Calcium Carbonate Market – Market Overview
Calcium Carbonate is a compound bearing the formula CaCo3. It is mainly found in earth crust as minerals calcite and aragonite and are is a major component of pearls, snails and eggs. The major use of calcium carbonate is in the building & construction industry, building of roads and is also considered to be a basic ingredient in the cement industry. Calcium Carbonate also finds its application in purification of iron and is also used in the oil and gas industry. Calcium Carbonate are segmented on the basis of their application and region. On the basis of application, the market is segmented into paper, paints & coatings, plastics, adhesives, sealants and others. On the basis of region, the global market is segmented into Asia Pacific, North America, Europe, Latin America, Middle East and Africa. Calcium Carbonate is extensively used as industrial filler in the paper and plastic industry. It can also be used to adjust pH levels in water through a process of neutralization.
According to the analysis of MRFR, the major market forces and trends driving growth of the Global Calcium Carbonate Market includes growth end use industries. Moreover, the increasing population in the developing countries across the globe has augmented the need for water treatment especially in India and china which in turn is anticipated to fuelling the growth of the Global Calcium Carbonate Market during the forecast period.
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Calcium Carbonate Market- Competitive Landscape
The Global Calcium Carbonate Market is a highly lucrative market driven by flourishing adoption of calcium carbonate in paints and coatings, plastics, paper industry, and water treatment among others. Imerys Pigments Incorporation (U.S), GLC Minerals, LLC (U.S), Parchem Fine & Specialty Chemicals (U.S), Indiana Mineral Aggregates Association (U.S.) among others are some of the major players operating in this market. Most of these market participants are adopting the expansion, product launch, and merger and acquisition tactics to strengthen their production capacities and market position. Taking account of these trends the Global Calcium Carbonate Market is projected to witness considerable competition over the forecast period of 2017-2023.
Asia pacific is expected to be largest and the fastest growing region during the forecast years. The growing industrialization in the developing countries is the major reason contributing to the growth of the market in these region. Moreover, the developing paper and plastic industry in the region is expected further fuel the market growth. Moreover, the growing investment in the construction of public and private infrastructure in the region has augmented the Paints and Coatings Industry in turn propelling the growth of Calcium Carbonate Market in the region.
Industry/ Innovation/ Related News:
8th December, 2017- Imerys announced the completion of the acquisition of Micron-Ita Indústria e Comércio de Minerais Ltda, a Brazil based manufacturer of calcium carbonates for polymer applications. The acquisition is expected to add to their market dominance thereby opening up new avenues for the development in Brazil.
28th September 2017– The Germany Company Hosokawa Alpine and Atritor an U.K company has entered into a partnership agreement for the promotion of their processing equipment for calcium carbonate. The companies will synergize their technologies with a motive to offer excellent calcium carbonate products in the market.
14th December 2015- Huber carbonates LLC announced the capacity expansion of its calcium carbonate operation in Marble Hill, Gerogia. This expansion is in line with their strategy to expand their consumer base and further strengthen their position in the market.
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