CARBONATE MARKET ANALYSIS

Regional Analysis

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.