Asia Pacific Emerging as Prominent Region in Growing Carbonate Market
Carbonate Market The Asia Pacific Carbonate Market is estimated to be valued at US$ 3.8 Bn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023-2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Carbonates are widely used in various applications such as pharmaceuticals, coatings, paints, plastics, paper, rubber, adhesives, sealants, and construction materials. Calcium carbonate is commonly used as a filler in paints, plastics, and rubber. Market Dynamics: Rising consumption in end use industries such as pharmaceuticals, paints & coatings, plastics, and construction is one of the major factors driving growth of the carbonate market. Carbonates find significant application in pharmaceuticals industry, where calcium carbonate and sodium bicarbonate are commonly used as inactive ingredients in drug formulations and as nutritional supplements. Moreover, carbonates are widely utilized in the production of paint...