24 January 2019: Aragonite
Market is expected to grow at the highest CAGR in the upcoming
period. Aragonite is polymorphic form of calcium carbonate. It occurs deep in
the sea in the carbonate shells and in the lava beds. Aragonite in sea is
formed due to the concentration of magnesium, which favors formation of
carbonate shell. Aragonite is naturally occurring crystal forms of calcium
carbonate like the other minerals such as calcite and vaterite. Aragonite is
low in magnesium, rich in calcium carbonate, and alkaline in nature.
The factors responsible for the growth of United States
Aragonite market are, as stated above, increasing use of aragonite in
agricultural sector; as it provides nutrients to the soil and stimulates the
microbial life thus increasing the fertility of the soil, enhances the soil
properties by adding some minerals and aragonite sand used in aquariums as they
help to stabilize the pH level of the water for aquatic animals. However,
availability of aragonite is not high as compared to limestone and nitrates.
These factors negatively impact the growth of Aragonite industry.
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The United States Aragonite industry is widely analyzed
based on different regional factors such as gross domestic product (GDP),
demographics, acceptance, inflation rate and others. United States Aragonite
industry is categorized based on color, crystallography, form, application and
geography. Based on color, the United States aragonite market is classified as
red, white, orange, yellow, brown, green, blue and grey.
Based on crystallography, the market is classified into
pisolitic, acicular, pseudo-hexagonal, columnar, reniform, prismatic crystals,
internally banded, coralloidal, stalactitic, and globular. Based on form, the
market is classified as stone and sand. Based on application, the market is
classified into jewelry, printed material, and others.
Based on geography, the United States Aragonite market spans
Southwest, The Middle Atlantic, The West, New England, The South, and The
Midwest. Key players operating in the market are U.S. Aragonite Enterprises,
Red Sea, REAL REEF SOLUTIONS and The Fertrell Company. The major market players
are focusing on inorganic growth to sustain themselves amidst fierce
competition. As such, mergers, acquisitions, and joint ventures are the need of
the hour.
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Aragonite Market by
Geographical Regions:-
•
The West
•
Southwest
•
The Middle Atlantic
•
New England
•
The South
•
The Midwest
Aragonite Market by
Applications:-
•
Jewelry
•
Printed Material
•
Others
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