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Future Trends and Competitive Landscape of Calcium Carbonate Market by 2019
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The burgeoning demand for calcium carbonate in paints and coatings industry and as cement in the building and construction industry is opening up exciting opportunities in developing regions such as Latin America and Asia Pacific. Driven by a number of emerging applications in several end-use industries, the calcium carbonate is projected to rise at a 7.0% CAGR during 2013–2019 and is estimated to reach 112.0 mn tons by the end of the forecast period.
Precipitated Calcium Carbonate (PCC) to Witness Substantial Demand in Paper Industry
Based on the product type, the calcium carbonate market is bifurcated into precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC). Of these, currently the GCC segment holds a substantial market share. However, along the forecast period, GCC is anticipated to witness a decline in demand and the PCC segment is expected to gain share. This is attributed to the potential application of PCC and its pigments in improving paper printability and appearance, in addition to a variety of other applications in making coated papers. The segment is anticipated to reach a valuation of 23.8 mn tons by the end of 2019.
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The major end-use application segments of calcium carbonate market are paper, building and construction, plastic, agriculture, and pharmaceutical. Among these, the paper end-use industry held the major share amounting to 40.4 mn tons in 2016 and is projected to reach 45.9 mn tons by the end of 2019. In addition, the plastics end-use market is projected to rise at the same pace over the forecast period.
Asia Pacific Market to Grow at Bliastering Pace
Geographically, the calcium carbonate market is segmented into Europe, Asia Pacific, North America, and Rest of the World (RoW). Of these the Asia Pacific market for calcium carbonate is projected to hold the dominant share throughout the forecast period. The regional market is projected to garner a whopping share of 50.8% by the end of 2019. The dominance of the market is primarily drive by the easy availability of raw materials. The substantial production of paper to meet the burgeoning demand of educational materials in various countries has translated to an accelerated application of the compound. In addition, extensive demand for calcium carbonate in packaging in the region has catalyzed the market growth.
The RoW market, which includes Latin America and the Middle East and Africa, is projected to rise at the major CAGR over the forecast period. The RoW market is anticipated to account for a share of 6.9% by the end of the forecast period.
North America and Europe are expected to witness a decline in their market share by 1.0% each by the end of 2019. The slump in demand for calcium carbonates in Europe is attributed to slow economic recovery after recession and the closing down of paper mills, while marked volatility in economic conditions in the U.S. is expected to impede the North America market.
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