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, 2020 - 2025

Industry Insights

The global nano calcium carbonate market was valued at USD 6.53 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 9.2% from 2020 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.

Nano Calcium Carbonate Market Trends

Nano calcium carbonate refers to precipitated calcium carbonate with particle size ranging from 0 to 150 nanometer. Nano calcium carbonate is used in paint, rubber, and plastics industries owing to its chemical and physical properties. The growth of plastics industry is one of the key factors driving the market. Plastics have wide penetration among automotive and building & construction applications. Manufacturers in plastics industry have developed different types of polymers that have successfully replaced traditional materials such as metal, wood, and glass in aforementioned applications. Nano calcium carbonate helps to improve the impact strength, finish, thermal conductivity, and Young’s modulus of the plastic used in automotive and building & construction applications

Increasing utilization of plastics and rubber in automotive sector along with rising R&D activities to develop new products is projected to propel the demand for nano calcium carbonate. Nano calcium carbonate products are used as fillers in the plastics and rubber manufacturing, these plastics (condensers, cable insulation, chemical tanks) and rubber (tires, floor mats, seals) finished products are largely employed in the manufacturing of automobiles.

The thermal and mechanical properties of composite structures in rubber can be improved with the help of different types of fillers. Micron size fillers tend to reduce impact resistance, strength, and processability in rubber composites, while nano size fillers enhance the toughness, strength, modulus, and resistance in these composites. Thus, the demand for nano calcium carbonate is projected to ascend over the coming years owing to its ability to improve the mechanical properties of rubber and result in superior performance of nanocomposites over micro-composites

Nano calcium carbonate is an essential raw material used in the formulation of adhesives and sealants. Rise in infrastructure spending in the emerging economies is one of the major reasons driving the construction sector. Decrease in interest rates help in affordable housing for low- and middle-income population. This lowering of interest rates in various countries is expected to benefit the demand for adhesives and sealants in construction industry over the coming years

Limestone is one of the key materials required for the manufacturing of nano calcium carbonate. Rising scrutiny pertaining to the mining activities especially in the developed countries is likely to affect the market growth of nano calcium carbonate over the coming years. In various parts of the U.S., the deposits of marine limestone are over 300 years old. These deposits have 95% of the chemical grade of calcium carbonate. The cost of limestone is dependent on the distance of transportation and shipping by trucks is cheaper as compared to shipping by rail or water.

Application Insights

Plastics application dominated the global industry accounting for 36.7% of the global revenue share in 2019. 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

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.

Asia Pacific is recognized as the largest and fastest growing market for nano calcium carbonate market and dominated the global market with a share of 48% in 2018. Asia Pacific has developed itself as a rubber hub owing to a number of expansions and new projects for rubber products in recent years. As per the statistics provided by Rubber Asia, the region accounts for more than 60% of global synthetic rubber production and accounts for nearly 60% in terms of consumption globally. China is likely to remain a leading producer and consumer of rubber-related products in the region over the coming years. The global economic development has pushed more people in the middle-class segment in emerging countries. These factors are, therefore, projected to assist in the growth of Asia Pacific’s rubber industry and in turn drive the market for nano calcium carbonate in Asia Pacific.

In China, a large portion of the demand for rubber comes from the automotive sector for use in tires. Demand for tires is likely to slow down in the coming years due to the absence of policies. In addition, China-U.S. trade war may create uncertainties in the regional rubber market as demand from the U.S. might get hampered due to the tariffs imposed by the existing U.S. government. Also, many producers of synthetic rubber are anticipated to complete the installation of new environmental equipment after 2018. This can create short-term challenges in the local market as it can lower the supply of synthetic rubber for short term.

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.

The U.S. is one of the key importers of different products from China. In September 2018, U.S. president Donald Trump-imposed tariffs on Chinese goods worth USD 200 billion. These Chinese goods included plastics and rubber products among 2,000 other products. From January 2019, the U.S. announced a 25% tariff rate on these Chinese goods. This is projected to have an impact on the local market and the prices of goods may observe an increasing trend over the coming years. Rubber and plastics being major applications of nano calcium carbonate, change in the trade policy can have adverse effect on demand on the nano calcium carbonate market.

Also, these countries have witnessed a positive trend in new construction activities which includes development of new houses, offices and manufacturing plants. Ascending demand for plastics for automotive and construction applications from the emerging economies such as India and China coupled with increasing population are the major factors driving plastics industry. This, in turn, is anticipated to assist the growth of nano calcium carbonate market.

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.

Nano Calcium Carbonate Market 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)