New York, NY, May 29, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Calcium Carbonate Market by Type (Precipitated Calcium Carbonate and Ground Calcium Carbonate) by Applications (Papers, Paints & Coatings, Pharmaceuticals, Adhesives & Sealants and Others) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023’’ . According to the report, global calcium carbonate market was valued at around USD 20 Billion in 2017 and is expected to reach approximately USD 32.3 Billion in 2024, growing at a CAGR of slightly above 5.5% between 2017 and 2024.
Calcium carbonate is a white odorless powder and in a colorless crystal, format commonly found in nature. Marble, chalk, and limestone are some of the common forms of calcium carbonate found in nature. Calcium carbonate is used in wide variety of applications mainly paints & coating, construction, pharmaceutical, fertilizers, plastics, paints & coatings and adhesive & sealants.
Browse through 39 Tables & 22 Figures spread over 130 Pages and in-depth TOC on "Global Calcium Carbonate Market Size & Share 2017: Industry Trends Analysis and Forecast, 2017 – 2024”.
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Global calcium carbonate market is segmented by types and applications. By types, calcium carbonate market is classified as precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC). GCC holds largest market share in terms of revenue. Demand for precipitated calcium carbonate is rising in tandem with thriving paper industry. By applications, calcium carbonate market is bifurcated into papers, paints & coatings, pharmaceuticals, adhesive & sealants and others.
Global calcium carbonate market is propelled by thriving paper industry, expanding additive & coating industry, and increasing investments in the construction sector. Construction is amongst the key growth driving sectors for calcium carbonate market for the forecast period. According to World Bank estimates, global infrastructure investment is anticipated to reach USD 94 trillion by 2040, with countries mainly in the Asia Pacific, North America and Europe looking forward to keeping pace with development demands. Growth in the construction sector is likely to bolster investments in allied sectors. Limited reserve of calcium carbonate and health & safety regulation from the government is a major challenge for calcium carbonate market for the forecast period.
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North America and Europe are amongst the foremost calcium carbonate market in terms of revenue. Calcium carbonate market in both these regions is propelled by increasing investment in the construction sector, thriving paper industry, and growing coating & additives industry. By 2024, total revenues of North America calcium carbonate market is anticipated to reach approximately USD 9 billion by 2024. Both construction and paper domain is the largest application segment for calcium carbonate, in North America. Strong construction sector outlook with an average investment of approximately USD 300 billion for each fiscal year would augment demand for calcium carbonate in U.S.A. and Canada for the forecast period. Similarly, the growth of calcium carbonate market in Europe is primarily driven by the construction sector, agriculture, and coating industry. Germany, UK, Spain, and France are key markets within Europe.
The Asia Pacific is the largest regional market for calcium carbonate in the world. Increasing investment in the construction sector, the presence of large known reserves of limestone, expanding manufacturing sector (especially paper industry) and positive economic outlook are key drivers of the market in the Asia Pacific region. Asia Pacific leads in precipitated calcium carbonate (PCC) consumption across the globe, as a result of thriving paper industry. China, India, Japan, Vietnam, and Thailand are major markets within Asia Pacific region. A survey from ‘Vermonters from a Clean Environment’ (VCE) stated that China accounted over 70% of total calcium carbonate production in the Asia Pacific.
Browse the full "Calcium Carbonate Market by Type (Precipitated Calcium Carbonate, Ground Calcium Carbonate) by Application (Paints & Coatings, Papers, Pharmaceuticals, Adhesive & Sealants, Chemicals) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024" report at https://www.zionmarketresearch.com/report/cal...ate-market
Post-recession Latin American countries are showing positive growth forecast for FY 2018 & FY 2019. Growth is reflected in construction and its allied sectors. According to IMF & World Bank study, Latin America construction sector is anticipated to grow between 2-3% each year till 2020. Positive growth forecast within infrastructure sector could augment demand for construction materials (especially cement) in the region. Brazil, Argentina, and Venezuela are foremost markets for calcium carbonate within Latin America region.
The Middle East & Africa will witness a rather steady growth in global calcium carbonate market till 2024. The market in MEA region is driven primarily by increasing construction activities, a large reserve of limestone and developing coating industry. Namibia, Niger, Nigeria, Botswana, and South Africa are countries with significant reserves of limestones in Africa.
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Key players within the calcium carbonate market are Huber Engineered Materials, Fujian Snamu Nano Calcium Carbonate Co Ltd., Graymont Ltd., Mississippi Lime Company, Imerys Mineral Ltd., Omya GmBH., Changzhou Calcium Carbonate Ltd., Jinsha Chemical., Jiawei Chemical., Shiraishi Kogyo Kaisha Ltd., Schaefer Kalk Sdn Bhd.
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The report segments global calcium carbonate market as follows:
Calcium Carbonate Market: Type Segment Analysis
- Precipitated Calcium Carbonate
- Ground Calcium Carbonate
Calcium Carbonate Market: Application Segment Analysis
- Paints & Coatings
- Papers
- Pharmaceuticals
- Adhesives & Sealants
- Chemicals
Calcium Carbonate Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
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