The global calcium carbonate market size
is expected to be valued at USD 34.28 billion by 2025, according to a new
report by Grand View Research, Inc., registering a 5.7% CAGR during the
forecast period. Apart from being used in the construction, paper, and plastic
industries, calcium carbonate also finds application as a dietary supplement,
an additive for PVC, and in metalloids and minerals.
Demand for calcium carbonate from the paper
industry has witnessed a significant rise in recent years, signifying an
increase in paper production, and this trend is likely to continue over the
upcoming years as well. While precipitated calcium carbonate (PCC) and ground
calcium carbonate are both used for the production of paper, the former remains
the favored material owing to the operational flexibility it renders.
Asia Pacific is estimated to be the fastest
and largest growing market for calcium carbonate on a global level, backed by
rapid growth of the paper and plastics industries. Demand in the region is
likely to be propelled by factors such as rise in paper production,
establishment of new paper mills, and increase in mineral loadings of paper to
cut down pulp usage.
Establishment of on-site production
facilities, especially for supplying high-quality PCC to paper mills, is a key
strategy adopted by leading market participants. Product development is also of
prime importance in the industry. Notable players in the industry include
Mineral Technologies Inc.; Omya; Parchem Specialty & Fine Chemicals; and
Imerys Pigments.
Full research report on calcium
carbonate market analysis:
https://www.grandviewresearch.com/industry-analysis/calcium-carbonate-market
https://www.grandviewresearch.com/industry-analysis/calcium-carbonate-market
Further key findings from the study suggest:
·
The global calcium carbonate demand was
113.7 million tons in 2016 and is expected to reach 180.1 million tons by 2025,
at an estimated CAGR of 5.3% from 2017 to 2025
·
The paper industry accounted for approximately
50% of the global calcium carbonate demand in 2016 and the trend is expected to
continue over the forecast period
·
The paints and coatings segment is expected
to register a CAGR of 5.9% in terms of revenue over the forecast period
·
Displacement of resin permits significant
cost savings on raw materials by replacing about 40% of plastic with calcium
carbonate
·
Asia Pacific dominates the global demand.
It also accounted for the leading revenue share of 36.9% in 2016. The region is
also expected to witness fastest growth over the forecast period.
View more reports of this category by Grand View Research
at: https://www.grandviewresearch.com/industry/advanced-materials
Grand View Research has segmented the
global calcium carbonate market on the basis of application and region:
Calcium Carbonate Application Outlook (Volume, Kilotons;
Revenue, USD Million, 2014 - 2025)
·
Paper
·
Paints & Coatings
·
Plastics
·
Adhesives & Sealants
·
Others
Calcium Carbonate Regional Outlook (Volume, Kilotons;
Revenue, USD Million, 2014 - 2025)
·
North America
o U.S
·
Europe
o Germany
o Italy
o France
·
Asia Pacific
o China
o Japan
o India
·
Middle East & Africa
·
Central & South America
Access press release by Grand View
Research: https://www.grandviewresearch.com/press-release/global-calcium-carbonate-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.