Calcium Carbonate Market to hit US$25.01 bn by 2019 | TMR
The
global calcium carbonate market is fairly fragmented due to the
availability of lucrative opportunities and is likely to support a large
number of market players in the coming years. The leading players in
the global calcium carbonate market include Maruo Calcium Co. Ltd.,
Shiraishi Kogyo Kaisha Ltd., Omya AG, Huber Engineered Materials, Great
Lakes Calcium Corp., Minerals Technologies Inc., Solvay SA, Mississippi
Lime Co., Excalibar Minerals, Schaefer Kalk GmbH & Co. KG, and
Imerys. While the global calcium carbonate market is expanding steadily,
dominance of the existing market leaders could restrict the entry of
new players into the market in the coming years.
According
to Transparency Market Research (TMR), the global calcium carbonate
market is expected to be valued at more than US$25 bn by the end of
2019.
This
102 page report gives readers a comprehensive overview of the Calcium
Carbonate Market. Browse through 19 data tables and 26 figures to unlock
the hidden opportunities in this market.
Ground Calcium Carbonate Likely to Dominate Global Calcium Carbonate Market
The
global calcium carbonate is bifurcated into ground and precipitated
calcium carbonate on the basis of product type. Ground calcium carbonate
is likely to remain the leading contributor to the global calcium
carbonate market in the coming years due to its widespread production
across the competitive chain of the market. The production of
precipitated calcium carbonate is limited to certain companies and is
likely to trail the ground calcium carbonate segment in the global
market in the coming years. However, the better physical characteristics
of precipitated calcium carbonate are likely to ensure a steady rise in
its demand in the coming years.
Regionally,
the global calcium carbonate market is led by Asia Pacific, which is
likely to remain the leading contributor in the coming years due to the
steady availability of raw materials in the region and the rapid growth
of several end use applications in the region’s developing economies.
Asia Pacific is expected to take up a majority share in the global
calcium carbonate market by the end of 2019. Developed economies in
North America and Europe are not likely to be great movers in the global
calcium carbonate market in the coming years, with the two regional
markets likely to exhibit a negligible decline in market share over the
forecast period. However, they are still likely to retain significant
shares in the global calcium carbonate market due to the steady growth
of various end use applications.
Booming Construction Industry Likely to Remain Influential for Global Calcium Carbonate Market
The
prime driver for the global calcium carbonate is the rising demand from
the construction industry, where calcium carbonate is a major
ingredient of cement. The construction industry boom in Southeast Asia,
particularly in rising economies such as India and China, is thus likely
to remain a key contributor to the global calcium carbonate market in
the coming years. The global calcium carbonate market also derives an
important share of its revenue from the paints and coatings industry,
where calcium carbonate is used as an extender. The rising construction
industry is thus likely to a dual impact on the global calcium carbonate
market in the coming years.
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The
growth of the education industry in Asia Pacific and several other
emerging regions is also likely to remain a key driver for the global
calcium carbonate market in the coming years, as it has driven the
demand for books, notebooks, and other stationery material. Calcium
carbonate is used as a brightener in paper, making it a key beneficiary
of the rising demand for paper. The paper industry accounted for more
than 40 mn tons in 2016 and is expected to rise to close to 46 mn tons
over the forecast period.
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