ID: MRFR/CnM/5726-HCR | February 2021 | Region: Global | 180 pages
Calcite Market Synopsis
Calcite is a natural mineral with self–limiting properties. It is known with a chemical formula CaCO3. It is a sustainable eco–friendly mineral with the effect of very low carbon footprint. It is safe to use in multiple of applications due to non–corrosive and non–hazardous benefits. The market is primarily based on two different types, Precipitated Calcium Carbonate (PCC) and Ground Calcium Carbonate (GCC). These types are found to have major source of applications in animal feeds, adhesives and sealants, glass and ceramics, cement, plastics and rubber, paints & coatings, pulp and paper, pharmaceutical, and agriculture among others. The calcite product in the market is available in form of powder, granules, and slurry among others.
PCC is considered to have dominating market share in 2017, due to high purity and non-toxic properties which found to have high demand in food additives, pharmaceutical, and paper products. The market is driving by the replacement of conventional titanium dioxide (TiO2) by calcite due to cost advantage and mechanical property benefits for plastic production. The increasing demand of the product in agriculture and paper industry is expected to drive the market and growing use of product in construction industry as a filler or additive provides remarkable growth during the forecast period. The market would face economic slowdown over the next five year in mining industry, which directly impacts the supply and demand of a product in end use market. However, the growing demand of a product in developing countries of Asia-Pacific expected to overcome these restrains. The market has opportunity to process natural calcite rock into form of nano size to increase the uses among end–users.
The key players operating in the global calcite market are adopting various strategies such as product launches, expansions, mergers & acquisitions, joint ventures, investments, agreement, and R&D to gain significant market shares.
Global Calcite Market Share, by Application, 2017 (%)
Source: MRFR Analysis
Regional 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
Market Segmentation
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
June 2021- In groundbreaking research, researchers at Tel Aviv University built innovative nanotechnology, which converts a transparent calcite nanoparticle into a sparkling gold-like particle. Basically, the scientists turned the transparent particle into visible particles despite the tiny dimensions. As per the research, the latest material obtained can aid as a platform for innovative cancer treatments.
July 2021- A Memorandum of Understanding (MoU) was inked at the Ministry of Environment to build a factory for value-added products using the Balangoda Kalthota Calcite deposit, which is the purest calcite deposit in the world.
The Environment Ministry Media Unit said that the MoU was inked by Minister of Environment Mahinda Amaraweera on behalf of his ministry and GSMB Technical Services, a state-owned company, University of Peradeniya, and the Postgraduate Institute of Science. Minister Amaraweera said that the mined parts of the Balangoda Kalthota Calcite have over 2,000 metric tons of calcite. The stock would first be utilized to operate on value-added products. He further added that millions of rupees of foreign funding are being spent per year to import materials made from calcite into the country. The main motto behind the factory setup is to develop a manufacturing plant as soon as possible with this deposit that is one of the best calcite deposits in the world.
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: Significant Value |
CAGR | Substantial Value |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2019Â &Â 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 |
Frequently Asked Questions (FAQ) :
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.