North America Carbonate Market Size, Share & Trends Analysis Report By Application, By End Use, By Type (Glycerol, Dimethyl, Ethylene, Propylene, 1,2-Epoxydodecane, 1,2-Hexadecene, Styrene, Epichlorohydrin, and Others), By Country and Growth Forecast, 2023 - 2030
The North America Carbonate Market would witness market growth of 6.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 703.6 Killo Tonnes, showcasing a growth of 5.1% (2019-2022).
The market witnesses continuous research and development efforts to unlock new applications and enhance carbonate functionalities. Novel formulations, improved production techniques, and the exploration of carbon capture and utilization technologies contribute to the market's evolution, presenting opportunities for enhanced performance, efficiency, and environmental responsibility.
Amidst this landscape of innovation and diversification, the carbonate market remains a fundamental pillar in supporting industrial and commercial endeavors. Its pervasive presence across many industries underscores its indispensability, driving progress, innovation, and sustainability across sectors and shaping the trajectory of industrial development on a big scale.
The pharmaceutical sector's growth and economic contribution denote potential connections to the carbonate market. The relevance of carbonate-based materials in pharmaceutical manufacturing, including their use in drug formulation, packaging, and medical device production, and the expansion of the pharmaceutical industry in Canada signifies potential avenues for increased demand and application of carbonate compounds within the pharmaceutical sector. Hence, the expansion of the power sector and pharmaceutical industry is driving the growth of the carbonate market.
The US market dominated the North America Carbonate Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,036.8 million by 2030. The Canada market is experiencing a CAGR of 6.6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.5% during (2023 - 2030).
Based on Application, the market is segmented into Solvents, Catalysts, Electrolytes, Additives, and Cleaners & Others. Based on End Use, the market is segmented into Paints & Coatings, Cosmetics & Personal Care, Pharmaceuticals, Energy & Power, Polymer, Textile, and Others. Based on Type, the market is segmented into Glycerol, Dimethyl, Ethylene, Propylene, 1,2-Epoxydodecane, 1,2-Hexadecene, Styrene, Epichlorohydrin, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- BASF SE
- Huntsman Corporation
- LyondellBasell Industries Holdings B.V.
- Empower Materials (Axess Corporation)
- Anmol Chemicals Private Limited
- Kowa Company, Ltd.
- Shandong Lixing Chemical Co. Ltd.
- Imerys S.A
- SMC Global
- Solvay SA
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Solvents
- Catalysts
- Electrolytes
- Additives
- Cleaners & Others
- Paints & Coatings
- Cosmetics & Personal Care
- Pharmaceuticals
- Energy & Power
- Polymer
- Textile
- Others
- Glycerol
- Dimethyl
- Ethylene
- Propylene
- 1,2-Epoxydodecane
- 1,2-Hexadecene
- Styrene
- Epichlorohydrin
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Carbonate Market, by Application
- 1.4.2 North America Carbonate Market, by End Use
- 1.4.3 North America Carbonate Market, by Type
- 1.4.4 North America Carbonate Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Strategies Deployed in Carbonate Market
- Chapter 5. North America Carbonate Market by Application
- 5.1 North America Solvents Market by Country
- 5.2 North America Catalysts Market by Country
- 5.3 North America Electrolytes Market by Country
- 5.4 North America Additives Market by Country
- 5.5 North America Cleaners & Others Market by Country
- Chapter 6. North America Carbonate Market by End Use
- 6.1 North America Paints & Coatings Market by Country
- 6.2 North America Cosmetics & Personal Care Market by Country
- 6.3 North America Pharmaceuticals Market by Country
- 6.4 North America Energy & Power Market by Country
- 6.5 North America Polymer Market by Country
- 6.6 North America Textile Market by Country
- 6.7 North America Others Market by Country
- Chapter 7. North America Carbonate Market by Type
- 7.1 North America Glycerol Market by Country
- 7.2 North America Dimethyl Market by Country
- 7.3 North America Ethylene Market by Country
- 7.4 North America Propylene Market by Country
- 7.5 North America 1,2-Epoxydodecane Market by Country
- 7.6 North America 1,2-Hexadecene Market by Country
- 7.7 North America Styrene Market by Country
- 7.8 North America Epichlorohydrin Market by Country
- 7.9 North America Others Market by Country
- Chapter 8. North America Carbonate Market by Country
- 8.1 US Carbonate Market
- 8.1.1 US Carbonate Market by Application
- 8.1.2 US Carbonate Market by End Use
- 8.1.3 US Carbonate Market by Type
- 8.2 Canada Carbonate Market
- 8.2.1 Canada Carbonate Market by Application
- 8.2.2 Canada Carbonate Market by End Use
- 8.2.3 Canada Carbonate Market by Type
- 8.3 Mexico Carbonate Market
- 8.3.1 Mexico Carbonate Market by Application
- 8.3.2 Mexico Carbonate Market by End Use
- 8.3.3 Mexico Carbonate Market by Type
- 8.4 Rest of North America Carbonate Market
- 8.4.1 Rest of North America Carbonate Market by Application
- 8.4.2 Rest of North America Carbonate Market by End Use
- 8.4.3 Rest of North America Carbonate Market by Type
- Chapter 9. Company Profiles
- 9.1 BASF SE
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.6 SWOT Analysis
- 9.2 Huntsman Corporation
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segment and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 SWOT Analysis
- 9.3 LyondellBasell Industries Holdings B.V.
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Product Launches and Product Expansions:
- 9.3.6 SWOT Analysis
- 9.4 Empower Materials, Inc. (Axess Corporation)
- 9.4.1 Company Overview
- 9.4.2 SWOT Analysis
- 9.5 Anmol Chemicals Private Limited
- 9.5.1 Company Overview
- 9.5.2 SWOT Analysis
- 9.6 Kowa Company, Ltd.
- 9.6.1 Company Overview
- 9.6.2 SWOT Analysis
- 9.7 Shandong Lixing Advanced Material Co., Ltd.
- 9.7.1 Company Overview
- 9.7.2 SWOT Analysis
- 9.8 SMC Global
- 9.8.1 Company Overview
- 9.9 Imerys S.A.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Recent strategies and developments:
- 9.9.4.1 Acquisition and Mergers:
- 9.9.4.2 Geographical Expansions:
- 9.10. Solvay SA
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Partnerships, Collaborations, and Agreements:
- 9.10.6 SWOT Analysis
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