Global Calcium Carbonate Market to be Worth USD 25.01 billion by 2019: Transparency Market Research
Albany, New York (PRWEB) July 02, 2014
Transparency Market Research, a U.S.-based market intelligence firm says that the global calcium carbonate industry will be valued at USD 25.01 billion in 2019. A significant growth and expansion in the pulp and paper as well as plastic industries is likely to give a massive impetus to the global calcium carbonate industry. However, the market research report also observes that the highest growth will come not from the developed regions, but from rapidly developing regions such as Asia-Pacific and Latin America.
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The report, titled "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" can now be purchased online.
The global market for calcium carbonate was estimated to be worth USD 15.66 billion in 2012. Analysts anticipate this market to be worth USD 25.01 billion by 2019, posting a compounded annual growth rate (CAGR) of 7.0% between 2013 and 2019. The report also states that the global market for calcium carbonate, in terms of volume, was estimated to be worth 86.5 million in 2012. Thus, over the next six years, the calcium carbonate industry would need to brace for changing industry dynamics, largely fuelled by the paper and plastic sectors.
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Calcium carbonate is customarily used for a variety of purposes within these industries. It is the preferred agent for improving the texture and physical properties of certain products in the consumer products industry. Certain regulatory compliances mandate manufacturers to add calcium carbonate to products. Much of the demand for calcium carbonate also arises from the adhesives, sealants, and cement industries that are traditionally known to be heavy consumers of this material. As growth in these industries picks up, the same can be expected of the calcium carbonate market globally.
This material also serves certain critical purposes in the medical industry. Calcium is essential to the proper functioning of our blood clotting system, our nerves, and the heart. But, there are also several detrimental effects of calcium when consumed in excess, and these very effects are expected to slow down the consumption of calcium carbonate in the pharmaceutical industry.
The report further analyses how rapid industrial development in the Asia-Pacific region will largely be responsible for the growing consumption of calcium carbonate in this region. Countries such as China and India are likely to bring about a great degree of profitability for businesses in the calcium carbonate sector.
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The report states that Asia Pacific will likely emerge as the second fastest growing market up to 2019. This region is witnessing a massive lifestyle shift among people as they grow more aware of hygiene issues, become better educated, and adopt a higher lifestyle standard. Due to this, there has been a growing demand for products such as tissue papers, packaging paper, and other types of specialty papers. The report considers this factor as being vital to the growth and development of the calcium carbonate market in the region.
The report estimates the Asia Pacific market to grow at a CAGR of 4% up to 2019. On the other hand, businesses should expect slower growth in Europe and North America as paper mills down their shutters and undergo restructuring. The fastest growing market in the calcium carbonate industry is that of Rest of the World that is comprised of the Middle East, Latin America, and Africa. This market is likely to report a CAGR of 4.5% up to 2019.
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