Rising Sales of FMCG Products Benefit Calcium Carbonate Market
According to the latest market study published by Transparency Market Research (TMR) on the global calcium carbonate market, the market is expected to develop at a CAGR of 7.0% from 2013 to 2019. The report, titled “Calcium Carbonate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019”, states that the global calcium carbonate market will be valued at US$25 bn by 2019, increasing from US$15.6 bn in 2012. By volume, the calcium carbonate market amounted to 86.5 mn tons in 2012.
Browse Full Calcium Carbonate Market (GCC and PCC) for Paper, Plastic, Building & Construction and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019 report at https://www.transparencymarketresearch.com/calcium-carbonate-market.html
According to the report, in recent times, increasing application of calcium carbonate in FMCG packaging has benefitted the calcium carbonate market significantly. This includes the utilization of calcium carbonate as a filler and extender in paper and plastic products, and in adhesives and sealants, among others.
However, excessive consumption of calcium carbonate in the form of drugs is detrimental to health, which is likely to hamper the growth of this market. To address this issue, health associations have compiled age-wise permissible levels of calcium intake on a daily basis, wherein the health risks associated with excessive intake of calcium carbonate are addressed as well. For these efforts to be fruitful, key players are focused on innovations and developments in order to improve product performance, reduce production cost, and enhance the physical properties of calcium-based drugs.
By product, ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC) are the segments of the calcium carbonate market. The segment of PCC will display a CAGR of 3.90% during the forecast period, due to its opacity, brightness, and intense white color. On the other hand, the segment of GCC is expected to rise at a CAGR of 2.90% during the same period owing to its utilization in non-traditional end-use industries.
The report divides the calcium carbonate market into the North America, Europe, Latin America, Asia Pacific, and Rest of the World regional segments. By volume, Asia Pacific is currently the largest market for calcium carbonate and will be the second fastest growing regional market till 2019. The emerging economies of China and India are exhibiting increasing demand for calcium carbonate, which will lead the APAC regional segment to develop at a CAGR of 4.40% from 2013 to 2019, adds the report.
In 2012, North America held 20.7% of the global market for calcium carbonate, while the Europe market amounted to 20.5 mn tons by volume the same year. Owing to the increasing use of calcium carbonate in pharmaceuticals and other non-traditional end-use industries, the Europe market for calcium carbonate is set to pick up by 2019. However, it is the Rest of the World region that will be the fastest growing market for calcium carbonate and is expected to develop at a CAGR of 4.50% during the forecast period.Some of the major companies operating in the global calcium carbonate market are Minerals Technologies Inc., Excalibar Minerals, Okutama Kogyo Co. Ltd., Solvay S.A., Omya AG, and Huber Engineered Materials.
The calcium carbonate market is segmented as follows:
Calcium Carbonate Market: Product Segment Analysis
- Ground Calcium Carbonate (GCC)
- Precipitated Calcium Carbonate (PCC)
Calcium Carbonate Market: Application Segment Analysis
- Building & Construction
- Others (Pharmaceutical, agriculture, etc)
Calcium Carbonate Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Rest of the World (RoW)
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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