Global Ground Calcium Carbonate Market 2017-2021
About Ground Calcium Carbonate
Calcium carbonate is an inorganic mineral. It is classified into two categories: Ground calcium carbonate and precipitated calcium carbonate. It is used in various sectors such as the paper, paints, and plastics industries. Ground calcium carbonate is used in various applications such as paper, plastics, adhesives and sealants, and other applications which include animal feed, construction, fertilizers, rubber and elastomers, and glass and ceramics.
Technavio’s analysts forecast the global ground calcium carbonate market to grow at a CAGR of 6.65% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ground calcium carbonate market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ground Calcium Carbonate Market 2017-2021
Technavio recognizes the following companies as the key players in the global ground calcium carbonate market: Imerys, J.M. Huber Corporation, Minerals Technologies, Mississippi Lime Company, and Omya.
Other Prominent Vendors in the market are: CARMEUSE, GLC Minerals, Lhoist, and MARUO CALCIUM.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing demand from construction and infrastructure sector. The industrial and commercial buildings are a result of the development of durable and high-quality components produced by the building and construction industry. Ground calcium carbonate and limestone are used in these applications as fillers and extenders, as they offer cost benefits and improved performance. In the building and construction application, product applications consist of vinyl floor tile, asphalt roofing shingles, sheeting, tape joint compounds, stucco, concrete, glass, masonry, and plasters.”
According to the report, one of the major drivers for this market is Increasing demand for ground calcium carbonate as industrial fillers. Fine ground and crushed calcium carbonate is used as a filler in various products such as paint, plastics, paper, rubber, asphaltic products, carpet backing, vinyl floor covering, putty, caulking, sealing, and in coal mines and construction. It is also used as an extender and in manufacturing ultra-fine ground white marble used for filling and coating paper. It is readily substituting titanium dioxide pigment paint as well. Initially, fillers were used as an alternative to costlier material in paints and coatings or polymer in plastics or rubber application. Nowadays, the fillers are used to enhance functional features such as color, stiffness, and opacity. Ground calcium carbonate adds important qualities such as brightness (whiteness), particle size, and chemical purity, which suggests its use in industrial applications.
Further, the report states that one of the major factors hindering the growth of this market is Unfavorable limestone mining and stringent regulations. Limestone is one of the chief sources of ground calcium carbonate. Its reserves are concentrated in North America, particularly in the US. The majority of the limestone mines are situated far from the key consuming regions such as Western Europe. Vendors are finding it economically impractical to sustain this. Also, the suppliers are under obligation to sustain enhanced compliance costs to carry on their operations. The cheaper imports into the North American countries such as Canada and the US are also striking down prices of calcium carbonate and limestone, thereby upsetting the profit margins of the vendors. Moreover, growing public and environmental concerns on limestone mining due to air and noise pollution is hampering the growth of the global ground calcium carbonate market.
Imerys, J.M. Huber Corporation, Minerals Technologies, Mississippi Lime Company, Omya, CARMEUSE, GLC Minerals, Lhoist, and MARUO CALCIUM.
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