Market Segmentation
Nano calcium carbonate, a key component in the production of adhesives, sealants, paints, and coatings, is primarily used in the construction industry. The growing demand from this industry is expected to stimulate the production of these materials, thereby positively impacting the nano calcium carbonate market in the future. The construction industry’s steady growth, particularly in China, India, and the U.S., is expected to drive the demand for nano calcium carbonate. China, the world’s largest construction market, is projected to grow at an average rate of 5.2% from 2021 to 2029. Despite a slowdown in 2020 due to COVID-19, the Chinese construction market began to recover slowly from May 2020. To mitigate the effects of the pandemic, China initiated a “New Infrastructure” campaign in 2021. Government initiatives in India, such as the Affordable Rental Housing Complex (ARHC) and the National Infrastructure Plan, are fueling the growth of the construction industry in the country. As per the Indian Ministry of Rural Development, 1.51 Crore houses, including over 34 lakh houses built in 2020-2021, have been constructed in India. Therefore, the expansion of the construction industry, especially in the countries, is expected to boost the demand for nano calcium carbonate in the building and construction sector.
Nano calcium carbonate, due to its ability to modify the performance of various materials such as plastics, rubber, sealants, and adhesives, can enhance their impact resistance, weather resistance, toughness, heat resistance, and performance under extreme temperatures. The synthesis of nano calcium carbonate particles with a large surface area is made possible by technological advancements. These particles are then coated with surface modifiers to improve dispersion, leading to better compatibility with a polymer matrix. The use of nano calcium carbonate can reduce the overall volume formulation, thereby lowering the cost of the final product. The rubber industry’s growing demand for nano calcium carbonate, as a cost-effective alternative to carbon black due to its superior chemical properties, is expected to boost the market. Rubber produced with nano calcium carbonate exhibits excellent anti-bending capability, a smooth surface, high tension resistance strength, and high anti-avulsion strength. The expansion of the plastics market is due to the rising demand for plastics in the construction and packaging industries, particularly in China, India, and the U.S. In the construction industry, plastics are used for facade panels, exterior coverings, and carpentry. The construction industry is expected to grow due to the increase in nuclear families and the emphasis on industrial infrastructure, which is likely to increase the use of plastics. These factors are expected to drive the nano calcium carbonate market in the future.
Limestone is a crucial ingredient in the production of nano calcium carbonate. However, the increased scrutiny of mining activities, particularly in developed countries, could potentially hinder the growth of the nano calcium carbonate market in the future. In the U.S., marine limestone deposits, which are over 300 years old, contain 95% of the chemical grade of calcium carbonate. The cost of limestone is influenced by the distance it needs to be transported, with truck shipping being more cost-effective than rail or water transport. Establishing new quarries and plants in the U.S. is a lengthy process. It takes approximately two years to set up a cement plant, and the permission process can take up to a decade or more. These challenges limit the establishment of new quarries, but many companies are still striving to expand and improve their facilities. Most of the mined limestone is used for aggregate or crushed applications, with most of the crushed stone in North America being sourced from limestone. Despite an increase in limestone production in the U.S., the country still imports a significant amount of limestone products from countries such as China, Mexico, and Canada. The increasing distance of transportation affects the prices of the final products. As fuel costs for transportation rise, it impacts the final prices of these products.
This section will provide insights into the contents included in this nano calcium carbonate market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
Company overview
Financial performance
Product benchmarking
Latest strategic developments
Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance