Global Calcium Carbonate Market: Snapshot
The global calcium carbonate market is prophesied to make progress with the rise of the paper industry and growing demand from the plastic sector. Calcium carbonate is also used in other industries such as rubber, architectural materials, paints and additives, coatings, and light chemicals. Besides this, the inorganic mineral and commercial and functional filler supports the light scattering and brightening qualities of paper. Since calcium carbonate is used as an extender in paints and coatings and a major raw material in cement, an elevating demand from the building and construction sector is also predicted to boost the global market.
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According to the latest figures procured through extensive primary and secondary research by Transparency Market Research (TMR), the global calcium carbonate market is projected to reach 112.0 mn tons by 2019. A significant growth is expected to be witnessed by the global market, relying on the growing number of applications in end-use industries. In 2016, the market had attained a volume of 99.0 mn tons.
Precipitated Calcium Carbonate More Promising than Ground Calcium Carbonate
Ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC) are the two principal product type segments, out of which GCC holds a significant share in the market. However, the GCC market is anticipated to lose its share while growing at a lower CAGR than that of PCC. With a wide array of applications in coated papers and improved physical properties, the PCC segment is envisaged to touch 23.8 mn tons in 2019 from 20.5 mn tons in 2016.
Calcium carbonate finds applications in various end-use sectors such as paper, plastic, building and construction, pharmaceutical, and agriculture. The paper market held a gigantic share of 40.4 mn tons in 2016 and is expected to reach 45.9 mn tons by the end of the forecast period. High priority for education which is fueling the production of books and articles in Asia Pacific countries such as India has created large opportunities for paper manufacturers. The plastic market is envisioned to grow hand in hand with the paper market, increasing its share at a 0.5% rate by 2019.
Asia Pacific Pushes Down Market Share of North America and Europe
By geography, the global calcium carbonate market is foretold to be dominated by Asia Pacific throughout the forecast period. With a whopping percentage share of 50.8% in 2019, the Asia Pacific region will ride on easy availability of raw materials and low cost of production. Moreover, different industries such as education, packaging, and fast-moving consumer goods (FMCG) demanding paper at a substantial rate are expected to drive the market in Asia Pacific.
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The Rest of the World market, including Latin America and the Middle East and Africa, is foreseen to exhibit a stallion growth while accounting for a promising 6.9% share by the end of the forecast period.
Other segments such as North America and Europe are analyzed to decline their market share by 1.0% each in 2019. North America could suffer from the volatile economic conditions in the region and emergence of the rising markets in Asia Pacific countries. Europe is predicted to be on the back foot due to the closure of paper mills and effects of recession.
Innovations in technology is one of the key factors for ensuring sustained growth amidst a highly competitive scenario. For instance, CalciTech Ltd. has developed and patented synthetic calcium carbonate (SCC), which finds usage in the manufacture of specific food and pharmaceutical products. Some of the prominent players operating in the global calcium carbonate market are Mississippi Lime Co., Imerys, Maruo Calcium Co. Ltd., and Schaefer Kalk GMBH & Co. KG.