Calcium Carbonate Market is Expected to Grow at a CAGR of 6.20% During the Period 2016-2020

Posted June 16, 2016 by bigmarket

global calcium carbonate market include IMERYS, Minerals Technologies, Omya, Okutama Kogyo, and Schaefer Kalk.

Market research analysts expect the global calcium carbonate market to grow at a CAGR of over 6% between 2016 and 2020. The growing prominence of calcium carbonate as an industrial filler owing to its particle size, brightness (whiteness), and chemical purity is the primary driving force for market growth. Finely ground and crushed calcium carbonate is used as a filler in plastics, paints, and paper. The calcium carbonate consumption in industrialized countries often surpasses its use as a dimension stone. In 2015, APAC dominated the global calcium carbonate market by accounting for around 53% of the overall market share. Increasing construction activities, especially in India and China, and the rise in demand for calcium carbonate from the paper industry are expected to boost growth in the calcium carbonate market in APAC during the forecast period.

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The new market research report presents a breakdown and analysis of calcium carbonate segments based on end-user.

“The substitution of kaolin with calcium carbonate in the paper industry is an ongoing trend in the calcium carbonate market globally. There is a significant increase in the use of alternatives such as precipitated calcium carbonate (PCC), ground calcium carbonate (GCC), silicate, talc, titanium dioxide, and alumina trihydrate to replace kaolin. For example, precipitated silicate is gaining traction in the market in certain types of ink jet paper and newsprint, particularly in Japan and South Korea. PCC is considered the most economical mineral for replacing costlier additives such as wood pulp and kaolin in manufacturing superior quality paperboard and paper,” says according to the report.

In 2015, the paper segment accounted for 39% of the market share to dominate the global calcium carbonate market. Calcium carbonate enhances optical properties and print characteristics of paper products, advances paper machine productivity, and decreases the overall production cost as it is a cost-effective substitute for pulp fiber and optical brightening methods. Frequently improving quality standards is likely to augment the demand for calcium carbonate in the paper industry, thereby boosting growth in this segment.

The key vendors in the global calcium carbonate market include IMERYS, Minerals Technologies, Omya, Okutama Kogyo, and Schaefer Kalk. The production of GCC is widespread in the market where China, the US, Europe, and Japan are the largest producers while the production of PCC is restricted to a few manufacturers. The market has a limited scope of competition because of the broad applications and an expanding end-user base, providing growth opportunities. The key players hold a strong position in the market which has restricted the entry of new players.

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Issued By Big Market Research
Country United States
Categories Industry , Research , Science
Tags Calcium Carbonate Market , Calcium Carbonate Market demand , Calcium Carbonate Market forecast , Calcium Carbonate Market Analysis , Calcium Carbonate Market Growth
Last Updated June 16, 2016