Calcium carbonate is a naturally occurring chemical compound. More than 4% of the earth’s crust is comprised of calcium carbonate. It is also found in limestone, chalk, marble, and travertine. It is an extensively used additive and is processed in a wide range of particle sizes to be further utilized as a low-cost filler for enhancing the properties of its end-products.
Increasing Application in Various End Use Industrial Manufacturing Processes Anticipated to Drive the Demand for Calcium Carbonate. It has been used as a crucial component in the manufacturing process of paper, plastic, paint, rubber, and adhesive, among others. Its versatility, from enhancing the strength and durability of adhesives to improving the gloss of paints, makes it a popular product across industries. Calcium carbonate is majorly used as a filler or a pigment in the paper, plastic, and paints & coatings, and also as a dietary supplement in the food and healthcare industries. Furthermore, above 30% of calcium carbonate is consumed by the paper industry in 2018. It is used as a filler and improves the brightness of the paper. While the expansion of the manufacturing industry in developing economies has positively impacted the demand for calcium carbonate.
“Global Calcium Carbonate Market was Valued at US$ 19.2 Bn in 2018 and it is Expected to Reach More than US$ 32.9 Bn by 2027, Likely to Grow with the CAGR of 6.2 % During the Forecast Period.”
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On the basis of the end-use industry, the calcium carbonate market has been segmented into plastic, paper, paints & coatings, adhesives & sealants, building & construction and others. The paints & coatings segment is projected to grow at the fastest growth rate of above 8 %, in terms of revenue during the forecast period. Increasing construction activities and automotive production in emerging economies are propelling the consumption of paints & coatings. GCC is extensively used in paints as an extender, a rheology modifier, an agent to increase or decrease gloss effect, and as an additive to densify the end-products.
North America was the second-largest market in 2018 owing to increasing demand from paints & coatings and plastics industry in the U.S. However, the Central & South America region is projected to register the highest growth in the calcium carbonate market during the forecast period Central & South America is projected to be the fastest growth rate during the forecast period. According to the IMF, South America’s GDP is expected to increase by around 22.0% by 2023. The recovery of the economy is expected to result in the growth of the construction industry in the region, which is anticipated to lead to increased consumption of calcium carbonate.
Some of the key players in the global Calcium Carbonate market are Imerys, Minerals, Technologies Inc, Newpark Resources Inc, Zhenjiang Jiande Longhua Plastic Chemical Co., Ltd, Yuncheng Chemical Industrial CO., Ltd, Nordkalk Corporation, Global Calcium Carbonate Industries, Calcit d.o.o, Schaefer Kalk GmbH & Co KG, Shiraishi Kogyo Kaisha Ltd,OKUTAMA KOGYO CO., LTD. And Maruo Calcium Co. Ltd.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
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