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Ground And Precipitated Calcium Carbonate Market Dynamics, Segments and Supply Demand 2016-2026
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Although the two product types serve similar range of applications, there do exist several distinctions among the two that drive the preference for one type over the other for certain specific application areas. Precipitated calcium carbonate is composed of relatively smaller sized particles, is relatively brighter and also has relatively higher calcium carbonate content as compared to fine ground calcium carbonate. The two calcium carbonate types are produced either by processing naturally occurring minerals or by synthetic route wherein chemical process is adopted to produce the desired product type.
Global Ground and Precipitated Calcium Carbonate Market Dynamics
In terms of market volume, global ground and precipitated calcium carbonate market is expected to witness a steady growth, registering a moderate single digit growth compounded annual rate during the forecast period. This forecast growth in consumption of ground and precipitated calcium carbonate is expected to primarily be attributed to steady growth in demand from end use industries based in Asia Pacific region. Thus, steady growth of construction sector coupled with forecast steady growth of global automotive production is expected to positively impact the consumption of ground and precipitated calcium carbonate across end use industries. Moreover, steady growth in demand from plastics and rubber industries is expected to propel the global ground and precipitated calcium carbonate market over the forecast period.
However, relatively sluggish to slow growth of paper industry, major ground and precipitated calcium carbonate consuming industry, across key markets such as Europe and North America is likely to act as an impediment to growth of global ground and precipitated calcium carbonate market during the forecast period. Also, relatively slower economic growth is expected to restrain the growth of the market in the initial phase of the forecast period.
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Global Ground and Precipitated Calcium Carbonate Market: Regional Outlook
Moreover, on the basis of key geographical regions, global ground and precipitated calcium carbonate market has been segmented in to North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, Japan, and Asia Pacific excluding Japan (APEJ). Among the aforementioned regional markets, consumption of precipitated and ground calcium carbonate is expected to be dominated by APEJ region, spearheaded by China. A steady growth is expected to be registered by ground and precipitated calcium carbonate market in the region during forecast period
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