Calcium Carbonate Market Size to Grow at a CAGR of 4.49% during the forecast period to 2035by Ganesh Kumar SEO Specialist
According to the ChemAnalyst report, “Global Calcium Carbonate Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Foreign Trade, 2015-2035”, The Calcium Carbonate market is likely to experience a significant increase by reaching 16150 thousand tonnes in 2035, at a CAGR of 4.49% in the upcoming years. The demand for Calcium Carbonate will undoubtedly grow in the forthcoming years because of the rising demand from end-use industries such as Paper and Pulp, Paint & Coating, etc. Calcium Carbonate is a whitening and brightening agent, making it a widely used product in the paper industry, increasing the demand for Calcium Carbonate globally.
As of 2021, the production capacity of Calcium Carbonate is approximately 8765 thousand tonnes. It is mainly obtained from mining or quarrying and is used further as a popular chemical for different industries. Different grades of Calcium carbonate are for various industries.
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Moreover, globally, the rise in demand for Calcium Carbonate is probably due to its inherent properties. Calcium Carbonate is used in construction, painting & Coatings, Pulp & paper, chemical Industry, etc.
The Calcium Carbonate market is segmented based on end-use, sales channel, and region. Due to its increasing applications, Calcium Carbonate is likely to have a strong position in the market in the forecast years.
Based on end-uses, the Calcium Carbonate market is segregated into industries such as Paper and Pulp, Paints & Coatings, Construction, Plastic, and others. The Paper and Pulp industry dominates the Calcium Carbonate market around the globe. It will likely stay the most significant end-user industry during the forecast period, owing to its high demand.
The Asia Pacific is the leading consumer of Calcium Carbonate among all other regions, and this anticipates that it will continue to maintain its dominance during the forecast period. Due to the growing demand for Calcium Carbonate in the Paper and Pulp industry, this demand is expected to rise further. Currently, Belgium is the leading producer of Calcium Carbonate. This European region is expected to grow production as per the rising demands.
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“Global Calcium Carbonate Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Foreign Trade, 2015-2035”, the significant players functional in the Calcium Carbonate market include Global Calcium Carbonate are Minerals Technologies Inc., United States Lime & Minerals, Inc., Omya, Imerys S.A., Saudi Carbonate Co. Ltd., Manaseer Group, and others.
“The rapidly increasing demand for Calcium Carbonate is due to the whitening, brightening and light scattering properties used in Paper and Pulp industry coupled with growing demand from Paint and Coating industry. This is expected to boost its market in the forecast period until 2035. In the next years, the market for Calcium Carbonate will develop because of steadily rising demand in the Asia Pacific region where the Paper and pulp industry holds more than 50% of the market with China being the largest manufacturer “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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Created on Nov 1st 2022 05:46. Viewed 101 times.