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.

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. In other parts of the world, countries such as Brazil and South Africa are expected to generate high demand for carbonates.

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Major Keyplayers: Omya Group, Huber Engineering Materials, Franklin Minerals, and Imerys S.Apresence among several others.

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