Press release
Calcium Market Predicted to Reach USD 59.26 Billion by 2034, Expanding at a CAGR of 5.7% | Fact.MR
Calcium Market
Calcium carbonate is a primary calcium source in contemporary construction, used greatly in cement and concrete production. It is also widely utilized in roofing, flooring, and other building material manufacturing through ground calcium carbonate (GCC), further demonstrating its significance in the construction sector.
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Calcium Market Dynamics
Surging Industrialization Fueling Demand for Calcium in Infrastructural Growth
Increasing industrialization trend is greatly escalating the demand for compounds of calcium across industries. With the accelerating growth of infrastructure globally, calcium remains in high demand in the construction, manufacturing, and industrial sectors.
Also, investments by the government in infrastructure projects are further driving market growth with greater consumption of calcium in cement, concrete, and other construction materials. As industrial growth speeds up, the calcium market is likely to see steady growth, supported by increasing construction activities and infrastructure upgradation initiatives in the upcoming years.
Regional Outlook
The Asia-Pacific region is expected to dominate the development of the calcium market in the years to come, led by high-speed industrial growth and growing demand from various industries. China and India are specifically major drivers of this growth, with growing industrial uses and building activities driving the consumption of calcium.
In addition, the need for green and sustainable packaging solutions in developed economies like North America and Europe is further driving market growth. With the evolution of industries, the calcium market is likely to grow dramatically in both emerging as well as mature economies.
Calcium Market: Competitive Landscape
Major players in the calcium industry are incorporating strategic measures like collaboration, price strategies, and research partnerships to advance their market position and spur innovation.
Belgian chemical firm Solvay S.A. recently entered a partnership with Composites 1, a top North American composite materials distributor. The tie-up will build Solvay's distribution channel and tap synergies in the increasing composites business, benefiting its calcium segment indirectly.
Huber Engineered Materials, a subsidiary of J.M. Huber Corporation, reported a 5% to 10% price hike on its industrial calcium carbonate products. The company attributed increased costs in packaging, labor, capital expenditures, raw materials, and regulatory compliance as major drivers of the price hike.
Imerys S.A., a French multinational, has commissioned a five-year joint research program with Penn State University and MIT's Industrial Liaison Program (ILP). The move is in line with the company's innovation strategies to accelerate growth in performance additives and advanced materials through academic alliances.
These maneuvers underscore the fast-changing nature of the calcium market with firms sharpening focus on expansion, pricing methodologies, and technological advancement to stay ahead of the competition.
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Segmentation of the Calcium Market
By Form :
Calcium carbonate
Lime
Others
By Applications :
Safety Equipment
Sensing
Imaging
Projection Display
By End-Use Industry :
Construction
Pulp & Paper
PVC
Sugar processing
Steel
Pharmaceutical
Chemical
Others
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