The global Calcium Magnesium Carbonate market reached USD 4.65 Billion in 2022 and is projected to soar to USD 7.34 Billion by 2032, with a robust revenue Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period. The substantial surge in demand for Calcium Magnesium Carbonate (CaMg (CO3)2) across diverse industries like construction, agriculture, and healthcare stands out as a pivotal driver fueling the growth in market revenue.
CaMg (CO3)2 plays a crucial role as a filler material in the production of construction materials, including concrete, bricks, and tiles. Its preference over alternative fillers is attributed to its cost-effectiveness, high durability, and easy availability. Furthermore, the escalating construction activities in emerging economies such as China, India, and Brazil are anticipated to contribute significantly to the overall market revenue growth.
In agriculture, CaMg(CO3)2 finds widespread use as a soil conditioner and fertilizer. These applications serve to enhance soil quality, improve water-holding capacity, and provide essential nutrients like Calcium and magnesium to plants. The market is poised to benefit from the rising global population and the increased demand for food, further stimulating market revenue growth.
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These are used as an antacid and a dietary supplement due to their high calcium and magnesium Content. Increasing prevalence of Gastroesophageal Reflux Disease (GERD) and other digestive disorders is rising demand for CaMg(CO3)2 as an antacid. Increasing awareness about importance of calcium and magnesium in maintaining bone health is increasing need for CaMg(CO3)2 as a dietary supplement. CaMg(CO3)2 is a natural and eco-friendly mineral that is widely used as a substitute for synthetic fillers and fertilizers. Furthermore, increasing focus on sustainable development and eco-friendly products is also expected to drive market revenue growth.
Strategic Development:
- In 2021, Omya International AG announced the acquisition of Formulae Development, LLC, a leading producer of calcium carbonate-based solid oral dose pharmaceutical excipients. This acquisition helped Omya expand its market position in the pharmaceutical industry and strengthen its product portfolio.
- In 2020, IMI FABI S.p.A. acquired the calcium carbonate business of Solvay S.A. This acquisition helped IMI FABI expand its product portfolio and strengthen its position in the global Calcium Magnesium Carbonate market.
- In 2020, Mineral Technologies Inc. announced the acquisition of Hydromet Corporation, a leading provider of mineral processing and water treatment technologies. This acquisition helped Mineral Technologies expand its capabilities in mineral processing and strengthen its market position.
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Moreover, the report provides insight into how the Calcium Magnesium Carbonate market will develop between 2023 and 2028. Companies operating in the Calcium Magnesium Carbonate market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Calcium Magnesium Carbonate market is expected to undergo significant changes that will highly configure its growth.
Furthermore, the report highlights the growth prospects of the Calcium Magnesium Carbonate market and estimates market progress in terms of value (USD million) and volume (thousand units).
Some of the major companies operating in the Calcium Magnesium Carbonate market include:
- Omya International AG
- Mineral Technologies Inc.
- Maruo Calcium Co., Ltd.
- IMI FABI S.p.A.
- Carmeuse Group S.A.
- Lhoist Group
- Sudarshan Group
- Nordkalk Corporation
- Graymont Limited
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Key Questions Answered in This report on the Calcium Magnesium Carbonate Market
The report provides detailed information about the Calcium Magnesium Carbonate market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. The information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the Calcium Magnesium Carbonate market, so as to help them formulate successful strategies and take target-driven decisions.
- How are key market players successfully earning revenue from the advantages of the product?
- What will be the Y-o-Y growth of the Calcium Magnesium Carbonate market between 2023 and 2028?
- What are the winning imperatives of market frontrunners in the Calcium Magnesium Carbonate market?
- Which end-user is expected to undertake maximum adoption of the product during the forecast period?
Research Methodology: Calcium Magnesium Carbonate Market
The research methodology adopted by analysts to compile the Calcium Magnesium Carbonate market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Calcium Magnesium Carbonate market.
During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Calcium Magnesium Carbonate market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Calcium Magnesium Carbonate market.
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