The carbonate minerals market is set to grow, driven by demand in the paper and construction industries, with significant growth expected in Asia Pacific.
Widespread usage of paper in the fast moving consumer goods (FMCG) sector boosts the growth of the paper industry, which eventually leads to escalation of demand for carbonate minerals that are used in manufacturing paper. Registering revenues of more than US$ 45 Bn in 2019, global carbonate minerals market is projected to exhibit a healthy CAGR during the forecast period of 2019 – 2029. Furthermore, carbonate minerals are used as both building materials and as an ingredient in cement. Flourishing construction industry is thus another major factor that creates positive prospects for the growth of carbonate minerals market.
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Key Takeaways – Carbonate Minerals Market Study
While carbonate minerals market is primarily driven by demand from construction and paper & pulp industries, the preference towards using carbonate minerals in the paints & coatings is expected to increase the demand for carbonate minerals in the foreseeable future.
Carbonate Minerals Market Participant Insights
The market for carbonate minerals has remained competitive with the presence of giant players with expertise in advanced manufacturing. With the aim of sustaining their positions in the market in the long run, solidification of the supply chain in regions such as the Middle East & Africa, APEJ, and Japan will be the key strategy adopted by market participants. Furthermore, players give importance to compliance with quality standards for production, while catering to the specific demands from the end users.
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What Lies in Future?
The construction industry has witnessed considerable growth across the globe and this growth is expected to persist over the forecast period correspondingly supporting the growth in demand for carbonate minerals. Moreover, innovations and advancements in mining technology, especially in countries from the Middle East & Africa region, are creating new growth avenues for players in the global carbonate minerals market.
Carbonate Minerals Market Taxonomy
The global carbonate minerals market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Mineral
Source
End Use
Region
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What Does the Report Cover?
A new market research report published by Future Market Insights (FMI) on the global carbonate minerals market includes global industry analysis for 2014-2018 and opportunity assessment for the 2019-2029. The report offers an insightful analysis of the global carbonate minerals market through five different categories – mineral, source, end use, and region. The carbonate minerals market report deliberates product usage in various industries, prevalent trends, and technologies. Along with this, comprehensive value chain analysis, pricing analysis, have been provided in this report.
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The article discusses the growth of the carbonate minerals market from 2019 to 2029, driven by demand in paper and construction industries.
Demand is driven by their use in the paper industry, construction, and as components in paints and coatings.
The Asia Pacific region leads the market due to continuous growth in the building and construction industry.
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