BANGALORE, India, Sept. 10, 2020
BANGALORE, India, Sept. 10, 2020 /PRNewswire/ -- Major factors driving the Calcium Carbonate Market size include growing construction activities and demand from industries, such as paper and pulp, plastic, and construction.
The report provides an in-depth analysis of the global Calcium Carbonate Market size and the current trends and future estimations to elucidate the imminent investment pockets.
The Global Calcium Carbonate Market size is expected to grow from USD 20,686.77 Million in 2019 to USD 28,984.82 Million by 2025 at a CAGR of 5.78% during the forecast period.
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TRENDS INFLUENCING THE CALCIUM CARBONATE MARKET SIZE
Calcium carbonate is commonly used as a filler material in the process of alkaline papermaking. Rising demand for brighter and bulkier paper is the main factor behind the paper industry's preference for calcium carbonate. This increasing use in the paper industry is driving the calcium carbonate market size.
The plastics industry is also rising at a rapid pace. The high demand for plastics in the packaging, automotive, manufacturing, electrical & electronics, and other industries is expected to drive the Calcium Carbonate Market size. The use of plastics for multiple purposes in these sectors, such as lowering costs in the packaging and construction industries, reducing weight in automobile parts, and as an insulator in electronic devices, drives demand for calcium carbonate.
The growing demand for nano-calcium carbonate in plastics, rubber, and paints is expected to provide further fuel to the Calcium Carbonate Market size. The product is an ultra-fine precipitated form of calcium carbonate used as an additive to change its end-product performance characteristics.
The increasing demand for polyvinyl chloride in concrete, pipes, flooring, and furniture is likely to increase the Calcium Carbonate Market size. In addition, calcium carbonate increases the properties of gap filling and viscosity and prevents the shrinking when used in adhesives and sealants, which drives its demand in the adhesive industry.
Environmental hazards associated with calcareous mining, such as deforestation, vegetation loss, damage to natural aquifers, and others, may hinder market development.
CALCIUM CARBONATE MARKET SHARE ANALYSIS
Asia-Pacific is expected to hold the largest Calcium Carbonate market share, with China being the leading consumer in terms of demand for calcium carbonate. The growing demand for paper packaging and tissue products in the Asia-Pacific region is expected to drive the size of the calcium carbonate.
Owing to the high production and sales of paper and pulp products in Canada, North America is the second-largest region on the global calcium carbonate market.
Calcium Carbonate Market by Region
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CALCIUM CARBONATE MARKET SEGMENTATION
Based on Type, the Calcium Carbonate Market studied across
Based on Industry, the Calcium Carbonate Market studied across
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The global Nano Calcium Carbonate market size is projected to reach USD 4320 Million by 2026, from USD 2859.3 Million in 2020, at a CAGR of 7.1% during 2021-2026.
In 2019, the global Synthetic Calcium Carbonate market size was USD 14100 Million and it is expected to reach USD 16560 Million by the end of 2026, with a CAGR of 2.3% during 2021-2026.
Calcium carbonate is usually marketed under two forms, Ground Calcium Carbonate (GCC) and Precipitated Calcium Carbonate (PCC). Between the two forms, GCC is the most widely used one and contributed 72.87% share in 2017 globally.
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