Albany, NY -- (SBWIRE) -- 09/26/2017 -- The global market for calcium carbonate is the focus of study of a market research report published by Transparency Market Research (TMR). The report, titled "Calcium Carbonate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019" states that the market, which had a valuation of US$15.66 bn in 2012, will expand at a 7.0% CAGR between 2013 and 2019 and rise to US$25.01 bn by 2019. According to the report, factors such as significant growth of the pulp and paper and plastic industries across the globe will propel the global calcium carbonate market. However, the highest demand for calcium carbonate will not come from developed markets, but from developing regions such as Latin America and Asia Pacific.The report segments the global calcium carbonate market on the basis of three criteria: application, product type, and geography.
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On the basis of product type, the market is segmented into ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC). The rising set of applications of GCC in traditional end-use industries such as pulp and paper, plastics, paints and coatings, and several non-traditional areas is driving the demand from this market segment. Over the report's forecast period, the market for GCC is expected to expand at a 2.90% CAGR. The market for PCC is expected to expand at a 3.90% CAGR over the report's forecast period.
On the basis of application area, the global calcium carbonate market is segmented into finds paper, plastic, agriculture, building and construction, and pharmaceutical.On the basis of geography, the market is segmented into Asia Pacific, Europe, North America, and Rest of the World. In 2012, Asia Pacific held the leading position by accounting for a share of nearly 49% in the global calcium carbonate market. Over the report's forecast period as well, Asia Pacific is expected to expand at a healthy 4.4% CAGR, lower only than the Rest of the World, which is likely to expand at a 4.5% CAGR. The growth for the calcium carbonate market in Asia Pacific will be owing to the rapid industrial expansion in countries such as India and China. The demand for specialty papers such as tissue paper and packaging paper has continuously increased in Asia Pacific in the past few years owing to the rise in awareness about personal hygiene and changing lifestyles.
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Europe, the second largest regional market for calcium carbonate in 2012, accounted for a share of 23.7% in the global market, followed by North America, which accounted for a share of 20.7% in the global market. Closure and restructuring of several paper mills in these regions will lead to a sluggish demand for calcium carbonate over the report's forecast period.
According to this research report, the global calcium carbonate market stood at US$15.6 bn in 2012. Expanding at a CAGR of 7.0% from the 2013-2019 period, the worldwide market is likely to reach US$25 bn by the end of the forecast period.
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Some of the major companies operating in the global calcium carbonate market are Huber Engineered Materials, Maruo Calcium Co. Ltd., Great Lakes Calcium Corp., Excalibar Minerals, Okutama Kogyo Co.Ltd., Mississippi Lime Co., Imerys, Solvay S.A., Omya Ag, Shiraishi Kogyo Kaisha Ltd., Schaefer Kalk GMBH & Co. KG, and Minerals Technologies Inc.
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