Global Calcium Carbonate Market to Reach $25.01 Billion by 2019
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Growth in paper and plastic industries is expected to boost the demand for calcium carbonate over the next six years. Calcium carbonate consumption has been increasing in these major end-use industries due to technologically developed products, enhanced physical properties, and regulatory compliance for various applications. Additionally, rising demand for cement, adhesives, and sealants from building and construction industries is in turn expected to fuel demand for calcium carbonate.
Asia Pacific is riding on the rapid industrial growth in countries such as China, India, etc., and is anticipated to be the second fastest growing market over the forecast period of the next six years. Growing hygiene awareness among the people, rising education facilities, and changing lifestyle of people in this region has led to significant growth in the consumption of papers, specialty papers such as tissues, and packaging paper among others. This is further expected to fuel the growth of the paper industry and, in turn, trigger volume consumption of calcium carbonate.
Asia Pacific accounted for 49.0% of the global volume of calcium carbonate in 2012 and is expected to grow at a CAGR of 4.4% between 2013 and 2019. Developed regions such as North America and Europe are expected to experience comparatively slow growth due to restructuring and closure of paper mills. Europe accounted for 23.7% of the demand for calcium carbonate, which was followed by North America. RoW, which includes Latin America, the Middle East, and Africa, is the fastest growing market expected to grow at a CAGR of 4.5% from 2013 to 2019.
The calcium carbonate market is moderately concentrated with the top four players holding more than one third market share in 2012. Some of the key manufacturers of calcium carbonate include Imerys, Omya AG, Minerals Technologies, Excalibar Minerals, Huber Engineered Materials, Okutama Kogyo Co., Solvay S.A., Mississippi Lime Co., and Great Lakes Calcium Corp., among others.
More information about the calcium carbonate market is available online.
