Aragonite is naturally occurring crystal form of the calcium carbonate (CaCO3). It is a carbonate mineral which is formed by the physical and biological process, including precipitation from the fresh water environment. Generally Aragonite is colorless in its pure form but due to impurity present in the crystal leads to form variety of color. it has several application in different fields such as, used as gemstone in jewellery, used for making replicate sea condition for aquatic animal in aquarium. It is also used with soda ash and sand in making glass. Aragonite is alkaline in nature, rich in calcium carbonate. It provides necessary nutrients to the soil which increases the soil fertility so used as alternative fertilizer in agriculture.
Market Size And Forecast
Global Aragonite market is expected to grow at highest CAGR in upcoming years. It is natural occurring polymorphic form of calcium carbonate like other minerals calcite and vaterite. Aragonite is used as secondary fertilizer which provides necessary nutrients to the soil, enhances the soil properties and soil fertility. Rising demand of the Aragonite in agriculture sector is the dynamic factor for the rapid growth of the Aragonite Market over the forecast period
In the regional market North America dominates the overall Aragonite market and will continue its controls over the forecast period. Global Aragonite Market is anticipated to grow at a significant CAGR during the forecast period. Presence of Aragonite sand at the seacoast in this zone, increasing quantity of reef aquarium at the high end of restaurants and domestic places are the some key factor which driving the growth of the Aragonite Market during the forecast period.
Further, Europe government is giving more attention towards agriculture sector. Instead of fertilizer they encourage to use Aragonite to improve the soil fertility which is economic and less harmful to the environment. Rising demand of the aragonite in place of fertilizer is expected to be garner growth factor the Aragonite Market in upcoming years. Asia Pacific is also expected to grow at a significant pace in the upcoming period. Increasing the demand of the chemical used for the treatment of contaminated water and jewellery of gemstone is expected to positively impact the growth of the Aragonite Market over the forecast period. The market is mainly expanding on the back of the growth and expansion of fertilizer industries in the region.
Our in-depth analysis has segmented Aragonite Market into the following segments:
By End User
Global Aragonite Market is further classified on the basis of region as follows:
Growth Drivers And Challenge
Government initiatives and wide range policies are anticipated to growth of the Aragonite Market during the forecast period. Aragonite sand is used in aquarium to stabilize the pH value of the water for the marine animals in aquarium. Further it helps to remove contaminated chemical particles from waste water such as zinc, cobalt, and lead during the water treatment process. These factors are expected to garner growth of the Aragonite Market in upcoming years.
Research and Development activities in fertilizer section are believed to open a gateway of opportunities for the companies entering into the business of Aragonite coating. It is used as alternative to fertilizer in agriculture field to enhance the soil properties which increases the soil fertility. Rising demand of the jewellery items and aquatic animals aquarium are the dynamic factor for the rapid growth of the Aragonite Market over the forecast period.
However, less availability of Aragonite in environment as compared to the other calcium carbonate minerals are expected to be the major restrain for the growth of the Aragonite Market
Scope and Context
Overview of the Parent Market
The Aragonite market is segmented as follows:
Supply & Demand Risk
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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