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Key Opportunities and Challenges in Calcite Market

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Key Opportunities and Challenges in Calcite Market

May 27
22:17 2020
Key Opportunities and Challenges in Calcite Market

Browse 105 Market Data Tables and 36 Figures spread through 145 Pages and in-depth TOC on “Calcite Market”
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)

In terms of value, the global calcite market size is 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.

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The calcite market based on type has been segmented into ground calcium carbonate and precipitated calcium carbonate. In terms of value & volume, ground calcium carbonate accounted for the largest share of the calcite market in 2018 and is also projected to grow at the highest CAGR during the forecast period. Demand is driven by its wide usage as a filler in various applications such as paper and plastics.

The global calcite market is segregated based on application into paper, paints & coatings, construction, plastics, adhesives & sealants, and others. In terms of value & volume, the paper application accounted for the largest share of the market in 2018. This growth is attributed to its ability to enhance the printability, whiteness, and brightness & opacity of the paper. The plastics application is projected to grow at the highest CAGR during the forecast period.

Based on region, the calcite market is segregated into Asia Pacific, the Middle East & Africa, North America, Europe, and South America. Among these, the Asia Pacific accounted for the largest share in 2018 and is also projected to grow at the highest CAGR during the forecast period. This growth is attributed to the expansion in calcite manufacturing and high demand from the plastics and paper industries in China, Japan, and India, among others. Moreover, cheap labor, easy availability of raw material, and other factors are expected to fuel the growth of the market in the region during the forecast period.

Recent Developments 

  • 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 June 2019, Minerals Technologies Inc. installed and deployed a new ENVIROFIL PCC technology, a new, innovative recycling technology that allows papermakers to recover mineral pigments from the deinking residue by converting these raw materials, at UPM-Kymmene Corporation’s paper mill in Schongau, Germany. This process has proven to substantially improve waste paper yield, mitigating solid waste disposal costs, and reducing the environmental impact of the deinking process.

 

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.  

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