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).

Market Overview

Carbonates are diester derivatives of carbonic acid or carbon dioxide, formed through condensation with hydroxyl compounds. The inorganic carbonates are salts of carbonic acid containing carbonate ions, as well as ions of metals such as calcium or sodium. Inorganic carbonates are key constituents in dolomites and limestone, and also consist of hard parts of marine invertebrates. The most common types of carbonates that have industrial applications are potassium carbonate (K2CO3), iron carbonate (Fe2CO3), calcium carbonate (CaCO3), and sodium carbonate (Na2CO3). These carbonates are widely used in end use industries such as dyes and pigments, paints and coatings, food manufacturing, paper and pulp, detergents and cleaners, adhesives and sealants, and glass and ceramics among others.

Market Dynamics

The demand for carbonates is driven by industrial applications such as ceramics, detergents, smelting, and cement among several others. Moreover, increasing demand for calcium carbonates from the paper and pulp industry are propelling growth of the market. Rapidly expanding sectors such as building and construction and automotive are also expected to facilitate demand for carbonates over the forecast period. Demand for sodium carbonates from the chemical industry has increased in the past few years, specifically in processes such as water treatment, desulfurization of flue gas, coal treatment, and brine treatment. Strict regulations centered which require dechlorination of wastewater have increased demand for sodium carbonates. Utilization of calcium carbonate as a source of calcium in agricultural lime and animal feed is expected to benefit demand for the carbonates market in general. Furthermore, calcium carbonate is in huge demand in the construction industry as fixing material for arrange of products such as ceramics, concrete, paving, renders and so on.

However, the market growth may be restrained by health concerns associated with handling carbonates. Moreover, stringent regulations regarding effective wastewater treatment can affect the demand for sodium carbonates, which in turn, is expected to hamper growth of the global carbonates market.

Market Outlook

Asia Pacific has exhibited highest growth in the past few years, and the trend is projected to continue over the forecast period owing to a rise in demand for carbonates from several end use sectors. Additionally, the region is witnessing rapid industrialization due to presence of several key players, and growth in consumer demand from emerging economies such as India and China. Among other countries, Japan and South Korea are projected to record significant market growth. North America is expected to account for the second largest market share owing to huge demand from the U.S., and presence of several end use industries such as chemicals, glass, and ceramics among others. In other parts of the world, countries such as Brazil and South Africa are expected to generate high demand for carbonates.

Key Players

Key players operating in the carbonates market on a global scale are Omya Group, Huber Engineering Materials, Franklin Minerals, and Imerys S.Apresence among several others.

Key Developments:

  • 01 Feb 2018, Imerys acquired the consolidated calcium carbonates business of Vimal Microns and Vee Microns. The new entity operates under the name of Imerys Carbonates India Limited.
  • 24 July 2018, Minerals Technologies Inc. announced an agreement with Shouguang Meilun Paper Co., Ltd., a wholly owned subsidiary of Shandong Chenming Paper Holdings Ltd.. This agreement will help build a 150,000 metric ton per year satellite precipitated calcium carbonate plant at its paper mill in Shouguang, Shandong Province, China.
  • 14 Dec, 2015, a subsidiary of J.M. Huber Corporation, Huber Carbonates, LLC, announce to increase capacity at its ground calcium carbonate (GCC) operation in Marble Hill, Georgia. This is targeted for completion in 2016

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users