Aragonite Market - Regional Analysis
European Market Insights
Europe industry is estimated to hold largest revenue share of 41% by 2035, 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 Insights
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.
