As per Future Market Insights, the value of the global calcite industry in 2022 was US$ 10.76 billion. The growing demand for plastic and paper packaging is likely to be the key driver of growth in the calcite industry. This is predicted to create US$ 20.22 billion by 2033, with a 5.9% CAGR between 2023 and 2033.
Calcite demand in the paper sector has increased. Both precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC) are being used to make paper. PCC is still the preferred material for paper manufacture due to its operational flexibility. The paper industry has improved its printing surface and generated brighter sheets as a result of the introduction of PCC. Because of rising demand for PCC and GCC in the paper sector, the calcite market is likely to rise at a faster rate.
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Calcite demand is predicted to rise from 2023 to 2033 as a result of its favorable chemical characteristics, cost-effectiveness, and advancements in polymer and plastics manufacturing. In more recent construction, calcite is utilized to manufacture cement and concrete in the shapes of marbles and limestone.
Marbles can be used to create beauty in a variety of patterns and colors. In the next years, the calcite industry will gain from growing demand for marble flooring, bathroom countertops, and kitchen tabletops. Private equity and venture capital organizations have made significant investments in India’s building industry. CAGR is predicted to increase significantly over the forecast period.
Key Takeaways from the Market Study
- Sales of calcite increased at a CAGR of 4.8% between 2018 and 2022.
- The market is likely to be dominated by the ground calcium carbonate (GCC) segment, which is projected to have a 65% market share in 2022.
- With a CAGR of 5.5% from 2023 to 2033, the fine size category dominates its market share in the end-use applications.
- North America continued to be one of the most lucrative and lucrative markets throughout the duration of the projection period, holding a dominant share of 67% in the worldwide market for calcite in 2022.
“It is anticipated that the demand for calcite will fuel rising consumer demand for high-end, technologically sophisticated goods. Calcite’s excellent hardness and strength have led to a surge in its use in building and renovation projects, which has helped the calcite market expand,” remarks an FMI analyst.
Competitive Landscape
The calcite market has a fair amount of rivalry. Strong research and development efforts are given a lot of attention. In order to meet the needs of a growing client base, businesses in the calcite market seek to strategically collaborate with end users and local distributors.
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Top Key Players in the Global Industry
- Imerys S. A.
- Omya AG
- M. Huber Corporation
- Minerals Technologies Inc.
- Gulshan Polyol Ltd.
- ASEC Company for Mining
- Esen Mikronize A.S
- Wolkem India Ltd.
- Shandong CITIC Calcium Industry Co.,Ltd.
- Columbia River Carbonates
- Jay Minerals
- Golden Lime Public Co.
- , Longcliffe Quarries Ltd.
- Vietnam CMT Joint Stock Company
- Mississippi Lime Company
Some key developments of the leading companies in this market are:
- In September 2022, Omya and IFG established a strategic R&D partnership to research calcium carbonate incorporation into fibers. At IFG’s Fibers Research Center in Linz, Austria, the two businesses will work together to research innovative fiber products, their performance, characteristics, and applications.
- Minerals Technologies Inc. stated in May 2020 that it has reached an agreement with Satia Industries Limited in Punjab District, India, to establish a 42,000 metric tonne precipitated calcium carbonate (PCC) facility at their paper mill.
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Key Segmentation
By Type:
- Ground Calcium Carbonate (GCC)
- Precipitated Calcium Carbonate (PCC)
By Size:
- Fine
- Coarse
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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