Calcite Market:
Growth opportunities in the Calcite market look promising over the next six years. This is mainly due to the continuous expansion and growth of the construction industry and the rising number of construction practices and the strong demand for calcite in the form of marble and limestone.
Calcite Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The constant expansion and growth of the construction industry owing to the growing globalization and rising number of populations are the major drivers that are contributing to the calcite market’s growth. In addition to this, the rising number of construction practices has further increased the demand for calcite. Modern construction practices such as calcite in the form of marble and limestone for the production of concrete and cement is further driving the market growth. Calcite is added in the lean clay for enhancing the plastic properties, which is the major reason for the adoption of calcite by civil engineers.
Moreover, the intensive competition in the calcite market has encouraged the calcite manufacturers to focus more on innovation in the manufacturing process to capture a higher share in the market. The Huber Engineered Materials (HEM), a subsidiary of the J.M. Huber Corporation, has successfully acquired agrichemical manufacturing company, Miller Chemical & Fertilizer LLC, from investment company Dunes Point Capital LP. Through this acquisition, HEM’s aims to build a distinct portfolio of competitively privileged medium to small businesses in mineral and chemical markets, which has further increased the market’s growth. Furthermore, the strong demand for paper and plastic industries followed by the continuous development in plastics and polymer production are further helping the market to grow. On the other hand, sluggish neutralization followed by the high cost of transportation are hampering the market growth.
Regional Drivers
Based on the region, Asia-Pacific is projected to witness a faster CAGR in the market during the coming years. The increasing funding by the government and other bodies, particularly in mineral exploration, is the key driver that is contributing to the market growth. In China, provincial Geological Exploration Funded US$ 39 million in 2017 for mineral exploration, which has contributed to the overall growth of the market. As per the “Hudson Institute of Mineralogy”, there are more than 10 mines and deposits in Japan that meets the demand for calcite, thus resulting in the expansion of the mineral and ore industry and calcite market.
Calcite Market’s leading Manufacturers:
- Imerys S.A.
- Omya AG
- Minerals Technologies Inc.
- Huber Engineered Materials
- Gulshan Polyols LTD.
- Nordkalk Corporation
- Wolkem India LTD.
- Sibelco
- Esen Mikronize Maden
- Mississippi Lime Company
Calcite Market Segmentation:
Segmentation by Type:
- Ground Calcium Carbonate (GCC)
- Precipitated Calcium Carbonate (PCC)
Segmentation by Application:
- Paper
- Paints & Coatings
- Construction
- Plastics
- Adhesives & Sealants
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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