Carbonate is a mineral salt of carbonic acid. The most common types of carbonates available in the industry are calcium carbonate (CaCO3), potassium carbonate (K2CO3), sodium carbonate (Na2CO3) and iron carbonate (Fe2CO3). These carbonates are used in various end-user industries such as detergents, ceramics, cement and smelting among others. The global carbonate market also includes organic carbonates in which carbonate is functional group of the compound. These compounds are also known as carbonate esters or organocarbonates. Some of the important carbonate esters include ethylene carbonate, dimethyl carbonate and triphosgene among others. Carbonate esters are used as solvents in batteries and chemical industry. Carbonates find applications in various end-user industries such as paper & pulp, paints & coatings, adhesives & sealants, detergents & cleaners, glass & ceramics, dyes & pigments and food manufacturing among others.
The market for carbonate is mainly driven by various end-user industries such as detergents & cleaners, paper & pulp, glass & ceramics and food manufacturing among others. Calcium carbonates is used in adhesives & sealants which find applications in automotive, building & construction and electronics industry among others. In addition, huge demand from paper and pulp industry has been driving the market for calcium carbonate in past few years. Sodium carbonate is another mineral salt of carbonate and is widely used in applications such as glass manufacturing, detergents & softeners, food manufacturing and chemical electrolytes among others. Potassium carbonate are used in various end-user industries such as glass & ceramics, dyes & pigments, cleaners, food processing, gas purification, chemicals and leather industry among others. Iron carbonate is another compound of carbonate and can be used in manufacturing of other ferrous oxides. However, health concerns, issues associated with carbonates are anticipated to hinder the market growth over the forecast period.
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On the basis of type, the global carbonate market is segmented into:
- Calcium Carbonate
- Potassium Carbonate
- Sodium Carbonate
- Iron Carbonate
On the basis of end-use industries, the global carbonate market is segmented into:
- Paper & Pulp
- Paints & Coatings
- Adhesives & Sealants
- Detergents & Cleaners
- Glass & Ceramics
- Dyes & Pigments
- Others (includes food manufacturing)
In terms of geography, Asia Pacific Excluding Japan was the leading region capturing most of the carbonate market regional volume share in 2013. Asia Pacific Excluding Japan is also anticipated to be the fastest growing markets for carbonate due to increasing demand for carbonates from various end-user industries such as paper & pulp, detergents & cleaners, adhesives & sealants, chemicals, glass & ceramics, dyes & pigments and food processing among others. China had the highest demand and production for some of the carbonates available in the market in 2013. Other Asian countries such as India, Japan, Korea and Japan are anticipated to show positive growth for the carbonates market due to huge demand from manufacturing industry. Asia Pacific Excluding Japan is followed by North America in terms of Carbonate demand. Increasing demand of carbonates such as calcium carbonate, potassium carbonate and sodium carbonate from industries such as paper & pulp, detergents & cleaners and glass & ceramics have been driving the carbonates market in the region. U.S. had the largest demand for carbonate owing to huge demand from paper & pulp and glass & ceramics industry. In 2013, Europe had the third-largest demand for carbonate market. European countries such as Germany, France, the UK, Spain, Italy and Russia exhibited the highest demand for carbonates in past few years and are likely to follow similar trend over forecast period. Latin America and the Middle East & Africa are likely to offer positive outlook for the carbonate market in next few years to come.
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Carbonate Market: Key players
Some of the key manufacturers in the carbonate market are Franklin Minerals, Huber Engineering Materials, Imerys S.A., Omya Group, Excalibar Minerals LLC, Mississippi Lime Company, Solvay S.A., Schaefar Kalk GmbH & Co. KG among others. The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.