Calcium Carbonate Market (GCC and PCC) for Paper, Plastic, Building & Construction and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019
Albany, New York (PRWEB) May 11, 2014
According to a new market report published by Transparency Market Research "Calcium Carbonate Market (GCC and PCC) for Paper, Plastic, Building & Construction and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019", the global calcium carbonate market was valued at USD 15.66 billion in 2012 and is expected to reach USD 25.01 billion by 2019, growing at a CAGR of 7.0% over the forecast period from 2013 to 2019. In terms of volume, global calcium carbonate market was 86.5 million in 2012.
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Growth in paper and plastic industries is expected to boost the demand for calcium carbonate over the next six years. Calcium carbonate consumption has been increasing in these major end-use industries owing to technologically developed product, enhanced physical properties and regulatory compliance for various applications. Additionally, rising demand for cement, adhesives and sealants from building and construction industries is in turn expected to fuel demand for calcium carbonate. For proper functioning of our vital body parts that include the heart, blood clotting system and nerves require calcium to some extent. However, in the pharmaceutical industry, adverse effects due to excessive consumption of calcium are expected to hamper market growth over the forecast period.
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Asia Pacific is riding on the rapid industrial growth in countries such as China, India, etc. and is anticipated to be the second fastest growing market over the forecast period of next six years. Growing hygiene awareness among the people, rising education facilities and changing lifestyle of people in this region has led to significant growth in the consumption of papers, specialty papers such as tissues and packaging paper among others. This is further expected to fuel the growth of paper industry and which in turn expected to trigger volume consumption of calcium carbonate. Asia Pacific accounted for 49.0% of global volume of calcium carbonate in 2012 and is expected to grow at a CAGR of 4.4% between 2013 and 2019. Developed regions such as North America and Europe are expected to experience comparatively slow growth due to restructuring and closure of paper mills. Europe accounted for 23.7% of the demand for calcium carbonate which was followed by North America. RoW which includes Latin America, the Middle East and Africa is the fastest growing market which is expected to grow at a CAGR of 4.5% from 2013 to 2019.
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The calcium carbonate market is moderately concentrated with top four players holding over one third market share in 2012. Some of the key manufacturers of calcium carbonate include, Imerys, Omya AG, Minerals Technologies, Excalibar Minerals, Huber Engineered Materials, Okutama Kogyo Co. Ltd, Solvay S.A., Mississippi Lime Company and Great Lakes Calcium Corporation among others.