Market Reports | Product Report

Market for Calcite will reach $13.0 billion by 2024

Published: January 5, 2023

Author: TEXTILE VALUE CHAIN

According to a new market research report, the “Calcite Market by Type (GCC, PCC), Application (Paper, Paints & Coatings, Construction, Plastics, Adhesives & Sealants), and Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Global Forecast to 2024″, In terms of value, the global calcite market size is estimated to be USD 10.1 billion in 2019 and projected to reach USD 13.0 billion by 2024, growing at a CAGR of 5.2% from 2019 to 2024. Increasing demand from the paper and plastics applications for calcite, coupled with easy availability and cost-effectiveness, are expected to drive the growth of the market during the forecast period.

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105 Market data Tables
36 Figures
145 Pages and in-depth TOC on “Calcite Market – Global Forecast to 2024″

This report also provides a comprehensive analysis of the companies listed below:

Imerys S.A. (France), Omya AG (Switzerland), Minerals Technologies Inc. (US), Huber Engineered Materials (US), Gulshan Polyols Ltd. (India), and 20 others

These players have been focusing on strategies such as acquisitions, new product developments & launches, agreements, and expansions that have helped them to expand their businesses in untapped and potential markets. The diversified product portfolio and multiple uses are factors responsible for strengthening the positions of these companies in the calcite market.

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Ground calcium carbonate type is projected to lead the calcite market during the forecast period

The calcite market based on type has been segmented into ground calcium carbonate and precipitated calcium carbonate. In terms of value & volume, ground calcium carbonate accounted for the largest share of the calcite market in 2018 and is also projected to grow at the highest CAGR during the forecast period. Demand is driven by its wide usage as a filler in various applications such as paper and plastics.

Asia Pacific is projected to be the largest consumer of calcite during the forecast period

Based on region, the calcite market is segregated into Asia Pacific, the Middle East & Africa, North America, Europe, and South America. Among these, the Asia Pacific accounted for the largest share in 2018 and is also projected to grow at the highest CAGR during the forecast period. This growth is attributed to the expansion in calcite manufacturing and high demand from the plastics and paper industries in China, Japan, and India, among others. Moreover, cheap labor, easy availability of raw material, and other factors are expected to fuel the growth of the market in the region during the forecast period.