The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Calcite Market.
It was estimated prior to this unanticipated outbreak that the Calcite Market was expected to grow at a CAGR of 5.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Calcite classified under the group of carbonates that are isomorphs of one another. Limestone, chalk, and marble are the most common forms of calcite found in nature, formed by various processes such as sedimentation of fossils. Calcite can be obtained by two methods, Ground Calcium Carbonate (GCC) and Precipitation Calcium Carbonate (PCC). It is mainly used as a filler in applications such as paper, paints & coatings, plastics, adhesives, and sealants.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the process type, the market is segmented as ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC). The GCC segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The huge demand for GCC as a filler material in the paper application, owing to its cost effectiveness, is a factor contributing towards the growth of the segment.
Based on the application type, the calcite market is segmented as paper, paints & coatings, construction, plastics, adhesives & sealants, and others. Other applications include pharmaceuticals, agriculture, and glass. The paper segment dominates the market, driven by its favorable properties to enhance the printability, whiteness, and brightness & opacity of the paper. The plastics segment is expected to grow at the highest rate during the forecast period.
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing calcite market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the region’s market is attributed to the growth in calcite manufacturing and high demand from the plastics and paper industries in China, Japan, and India, among others. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key Players:
Some of the major calcite manufacturers are-
- Imerys S.A.
- Omya AG
- Minerals Technologies Inc.
- Huber Engineered Materials
- Gulshan Polyols Ltd.
- Nordkalk Corporation
- Wolkem India Ltd.
- Sibelco