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Calcium Carbonate: A Global Strategic Business Report

Global calcium carbonate market: 94 million tons sold by 2018


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2014-02-21 12:55:03 - Calcium Carbonate: A Global Strategic Business Report - a new market research report on companiesandmarkets.com

The global Calcium Carbonate market is projected to reach 94 million tons by 2018, driven by the rising consumption in paper and plastic industries and the growing demand for PCC and GCC in Asia-Pacific, Latin America, and the Middle East.

Calcium Carbonate (CaCO3) is an inorganic mineral that finds extensive use as functional and commercial filler in plastic, paper, rubber, coatings, light chemicals, and architectural materials, among others. Along with talc and kaolin, the mineral is extensively used in metalloid mineral applications. Dynamics of the global calcium carbonate market are closely linked to the trends in the paper, automotive, plastics, and construction industries, which are significantly affected by cyclical fluctuations of the global economy. With major end markets affected by

 

 

uncertain economic conditions, consumption of calcium carbonate declined during the recession years. In particular, the demand for precipitated calcium carbonate (PCC) fell drastically owing to the steep decline in paper output in the US and Europe. The market is expected to make steady recovery and post growth in the long run, driven led by the material´s increasing use in paper industry, and the continuous shift of paper mills from acid-based to alkaline-based process technology. Growth would also be driven by the rising demand for nano calcium carbonate and precipitated calcium carbonate.

Asia-Pacific represents the largest and the fastest growing market for calcium carbonate, globally, with rapid progress of plastics and paper industries expected to drive future growth. Rise in paper production, establishment of new paper mills and increase in mineral loadings of paper to cut down pulp usage are expected to drive demand for both GCC and PCC. China, in particular, is expected to remain a major contributor to growth, owing to the material´s rising use in paper and paperboard manufacturing sectors. On the other hand, calcium carbonate market in developed regions is expected to grow at a relatively moderate pace.

Ground Calcium Carbonate (GCC) represents the largest and the fastest growing product segment in the global calcium carbonate market. While the demand for GCC from Asian countries is expected to be robust, North America and Europe are expected to register lackluster growth. Paper and plastics are the major end-use markets for GCC. In the paper making sector, GCC continues to generate demand for paper coating applications and as fillers. Paper manufactured using GCC leads to a high quality product and does not cause wastage. GCC is also commonly used as filler in the plastics industry. On the other hand, growth in the Precipitated Calcium Carbonate (PCC) market would be driven by the increasing number of paper mills and rising demand from plastics sector. Asia-Pacific offers huge opportunities for growth with China´s surging domestic demand for paints and plastics in the construction industry. Increasing consumption of PCC in paper and rubber industries is also expected to offer favorable opportunities in China. In North America and Europe, establishment of satellite plants augurs well for the PCC market. Global Industry Analysts ©

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