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Calcite Market to Witness Unprecedented Growth in Coming Years| MarketsandMarkets™ Report

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Calcite Market to Witness Unprecedented Growth in Coming Years| MarketsandMarkets™ Report

February 22
22:35 2023
Calcite Market to Witness Unprecedented Growth in Coming Years| MarketsandMarkets™ Report
Browse 105 Market Data Tables and 36 Figures spread through 145 Pages and in-depth TOC on “Calcite Market”
Calcite Market by Type (GCC, PCC), Application (Paper, Paints & Coatings, Construction, Plastics, Adhesives & Sealants), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America)

Calcium carbonate makes up the mineral calcite (CaCO3). It is the most prevalent mineral in the crust of the Earth and can occur in a range of geological environments. Calcite is used extensively in a wide range of industries, including building, farming, pharmaceuticals, and food. Moreover, it serves as a filler in paper, rubber, paint, and plastics.

The range and development of calcite are incredibly diverse. It is a multipurpose mineral used in many sectors, including industrial and agriculture. In addition, it is used to make construction materials, fertilizers, and industrial chemicals. Calcite has become more popular as a result of the rising demand for it in numerous sectors. Also, the range of Calcite’s applications expands as the material’s demand rises.

In terms of value, the global calcite market size is estimated to be USD 10.1 billion in 2019 and is projected to reach USD 13.0 billion by 2024, growing at a CAGR of 5.2% from 2019 to 2024. Increasing demand from paper and plastics applications for calcite, coupled with easy availability and cost-effectiveness, are expected to drive the growth of the calcite market during the forecast period.  

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Ground calcium carbonate type is projected to lead the calcite market during the forecast period

One of the most often utilised minerals in the world is calcium carbonate. It is utilised in a wide range of industries as a filler, extender, and pigment, among other things. The production of paper, plastics, rubber, and coatings also uses it. The most popular type of calcium carbonate on the market, ground calcium carbonate (GCC), is made by finely powdering marble or limestone. Because of the variety of uses for calcite in the paper and construction sectors, GCC is anticipated to dominate the market over the forecast period. Moreover, it serves as a filler in the manufacturing of adhesives, paints, and plastics. Additionally, GCC offers excellent opacity, brightness, and whiteness, which makes it an ideal choice for certain applications.

The paper application is projected to be the major consumer of calcite during the forecast period

Calcite is a mineral that is used in many industries, including paper manufacturing. Calcite demand is expected to rise significantly during the forecast period due to rising demand for paper applications such as books, magazines, newspapers, and other printed materials. Calcite is used in the manufacture of plastics, paints, and rubber, in addition to paper production. It is also used as a filler in many products and as a soil conditioner in agricultural applications. As a result, calcite will be in high demand during the forecast period.

Asia Pacific is projected to be the largest consumer of calcite during the forecast period

During the forecast period, the Asia Pacific region is expected to be the largest consumer of calcite. This is primarily due to increased demand from the manufacturing sector, particularly in China, India, and other Southeast Asian countries. Calcite production and use in various industrial applications such as fertilisers, plastics, paints, and coatings has increased in the region. The growing demand for calcite in the region is expected to be driven by the construction sector, particularly in countries such as India, China, and other Southeast Asian countries. Furthermore, the rapid growth of the region’s metallurgical and ceramic industries is expected to fuel demand for calcite in the Asia Pacific region.

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Major companies operating in the calcite industry include Imerys S.A. (France), Omya AG (Switzerland), Minerals Technologies Inc. (US), Huber Engineered Materials (US), and Gulshan Polyols Ltd. (India). These companies account for a major share of the market.

Imerys S.A. (France) is one of the leading players in the calcite market and has been adopting inorganic & organic strategies to sustain its market position. For instance, in November 2019, Imerys S.A. acquired some assets of the EDK company, a leading producer of ground calcium carbonates (GCC) in Brazil. These assets include three operating plants and 100 employees, which generated annual revenues of USD 15.5 million in 2018. In February 2018, Imerys S.A. acquired the carbonate business of Vimal Microns (India), a major producer of ground calcium carbonate for polymer and coating applications.

Omya AG (Switzerland) is another major company in the calcite market. It has been adopting organic and inorganic strategies to sustain its position in the market. For instance, in November 2018, the company established a research center for crop cultivation at Oftringen. It undertakes studies through the systematic analyses of natural calcium carbonate in agriculture. Insights gained at the center have proven valuable for the development of new products and innovative technologies for agriculture. In November 2018, Omya AG introduced a new functionalized calcium carbonate for use in biopolymers under the brand name, Omya Smartfill 55– OM. The new calcium carbonate is used particularly as filler material for polylactic acid (PLA) as this does not demonstrate almost any hydrolysis when processed at filler loads of up to 40%

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