Global Calcite Market Expected to Worth USD 16.5 Billion By 2028, at 6.2% CAGR

17-May-2022 | Facts and Factors

According to the Facts & Factors report, the global calcite market was worth about 11.2 (USD billion) in 2021 and is predicted to grow to around 16.5 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 6.2%.

Calcite is a mineral that is found in rocks. It is widely distributed and can be found in metamorphic, sedimentary, and igneous rocks all over the world. Calcite is the most abundant mineral in limestone and marble. These rocks are pretty common and can be found in large quantities in the Earth's crust. Globally, the calcite market is divided into two segments: ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC).

Browse the full “Calcite Market By Type (Precipitated Calcium Carbonate, Ground Calcium Carbonate), By Application (Adhesives & Sealants, Plastics, Construction, Paints & Coatings, Paper, and Others), and By Region - Global Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast Report 2022 – 2028"  report at https://www.fnfresearch.com/calcite-market

The increasing demand for calcite as a substitute for talc and kaolin will have an impact on global calcite market growth from 2022 to 2028. Calcite's favorable chemical properties, cost-effectiveness, rising demand from the plastics & paper industries, and advancements in polymer & plastics manufacturing are some of the factors expected to drive the growth of the calcite market. On the other hand, the rise in significant potential applications will enhance various opportunities, promoting the development of the industry during the forecast period. High transportation costs, slow neutralization action, and increasing water hardness will impede the growth from 2022 to 2028. The shrinking paper industry is highly urbanized countries due to rising digitization will pose a threat to the global calcite market's growth.

The global calcite market is segmented on the basis of type, application, and region. By type, the market is divided into precipitated calcium carbonate and ground calcium carbonate. The segment of ground calcium carbonate is expected to have the largest market share. By application, the market is divided into adhesives & sealants, plastics, construction, paints & coatings, paper, and others. Paper is expected to have the highest CAGR during the forecasted period.

The Asia Pacific is the largest calcite consumer, and it is expected to grow at the fastest CAGR during the forecast period. The massive market size is contributed to calcite manufacturing expansion and growing preference from the plastics and paper industries in Japan, China, and India, among other places. Furthermore, low labor costs, easy access to raw materials, and other factors contribute to the region's market growth.

Report Scope

Some of the key global calcite market players are Carmeuse Lime & Stone Company, Gulshan Polyols Ltd., Greer Limestone Company, Blue Mountain Minerals, LafargeHolcim, Mineral Technologies, GLC Minerals, LLC, Imerys, Carmeuse, The National Lime & Stone Company, NALC, LLC, United States Lime & Minerals, Inc., AGSCO Corp., J.M. Huber Corp., Mississippi Lime, Omya, GCCP Resources, Midwest Calcium Carbonates, Mountain Materials, Inc., Parchem Fine & Specialty Chemicals, and ILC Resources.

Recent Development

• April 2021: Minerals Technologies entered into an agreement with Baiyun Paper to increase its manufacturing capacity and expand into new markets.
• February 2020: Omya International AG and Idwala Industrial Holdings Ltd. founded the "Omya Idwala SA" joint venture in South Africa. The joint project will have access to a diverse portfolio of high-quality calcium carbonate and specialty chemical products.

The global calcite market is segmented as follows;

By Type

• Precipitated Calcium Carbonate
• Ground Calcium Carbonate

By Application

• Adhesives & Sealants
• Plastics
• Construction
• Paints & Coatings
• Paper
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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