Ground and Precipitated Calcium Carbonate Market: Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2020 - 2030
Global Ground and Precipitated Calcium Carbonate Market: Overview
Set to grow
at a moderate rate over the period 2020 to 2030, the global ground and
precipitated calcium carbonate market is looking at higher valuation and
increased number of opportunities in the coming few years. One of the biggest
factors of growth that are driving the market on a high growth trajectory is
growing demand in end-use industries, particularly in the Asia Pacific region.
Extensively used in construction, demand for these compounds will grow at a
steady pace over the forecast period as constructions volumes witness growth.
Additionally, use in paper products (packaging and hygiene applications) will
also contribute to this growth.
Global Ground and Precipitated Calcium
Carbonate Market: Competitive Landscape
The global ground
and precipitated calcium carbonate market is quite competitive. Players
adopt numerous strategies to chart growth and carve off a higher share of
market. Mergers and Acquisition form key strategy.
2017: In
December of the year, Micro-Ita Indústria e Comércio de Minerais Ltda. a Brazil
was acquired by Imerys to strengthen the latter’s presence in Brazil. It not
only improved its market position but also spurred competition level in the
market.
Top players
in the market include:
·
Solvay S.A.
·
Minerals Technologies Inc.
·
Imerys
·
Huber Engineered Materials
·
SCHAEFER KALK GmbH & Co KG
·
Longcliffe Quarries Ltd
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Global Ground and Precipitated Calcium Carbonate Market: Key
Trends and Drivers
Demand
arising for ground and precipitated calcium carbonate market from rubber and
plastics industries is notable. However, it is pertinent to note here that it
is only one from a slew of trends and drivers, positively impacting growth in
the market. Expansion in automotive industry is also a major growth factor in
the market. A glimpse of some of the prominent ones is provided below:
·
Volumes in construction are growing at a rapid pace as countries
try to provide citizens with ample housing and infrastructural facilities.
Besides, in developing regions of the world, industrialization and urbanization
is contributing to this growth. By 2030, an increase of 85% will be noted in
the world.
·
Population across the world is growing and this is leading to
increase in demand for transportation, housing, etc. This is driving up demand
for ground and precipitated calcium carbonate by driving up demand for
automotive and construction of requisite infrastructure. By 2050, 2 billion
additional people will mark the planet, taking global population up to 9.7
billion. This will propel growth in global ground and precipitated calcium
carbonate market.
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Global Ground and Precipitated Calcium
Carbonate Market: Regional Analysis
Asia Pacific
is set to dominate regional charts in terms of growth in the ground and
precipitated calcium carbonate market. China would be a notable growth
contributor in the region over the forecast period. The reason behind holding a
dominant position is the market is that the region is a major producer of
ground and precipitated calcium carbonate. The region that follows Asia Pacific
in production of these compounds is Europe. Together they hold a sizeable share
of the market. It is significant to note here that in APAC, construction
volumes would be quite high with India and China accounting for a large chunk
of growth in these volumes. By 2030, it is believed that from the overall
increase in construction volumes anticipated, more than half would be accounted
for by India, China, and the United States of America.
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