Market Overview
Market Research Future (MRFR) assessed the calcite market 2020 till the study period 2023. By 2023, The paper and pulp application of calcite due to the rise in demand for cost-effective, high quality paper can bolster the expansion of the market in the assessment period. The high optical and printable properties of paper and pulp can improve the consumer base for calcite, which, in turn, can boost the market expansion through the review period. The increased demand for calcite for cementing application featuring in sustainable development can also boost the growth of the Calcite Market during the analysis period.
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Competitive Analysis
Some of the prominent players in the global calcite market are Imerys (France), Huber Engineered Materials (US), Minerals Technologies Inc. (US), Omya AG (Switzerland), ASCOM Group (Switzerland), Nordkalk Corporation (Finland), Esen Mikronize Maden (İSTANBUL), 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) among others are some of the key players in the global calcite market.
Market Segmentation
The global calcite market has been studied for the segmentation based on form, type, application, and region. Based on type, the global calcite market is studied for the segments of precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC). Among these, the precipitated calcium carbonate segment is expected to lead the global calcite market during the forecast period. This can be attributed to the high-purity and the cost-effectiveness of the mineral used as a functional additive in end-use applications.
Based on form, the global calcite market is segmented into powder, granules, and slurry. Among these, the powder segment is anticipated to witness the fastest growth. It is used as a calcium supplement for animal feeding.
Based on application, the global calcite market is segmented into adhesives sealants, glass, animal feeds, glass ceramics, plastics rubber, cement, paints coatings, pulp paper, agriculture, and pharmaceutical. Among these, the paper and pulp segment accounted for the largest share in the global calcite market at the beginning of the assessment period. The segment is anticipated to retain its dominance over the calcite market due to the cost-effective quality of paper production and deliverance of high-optical and printable properties. On the other hand, the applications of calcite are expected to augment in the cement industry and expand at a substantial rate during the assessment period. This is bound to lead significant growth in the cement segment. Increasing demand of calcite in the agricultural industry and the paper industry is expected to drive growth in the respective segments over the assessment period. Further, the growing use of calcite in the construction industry, thanks to the booming construction industry is expected to push the segmental growth to new heights through the review period.
Detailed Regional Analysis
The global calcite market is studied for the geographical segments of Asia Pacific (APAC), Europe, North America, Latin America, and the Middle East Africa (MEA). Among these regions, the APAC region had accounted for the maximum share in the global calcite market at the beginning of the forecast period. Asia Pacific is also expected to retain its dominance over the global calcite market over the review period. This can be attributed mainly to the rising demand for calcite from different end-user industries prevalent in the region. These end-user industries include the polymer, construction, medical, agriculture, and the rubber industry. Apart from that, developing economies such as India and China are expected to emerge as significant consumers of Calcite Industry through the assessment period. This is owed to the ascending usage of calcite in the construction industry for cement, adhesive sealants, and paints coating in these countries. The demand for calcite is anticipated to augment in India at the highest CAGR over the assessment period.
North America and Europe are anticipated to demand pure calcite for high range filler additives used in the food beverage and pharmaceutical industries prevalent in the region. Both these regions are expected to derive substantial demand during the review period.
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Industry Update
June 2019: Researchers and scientists from National Museum Institute of History of Art, Conservation and Museology recently found a new way of conserving decaying monuments calcite. The researcher has said that decaying caused by leached lime can be acted upon by bacteria, which would turn it into hard calcified lime protecting the exterior of the monuments.
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