CALCITE MARKET TO REACH US$ 23 BN BY 2028-END, AS GROWING ADOPTION IN CONSTRUCTION SECTOR CREATES OPPORTUNITIES

Sales of calcite have witnessed utter proliferation in recent time, in line with the growing demand from paper and pulp sector wherein calcite is highly adopted as a coating and filler material. According to Transparency Market Research analysis, global calcite market is anticipated to register 4.7% CAGR during the study period 2018–2028.

The TMR report opines that demand for calcite is highly driven by its significant properties that are paving way for its wide applications in end-use industries, such as F&B, pharmaceuticals, personal care, and pharmaceutical among others. This growing uptake in diverse arenas is likely to stimulate growth of calcite market. Additionally, as per the TMR study, calcite continues to witness immense consumption in the manufacture of sealants, adhesive, plastics, and polymers, which is also driving the growth of the calcite market.

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According to the study, demand for paints, coatings & cement has been growing at a steady clip, especially in developing countries. The sustained growth in the automotive industry in these developing regions has been a key catalyst for growing demand for paints, coatings, and cement. According to the study, these broader factors are likely to provide an impetus to the growth of calcite market during the forecast period.

The TMR report opines that the worldwide calcite market is witnessing a proliferation of local manufacturers. Further, the regional markets are mainly driven by the local manufactures who have been engaging in selling calcite to domestic end-users only. With the competition in calcite market on rise, calcite manufacturers are prioritizing development of novel offerings and product lines, while participating in lasting collaborations and mergers with calcite end users. According to TMR analysis, the leading market players are increasingly focusing on developing countries and regions, such as India, China, ASEAN, and Latin America to grow their consumer base.

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China Holds Pole Position in Calcite Market, India to Expand at Highest CAGR

China continues to be one of the leading markets for calcite sales globally. The TMR study expects China calcite market to accelerate at 5% CAGR during 2018-2028. The growth of calcite market in China can be accredited to the abundant calcite mineral resources in the region. According to the study, PCC remains a lucrative segment, holding a significant share in the China calcite market. However, in China most of the demand is met by domestic calcite manufacturers, leading to limited opportunities for multinational companies.

The report opines that India is envisaged to grow at highest CAGR during the study period, owing to the increasing production of plastics and polymers in the country. Additionally, the expanding Indian population has set up the foundation for growth of construction sector, which is likely to augur well for the prospects of calcite manufacturers. The TMR study indicates that bulk of calcite demand in India is met by calcite manufacturers from other parts of the world, including MEA and South East Asia.

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Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

The global wood coatings market features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

TMR projects the global anthocyanin market to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...

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