The report “Calcite Market by Type (GCC, PCC), Application (Paper, Paints & Coatings, Construction, Plastics, Adhesives & Sealants), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Global Forecast to 2024″ In terms of value, the global calcite market size was estimated to be USD 10.1 billion in 2019 and projected to reach USD 13.0 billion by 2024, growing at a CAGR of 5.2% from 2019 to 2024. Increasing demand from the paper and plastics applications for calcite, coupled with easy availability and cost-effectiveness, are expected to drive the growth of the market during the forecast period.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=50319659
Ground calcium carbonate type is projected to lead the calcite market during the forecast period
The calcite market has been divided into two types: ground calcium carbonate and precipitated calcium carbonate. Ground calcium carbonate accounted for the greatest proportion of the calcite market in terms of value and volume in 2018, and it is also expected to grow at the fastest CAGR during the forecast period. Its widespread use as a filler in numerous applications such as paper and plastics drives demand.
The paper application is projected to be the major consumer of calcite during the forecast period
The global calcite market is classified into paper, paints and coatings, construction, plastics, adhesives and sealants, and others. In terms of value and volume, the paper application held the biggest market share in 2018. This expansion can be linked to its capacity to improve the printability, whiteness, brightness, and opacity of the paper. During the projection period, the plastics application is expected to develop at the fastest CAGR.
Asia Pacific is projected to be the largest consumer of calcite during the forecast period
The calcite market is divided into five regions: Asia Pacific, the Middle East and Africa, North America, Europe, and South America. Asia Pacific accounted for the largest share in 2018 and is expected to grow at the fastest CAGR during the forecast period, owing to increased calcite manufacturing and high demand from the plastics and paper industries in China, Japan, and India, among others.Key players in the calcite market, namely, Imerys S.A. (France), Omya AG (Switzerland), Minerals Technologies Inc. (US), Huber Engineered Materials (US), Gulshan Polyols Ltd. (India), and 20 others are considered for the study.
Get 5% Discount Now: https://www.marketsandmarkets.com/discountreports.asp?id=50319659
Imerys S.A. (France) is one of the leading players in the calcite market and has been adopting inorganic & organic strategies to sustain its market position. For instance, in November 2019, Imerys S.A. acquired some assets of the EDK company, a leading producer of ground calcium carbonates (GCC) in Brazil. These assets include three operating plants and 100 employees, which generated annual revenues of USD 15.5 million in 2018. In February 2018, Imerys S.A. acquired the carbonate business of Vimal Microns (India), a major producer of ground calcium carbonate for polymer and coating applications.
Omya AG (Switzerland) is another major company in the calcite market. It has been adopting organic and inorganic strategies to sustain its position in the market. For instance, in November 2018, the company established a research center for crop cultivation at Oftringen. It undertakes studies through the systematic analyses of natural calcium carbonate in agriculture. Insights gained at the center have proven valuable for the development of new products and innovative technologies for agriculture. In November 2018, Omya AG introduced a new functionalized calcium carbonate for use in biopolymers under the brand name, Omya Smartfill 55– OM. The new calcium carbonate is used particularly as filler material for polylactic acid (PLA) as this does not demonstrate almost any hydrolysis when processed at filler loads of up to 40%.
Read Our Trending Press Release Below:
Activated Carbon Filters Market – Global Forecast to 2025
Polyurethane Additives Market – Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/calcite-market-50319659.html