In 2022, the global calcite market was estimated to have acquired US$ 10.76 billion. The calcite market’s development is projected to be primarily driven by the rising demand for plastic and paper packaging. This has resulted to an expected sum of US$ 20.22 billion by 2033, garnering a CAGR of 5.9% during the forecast period, 2023 to 2033.
Calcite is one of the most frequently utilized minerals in the whole mineral industry given its special qualities. It is widely used as a raw material in the building and agriculture industries. The calcite market has expanded as a result of a consistent rise in calcite demand, particularly from the cement and agricultural sectors.
Due to its application in the production of goods including cables, PVC pipes, plastic moldings, and plastic films, “ground calcium carbonate (GCC)” is the type sector with the quickest growth. During the projected period of 2023 to 2033, the expanding population and increasing urbanization will offer the major prospects for current and emerging commercial as well as industrial uses of calcite.
The calcite market has been witnessing significant growth over the last few years. This growth trend is projected to continue over the next decade due to increasing use of calcium carbonate across various applications. Calcite ore exhibits usefulness across diverse applications in agricultural, construction, and other industries. The increasing population and rapid urbanization will offer significant opportunities for ongoing and upcoming Industrial and commercial applications of calcite in the coming years.
Global Calcite Market Historical Analysis (2018 To 2022) Vs. Forecast Outlook (2023 To 2033)
According to the study, the global calcite market has seen a steady growth in the agricultural sector. This trend is observed in countries across North American and Western Europe. Rising construction activities in both regions will aid sales growth of fine GCC, which is increasingly used in the paint and coatings and polymers and plastics industry.
Reducing the particles size and achieve more cost efficient solution has always been one of the prime concerns of researchers. Choosing a correct Calcite type for specific application has been difficult for end-use industries, hence, manufacturers have been focusing on improving overall quality to cater to specific industry requirements.
The market is likely to gain significant impetus from the launch of new calcite with advanced properties in the near future. Changes such as reduction in particle size could support overall expansion of the market. This will not only help end users to tackle price concerns but will enable them achieve more product efficiency.
Some of the leading manufacturers already have launched on site Calcite processing plants and several others are likely to follow the suit to keep pace with dynamic environment and therefore stand at the top of the line.
According to FMI, calcite sales have grown at a 4.8% CAGR between 2018 and 2022. Calcite application has been consistently increasing in agricultural, construction and industrial sectors. The acid paper production has been reduced and thus calcite has proven to be an effective alternative to the titanium dioxide. Rising demand for fertilizers coupled with the increase in the production of agrochemicals in the APEJ will result in the increase in demand for calcite over the forecast period.
What is Primarily Driving the Market for Calcite?
Increasing Demand from the Construction Sector to Aid Growth
The growth in the construction industry is expected to have high impact on the demand for calcite in the building materials market. The demand for building materials is increasing due to the ongoing constructions activities in both commercial and residential sectors. The cement production has been increasing significantly in recent years owing to the high investment in infrastructure development activities.
This has emerged as a chief factor fuelling the demand for calcite in countries such as China, UAE, Saudi Arabia, India, and others. Thus, the increasing use of building materials and cement in these countries will significantly affect calcite market growth.
Market Players Focusing on Research and Developments is Driving the Growth
Some of the leading manufacturers of calcite are investing more on research and development (R&D) activities to producer finer quality. Competitive price offering, ensuring finer quality, and use of advanced technologies are some of the outcomes of R&D activities undertaken by companies. In modern construction activities, calcite is used in the form of marble and limestone.
Market players have been increasingly focusing on research and development activities to gain edge over competition witnessed. For instance, Omya AG not much time ago introduced a new product line under the brand name Aquarate to gain traction.
How Big is the Opportunity in the United States?
Various Government Policies and Commercial Projects to Boost the Sales
FMI has projected North America to remain one of the most remunerative and paying markets throughout the course of the forecast period. One of the key factors supporting enhancement is the growth in construction industry in the United States. New commercial projects in the country are expected to increase the total sales of calcite in the forecast period as the United States is one of the second leading countries in construction gross value added index.
Commodity prices moved towards stability, creating sustainable market opportunities across regions and translating into positive effects on the global construction industry. Backed by these factors the United States remains one of the largest markets for Calcite in the world.
Favorable policies, coupled with high per capita spending, have created a conducive environment for the growth of calcite industry in theUnited States. The presence of leading players such as Imerys S. A. , Omya AG, and J. M. Huber Corporation is supporting growth in the United States Strategies undertaken by these companies include product launches and expansion plans, which will continue aiding overall expansion in the country.
Market Competition
The calcite market is a moderately competitive. There is ample focus on strong research and development activities. Companies operating in the calcite market are aiming at strategic collaborations with end users and regional distributors to address the requirements of an expanding customer base.
The key players in this market include:
- Imerys S. A.
- Omya AG
- J. 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. Ltd.
- Longcliffe Quarries Ltd.
- Vietnam CMT Joint Stock Company
- Mississippi Lime Company
Some key developments initiated by the key players are as follows:
Imerys began exclusive agreements with Syntagma Capital in September 2022 for the sale of the majority of its assets that produce kaolin, precipitated calcium carbonate (“PCC”), ground calcium carbonate (“GCC”), as well as talc, which mainly serves the paper marketplace, for a market value of EUR 390 million (US$ 424 million), which includes an earn-out contingent upon future business performance.
Omya International AG and Idwala Industrial Holdings Ltd. have entered into a joint venture in South Africa. The joint venture is intended at enabling access to the broad portfolio of calcium carbonate and specialty chemical products
Biesterfeld and Omya inked a contract in May 2020 for the distribution of organic calcium carbonate to supply the nutraceutical and pharmaceutical sectors.
