Global Calcium Carbonate Market to Hit More Than USD 32.3 Billion by 2024

Sarasota, FL -- (SBWire) -- 05/02/2019 --With the presence of a large pool of participants, the Global calcium carbonate market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Huber Engineered Materials, Mississippi Lime Company, Imerys Mineral Limited, Schaefer Kalk Sdn Bhd, and Omya GmbH are some of the key vendors of calcium carbonate across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the calcium carbonate market study.

Citing an instance, in January 2018, a study published in a Science Advances Journal demonstrated that supersaturated calcium carbonate solutions are classical.

As estimated in this report, the global calcium carbonate market stood at US$ 20 billion in 2017. Witnessing a tremendous rise during the period from 2017 to 2024, the revenue in this calcium carbonate market is expected to reach US$ 32.3 billion by the end of the forecast period. The main types available in this calcium carbonate market are precipitated calcium carbonate and ground calcium carbonate. Among them, the demand for ground calcium carbonate is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.

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Massive Product Use In Construction Activities To Proliferate Market Growth

"Plethora of product applications in paints & coatings, construction, pharmaceutical, fertilizers, plastics, paints & coatings and adhesive & sealants sectors is expected to positively leverage the growth of calcium carbonate market within the couple of years," says the author of this study. Apart from this, thriving paper sector along with rapidly expanding additive industry is projected to offer lucrative avenues for calcium carbonate market in the years forward.

Depleting calcium carbonate reserves and strict government measures related to health & safety of population, however, will impede the expansion of calcium carbonate market in the coming years.

High Presence Of Limestone Reserves To Support APAC Maintain Dominance

Regionally, Asia Pacific has been leading the worldwide calcium carbonate market and is anticipated to continue on the dominant position in the years to come, states the calcium carbonate market study. Substantial presence of limestone reserves, strict government FDI legislations supporting investment, and expanding infrastructural activities is the main factor behind the dominance of the Asia Pacific calcium carbonate market. The high number of market players being headquartered in Asia Pacific is another significant factor that is supporting this regional calcium carbonate market. In addition, increase in the number of construction activities across the region will further support the growth of Asia Pacific calcium carbonate market in the years ahead. Reportedly, countries such as Thailand, Vietnam, China, and India are major destinations for calcium carbonate business in Asia pacific.

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The global calcium carbonate market is segmented as follows:

By Product

Precipitated Calcium Carbonate
Ground Calcium Carbonate

By Application

Paints & Coatings
Papers
Pharmaceuticals
Adhesives & Sealants
Chemicals

By Region

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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