Global Calcium Carbonate Market: Snapshot
The substantial demand for calcium carbonate in the paper industry and its growing application as popular additives is gaining traction in the manufacture of a variety of plastic products. The plastics sector is providing lucrative avenue for the growth of the calcium carbonate market as the compound is preferred as inorganic powder additive in plastic processing. The use of concentrates offers several benefits such as improved productivity, elevated outputs, and in reducing white pollution. In recent years, high density polyethylene films made with the help of calcium carbonate is associated with low carbon footprint of the finished products and significant environmental benefits. In addition, calcium carbonate find various applications as fillers in many pharmaceutical products.
The burgeoning demand for calcium carbonate in paints and coatings industry and as cement in the building and construction industry is opening up exciting opportunities in developing regions such as Latin America and Asia Pacific. Driven by a number of emerging applications in several end-use industries, the calcium carbonate is projected to rise at a 7.0% CAGR during 2013–2019 and is estimated to reach 112.0 mn tons by the end of the forecast period.
Precipitated Calcium Carbonate (PCC) to Witness Substantial Demand in Paper Industry
Based on the product type, the calcium carbonate market is bifurcated into precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC). Of these, currently the GCC segment holds a substantial market share. However, along the forecast period, GCC is anticipated to witness a decline in demand and the PCC segment is expected to gain share. This is attributed to the potential application of PCC and its pigments in improving paper printability and appearance, in addition to a variety of other applications in making coated papers. The segment is anticipated to reach a valuation of 23.8 mn tons by the end of 2019.
The major end-use application segments of calcium carbonate market are paper, building and construction, plastic, agriculture, and pharmaceutical. Among these, the paper end-use industry held the major share amounting to 40.4 mn tons in 2016 and is projected to reach 45.9 mn tons by the end of 2019. In addition, the plastics end-use market is projected to rise at the same pace over the forecast period.
Asia Pacific Market to Grow at Blistering Pace
Geographically, the calcium carbonate market is segmented into Europe, Asia Pacific, North America, and Rest of the World (RoW). Of these the Asia Pacific market for calcium carbonate is projected to hold the dominant share throughout the forecast period. The regional market is projected to garner a whopping share of 50.8% by the end of 2019. The dominance of the market is primarily drive by the easy availability of raw materials. The substantial production of paper to meet the burgeoning demand of educational materials in various countries has translated to an accelerated application of the compound. In addition, extensive demand for calcium carbonate in packaging in the region has catalyzed the market growth.
The RoW market, which includes Latin America and the Middle East and Africa, is projected to rise at the major CAGR over the forecast period. The RoW market is anticipated to account for a share of 6.9% by the end of the forecast period.
North America and Europe are expected to witness a decline in their market share by 1.0% each by the end of 2019. The slump in demand for calcium carbonates in Europe is attributed to slow economic recovery after recession and the closing down of paper mills, while marked volatility in economic conditions in the U.S. is expected to impede the North America market.
The global market for calcium carbonate draws much of its growth from its rising application in the paper as well as plastic industry. The increasing demand for calcium carbonate from the building and construction industry has also been fueling this worldwide market to a great extent. Additionally, the introduction of novel technologies for the production of synthetic calcium carbonate is predicted to open new avenues for market participants in the coming years.
Precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC) are the major products available in the worldwide calcium carbonate market, whereas the paper, building and construction, pharmaceutical, plastic, and agriculture industries are the key end users of calcium carbonate across the world.
Regionally, the global calcium carbonate market is distributed among Europe, Asia Pacific, North America, Latin America, and the Rest of the World.
This research report on the worldwide calcium carbonate market aims at providing market participants, consultants, and stakeholders a clear understanding of where this market is headed. The report employs various analytical tools such as market feasibility, Porter’s five forces, and SWOT analysis to present a comprehensive overview of the global market for calcium carbonate.
Overview of the global calcium carbonate market
According to this research report, the global calcium carbonate market stood at US$15.6 bn in 2012. Expanding at a CAGR of 7.0% from the 2013-2019 period, the worldwide market is likely to reach US$25 bn by the end of the forecast period.
Analysts have projected the market for GCC to rise at a CAGR of 2.90% during the forecast period, owing to its high demand from unconventional end users as well as from the paper, paints and coatings, and plastics industries. On the other hand, the PCC market is reported to increase at a CAGR of 3.90% on account of its brightness, opaqueness, and various other properties.
The global calcium carbonate market has been led by Asia Pacific in terms of volume produced. The rise in the demand for PCC and GCC from developing Asian economies such as China and India is the key reason for this growth. This regional market is likely to report a CAGR of 4.40%, over the forecast period from 2013 to 2019.
This is projected to be the second fastest growth among all the regional markets for calcium carbonate by 2019; the Rest of the World region is anticipated to post the most rapid development, at a CAGR of 4.50% during the forecast period.
In 2012, the calcium carbonate market in North America accounted for a share of 20.70% in the global calcium carbonate market, while the Europe market for calcium carbonate produced 20.5 mn tons.
The market for calcium carbonate has carved out a niche in the global arena and the future also looks promising for this industry. However, analysts have predicted that adverse effects associated with excessive consumption of calcium carbonates might hamper the smooth growth of the global calcium carbonate market.
Companies mentioned in the research report
Excalibar Minerals, Great Lakes Calcium Corp., Imerys, Huber Engineered Materials, Minerals Technologies Inc., Maruo Calcium Co. Ltd., Mississippi Lime Co., Omya Ag, Okutama Kogyo Co.Ltd., Schaefer Kalk GMBH & Co. KG, Solvay S.A., and Shiraishi Kogyo Kaisha Ltd. are the major companies operating in the global calcium carbonate market.
Key segments of the global calcium carbonate market
- Ground Calcium Carbonate (GCC)
- Precipitated Calcium Carbonate (PCC)
- Building & Construction
- Others (Pharmaceutical, agriculture, etc.)
Major regions analyzed under this research report are:
- North America
- Latin America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments