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.
Get Sample Report@ https://www.marketresearchfuture.com/sample_request/5383
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.
Competitive Analysis
The key players in the global Calcium Carbonate Market are
Imerys Pigments (U.S.), Parchem Fine & Specialty Chemicals (U.S.), Omya
(Switzerland), GLC Minerals, LLC (U.S.), Midwest Calcium Carbonates, LLC
(U.S.), AGSCO Corp (U.S.), J.M. Huber Corporation (U.S.), Cerne Calcium Company
(U.S.), Kerford Limestone Company (U.S.), and The National Lime & Stone
Company (U.S.).
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.
Access Complete Report @ https://www.marketresearchfuture.com/reports/calcium-carbonate-market-5383
No comments:
Post a Comment