Global Calcium Carbonate Market- Segmented by Type, Application, End-User Industry and Geography - Growth, Trends and Forecast (2018 - 2023)
The calcium carbonate market is expected to grow at a steady pace, with a CAGR of 6.94% during the forecast period. Growing construction activities, and demand from industries, such as paper & pulp, plastic, and automotive in Asia-Pacific is driving the growth of calcium carbonate market.
Growing Demand from Packaging & Tissue Paper Industries
In the packaging industry, calcium carbonate is used in polyethylene (PE) film manufacturing process, which increases line speed and specific output. It is used for making more environmentally friendly bags, by reducing carbon emissions and energy. From thin films to thicker sheets, calcium carbonate is applied to enhance mechanical properties and improve productivity in a wide variety of rigid and flexible packaging applications. Besides this, usage of calcium carbonate in high-quality tissue products is increasing. With the e-commerce and e-retail trend, packaging, and tissue paper industry has been witnessing noticeable increase in demand, which is further driving the demand for calcium carbonate for application in PE films and tissue making.
Paper Industry Dominates the Demand
Among various end-user industries, paper industry dominates the demand for calcium carbonate. Though digitalization has reduced the paper work in service sector and other organizations, the growing youth population and increasing education institution continues to create steady growth in the demand for books, copies, papers, diaries, etc., further leading to increase in paper production. Calcium carbonate is widely used in the paper mill, as a filler material in the alkaline papermaking process. It helps to make paper brighter and bulkier. Thus, the increasing demand for brighter and bulkier paper, along with growing paper demand from educational institution and youth population is expected to drive the demand for calcium carbonate in paper industry in the coming years.
Asia-Pacific to Lead the Market
Asia-Pacific is projected to lead the market for calcium carbonate, owing to the increasing construction activities in the region. Besides boom in construction activities, the demand for calcium carbonate is expected to be driven by the increasing economic activities, and new investment opportunities in the emerging economies, such as China, India, Indonesia, and others. These emerging countries is projected to continue witnessing strong demand for vehicles, food, plastics, etc., which is further increasing the output of such industries and attracting investments into the sector. Thus, such projected growth in the end-user industries is likely to drive the demand for calcium carbonate in the region.
Key Developments in the Market
February 2018: IMERYS acquired calcium carbonates and dolomite business of Vimal Microns Ltd. With the acquisition of Vimal Microns Ltd., a key supplier of Calcium Carbonates in India, IMERYS further strengthened its presence in India
Major Players: Fujian Sanmu Nano Calcium Carbonate Co., Ltd., Imerys Carbonates, Huber Engineered Materials, Mineral Technologies Inc., and Graymont Limited, amongst others.
Reasons to Purchase this Report
To understand the impact of construction boom in Asia-Pacific on the calcium carbonate market. Analyzing various perspectives of the market with the help of Porter’s five forces analysis. To understand the dominating product & application in the calcium carbonate market. Region & countries expected to witness fastest growth during the forecast period Identifying the latest developments, market shares and strategies employed by the major market players 3-month analyst support, along with the Market Estimate sheet in excel
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