Calcite Market is projected to be worth USD 13.8 Billion by 2027, registering a CAGR of 5.2% during the forecast period (2020 - 2027).
Calcite Market Overview Calcite Market is projected to be worth USD 13.8 Billion by 2027, registering a CAGR of 5.2% during the forecast period (2020 - 2027). Calcite is a self–a limiting mineral found in nature. CaCO3 is the chemical formula for it. It is a long-lasting, environmentally friendly mineral with a very low carbon impact. Because of its non–corrosive and non–hazardous properties, it is suitable for a wide range of applications. Precipitated Calcium Carbonate (PCC) and Ground Calcium Carbonate (GCC) account for the majority of the market (GCC). Animal feeds, adhesives and sealants, glass and ceramics, cement, polymers and rubber, paints and coatings, pulp and paper, pharmaceuticals, and agriculture are among the industries that use these types. Calcite is available in a variety of forms on the market, including powder, granules, and slurry. Due to its high purity and non-toxic qualities, PCC is regarded to have a dominant market share in food additives, pharmaceuticals, and paper products. The market is being driven by the substitution of calcite for conventional titanium dioxide (TiO2) in plastic manufacture due to cost and mechanical property advantages. The market is likely to be driven by rising demand for the product in agriculture and the paper sector, as well as the expanding usage of the product as a filler or additive in the construction industry, which will provide significant growth throughout the forecast period. Over the next five years, the mining industry will experience an economic downturn, which will have a direct impact on the supply and demand of a product in the end-use market.
Global Calcite Market Share, by Application, 2017 (%)
Source: MRFR Analysis
The global Calcite market has been studied with respect to five key regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest share of this market in 2017 and is projected to be the dominant regional market during the forecast period. This is mainly due to the increasing demand for Calcite from polymer, cosntruction, medical, agriculture, and rubber industry. Chinese and Indian are the major consumers of calcite due to growing usage in construction industry for cement, paints & coating, adhesive and sealants applications. India demand is continously rising for the product from last deacde and expected to grow with highest CAGR during the forecast period.
North America and Europe demand for pure calcite is developing with a high range of filler additives used in food and pharmaceutical sector. Omaya, the Switzerland based manufacturer focussed on developing a product by increasing supply chain efficiency and high productivity with the digitization of operatuional activities.
List of Key Players in the Calcite Market
The global Calcite market has been segmented on the basis of type, form, application, and region.
Based on Type, the global calcite market has been divided into Precipitated Calcium Carbonate (PCC) and Ground Calcium Carbonate (GCC)
By Form, the global calcite market has been categorized as powder, granules, and slurry among others.
On the basis of application, the global calcite market has been categorized as animal feeds, adhesives and sealants, glass and ceramics, cement, plastics and rubber, paints & coatings, pulp and paper, pharmaceutical, agriculture, and others.Recent Development News
|Market Size||2030: Significant Value|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Form, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Imerys (France), Huber Engineered Materials (US), Minerals Technologies Inc. (US), Omya AG (Switzerland), ASCOM Group (Switzerland), Nordkalk Corporation (Finland), Esen Mikronize Maden (ISTANBUL), CITIC Calcium Industry Co., Ltd. (China), Columbia River Carbonates (US), Jay Minerals (India), GP Group (Thailand), Longcliffe (UK), Fitz Chem LLC (US), and NITTO FUNKA KOGYO K.K. (Japan)|
|Key Market Opportunities||Growing demand of a product in developing countries of Asia-Pacific expected to overcome these restrains.|
|Key Market Drivers||Increasing demand of the product in agriculture and paper industry is expected to drive the market|
The outlook of the global Calcite market looks very promising.
Calcite is a natural mineral that is extensively used in applications including animal feeds, adhesives & sealants, glass & ceramics, and cement.
The Paper and pulp segment by applications holds the largest share in the global Calcite market.
Asia Pacific holds the largest share in the global Calcite market, followed by North America and Europe, respectively.
Huber Engineered Materials (US), Imerys (France), Minerals Technologies Inc. (US), ASCOM Group (Switzerland), Omya AG (Switzerland), Nordkalk Corporation (Finland), CITIC Calcium Industry Co., Ltd. (China), Esen Mikronize Maden (İSTANBUL), Columbia River Carbonates (US), GP Group (Thailand), Jay Minerals (India), Longcliffe (UK), NITTO FUNKA KOGYO K.K. (Japan), and Fitz Chem LLC (US), are some of the major players operating in the Calcite market.