Carbonate materials find extensive applications across various end-use industries such as automotive, paints & coatings, agriculture, construction, electronics & electrical among others owing to their exceptional properties such as high thermal stability, transparency, impact resistance, flame resistance, and durability. Polycarbonate films derived from carbonate raw materials are increasingly used in the automotive industry for applications such as exterior automotive parts, instrument panels, lenses, and greenhouse applications due to their light weight and high impact strength.
The global Carbonate Market is estimated to be valued at US$ 159.51 Mn in 2023 and is expected to exhibit a CAGR of 3.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing demand for polycarbonate films from the automotive industry is one of the key trends driving the growth of the carbonate market. Polycarbonate films are increasingly replacing polyvinyl butyral and glass in various automotive applications such as instrument panels, exterior lighting, lenses, and automotive canopies due to their lighter weight and higher impact strength. The growing automotive production across regions such as Asia Pacific and Europe is expected to drive the consumption of polycarbonate films, thereby augmenting the demand for carbonate raw materials over the forecast period.
Segment Analysis
The Global Carbonate Market Size is dominated by the sodium carbonate sub-segment. Sodium carbonate account for over 30% of the total market share owing to its wide applications in glass, chemicals, water treatment and others. It is widely used as an intermediate in the production of chemicals like sodium bicarbonate, sodium perchlorate, sodium sulfate, trisodium phosphate and others. Sodium carbonate finds extensive usage as an electrolyte in primary batteries such as zinc-carbon batteries and sodium-sulfur batteries.
Key Takeaways
The global carbonate market is expected to witness high growth over the forecast period of 2023 to 2030. The market is projected to grow at a CAGR of 3.7% during the forecast period. By 2030, the market size is estimated to reach US$ 239.64 Mn.
Regional analysis
Asia Pacific region currently dominates the global carbonate market with over 40% share. China accounts for majority of the demand owing to strong presence of manufacturing sector in the country. Fast development of industries such as glass manufacturing, water treatment and battery in China, India and other South-East Asian countries is augmenting the growth of carbonate market in Asia Pacific region. North America and Europe are other major markets for carbonates.
Key players
Key players operating in the carbonate market are Evonik Industries AG (RAG-Stiftung), JSR Corporation, Kumho Petrochemical Co. Ltd., Kuraray Co. Ltd., Lanxess AG, Nippon Soda Co. Ltd., Reliance Industries Limited, Saudi Basic Industries Corporation (Aramco Chemicals Company), Synthomer PLC, Synthos (Ftf Galleon S.A.), UBE Corporation, Versalis (Eni S.p.A.). Among these, Evonik Industries AG, Saudi Basic Industries Corporation and Lanxess AG hold prominent market shares.
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The global position sensors market share and size is expected to grow during the forecast period, 2019 – 2026.
Various trends in the global automotive sector influences the demand for position sensors.
In addition, growing digitalization in the automotive sector boosts the culture of automation in automotive industrial units.
For instance, autonomous cars, electrification of cars and enhanced connectivity is more likely to influence the market growth.
Moreover, stringent regulations pertaining to safety in automobile sector is contributing to the market growth in the forecast period.Position sensors are deployed for a variety of purpose and commercial applications right from military to automotive and consumer goods.
Position sensors are most important from the commercial aspect since output precision indicates the type of sensor used and also highlighting their respective pros and cons.
Mar 11, 2020: Global Calcium Carbonate Market is estimated to witness substantial growth in the forecast period due to increase in demand from various end use industries.
Calcium carbonate is a common substance present in rocks as aragonite and minerals calcite.
Calcium carbonate is also medicinally used as an antacid and as a calcium supplement in limited quantities.
Calcium carbonate is majorly used to prepare Portland cement and lime.The key drivers of calcium carbonate market include growing coating and additive industry, booming paper industry, increasing investment in construction industry, and high demand from paper industry since calcium carbonate offers better print quality, extended shelf life of paper, cheaper process of paper production.
However, growing environmental issues concerning limestone mining and health hazards due to excessive consumption of calcium supplement is hampering the growth of calcium carbonate market.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/global-calcium-carbonate-market-outlook-2018-2023/request-sampleIntroduction of green applications and growing use of nano precipitated calcium carbonate are trending in the market.
Increasing industrialization and growing construction activities is offering opportunities to the market.
Polycarbonate Films market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Polycarbonate Films market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Polycarbonate Films market is segmented into:OpticalFlame RetardantWeatherableOthersDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/61085/global-china-polycarbonate-films-2026-623Segment by Application, the Polycarbonate Films market is segmented into:Electrical & ElectronicsTransportationMedical PackagingOthersRegional and Country-level Analysis:The Polycarbonate Films market is analysed and market size information is provided by regions (countries).The key regions covered in the Polycarbonate Films market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Polycarbonate Films Market Share Analysis:Polycarbonate Films market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
