The global calcium carbonate market will have opportunities worth US$22,311.06 mn to share from by the end of 2025, substantially more than the market’s evaluated valuation of US$15,158.33 mn in 2017.
Albany, NY -- (SBWIRE) -- 03/14/2018 -- New research report offers a comprehensive analysis of the "Calcium Carbonate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025"The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.
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Global Calcium Carbonate Market: Snapshot
Calcium carbonate is a fairly common compound that is extracted from the Earth's crust and finds applications in diverse industries, including building and construction, paper, plastic, and adhesives and sealants. According to this business and commerce study, the prosperity of each of those industries, and several others, will continue to increment the demand in the global calcium carbonate market at a formidable CAGR of 5.0% during the forecast period of 2017 to 2025. The analysts of the report have estimated that the vendors operating in the global calcium carbonate market will have opportunities worth US$22,311.06 mn to share from by the end of 2025, substantially more than the market's evaluated valuation of US$15,158.33 mn in 2017.
The increasing demand for paints and coatings on the back of flourishing building and construction industry, incremented investments in the paper industry, growing usage of nano-calcium carbonate in the rubber and pharmaceutical industries, and government initiatives for the growth of the plastics industry in the Middle East are some of the key factors driving the demand in the global calcium carbonate market. On the other hand, environmental hazards of mining limestone and negative effects of using calcium carbonate in dietary supplements are a few restraints challenging the market for the same.
Ground Calcium Carbonate Maintaining Strong Demand
Commercially, calcium carbonate is available in two types, namely precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC). PCC is produced as a result of reaction between carbon dioxide and a solution of calcium hydroxide, whereas GCC is obtained by crushing and processing limestone into calcium carbonate powder. The properties of PCC and GCC that includes fineness, particle size distribution, and color, enables this product to meet technical requirements for several applications. More than 60% of the demand in the global calcium carbonate market was catered by GCC in 2016. The GCC segment is further sub-segmented into coated GCC and uncoated GCC. Uncoated GCC accounted for the major share and this trend is expected to continue during the forecast period.
Calcium carbonate is used in several applications such as paper, plastic, paint, rubber, adhesives & sealants, building & construction, and others. Calcium carbonate is used as filler in paper, plastic, adhesives, sealants. More than 25% of calcium carbonate is used by the paper industry, where it is used as a filler and improves the brightness of paper. Silica-modified calcium carbonate improves mechanical, structural, and optical properties of paper. It is used as mineral filler or pigment in plastics. It is also filled in polypropylene compounds to increase rigidity. Calcium carbonate is used as an extender and additive to make paints & coatings bright and durable. Moreover, it is used as building material and ingredient in various products such as roof singles, concrete, paving, renders, ceramics, etc.
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Calcium carbonate controls the shrinkage in adhesives and sealants and also improves their gap filling properties and viscosity. In oil & gas industry, calcium carbonate is used as additive in fluids that are applied in drilling to control the penetration volume of liquids from the rock while drilling. It is used as an active ingredient in agricultural lime and a source of calcium mineral in animal feed to promote growth of animals in animal feed. Dietary supplements also contain calcium carbonate as a source of calcium. It is also used in makeup, shaving creams, and skin and hair care products.
Asia Pacific Most Lucrative Region by a long Margin
Geographically, Asia Pacific dominates the demand in the global calcium carbonate market, promising to provide for a demand that will be worth US$12,231.16 mn by the end of 2025. The demand in the APAC calcium carbonate market is poised to increment at an above-average CAGR of 5.4% during the forecast period of 2017 to 2025. On the other hand, Europe and North America re next two lucrative regions, and expected to remain so in the near future too.
Omya AG, Minerals Technologies Inc., Mississippi Lime Company, Imerys, United Mining Investments Co., Yuncheng Chemical Industrial CO., Ltd, Huber Engineered Materials, Global Calcium Carbonate Industries, Zhenjiang Jiande Longhua Plastic Chemical Co., Ltd, Maruo Calcium Co. Ltd, Okutama Kogyo Co. Ltd, and Schaefer Kalk GmbH & Co KG are some of the notable players in the global calcium carbonate market.
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