Huntite is a crushed, dried, and finely grounded white powder which is a type of carbonate mineral.
Sarasota, FL -- (SBWIRE) -- 07/05/2017 -- Zion Market Research, the market research group announced the analysis report titled "Huntite Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Huntite Market: Overview
Huntite is a crushed, dried, and finely grounded white powder which is a type of carbonate mineral. It has solidified trigonal framework with molecular formula Mg3Ca (CO3)4 and has a molecular weight of 353.03 gm. It is made up of the combination of different magnesium and calcium carbonates which includes hydromagnesite, magnesite, and dolomite. It has been named in the honor of Walter Frederick Hunt, a renowned mineralogist. Huntite, over a temperature range of about 450–800°C, thermally decomposes and leaves a residue of calcium and magnesium oxides and also releases carbon dioxide. They are generally found in caves which are suited for the low-temperature formation of huntite. Huntite has features such as limited smoke production, retardancy property, recyclability, and easy combustibility. The huntite mineral has a broad range of its applications which includes metallurgy and abrasives, coating and polymer, wooden flooring, heating elements, light bulb, and glasses. It is also used in the plastic cable industry as a flame retarder.
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Global Huntite Market: Segmentation
The global huntite market is segmented into its end-use industry, application, and geography. On the basis of end-use industry, the market is divided into agriculture, construction industry, and chemical industry. Based on application, the market is segregated into metallurgy and abrasives, coating and polymer, heating elements, salt, paints, wooden flooring, plastic goods, plates, mugs, ceramic, light bulbs, and glasses. On the basis of geography, the market is diversified into Europe, the Middle East and Africa, Latin America, Asia Pacific, and North America.
Global Huntite Market: Growth Factors
The huntite mineral demand is rapidly increasing due to its widespread application for various purposes. Rising demand for huntite in the chemical industry is driving the huntite market. Features of huntite such as low smoke production, recyclability, combustion, and no corrosiveness are influencing the market growth positively. Huntite is used in the agricultural, paint, chemical and construction industries and growth in these sectors is boosting the demand for the huntite across the globe.
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Global Huntite Market: Regional Analysis
The largest share in the huntite market is held by Asia Pacific. Growth can be attributed to the large-scale consumption of huntite in China and Malaysia as well as different applications of huntite in the industrial sector of this region. Markets in North America and Europe are expected to expand owing to the rapid industrialization and economic developments that are witnessed in these regions especially in Canada, the U.S., Romania, and Hungary. In the Middle East region, Saudi Arabia and Uzbekistan will have opportunities for the development of huntite market in various territories, such as a raw material component in cement, glass, binders in steel and metallurgy, and ceramics. The African and Latin America regions will be witnessing a significant growth in the coming periods as well.
Global Huntite Market: Competitive Players
Some of the major companies in the huntite market include Leap Labchem Co. Ltd, Wanko Chemical Co. Ltd., Skyrun Industrial Co. Ltd., and Sibleco.
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Huntite Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa