Calcium Magnesium Carbonate Market is Estimated to Reach USD 7.34 Billion by 2032: Reports and Data
The global calcium magnesium carbonate market size was USD 4.56 Billion in 2022 and is expected to register a revenue CAGR of 5.2% over the forecast period, according to the latest report by Reports and Data.
CaMg (CO3)2 is a filler material used in the manufacture of building materials such as concrete, bricks, and tiles. Because of its low cost, great durability, and ease of availability, CaMg(CO3)2 is favoured over alternative fillers. Furthermore, rising building activity in emerging markets such as China, India, and Brazil is likely to fuel market revenue growth.
CaMg(CO3)2 finds extensive application as a soil enhancer and fertilizer in the realm of agriculture. These aids serve to ameliorate soil quality, augment water-retention capabilities, and impart vital nutrients, including Calcium and Magnesium, to plants. Furthermore, the escalating global populace and the surging demand for sustenance are anticipated to propel the growth of market revenue.
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