The global calcium market is anticipated to witness sizeable growth over the forecast period owing to its applications ranging from production of alloys and metals to cement, mortar, and glass. The industry comprises Calcium Chloride, Propionate, Silicate, and Carbonate. Calcium Chloride market is expected to grow at a CAGR of more than 5% while Calcium Carbonate is estimated to witness a growth of above 6% over the next seven years. Calcium Propionate may grow at a CAGR of over 6% over the next few years.
Development of the industrial sector is anticipated to increase demand for building construction which is also expected to drive the overall growth over the next few years. Further, rising demand for building materials owing to the growing population in developed as well as emerging countries may fuel product demand. Calcium has numerous forms and can be used as a decarbonizing, deoxidizing, reducing, desulfurizing agent for applications including production of cement and motor, as a coagulator during cheese production; as a catalyst in the manufacturing of aluminum alloys, magnesium, copper, lead, and beryllium. The calcium industry is poised for growth over the next seven years owing to the factors mentioned above.
Calcium Carbonate is expected to witness the highest demand in the calcium market. Growth in the Calcium Carbonate market is primarily driven by increasing demand for nano-calcium carbonate particularly used in rubber and plastic, drug, and paints industry. Calcium carbonate is gradually replacing kaolin, thereby increasing its share in the paper industry. It is further expected to expand with the growth in demand for bioplastics in the plastic industry, intense demand for anti-smudge, and waterproof paper. Calcium Carbonate also finds applications in pharmaceutical, ink, cosmetics, and food industry.
Calcium propionate market, on the other hand, is being driven by the necessity for preserved food. It functions as an anti-microbial agent which enhances the shelf life of food products. It is therefore utilized in the preparation of bakery items, dairy products, animal feed sauces, and meat products. It also finds application in processed food and lifestyle products. The demand is primarily led by the growth in urbanization and magnifying disposable income specifically in the emerging economies. Asia Pacific is anticipated to be the fastest-growing region closely followed by Latin America and the Middle East.
Calcium silicate market is also thriving primarily because of its application in the food and beverage industry. It works as an anti-caking agent and is further used in the production of plastics, coating, roof, and pharma products. It is utilized in applications including roads, bricks, insulation, and cement. Calcium silicate finds extensive application usage in the housing and construction sector. Growth in the construction industry coupled with increasing government spending on infrastructure development may further expand the Calcium Silicate revenue share over the coming years. However, availability concerns paired with volatility in the price of raw material may pose a challenge for growth.
Extensive use of Calcium Chloride in the construction, medicine, food, gas, and oil sector may escalate product demand significantly. It is employed in cold regions owing to its ability to reduce the freezing point of water. Thus, it is also used as a deicing agent as it helps minimize the accident figure during or after heavy snowing. It is also used to control the hardness of water by adjusting the pH level. Further, it can be used to control dust, to fasten the process of initially starting construction. North America is the biggest consumer market for calcium chloride and it continues to grow at a significant pace.
The calcium market can be segmented by various parameters such as applications, compounds, and end-users. Asia Pacific is anticipated to emerge as the fastest-growing region, particularly for Calcium Carbonate. China’s growth in the paper industry is further expected to increase the regional revenue share.
Notable companies include Maruo Calcium Co. Ltd., Schaefer Kalk GMBH, Okutama Kogyo Co. Ltd., Solvay S.A., Huber Engineered Materials, Excalibar Minerals LLC, Omya AG, Imerys, Mississippi Lime Company, Shiraishi Kogyo Kaisha, Ltd., Minerals Technologies Inc.
This report has a service guarantee. We stand by our report quality.
We are in compliance with GDPR & CCPR norms. All interactions are confidential.
Design an exclusive study to serve your research needs.
Get your queries resolved from an industry expert.
"The quality of research they have done for us has been excellent..."
The prevalence of COVID-19 has led to decreased utilization rates of refineries across the globe, resulting in supply shortages for various end-use sectors. The health crisis has, on a different note, has led to a sudden spike in demand for olefins which find usage in the formulation of sanitizers and other cleaning products. The report will account for Covid19 as a key market contributor.