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Market Intelligence Report on Calcite Market, 2018-2028

11-13-2020 04:31 AM CET | Energy & Environment

Press release from: Transparency Market Research

Sales of calcite have witnessed utter proliferation in recent time, in line with the growing demand from paper and pulp sector wherein calcite is highly adopted as a coating and filler material. According to Transparency Market Research analysis, global calcite market is anticipated to register 4.7% CAGR during the study period 2018–2028.

The TMR report opines that demand for calcite is highly driven by its significant properties that are paving way for its wide applications in end-use industries, such as F&B, pharmaceuticals, personal care, and pharmaceutical among others. This growing uptake in diverse arenas is likely to stimulate growth of calcite market. Additionally, as per the TMR study, calcite continues to witness immense consumption in the manufacture of sealants, adhesive, plastics, and polymers, which is also driving the growth of the calcite market.

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According to the study, demand for paints, coatings & cement has been growing at a steady clip, especially in developing countries. The sustained growth in the automotive industry in these developing regions has been a key catalyst for growing demand for paints, coatings, and cement. According to the study, these broader factors are likely to provide an impetus to the growth of calcite market during the forecast period.

The TMR report opines that the worldwide calcite market is witnessing a proliferation of local manufacturers. Further, the regional markets are mainly driven by the local manufactures who have been engaging in selling calcite to domestic end-users only. With the competition in calcite market on rise, calcite manufacturers are prioritizing development of novel offerings and product lines, while participating in lasting collaborations and mergers with calcite end users. According to TMR analysis, the leading market players are increasingly focusing on developing countries and regions, such as India, China, ASEAN, and Latin America to grow their consumer base.

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China Holds Pole Position in Calcite Market, India to Expand at Highest CAGR

China continues to be one of the leading markets for calcite sales globally. The TMR study expects China calcite market to accelerate at 5% CAGR during 2018-2028. The growth of calcite market in China can be accredited to the abundant calcite mineral resources in the region. According to the study, PCC remains a lucrative segment, holding a significant share in the China calcite market. However, in China most of the demand is met by domestic calcite manufacturers, leading to limited opportunities for multinational companies.

The report opines that India is envisaged to grow at highest CAGR during the study period, owing to the increasing production of plastics and polymers in the country. Additionally, the expanding Indian population has set up the foundation for growth of construction sector, which is likely to augur well for the prospects of calcite manufacturers. The TMR study indicates that bulk of calcite demand in India is met by calcite manufacturers from other parts of the world, including MEA and South East Asia.
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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.”

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and technique in developing distinctive data sets and research material for business reports.

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