- Dimethyl
- Propylene
- Ethylene
- Glycerol
- 1,2-Epoxydodecane
- Others
Carbonate Market size was valued at USD 3,800.0 million in 2023 and is poised to grow at a 6.7% CAGR from 2024 to 2030. Carbonate is the mineral salt of carbonic acid. The most frequent carbonates found in the industry are potassium carbonate, calcium carbonate, ferrous carbonate, and sodium carbonate. Carbonates are commonly utilized in the production of ceramics, detergents, and cement, among others. Carbonate is used in a wide range of sectors, including paper and pulp, adhesives and sealants, paints and coatings, dyes and pigments, and food processing. The carbonate market is expanding rapidly worldwide due to its large-scale applications. The carbonate market is primarily driven by businesses including detergents and cleansers, glass and ceramics, paper and pulp, and food manufacturing and among others.
Carbonate Market Key Developments:
- In August 2022, Cimbar Resources, Inc. announced that it had completed the acquisition of Imerys Carbonates USA Inc.'s calcium carbonate manufacturing assets in Sahuarita, Arizona, to broaden its portfolio and support its goal of providing a diverse range of products to customers in multiple locations.
- In May 2022, Omya, Inc. and its affiliates announced a minimum 9% increase in prices for all calcium carbonate products beginning November 1, 2022. This price increase is the result of cost increases in energy, quarrying, and chemicals that the company faced in the United States and Canada in 2022.
Carbonate Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
6.7%
Largest Market
Asia Pacific
Fastest Growing Market
Asia Pacific
Carbonate Market Dynamics
Rapidly developing industries such as building & construction and automotive are also likely to boost demand for carbonates throughout the forecast period. The chemical industry has increased its need for sodium carbonates in recent years, particularly for operations like water treatment, flue gas desulfurization, coal treatment, and brine treatment. Strict rules mandating the dichlorination of wastewater have increased demand for sodium carbonates. The use of calcium carbonate as a source of calcium in agricultural lime and animal feed is predicted to boost demand for the Carbonates industry in general. Furthermore, calcium carbonate is in high demand in the construction industry as a fixing material for a wide range of products including ceramics, concrete, pavers, renders, and among others. However, market expansion may be hampered by health risks connected with handling carbonates. Furthermore, rigorous rules surrounding adequate wastewater treatment can limit the demand for sodium carbonates, which is projected to impede expansion of the global carbonates market.
Asia-Pacific Got Significant Share of
Carbonate Market Regional Analysis
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The Asia-Pacific region is expected to dominate the carbonates market, owing to the region's growing construction industry. Demand for calcium carbonate is expected to rise due to increased economic activity and new investment opportunities in emerging economies such as China, India, and Indonesia, among others. In addition, demand for carbonates has increased in the textile, pharmaceutical, and energy industries. The coating industry in Asia-Pacific is driven primarily by rapid technological development and an increase in demand for environmentally friendly coating materials. Overall, as demand increases from various end-user industries in the region, the Asia-Pacific carbonate industry is expected to dominate the global market.
Latin America
Europe
Asia Pacific
Middle East
North America
Carbonate Market Segmentation
By Type
By Application
- Solvents
- Catalysts
- Electrolytes
- Additives
- Cleaners
- Others
By End User
- Personal Care and Cosmetics
- Paints & Coatings
- Pharmaceuticals
- Textile
- Energy & Power
- Polymer
- Others
Frequently Asked Questions
The Carbonate Market was valued at USD 3,800 million in 2023 and is projected to reach USD 5,958.1 million by 2030, growing at a CAGR of 6.7%.
The environmentally benign properties of dimethyl carbonate make it beneficial for use as a solvent in the production of paints, cleaning agents, and adhesives, increasing its demand for market expansion.
The growing concern about the sustainability and adaptability of glycerol carbonates has increased demand for the product, which is used to valorize waste glycerol.
Market research is segmented based on type, application, end user and region.
Asia-Pacific is estimated to dominate with the highest CAGR over the forecast period.
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
| 1.Executive Summary |
| 2.Global Carbonate Market Introduction |
| 2.1.Global Carbonate Market - Taxonomy |
| 2.2.Global Carbonate Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Carbonate Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Carbonate Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Carbonate Market By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Dimethyl |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Propylene |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Ethylene |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Glycerol |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. 1,2-Epoxydodecane |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6.Global Carbonate Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Solvents |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Catalysts |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Electrolytes |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Additives |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Cleaners |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Carbonate Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Personal Care and Cosmetics |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Paints & Coatings |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Pharmaceuticals |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Textile |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Energy & Power |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Polymer |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Others |
| 7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 8.Global Carbonate Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Carbonate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Dimethyl |
| 9.1.2.Propylene |
| 9.1.3.Ethylene |
| 9.1.4.Glycerol |
| 9.1.5.1,2-Epoxydodecane |
| 9.1.6.Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Solvents |
| 9.2.2.Catalysts |
| 9.2.3.Electrolytes |
| 9.2.4.Additives |
| 9.2.5.Cleaners |
| 9.2.6.Others |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Personal Care and Cosmetics |
| 9.3.2.Paints & Coatings |
| 9.3.3.Pharmaceuticals |
| 9.3.4.Textile |
| 9.3.5.Energy & Power |
| 9.3.6.Polymer |
| 9.3.7.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Carbonate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Dimethyl |
| 10.1.2.Propylene |
| 10.1.3.Ethylene |
| 10.1.4.Glycerol |
| 10.1.5.1,2-Epoxydodecane |
| 10.1.6.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Solvents |
| 10.2.2.Catalysts |
| 10.2.3.Electrolytes |
| 10.2.4.Additives |
| 10.2.5.Cleaners |
| 10.2.6.Others |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Personal Care and Cosmetics |
| 10.3.2.Paints & Coatings |
| 10.3.3.Pharmaceuticals |
| 10.3.4.Textile |
| 10.3.5.Energy & Power |
| 10.3.6.Polymer |
| 10.3.7.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Carbonate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Dimethyl |
| 11.1.2.Propylene |
| 11.1.3.Ethylene |
| 11.1.4.Glycerol |
| 11.1.5.1,2-Epoxydodecane |
| 11.1.6.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Solvents |
| 11.2.2.Catalysts |
| 11.2.3.Electrolytes |
| 11.2.4.Additives |
| 11.2.5.Cleaners |
| 11.2.6.Others |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Personal Care and Cosmetics |
| 11.3.2.Paints & Coatings |
| 11.3.3.Pharmaceuticals |
| 11.3.4.Textile |
| 11.3.5.Energy & Power |
| 11.3.6.Polymer |
| 11.3.7.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Carbonate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Dimethyl |
| 12.1.2.Propylene |
| 12.1.3.Ethylene |
| 12.1.4.Glycerol |
| 12.1.5.1,2-Epoxydodecane |
| 12.1.6.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Solvents |
| 12.2.2.Catalysts |
| 12.2.3.Electrolytes |
| 12.2.4.Additives |
| 12.2.5.Cleaners |
| 12.2.6.Others |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Personal Care and Cosmetics |
| 12.3.2.Paints & Coatings |
| 12.3.3.Pharmaceuticals |
| 12.3.4.Textile |
| 12.3.5.Energy & Power |
| 12.3.6.Polymer |
| 12.3.7.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Carbonate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Dimethyl |
| 13.1.2.Propylene |
| 13.1.3.Ethylene |
| 13.1.4.Glycerol |
| 13.1.5.1,2-Epoxydodecane |
| 13.1.6.Others |
| 13.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Solvents |
| 13.2.2.Catalysts |
| 13.2.3.Electrolytes |
| 13.2.4.Additives |
| 13.2.5.Cleaners |
| 13.2.6.Others |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Personal Care and Cosmetics |
| 13.3.2.Paints & Coatings |
| 13.3.3.Pharmaceuticals |
| 13.3.4.Textile |
| 13.3.5.Energy & Power |
| 13.3.6.Polymer |
| 13.3.7.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.BASF SE |
| 14.2.2.Empower Materials |
| 14.2.3.Kowa Company Ltd. |
| 14.2.4.Omya AG |
| 14.2.5.Albemarle Corporation |
| 14.2.6.Chemtura Corporation |
| 14.2.7.Kowa Company Ltd |
| 14.2.8.Sibelco |
| 14.2.9.Huntsman International LLC |
| 14.2.10.Anmol Chemicals Group |
| 14.2.11.LyondellBasell Industries Holdings B.V. |
| 14.2.12.Shandong Lixing Chemical Co. Ltd. |
| 14.2.13.ReactChem Co. Ltd. |
| 14.2.14.SMC Global |
| 14.2.15.TOAGOSEI Co. Ltd |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- BASF SE
- Empower Materials
- Kowa Company Ltd.
- Omya AG
- Albemarle Corporation
- Chemtura Corporation
- Kowa Company Ltd
- Sibelco
- Huntsman International LLC
- Anmol Chemicals Group
- LyondellBasell Industries Holdings B.V.
- Shandong Lixing Chemical Co. Ltd.
- ReactChem Co. Ltd.
- SMC Global
- TOAGOSEI Co. Ltd