).

Impact of COVID-19:

COVID-19 was announced as a public health emergency by the World Health Organization in 2020. It was initially reported in 2019, and from China it spread to many other countries. Several nations were suffering from the outbreak of this disease. Nations like France, Italy, UAE, India, the US and many more imposed strict measures for preventing the spread of the virus, as the number of cases were growing on a daily basis. Due to these strict restrictions many industries had to shut down their manufacturing activities. There was a shortage of raw material and supply chains were also disturbed owing to travel bans. This resulted in decrease in demand of various products, construction activities were halted. The global Carbonate Market suffered huge losses during the pandemic owing to these restrictions.

Key Takeaways:

The global carbonate market is estimated to witness robust growth, exhibiting CAGR of XX% during the forecast period, owing to increasing expansion by major players in the market. For instance, Imerys declared the expansion of their ground calcium carbonate production capacity in the Sylacauga plant present in North America production facility in 2022.

Asia Pacific is anticipated to witness significant growth in the global Carbonate Market over the forecast period, due to increasing investments in the manufacturing and infrastructure.

Key players active in the global carbonate market are United States Lime & Minerals, Inc., AGSCO Corp., Carmeuse Lime & Stone Company, Carmeuse, Gulshan Polyols Ltd., Mississippi Lime, GCCP Resources, NALC, LLC, GLC Minerals, LLC, Omya, Greer Limestone Company, Parchem Fine & Specialty Chemicals, ILC Resources, Omya, and Mineral Technologies.