Worldwide Calcium Carbonate Market to Experience Steady Growth through 2020
The calcium carbonate market is forecast to grow at a compound annual growth rate (CAGR) of 5.7% in value from 2015 to 2020, according to a recent report from Research and Markets entitled “Global Calcium Carbonate Market 2015-2020: Trend, Forecast, and Opportunity Analysis.” The major growth driver for this market is increasing paper demand from the packaging and printing market. In this market, ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC) are used as a filler in paper, plastic, coatings, rubber, and adhesives and sealants. According to the report, the demand for GCC will remain the largest segment during the forecast period. PPC is expected to witness the highest growth during the forecast period, supported by increasing penetration and its attractive properties of high brightness, purity, and absorption level.
Within the calcium carbonate market, the paper segment is expected to remain as the largest market by value and volume consumption. Growth of the packaging and tissue paper markets is expected to spur growth for this segment over the forecast period due to the rise in hygiene awareness and changing lifestyle.
Asia-Pacific is expected to remain the largest market due to higher production of paper and plastics in China and India. North America and Europe are expected to witness good growth over the forecast period due to growth in the paper, plastic, and coatings demand.
Emerging trends that have a direct impact on the dynamics of the industry include growing consumption of nano-precipitated calcium carbonate and the emergence of green applications. Omya (Switzerland), Imerys (France), Mineral Technologies (U.S.), Solvay (Belgium), and Nordkalk (Finland) are among the major suppliers of calcium carbonate.
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