The growing demand for building or structure safety measures across residential, commercial, and industrial sectors are key factors driving the global calcite market. According to a study by Future Market Insights (FMI), calcite sales will continue rising in response to increasing industrial applications and rising construction activities. According to FMI, the market will surpass US$ 15.14 Billion by 2021.
The demand for ground calcium carbonate or GCC calcite will remain significantly high. It is expected to account for over 60% of calcite sold globally in 2021. Increasing demand for cement has resulted in significant growth in demand for calcite.
Besides this, the demand from the paper and pulp industry will enable the market to exhibit consistent growth through the forecast period. The global calcite market is anticipated to grow owing to the increasing investment in residential and commercial construction.
Besides this rapid urbanization will pave the way for the expansion of the market. This is especially true in the case of developing countries in the East. Following a temporary period of sluggish growth amid COVID-19, construction sector revival is on the cards for countries such as India and China.
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According to Invest India, the construction industry in India is expected to record a CAGR of 15.7% by 2022. Considering this, India will continue presenting lucrative growth opportunities for the market through the forecast period.
Key Takeaways of Global Calcite Market Study
- The U.S. will account for over 80% of the North American calcite market in 2021
- The overall value of the calcite market in the U.K. will surpass US$ 560 Mn in 2021
- France and Germany will remain lucrative markets for calcite backed by increasing construction activities
- Surging investment in infrastructural development will continue fuelling demand in Japan and South Korea
“As a result of operating in a highly competitive environment, market players have been focusing on product improvement and launches as key strategies to gain a competitive edge. Besides this, some of them are seeking out strategic collaborations to expand their footprint as well as product portfolio” says a lead FMI analyst.
Market Landscape Continues to Remain Moderately Fragmented
The global calcite market has been identified as a significantly fragmented market with an unorganized sector occupying a major section. The Tier 1 manufacturers account for the maximum share of the global market. Some leading players included in the report are:
Imerys S. A., Omya AG, J. M. Huber Corporation, Minerals Technologies Inc., and Gulshan Polyol Ltd. Tier 2 manufacturers such as ASEC Company for Mining, Esen Mikronize A.S, Wolkem India Ltd., Shandong CITIC Calcium Industry Co., Ltd. and Tier 3 manufacturers such as Columbia River Carbonates, Jay Minerals, Golden Lime Public Co., Ltd., Longcliffe Quarries Ltd., Vietnam CMT Joint Stock Company, Mississippi Lime Company and many regional players’ manufacturers across the globe are anticipated to create a tough competitive environment on the global level.
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How is Calcite Sale Affected by Applications in Construction Industry?
The growth in the construction industry is expected to have a high impact on the demand for calcite in the building materials market. The demand for building materials is increasing due to the ongoing construction activities in both commercial and residential sectors. 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
Want to Know More?
Future Market Insights, in its new report, offers an unbiased analysis of the global calcite market, analyzing historical demand from 2016-2020 and forecast statistics for 2021–2031. The study reveals growth projections on the calcite market based on type (GCC and PCC), size (coarse and fine), and applications (pulp & paper, polymer & plastic, paints & coatings, cement, adhesives & sealants, and agriculture) across key regions (North America, Latin America, Europe, South Asia & Pacific, East Asia, Middle East, and Africa)
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