Carbonate Market Projected to Grow at a Steady Pace During 2022-2028

Carbonate Market, by Type (Dimethyl, Propylene, Ethylene, Glycerol, 1, 2-Epoxydodecane, 1, 2-Hexadecene, Styrene, Epichlorohydrin, and Others), Application Type (Solvent, Catalyst, Electrolyte, Additive, Cleaner, and Others), and End User Type (Cosmetics & Personal Care, Paints & Coatings, Pharmaceuticals, Textile, Energy & Power, Polymer, and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, Israel, and Others]).

The carbonate market was estimated at US$ 3.5 billion in 2021 and is expected to grow at a CAGR of 7.1% during 2022-2028 to reach US$ 5.3 billion by 2028.

The carbonate market is a broad market that includes a range of different products, including calcium carbonate, sodium carbonate, and potassium carbonate, among others. These products are used in various industries, including construction, paper and pulp, pharmaceuticals, and agriculture.

The carbonate market is expected to grow at a steady rate in the coming years, driven by the growing demand from various end-use industries.

The COVID-19 pandemic has had a mixed impact on the carbonate market, with some segments experiencing growth while others have been negatively impacted.

The demand for calcium carbonate, which is widely used in the construction and paper industries, has been affected by the slowdown in construction activities and the decline in demand for paper products due to the COVID-19 pandemic. The global lockdowns and restrictions on travel and trade have also disrupted the supply chain for calcium carbonate, affecting its production and distribution.

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