According to Future Market Insights, the global calcite market was valued at USD 10.76 billion in 2022. The primary driver of growth in the calcite industry is the increasing demand for plastic and paper packaging. By 2033, the industry is expected to reach USD 20.22 billion, growing at a CAGR of 5.9% from 2023 to 2033.
The paper industry has seen a significant rise in the demand for calcite. Both precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC) are becoming increasingly popular for paper manufacturing. PCC remains the preferred choice due to its operational flexibility. The introduction of PCC has enhanced the printing surface and brightness of paper sheets, which is expected to drive faster growth in the calcite market due to the rising demand for PCC and GCC in the paper industry.
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From 2023 to 2033, the demand for calcite is projected to grow due to its beneficial chemical properties, cost-effectiveness, and advancements in polymer and plastic manufacturing. In modern construction, calcite is used to produce cement and concrete in the forms of marble and limestone.
Marble, available in various patterns and colors, is used for aesthetic purposes. The increasing demand for marble flooring, bathroom countertops, and kitchen tabletops is expected to create favorable growth opportunities for the calcite industry in the coming years. Significant investments from venture finance and private equity firms in India’s construction sector are expected to contribute to a notable increase in the industry’s CAGR 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.
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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.
Prominent players in the calcite market are:
- 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
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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.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global calcite market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the calcite market , the market is segmented on the basis of calcite type (ground calcium carbonate (gcc), precipitated calcium carbonate (PCC)), size (fine, coarse), application (paper & pulp, polymer & plastic, paints & coatings, other) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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