The report on the global carbonate market includes all the major factors driving the growth in this market in different regions. The report elucidates on the key ongoing trends in the market and unveils various opportunities that can assists in the growth of this market. Positive and negative both the factors are systematically elucidated in the report to give out the clear picture of the market and how it can grow in the coming years. All the information provided in the report is derived from various authentic sources including journals, podcast, interviews, and various similar platforms. Geographic analysis and competitive landscape is also mentioned in the report help decision makers to take well-informed decisions.
Globally, the demand for carbonate has increased substantially in various end-use industries and created huge growth opportunity in this market. Carbonate finds huge application in industries such as automotive, building and construction, and electronics. Furthermore, demand for precipitated calcium carbonate has grown at a remarkable rate as it helps in brightening paper and improve printing surface. On the other hand, strict regulator policies related to setting up limestone quarries facilities is one of the key factor that might hamper the growth in this market. Moreover, additional cost of transportation as these quarries are established on the outskirts of town or city will increase the cost of final product and reduce manufacturers’ profits.
In terms geographic analysis, Asia Pacific is projected to dominate the global carbonate market in the coming years due to increasing use of carbonate in several end-use industries such as paper and pulp, detergents and cleaners, dyes and pigments, and adhesive and sealants. Moreover, growing manufacturing industry in countries like India, Japan, and Korea have created new growth opportunities for this market. China is likely to be the dominate market for carbonate as manufacturers are adopting new manufacturing technologies. In addition, easy availability and low price in China have encouraged manufacturers to opt for calcium carbonate rather than other filler materials.
North America is expected to take the second position in this market, as there is a high demand for calcium carbonate, potassium carbonate, and sodium carbonate from numerous end-use industries. Canada and United States are the key regions that have created highest demand for carbonate in North America.
This post was originally published on The Market Plan