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.
Browse full
research report on Calcium Carbonate Market: 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.
Browse more
reports of this category by Grand View Research: 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
- U.S
- Europe
- Germany
- Italy
- France
- Asia
Pacific
- China
- Japan
- India
- Middle
East & Africa
- Central
& South America
Access
Press Release By Grand View Research: 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.
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