Huntite Market Global Industry Analysis, Trends and Forecast, 2017-2027
Carbonates are minerals which are generally utilized on outside the Earth. The carbonate minerals are very soft and easily soluble in hydrochloric acid. The carbonates have crystal structure which reflects the trigonal symmetry of the carbonate iron that is made out of carbon atom placed centrally in an equilateral triangle of oxygen atoms. The anion gathers frequently found and blend with sodium, calcium, press, aluminum, and uranium and rare earth minerals. Huntite is a kind of carbonate mineral which has solidified trigonal framework that emerges as platy fine and precious stones masses. The Huntite is crushed, dried, finely ground and classifies to produce white in color powder form. The flame retardancy property owing to the reaction of exothermic and endothermic. The chemical formula and molecular weight are Mg3Ca (CO3)4 and 353.03gm respectively. Huntite is made up of the combination of different Mg/Ca carbonates which includes magnesite, hydromagnesite, and dolomite. Huntite is decomposed at the range of 450 to 800 degree Celsius temperature which releases carbon dioxide and leaving a residue of calcium oxides and magnesium. The Huntite is mainly used for industrial purpose. The huntite is majorly found in United States, Australia, Uzbekistan, Canada, Hungary, Romania, and Malaysia.
Global Huntite: Market Dynamics:
The huntite mineral market is mainly driven by the rise in demand of chemical industry products. The huntite mineral has low smoke production, combustion, recyclability, and no corrosiveness which further leads to an increase in the market. Moreover, increase use of minerals for cement and paints in the building and construction industry is likely to grow the global huntite market. The increase in demand of these sectors leads to the rise in demand of huntite mineral market. The construction market in the Eastern Europe and BRIC is growing that lead to the use of minerals which creates an opportunity for the huntite mineral market to rise in the coming years. The quality of mineral which desired by mineral inspection, storage, and warehousing which influenced the prices of huntite mineral in the European economy.
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Global Huntite: Segmentation:
The global huntite market is segmented based on its end use industry, application, and region.
Based on the end use industry, the global huntite market is segmented into:
- Chemical Industry
- Construction Industry
Based on application, the global huntite market is segmented into:
- Light bulbs
- Plastic goods
- Wooden flooring
- Heating elements
- Coating and polymer
- Metallurgy and abrasives
Based on region, the global huntite market is segmented into:
- North America
- Latin America
- Easter Europe
- Western Europe
- Asia Pacific excluding Japan
- The Middle East
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Global Huntite: Segmentation Overview:
The global huntite market is segmented based on the end- use industry, application and region. The huntite mineral demand is increasing due to its extensive usage for a different purpose. The huntite mineral is mainly utilized for an industrial purpose which includes agriculture, chemical, and construction industry. The huntite mineral has a broad range of its applications includes coating and polymer, metallurgy and abrasives, heating elements, wooden flooring, glasses, light bulb. Moreover, huntite mineral is used to make plastic cable industry as a flame retarder.
Global Huntite: Regional Outlook:
North America, Latin America, Japan, Eastern Europe, Western Europe, APEJ and The Middle East are the seven segment in which global huntite market is segmented. The huntite mineral is found in Denizil region of Turkey and used as reinforcement for an unsaturated polymer. Asia-Pacific is the largest consumer of huntite mineral because of its different application in the industrial sector and large consumption from China. Europe and North America has anticipated that would expand the demand for huntite mineral in future. Saudi Arabia has opportunities for the development of huntite minerals in various territories, such as a raw material component in glass, cement, ceramic and binders in metallurgy and steel.
Global Huntite: Key Players:
The prominent suppliers of global huntite market are:
- Leap Labchem Co. Ltd
- Skyrun Industrial Co. Ltd
- Wanko Chemical Co. Ltd.
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