Global Calcium Carbonate market is estimated to grow at 6.5% CAGR, Calcium Carbonate market by Type, Application, Product. Calcium Carbonate Industry
Market Overview
Calcium carbonate is made up of
an open nylon filament web to which abrasive grain is bonded. It exhibits many
advantageous properties such as greater resilience, comfort, resistance to
water, and non-rusting anility, which driving its use in portable grinding,
sanding and finishing operations. Abrasives are used extensively in a wide
variety of industrial, domestic, and technological applications. Common uses
for abrasives include grinding, polishing, buffing, honing, cutting, drilling,
sharpening, smoothening, lapping, and sanding of the substrate. Calcium
carbonate is primarily used for cleaning and finishing the metal. It plays a
major role to give surface finish and shape to the required material. The
global abrasives market is growing at higher CAGR of nearly 6.5% during the
review period, which is expected to fuel demand for the product. The global
transportation industry is the largest consumer of calcium carbonate, as of
2016 and is estimated grow at the highest CAGR on account of ever-increasing
trade around the world during the forecast period. Increasing demand for an
electronic device with an advent of digitization and handset penetration. In
addition to this, electrical industry is fetching significant share of overall
demand for the product to help push the growth of the market forward.
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Competitive Analysis
·
Imerys Pigments
·
Parchem Fine & Specialty Chemicals
·
Omya
·
GLC Minerals, LLC
·
Midwest Calcium Carbonates, LLC
·
AGSCO Corp
·
J.M. Huber Corporation
·
Cerne Calcium Company
·
Kerford Limestone Company
·
The National Lime & Stone Company
Market Segmentation
The global calcium
carbonate market is segmented on the basis of type, application, and
region.
On the basis of the type, the
market is divided into natural ground calcium carbonate, precipitated calcium carbonate,
and activated calcium carbonate. The natural ground calcium carbonate is easily
found terrestrially a principal constituent of the limestone, marble rock, and
chalk, while both precipitated and activated calcium carbonate are industrially
produced. Among them, the precipitated calcium carbonate segment is projected
to grow at a healthy growth rate. This is attributed to increasing demand for
this product in the paper industry on account of the features it confers to the
paper such as enhanced gloss and brightness, and the better printing surface.
Based on the applications, the
global calcium carbonate market is categorized into building &
construction, paper, healthcare, paints & coatings, plastics, adhesives
& sealants, and others. Building & construction is the largest consumer
of calcium carbonate, wherein the product is used as building material, cement
ingredient, and precursor in manufacturing builders lime. The major factors
responsible for the growth of this segment are the rapid urbanization and
growing industrialization of emerging economies, increasing government spending
on infrastructural development of the countries around the globe. Moreover,
construction activities are constantly heading north on account of increasing
need for better infrastructure and shelter to the rapidly growing population,
which may witness growth in demand for calcium carbonate during the review
period.
Regional Analysis
Asia Pacific, Europe, North
America, Europe, the Middle East & Africa, and Latin America are the five
key regions in which the global calcium carbonate market is divided. Among
these regions, the Asia Pacific market is growing at the highest CAGR in the
global calcium carbonate market. The region accounts for over 40% share of the
overall calcium carbonate market. India, South Korea, and China are the leading
markets in this region due to growing demand for the product by emerging
end-use industries in this region such as building & construction, paper,
and paints & coatings. North America is the second largest region, in terms
of market size, with the U.S. holding a major share of the regional market. The
growth of the market in this region is attributed to the growing paper industry
and reconstruction activities in this region, along with flourishing consumer
goods industry. Following North America, Europe is a significant region, in the
global calcium carbonate market. Germany, the U.K., France, and Italy are the
contributors to the regional market. The Middle East & Africa is projected
to grow at a considerable CAGR owing to the increasing construction activities
and forthcoming major sports events in this region during the review period.
Lastly, the Latin American market is anticipated to gain momentum to join hands
with leading regions in the global calcium carbonate market.
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