Nano Calcium Carbonate Market Size, Share & Trends Analysis By Application (Plastics, Rubber, Building & Construction), By Region (North America, Europe, Asia Pacific, Rest of the World), And Segment Forecasts, 2019 - 2025

Industry Insights

The global nano calcium carbonate market was valued at USD 3,318.9 million in 2018 and is expected to witness a CAGR of 8.9% from 2019 to 2025. The plastics industry is one of the key growth drivers boosting the demand for the product. The steady growth of the plastic sector specifically from the Asia Pacific region is anticipated to positively influence the demand for the product.

Currently, the global plastics industry is highly dependent on additives, fillers, and reinforcements to enhance the properties of the final product. Nano calcium carbonate is used as a filler in polymeric materials to improve their impact resistance. Nano calcium carbonate finds wide-scale application in urethanes, plastisols, polysulfides, silicones, polypropylene, and PVC. The emergence of new industrial applications of the product has led to significant growth in the market.

The product is widely used as a raw material for the manufacturing of cement, adhesives, and sealants. The growth of the construction sector in the U.S. is a key factor contributing to the rising demand for nano calcium carbonate.

According to the U.S. Census Bureau, the total construction spending (residential and non-residential) in 2018 accounted for USD 1,293.9 billion, an increase of 3.7% as compared to the previous year. In 2018, residential and non-residential construction spending witnessed a growth of 2.6% and 4.4% respectively as compared to the previous year.

Therefore, steady growth in construction spending is a key factor driving the demand for construction materials like cement, adhesives, and sealants. The increasing consumption of these aforementioned construction materials is likely to positively influence the nano calcium carbonate market in the U.S. over the forecast period.

Application Insights

Plastics application dominated the global industry accounting for 34.2% of the global revenue share in 2018. The product is widely utilized in PVC and polypropylene products to improve physical properties. In terms of revenue, the PVC industry is likely to grow at a CAGR of nearly 3.0% from 2019 to 2025. Thereby, aiding growth of nano calcium carbonate industry.

In the rubber industry, nano calcium carbonate is employed in chloroprene rubber, styrene-butadiene rubber (SBR), and acrylonitrile-butadiene rubber. The addition of nano calcium carbonate in such products helps to improve dimensional stability, toughness, and stiffness and to reduce the production cost. Rubber is widely utilized in tires, tubes, auto components, wires, cables, belts, footwear, and pharmaceuticals.

In the building & construction industry, the application of nanoparticles of calcium carbonate in cement composites helps enhance their durability and mechanical properties. The nanoparticles also help in enhancing cement hydration through chemical and nucleation effects. Also, nano calcium carbonate plays a vital role in the formulation of adhesives & sealants and is used as a modifier in formulations such as polysulphide, epoxy, and MS polymers.

Regional Insights

In terms of revenue, North America was the third-largest market in 2018 and is expected to ascend at a CAGR of 8.7% from 2019 to 2025. The establishment of government regulations in North America regarding optimizing the fuel efficiency of automobiles has resulted in a significant demand for lightweight components. This has further led to an increase in the demand for plastics as they help to reduce vehicle weight.

Europe accounted for 21.8% of the volume share in 2018. In the European automotive industry, the use of plastics in combination with other composite metals has been witnessing an increase in the last few years. According to the CBI Ministry of Foreign Affairs, Europe imports plastics worth over USD 10 billion annually.

The Asia Pacific is the largest consumer of nano calcium carbonate products and accounted for more than 50% of market share in 2018. It is also projected to grow at the highest CAGR during the forecast period. Increasing income levels has resulted in the growth of the middle-class population in the region. This has resulted in increased construction output and growth of the automotive industry in the region. Growth in these application industries is likely to augment the utilization of nano calcium carbonate in the region.

Nano calcium carbonate market share insights

Some of the key manufacturers include Mineral Technologies Inc., Imerys, and Omya AG. The market is fragmented in nature and the majority of the small & medium producers are situated in China. Major players are focused on catering to the demand from specific applications.

Other industry vendors include Chu Shin Chemical Co., Ltd, Enping Yueyi Chemistry Industry Co., Ltd, Fujian Sanmu Nano Calcium Carbonate Co., Ltd, Guangdong Qiangda New Materials Technology Co., Ltd, Nanomaterials Technology Co., Ltd., Shanghai Yaohua Nano-Tech Co., Ltd, Hebei Lixin Chemistry Co., Ltd. and Yuncheng Chemical Industrial Co., Ltd.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global and regional levels and provides an analysis of the industry trends in each of the submarkets from 2014 to 2025. For this study, Grand View Research has segmented the nano calcium carbonate market report based on application and region:

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • Plastics

  • Rubber

  • Building & construction

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • India

  • Central and South America

    • Brazil

  • Middle East & Africa (MEA)