Aragonite Market Size & Share, by Application (Construction, Aquariums, Agriculture, Gemstone Cutting, Additive, Pigment, Glass, Contaminated Water Treatment, Pharmaceuticals); Type (Stone, Stand); End-User (Restaurants, Hospitals, Agriculture, Domestic Places); Distribution Channel (Online, Offline) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 1031
  • Published Date: Oct 31, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Aragonite Market size is poised to reach USD 2 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of aragonite was USD 1.30 Billion. The reason behind the growth is impelled by the rising consumption for fertilizers. Aragonite, a calcium carbonate mineral found in seashells, is used as a secondary fertilizer to help the soil grow by supplying it with essential nutrients and improving its fertility and also aids in reducing the quantity of fertilizer required to produce high-quality crops. Global fertilizer usage increased from around 177 million metric tonnes in 2011/2012 to more than 191 million metric tonnes in 2022/2023.

The growing demand skin care products are believed to fuel the aragonite market growth. Aragonite is a grounding stone that provides empowerment and protection, making it a perfect element for skincare, haircare, cosmetics, exfoliants, and personal hygiene products as it helps increase skin's natural metabolism to minimize big pores, repair blemishes, tone and renew complexion, and lessen redness.


Aragonite Market
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Aragonite Sector: Growth Drivers and Challenges

Growth Drivers

  • Rising Usage of Aragonite in Construction Sector – Aragonite is a part of limestone, a rock also used to make cement and concrete and also aids in the production of extremely translucent glass.
  • Growing Water Pollution- The capacity of aragonite to remove impurities like lead, zinc, and cobalt from pollution is among its most intriguing qualities that have also prompted an investigation into the creation of filtration devices for the treatment of wastewater and the purification of water. According to the World Health Organization (WHO), more than 1.7 people worldwide used feces-contaminated drinking water in 2022.
  • Spiking Consumption of Dietary Supplements- Aragonite is formulated to supply ionic and complexed calcium together with other essential elements such as strontium and barium to strengthen bones.
  • Increasing Marine Industry- Aragonite is the most soluble forms of calcium carbonate that can be found in freshwater and marine environments and is extensively employed by marine calcifiers.
  • Surging Need for Jewelry- Aragonite has soft yellow and warm orange hues, and has long been used to create jewelry for young adults as it has a hardness value of only 3.5.
  • Increasing Applications in Medical Sector- Aragonite is used medicinally for a variety of therapeutic goals since it serves as both a targeted drug delivery system and a bone scaffold, and is also utilized by hemodialysis patients to eliminate waste products from their blood, including excess fluid and urea.
  • Applications in Geologic Research- Owing to its distinct characteristics and possible uses, aragonite, an uncommon mineral in the geological record, has recently captured the interest of geologists.
  • Rising Trend of Yoga & Meditation- Aragonite is one of the three most prevalent crystal forms that occur naturally to enhance vitality, emotions of self-worth, and self-confidence, improve decision-making abilities, help break the tendency of putting things off, enhance the power of prayers, and aid with meditation. For instance, more than 250 million people worldwide practice yoga.

Challenges

  • Lack of Availability of Aragonite - In the geological record, aragonite is uncommon owing to its diagenetic instability however it is seldom found in Upper Palaeozoic sedimentary rocks. Moreover, in geological terms, aragonite gradually changes into calcite owing to which it is more frequently found in particular geological settings or as stalactites, stalagmites, and in some organic structures such as shells and pearls. 
  • Highly competitive aragonite market owing to the presence of substitutes
  • Manufacturing of Aragonite Lacks Standardization

Aragonite Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~5%

Base Year Market Size (2023)

~ USD 1.30 Billion

Forecast Year Market Size (2036)

~ USD 2 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Aragonite Segmentation

Application (Construction, Aquariums, Agriculture, Gemstone Cutting, Additive, Pigment, Glass, Contaminated Water Treatment, Pharmaceuticals)

The construction segment in the aragonite market is estimated to gain a robust revenue share of 25% in the coming years owing to the rising construction of commercial buildings. There is a growing demand for data centers, multifamily buildings, new industrial facilities, and sophisticated technology manufacturing spaces owing to a growing population base, and easier access to capital. 

Moreover, aragonite is occasionally employed in the construction of commercial buildings such as malls, restaurants, and hospitals for a variety of reasons. It can be used as a decorative stone in interior design or construction facades its appealing crystalline structure and color variations. Additionally, it can be used as a calcium source in the manufacturing of cement and concrete, to enhance the material's strength and can make the final product stronger and last longer. With an average construction cost of over USD 4330 in 2020, Macao had the highest retail mall development expenditures in the Asia Pacific region.

Furthermore, the aquariums segment in the aragonite market is poised to gain significant share during the forecast timeframe. An excellent natural substrate for aquariums is aragonite reef sand which helps buffer aquarium water or maintain calcium concentrations and maximizes the capacity for filtering.

Type (Stone, Stand)

Aragonite market from the stone segment is set to garner a notable share shortly. The word "Aragonite" means "Stone of Truth” which is one of the most effective beginner stones for parents, adolescents, young adults, and kids since it controls emotions and keeps people from making rash decisions, in tense relationships that test the nerves, relieves stress, emotional fatigue, and anger.

Our in-depth analysis of the global aragonite market includes the following segments:

                          Application

  • Construction
  •  Aquariums
  • Agriculture
  • Gemstone Cutting
  • Additive
  • Pigment
  • Glass
  • Contaminated Water Treatment
  • Pharmaceuticals

                         End-User

  • Restaurants
  • Hospitals
  • Agriculture
  • Domestic Places

                         Type

  • Stone
  •  Stand

                         Distribution Channel

  • Online
  • Offline

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Aragonite Industry - Regional Synopsis

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.

Research Nester
Aragonite Market size
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Companies Dominating the Aragonite Market

top-features-companies
    • CARMEUSE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Omya AG
    • Minerals Technologies Inc.
    • Mississippi Lime Company
    • Minerals Technologies Inc.
    • Longcliffe Quarries Ltd.
    • Esseco Group
    • Nordkalk Corporation
    • Reade International Corp.
    • Aremco Products Inc.

In-the-news

In The News

  • CARMEUSE a leading global producer of lime and limestone, acquired Yager Materials a well-managed company to increase its footprint in the construction sector.
  • Omya AG announced to increase the production capacity of calcium carbonate in order to adapt to client demand for board and paper applications in Europe.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 1031
  • Published Date: Oct 31, 2023
  • Report Format: PDF, PPT

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 Report Scope
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