As per Future Market Insights, the value of the global calcite market in 2022 was US$ 10.76 billion. The increasing demand for plastic and paper packaging is expected to be the primary driver of the calcite industry’s growth. This is expected to generate US$ 20.22 billion by 2033, with a CAGR of 5.9% from 2023 to 2033.
Calcite demand has skyrocketed in the paper industry. For the production of paper, both precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC) are gaining favor. Because of the operational flexibility it gives, PCC is still the favored material for manufacturing paper. As a result of the introduction of PCC, the paper industry has enhanced its printing surface and produced brighter sheets. The calcite market is expected to grow at a quicker rate because to increased demand for PCC and GCC in the paper sector.
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Calcite demand is expected to rise from 2023 to 2033 as a result of its favourable chemical properties, cost-effectiveness, and developments in the manufacture of polymers and plastics. Calcite is used to make cement and concrete in the shapes of marbles and limestone in more modern construction.
Marbles are utilized to create beauty in a wide range of patterns and colors. The calcite business will benefit from increased demand for marble floors, bathroom countertops, and kitchen tabletops in the coming years. Venture capital and private equity firms have made considerable investments in India’s construction industry. CAGR is expected to climb significantly over the projection 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.
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.
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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
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.
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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).
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