Carbonate Salts Market Size, Share, Growth, And Industry Analysis, By Type (Iron Carbonate, Sodium Carbonate, Potassium Carbonate, Calcium Carbonate and Other), By Application (Dyes and Pigments, Glass and Ceramics, Detergents and Cleaners, Adhesives and Sealants, Paints and Coatings, Paper and Pulp and Other), Regional Forecast From 2023 To 2030

Updated On: 11 September 2023

Carbonate Salts Market Report Overview

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The global carbonate salts market size was USD 16.34 billion in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with carbonate salts experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to reach USD 23.99 billion in 2028, exhibiting a CAGR of 6.61% during the forecast period. The sudden decline in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

A carbonate is a carbonic acid salt or ester. Those carbonates that contain metal ions bound to the CO2 molecule are known as inorganic carbonates. Organic substances such as methyl sulfonate (CH3SO3-), which is generated from sulfuric acid and methane gas, can also be carbonates. Alkaline earth metals are the source of carbonate, which is essentially a member of the mineral family that contains carbonate ions and (CO3)2- as its fundamental structural component. These are some of the most abundant minerals in the world, found in large quantities within the crust of the Earth. The carbon atom is precisely in the middle of the equilateral triangle formed by the oxygen atoms in their trigonometric crystal-like structure.

The crust of the earth contains it. Chalk, limestone, marble, and marine animal shells all contain it. For example, mollusks and corals produce calcium carbonate from dissolved calcium and carbon dioxide in water. Calcium carbonate use has increased, which is related to both the expansion of the paper sector and the rise in the use of dietary supplements. Precipitated calcium carbonate (PCC) and powdered calcium carbonate are the two forms of calcium carbonate that are sold on the market (GCC). GCC is produced by crushing and processing limestone into calcium carbonate powder, whereas PCC is produced by reacting carbon dioxide with a calcium hydroxide solution. During the projected period, an increase in calcium carbonate applications is anticipated to drive the calcium carbonate market.

COVID-19 Impact: Disruption of Supply Chain to Hamper Market Growth

City-wide lockdowns and disruptions in the transportation network are having an indiscriminate effect on the world and the global economy as a result of the COVID-19 epidemic and the rising numbers of sick. In the days and weeks to come, it is anticipated that a considerable impact would be felt on supply chains for chemicals and materials as well as manufacturing processes all over the world. Transportation has ceased as a result of the lockdown of cities and nations. There are countless chemical enterprises that have temporarily closed or are about to do so. However, the COVID-19 outbreak has severely disrupted the world's supply networks.

Latest Trends

"Increase in Demand for Calcium Carbonate in Plastic and Paints Industries to Drive Market"

In a variety of end-use sectors, including paper, plastics, paints, rubber, adhesives and sealants, building and construction, and others, calcium carbonate and its derivatives, such as calcium hydrogen carbonates, are utilized in a variety of applications. In 2031, the paper category is predicted to hold biggest carbonate salts market share. Throughout the projected period, it is anticipated to keep its leadership position. During the forecast period, the plastics sector is anticipated to account for a good compensation of the market in terms of volume. With calcium carbonate, a variety of thermoplastic resins can be employed. Polypropylene composites typically contain calcium carbonate to improve stiffness, which is important for high-temperature applications.

Carbonate Salts Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into iron carbonate, sodium carbonate, potassium carbonate, calcium carbonate and other.

In terms of product, calcium carbonate is the largest segment.

• By Application Analysis

Based on application, the market can be divided into dyes and pigments, glass and ceramics, detergents and cleaners, adhesives and sealants, paints and coatings, paper and pulp and other.

In terms of application, dyes and pigments is the largest segment.

Driving Factors

"Rise in Preference for Paper and Paper-based Packaging Fueling Demand for Calcium Carbonate"

Over the past few years, investment in the paper business has risen sharply. The filler used in biopolymer packaging materials is calcium carbonate. Currently, calcium carbonate predominates over other filler materials used in papermaking. The main driver of calcium carbonate's increased popularity is the demand for thicker, more vibrant paper. Paper packaging is frequently used by manufacturers because it gives consumers access to practical storage as well as aesthetically pleasing and portable packing.

This kind of packaging is also environmentally friendly. It is produced utilizing recycled materials in a variety of sizes and shapes. Paper and paperboard, both of which are renewable resources, are used to make paper containers. Forests that have been sustainably managed can provide the raw material. It is naturally biodegradable and easily recyclable. As a result, it is projected that increased investment in the paper industry will fuel the calcium carbonate market throughout the projection period.

"Growth of Paints and Coatings Industry Propelling Calcium Carbonate Market"

Carbonate salts paints and coatings have a spatial steric effect. The relatively dense lithopone does not sink to the bottom when ultrafine calcium carbonate is added to paint. It can increase the whiteness and gloss of the paint coat without affecting its ability to cover. Because it improves performance, ultrafine calcium carbonate is commonly employed in the paint industry. By reducing settling, it can lower the amount of dispersion used in latex paints. Ultrafine calcium carbonate can be applied to improve covering ability, abrasion resistance, adhesion, impact resistance, and flexibility. This calcium carbonate is activated by a chelated paint dispersion and coupling agent. Additionally, it can enhance color intensity and reflection. Ultrafine calcium carbonate can assist with pigment settling, dispersion, and shine in the aqueous paint industry.

Restraining Factors

"Minerals in Salts to Impede Market Expansion"

Consuming salt negatively affects the kidneys, among other things. Since salt contains sodium, it has an impact on the kidneys. The minerals in salt cause the blood pressure to increase. As a result, crystals begin to form in the kidneys, which may harm them. Hypertension is another negative impact that salt has on our bodies. This is also true because taking too much salt would cause the blood pressure and level of blood to rise. Heart attacks and other cardiovascular dangers result from this. Try to limit your salt intake as a result. This is anticipated to constraint carbonate salts market growth.

Carbonate Salts Market Regional Insights

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"Asia Pacific to Dominate the Market Due to Increased Demand "

The greatest revenue share was of Asia Pacific. Due to increased product demand from end-use sectors such food and beverage, pharmaceuticals, construction materials, and manufacturing equipment polishing, the area is anticipated to maintain its dominance during the forecast period. Additionally, it is projected that favorable government policies and rising foreign investments would fuel industrial expansion in the upcoming years.

The expansion of important end-use industries in Asia Pacific has led to high levels of carbonate product consumption across numerous applications, which is anticipated to boost market growth over the course of the projection period. Due to strong production levels and expanding domestic consumption tendencies in emerging economies like India and Indonesia, China was one of the area's major consumers. Over the next eight years, these factors are projected to contribute to market expansion in the region.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players of carbonate salts are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Bihoku Funka Kogyo (Japan)
• Sankyo Seifun (Japan)
• Imerys (France)
• Fimatec (Japan)
• Jinshan Chemical (Pakistsan)
• Omya (Switzerland)
• Jiawei Chemical (China)
• Calcium Products (U.S.)
• Huber Engineered Materials (U.S.)

Report Coverage

This research profiles a report on carbonate salts with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.