Calcite Market Detailed Analysis of Current and Future Industry Figures till 2030

Calcite Market

 

Global Calcite Market Overview

Calcite is a natural mineral that is extracted by mining a rock. It has self-limiting properties and is a sustainable and eco-friendly mineral with an extremely low carbon footprint. Calcite Market has multiple applications because of its non-corrosive and non-hazardous benefits. The global calcite market is anticipated to register high growth during the forecast period, as per the extensive analysis conducted by Market Research Future (MRFR). 

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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.

Regional Analysis

In Asia-Pacific, the abundance of calcite can favor the regional market in years ahead. The availability of procurement facilities for the extraction of the natural mineral from by mining rocks and processing into granules, powder, and slurry for end-use applications can support the expansion of the calcite market in the region. In addition, the expansion of the construction industry creating the demand for adhesive and sealants, paints & coatings, and cement among others can promote the growth of the market across the assessment period. The surge in need for marbles and limestone can also bolster APAC calcite market expansion. In the pharmaceutical sector, the rise in sustainable demand for its acid-neutralizing ability in the formulation of therapeutic medicines can promote the expansion of the market in the years to come.

In North America, calcite market can secure the largest share as India is identified as one of the highest producer of calcite. In addition, the presence of a decent concentration of consumers can support the expansion of the market across the assessment period. Infrastructural developments and surge in plastics production are other causes that can drive the regional market.  In Europe, hefty investment in R&D for the development of new sources for construction of mixtures across can fuel the market growth in the assessment 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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