Global Carbonate Minerals Market : Industry Analysis and Opportunity Assessment, 2017-2027

Albany, New York, Sept 29, 2017:  MRRSE includes new market research report “Global Carbonate Minerals Market– Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2027″ Strengthening of the supply chain particularly in regions such as Asia Pacific and the Middle East and Africa and Japan is a key focus area for players in the global carbonate minerals market due to advancement and innovation in mining technology in these regions. The suppliers in this market are giving importance to cater to the specific requirements of end users while adhering to high-quality standards of production.

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Parent Market Overview: The global demand for carbonate minerals is likely to gain traction during the forecast period 2017-2027

Demand for carbonate minerals particularly in Japan is anticipated to increase significantly in the near future owing to the increase in innovative and advanced technology in mining. APEJ ranks first in consumption of carbonate minerals across the globe. The high requirement for carbonate minerals in APEJ is primarily due to increase in construction activities and growth of the automobile industry in the region. It has been observed that increase in global carbonate minerals consumption is largely due to an increase in consumption of carbonate minerals by end-use industries like paper and pulp and building and construction. We have further observed that the overall minerals industry has been impacted by high demand in regions like MEA and North America and this demand is expected to increase by 2027.

The Paper and Pulp end use segment in the global carbonate minerals market is estimated to be valued at close to US$ 10 Bn by 2017 and is expected to expand at a CAGR of 5.5% over the forecast period. The Paper and Pulp segment is expected to exhibit a CAGR of 5.3% in terms of volume over 2017–2027. The segment is projected to reach 78,949,049 Tons by 2027. Among all end use segments, the Paper and Pulp segment is estimated to hold more than 20% value share in the global carbonate minerals market by 2027 end, followed by the Building and Construction segment at around 19% value share. The Paper and Pulp segment is predicted to witness high growth during the forecast period. The Building and Construction segment in the global carbonate minerals market is estimated to be valued at more than US$ 7,500 Mn in 2017 and is projected to expand at a CAGR of 5.9% over the forecast period.

China and India in the APEJ region lead the carbonate minerals market due to steady growth in the building and construction as well as paper and pulp industries, where ground calcium carbonate and precipitated calcium carbonate are used for the production of paper and in agriculture. The Paper and Pulp end use segment holds a greater share in the Western Europe carbonate minerals market, contributing to about 25% share in the regional carbonate minerals market. In the MEA region, the Building and Construction application segment is projected to grow at a CAGR of 5.5% due to growing industrialization and urbanization in different MEA countries.

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Increasing consumption of carbonates likely to boost the growth of the paper and pulp and paint industries

The broad use of paper in the FMCG sector has enhanced the paper industry, which in turn is benefiting the global carbonate minerals market. The paper industry, particularly printing and writing paper, is the largest user of carbonated minerals. The principal carbonate mineral used in paper making is calcium carbonate, which is either used as a filler or as a coating on paper. The final characteristics of paper-like whiteness, ink, gloss etc. are determined by a blend of minerals used. Increasing use of Calcium Carbonate in the paper industry boosts demand and reduces the production cost. China is likely to witness an increase in demand for coatings and paints, which will drive the demand for carbonate minerals in APEJ. Carbonate minerals are widely used in the paint and coating industry. Carbonate minerals in paints and coatings brighten and help to ensure consistency and reliability of the end products. Carbonate minerals in paints and coatings are used to reduce the cost of key expensive components in the formulation. Carbonate minerals are present as 30% by weight in paints and coatings.

Carbonate minerals like calcium carbonate are widely used in the construction industry and are critical to the industry as they are used as both building materials and as an ingredient of cement. Carbonate minerals contribute in the making of mortar that is used in bonding concretes, bricks, stones, rubber compounds, stones and tiles. It is also an important ingredient in steel and glass. Many manufacturing companies use carbonate minerals for its cleavage properties. The calcite in carbonate minerals is a unique mineral as its cleavage takes three distinct directions and has double refraction. This property of calcite makes it valuable in a number of applications.

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