Calcium carbonate market is expected to witness tremendous growth on account of its increasing use in numerous applications such as paper, plastic and concrete. Apart from being used in construction, paper and plastic, calcium carbonate is also used as a dietary supplement, additive for thermoplastics such as PVC, and in metalloid mineral applications. Use of calcium carbonate by the paper industry has grown significantly in recent years, in part reflecting an overall increase in paper production. Growth of the paper industry is expected to be a key driver for market growth over the next few years. In addition, rising construction activities, particularly in Asia Pacific, is expected to augment calcium carbonate market growth. Moreover, changing lifestyle and growing hygiene awareness has led to increase in the consumption of papers; especially tissues and packaging paper which in turn is expected to fuel the growth of paper industry and fuel consumption of calcium carbonate in next five years. Calcium carbonate is an inorganic mineral that is used as commercial and industrial filler in paper and plastic industries as it allows paper to be smooth and bright, with good printing properties. However, papers coated with calcium carbonate may create problems during production as adhesives do not stay on these papers. Moreover, excessive calcium carbonate consumption is harmful to human health. This factor is also expected to play as a hindering growth factor for the market. R&D in manufacturing of synthetic calcium carbonate to tap into prospective markets of Latin America and Asia Pacific provide great opportunities for market growth in forecast period.
Asia Pacific is expected to develop enormously in the calcium carbonate market fueled by the significant rise in number of paper mills and growth of the plastic sector over the next few years. Asia Pacific is anticipated to be the fastest growing market, especially in China and India, on account of rapid industrial growth over the forecast period. Economically developed regions such as Europe and North America are anticipated to experience sluggish growth due to closure of paper mills.
Key players in the calcium carbonate industry include Minerals Technologies, Imerys, Omya, Excalibar Minerals, Okutama Kogyo Co., Huber Engineered Materials, Solvay, Mississippi Lime Company and Great Lakes Calcium Corporation.
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