September 24th, 2022
The Calcite Market is anticipated to expand at a remarkable CAGR during the forecast period (2020-2027).
The factors driving the growth of Calcite Market includes increasing application of Calcite ore in Agriculture and Paints & Coatings industries, rapid growth in the construction activities around the world, reduction in the particle sizes and rising consumer preference for calcite over acid paper. According to the report published by Statista, the Global Construction Market was estimated around USD 6.4 trillion in 2020 and is projected to reach USD 14.4 trillion by the end of 2030, which is expected to boost the Calcite Market size in the approaching years. Moreover, innovation in manufacturing processes, rise in the demand for marble, increasing Government expenditure on building new houses and rapid growth in the number of infrastructure projects are some of the additional factors supplementing the market growth. As per IBEF, the Government of Indian has allocated USD 750 billion expanding the railway network in India, which will boost the market growth in India in the upcoming years.
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However, the growth of Calcite Market is hindered attributed to high cost of transportation and slow pace of development of infrastructure projects.
The major players operating in the market are Nordkalk Corporation, Wolkem India LTD., Sibelco, Omya AG, Minerals Technologies Inc., Huber Engineered Materials, Esen Mikronize Maden, Mississippi Lime Company, Gulshan Polyols LTD., and Imerys S.A., among others.
Type – Segment Analysis
Based on Type, the Ground Calcium Carbonate (GCC) segment is estimated to expand at a significant CAGR over the forecast period because the Ground Calcium Carbonate (GCC) is comparatively less expensive than Precipitated Calcium Carbonate (PCC).
Application – Segment Analysis
Based on Application, the Paper segment is anticipated to grow at a robust CAGR during the forecast period. The calcite improves the whiteness, printability and opacity of paper and pulp and are extensively used as coating pigment in the paper industry, are the major factors responsible for the growth of the segment.
Regional – Segment Analysis
Based on Region, the Asia-Pacific region is projected to capture a sizeable market share over the forecast period. Rapid growth in the construction industry, rise in Government’s expenditure on infrastructure projects, Foreign Direct Investments (FDI) inflows in the manufacturing sector, increase in Automotive sales and high population density, are some of the important factors propelling the market growth in Asia-Pacific
Global Calcite Market by Type
Ground Calcium Carbonate (GCC)
Precipitated Calcium Carbonate (PCC)
Global Calcite Market by Application
Paints & Coatings
Adhesives & Sealants
Global Calcite Market by Region
Rest of APAC
North AmericaUnited States of America
Rest of Europe
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