Global Aragonite Market:
Overview
Aragonite is
a carbonate mineral having an orthorhombic crystal system, and very closely
resembles calcite. It is considered as the purest form of calcium carbonate.
The mineral has garnered wide popularity as gemstone in various parts of the
world and has promising healing properties with energy enhancing powers.
Aragonite contains traces of magnesium and sand inclusion but rich in calcium
carbonate, and is alkaline in nature. It may be present in various colors such
as blue, brown, gray, green, orange, red, white, and yellow. It is one of the
key components of organic substances, such as coral and pearl. Owing to the
availability of aragonite in a variety of colors, the mineral has found
noticeable use in fashion jewelry.
Various types
of crystallography in the global aragonite
market are globular, pisolitic, stalactitic, coralloidal, internally
banded, acicular, columnar, reniform, and prismatic crystals. It is sometimes
found deposited in the beds of hot springs. It can be found in the gypsum beds
and in the beds of hot springs.
The various
assessments and findings presented in the study help in identifying prevailing
opportunities and new frontiers in emerging and key regions. The study takes a
closer look at manufacturing developments and prominent trends that will
underpin new applications.
Global Aragonite Market: Trends and
Opportunities
The rising
use of aragonite in the agricultural applications is a key factor propelling
the expansion of the aragonite market. The compound is used as a fertilizer
substitute for boosting soil fertility. Rising need for promoting soil
fertility in developing countries is fueling the expansion of the market.
Aragonite plays a vital role in meeting the mineral requirement of the soil and
helping boosting its microbial activity. The rising usage of aragonite sand in
maintaining a stable pH of aquarium water is a key trend boosting the market.
The mineral also finds attractive use in wastewater treatment. It is
extensively used in eliminating cobalt, lead, and zinc from the wastewater. In
addition, aragonite has therapeutic application. It is used in hemodialysis
patients as it removes wastes such as extra fluids and urea in their blood.
However, the aragonite market is reeling under substantial pressure from the
low availability, especially when compared to limestone and nitrates.
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The market is
garnering gains from the rising demand for aragonite in making reef aquarium at
high-end restaurants. This is a notable trend bolstering the market’s
expansion. Aragonite is also gathering demand for making glass.
Global Aragonite Market: Regional
Landscape
On the
regional front, North America is expected to occupy a prominent position in the
global aragonite market. This is attributed primarily to the presence of
aragonite in Florida beaches. Rising demand for aragonite in reef aquarium in
restaurants and residential places in various parts of the country is expected
to keep the prospects increasingly lucrative. Europe is also a promising
regional market for aragonite. The growth is propelled by the rising demand for
the compound as fertilizer substitute in the region. The demand for aragonite
in developing regions, especially Asia Pacific, are expected to rise at
promising pace in the coming few years.
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Global Aragonite Market: Competitive
Landscape
The report
offers a critical assessment of the prevailing competitive dynamics and the
developments likely to impact that dynamic in the coming years. The study also
takes a closer look at the current product portfolio of key players and
analyzes the investment strategies of various players in the global aragonite
market. Some of the prominent market operating in the market are The Fertrell
Company, Real Reef Solutions, and U.S. Aragonite Enterprises.
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