Future Market Insights’ latest market report titled “Calcite Market: Forecast, Trend Analysis & Competition Tracking – Global Review 2018 to 2028” examines the Calcite market and offers crucial market insights for the next ten years. According to Future Market Insights’ analysis, the global sales of Calcite is estimated to be valued at US$ 14.5 Bn by the end of 2018 and is expected to register 4.7% CAGR over the period 2018–2028. This report discusses various factors governing the demand for Calcite and the break-up of the Calcite market on the basis of type, size and application.
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Global Calcite Market: Dynamics
The global calcite market is being driven by increasing demand from the paper and pulp industry wherein it is used as a filler and coating material. Owing to the notable properties of calcite, it is also used in personal care, food and beverages and pharmaceutical industries, among others, which is expected to provide impetus to the growth of the calcite market. Further, increasing use of calcite in adhesives and sealants and polymers and plastics is expected to witness steady growth owing to the growth in the production and demand for adhesives, sealants, polymers and plastics in recent years.
Similarly, the growth of the construction and automotive industries in developing regions, owing to increasing investments in infrastructure and rise in per capita disposable income, is expected to create higher demand for cement, paints and coatings. Calcite demand is, thus, expected to be driven by the cement and paints and coatings industries.
Moreover, to cater to the rising demand for Calcite and gain competitive edge over other competitors, key manufacturers are focusing on the development of new product lines and are focusing on long-term agreements and collaborations with the end users of calcite. Over the recent past, it has been observed that key players in the Calcite market are targeting developing countries and regions, such as China, ASEAN, Latin America and India, to enhance their sales footprint.
Global Calcite Market: Segmentation Analysis
Market insights suggest that the global calcite market is dominated by the GCC segment wherein demand for GCC from polymers and plastics, adhesives and sealants and cement will drive the calcite market and is expected to expand at a significant CAGR over the forecast period. Moreover, rising investments for infrastructural developments in regions, such as North America, Middle East, China, India and Europe, are expected to boost the growth of the construction industry, owing to which, the demand for the cement and paints and coatings is expected to increase. Rise in demand for cement and paints and coatings is expected to drive the calcite market over the forecast period
Global Calcite Market: Regional Market Projections
On the basis of region/country, China is anticipated to dominate the global calcite market throughout the forecast period. The calcite market in China is expected to expand at a CAGR of 5.0% during the forecast period. However, most of the demand in China is met by the calcite manufacturers in the domestic market. This is expected to affect the penetration and calcite sales of manufacturers from other regions.
Moreover, India is expected to expand at highest CAGR during the forecast period in the global calcite market. North America and Western Europe are expected to register attractive growth rates in the global calcite market.
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Global Calcite Market: Competitive Landscape
Some of the players reported in this study on the global Calcite market are Omya AG, Imerys S.A, Minerals Technologies, Inc., J.M. Huber Corporation, Nordkalk Corporation, wolkem India Pvt Ltd, Gulshan Polyols Ltd, MJ Minerals, Fimatec Ltd. ASEC Company for Mining, Jay Minerals, Zantat Sdn. Bhd., Shiraishi Calcium Kaisha Co., Ltd, Mississippi Lime, Lingcliffe Quarries Ltd, White Rock Minerals, Columbia River Carbonates and Esen Mikronize Maden, among others.