Aragonite Market Share

European Market Forecast

The aragonite market in Europe is predicted to account for the largest share of 41% by 2036 impelled by the huge presence of aragonite deposits. Aragon is the province in Spain that gives rise to the name "Aragonite" discovered from the Aragon River. Aragonite deposits are most commonly found in France, Spain, and Germany since gem-quality Aragonite crystals can be found in hot spring deposits and sedimentary rocks present in these regions.

North American Market Statistics

The North America aragonite market is estimated to be the second largest, during the forecast timeframe led by rising number of restaurants. It is estimated that the U.S. restaurant industry is growing at about twice the rate of the population as eating out has become a regular component of both personal and professional life for many people. This has led to rising demand for aragonite in the region as it is utilized for aquarium décor as well as restaurant décor. For instance, there were more than 101,810 chain restaurants in the US as of 2021.

Frequently Asked Questions (FAQ)

Rising consumption for fertilizers and the growing demand skin care products are the major factors driving the growth of the market.

The market size of aragonite is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Omya AG, Minerals Technologies Inc., Mississippi Lime Company, Minerals Technologies Inc., Longcliffe Quarries Ltd., Esseco Group, Nordkalk Corporation, Maruo Calcium Co. Ltd., Reade International Corp.

The construction segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the European region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Aragonite Market Share