Global Calcium Carbonate Market 2018-2022
About Calcium Carbonate
Calcium carbonate is an inorganic mineral which is classified into two categories, namely, ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC). It is used in various applications in the paper and plastic industries. Also, calcium carbonate is widely used as an additive for thermoplastics and is also used in polyvinyl chloride (PVC) applications. Calcium carbonate fillers are used to make the quality of the paper smooth and light. They also provide excellent printing properties.
Technavio’s analysts forecast the global calcium carbonate market to grow at a CAGR of 6.53 % during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global calcium carbonate market for 2018-2022. To calculate the market size, the report considers the revenue generated from the calcium carbonate.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Calcium Carbonate Market 2018-2022
Technavio recognizes the following companies as the key players in the global calcium carbonate market: Imerys, Minerals Technologies, Mississippi Lime Company, OKUTAMA KOGYO, Omya, and Schaefer Kalk
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is APAC dominating the market. APAC is the foremost and significantly growing regional segment in the global calcium carbonate market. This is primarily due to the increase in disposable income of consumers and the rapid economic growth. Industrialization and economic development in China, Japan, and India, are the key influencing factors for the market in APAC. The thriving paints and coatings industry is also fostering the development of the global calcium carbonate market in the region.”
According to the report, one of the major drivers for this market is Importance of PCC in the paper industry. The importance of PCC is growing in the paper industry primarily due to its superior characteristics and features. PCC is widely used as a coating pigment, filler additive, brightening agent, and surface finish additive in the paper industry. In addition, it is preferred in the paper industry due to its fine particle size and controlled and effortless application. It also enhances the gloss and promotes bonding in the paper
Further, the report states that one of the major factors hindering the growth of this market is Declining sources of limestone. Limestone is one of the economic sources of calcium carbonate. Some of the limestone reserves can yield as high as 98%-99% of calcium carbonate. Limestone reserves are geographically concentrated in North America, especially in the US.
Imerys, Minerals Technologies, Mississippi Lime Company, OKUTAMA KOGYO, Omya, and Schaefer Kalk