The global calcium carbonate market is projected to surge at a notable CAGR over the forecast period with an estimated value of USD3.583 billion in 2019.
Calcium carbonate is a versatile chemical found in the earth’s crust. The most common forms of calcium carbonate include limestone, chalk, dolomite, and marble. The market is projected to grow at a significant pace during the forecast period owing to its numerous industrial applications. The chemical material is extracted through mining or quarrying activities round the globe. Potential industrial applications include construction materials, food additives and pharmaceuticals, and other applications. The growing pharmaceutical industry is contributing to the surging of market demand during the forecast period. The growing food industry is propelling the market growth in the forecast period. The growing construction activities worldwide due to the growing urbanization and industrialization, particularly in the developing economies of the world, are propagating the market growth during the forecast period. On the basis of geography, the Asia Pacific region is predicted to hold a substantial market share. The study provides an in-depth analysis of other regions as well. These include North America, South America, Europe, and the Middle East and Africa region. The novel coronavirus pandemic scenario is predicted to affect the market growth in 2020 owing to the forced shut-down of manufacturing operations of many end-use industries. Also, the supply-chain disruptions of raw materials have further contributed to put an impact on the market growth amid the COVID-19 crisis in comparison to the pre-COVID-19 situation. The downfall of the paper industry due to growing digitization is predicted to hamper the market growth during the forecast period.
The surging digitization worldwide has led to a decrease in the growth of the paper industry, this factor is predicted to put an impact on impeding the global calcium carbonate market growth in the forecast period.
The market is predicted to decline owing to the immense growth and advancement in the adoption of businesses that utilize internet. The growth of e-retailing or e-commerce has further surged with the growing internet penetration worldwide along with the adoption of electronic mobile devices. This has put an impact on the decline in paper usage, further restricting the market growth during the forecast period.
As per the International Telecommunication Union estimates, in 2019, percentage of individuals utilizing internet in Europe account for 82.5%, the Americas region accounted for 77.2%, the Asia & Pacific region accounted for internet usage with 48.4%. On the other hand, percentage of people utilizing internet in the other regions of the world include the Arab states with 51.6%, and Africa accounted for 28.2%. On an average, the percentage of individuals that are online in the world accounted for 53.6% in 2019.
The rising labor costs in the paper industry that add to cost of production has also put an impact on hampering the market growth during the forecast period. Thus, encouraging businesses to adopt the online mode. There are concerns related to deforestation for the production of pulp and paper, hence, individuals are moving on to adopt e-platform for communication so as to save trees, further impacting the market growth in the forecast period. For example, shifting focus on the utilization of digital media for the promotion of their products and gaining traction is growing popularity. The growing use of digital signage for political campaigns is also contributing to the adoption of paperless communication, further impacting the market growth during the forecast period.
The penetration of paperless operations in almost all the government departments and financial sector that include bank transactions is gaining grounds. These departments have switched to electronic data owing to the increased convenience in data accessibility, retrievability, speed, and security. Hence, such factors are causing the paper industry to decline at a significant pace in the forecast period. Additionally, it has been observed that paper prices are declining and there is a transformation of graphic mills that print newspapers, magazines, or books into packaging paper mills.
Presence of companies worldwide are contributing to surging the market growth in order to fulfill the end-use industrial sector demands.
Solvay, deals in the production of high purity calcium carbonate. The product has very low percentage of iron, alkaline elements for the electrical and optical manufacturing organizations. The other product, calcium carbonate high purity is a precipitated calcium carbonate having controlled particle size and shape. The product has a very low level of impurities of the alkaline and alkaline earth metals.
The material is extensively utilized by the electronic industry in the from of dopant for the production of barium titanates for MLCCs (multi-layer ceramic capacitor) and PTC (positive temperature coefficient) devices. Also, it is utilized in the production of calcium zirconate in addition to the optical industry for the production of special glass.
A Japan-based manufacturer, Maruo Calcium, manufactures varied types of calcium carbonate among other industrial raw materials. The product portfolio includes light calcium carbonates, varied types of ground calcium carbonates, varied types of colloidal calcium carbonates. Other products include food-additives, animal-feeds, hydrated lime, quicklime, wet silica, and varied kinds of minerals that include talc, clay, and silica powder.
Minerals Technologies Inc., a public company based in New York is a resource and technology-based company. It is a global pioneer in the manufacturing, production, and marketing of a diverse range of specialty mineral, mineral-based, and synthetic mineral products, in addition to other associated systems and services. Among the four notable segments, namely, performance minerals, specialty minerals, refractories, and energy services, the specialty minerals category deals in the production and sales of the synthetic mineral product, PCC. Also, the company deals in the mining of ores and processes, and sells natural mineral commodities. The primary ones include limestone and talc. This category products are further utilized in paper production, building materials, paints and coatings, glass, ceramic, polymer, food, automotive, and pharmaceuticals.
Huber Engineered Materials, a global pioneer in the industrial chemical manufacturing. The company is aimed towards the creation, development, and the manufacturing of superior engineered specialty ingredients. These ingredients are utilized in industrial, agriculture, and consumer-based end-use industries. The inorganic chemical expertise has further led to the production of industrial, food grade, and USP calcium carbonate among others.
Significant developments in the global calcium carbonate market will further propagate the market growth during the forecast period.
In 2019, Imerys announced the completion of its acquisition of some assets of the company, EDK. EDK is a pioneer in the production of ground calcium carbonates in Brazil. The deal includes the acquisition of the following assets. These involve three operating plants and 100 employees, further generating an annual revenue of BRL 65 million by the end of 2018. The deal helped the company to widen its footprint in South American region, further bolstering its product portfolio for applications in paint and coatings. This operation is set to soar the company, Imerys, revenue in Brazil to 140 million euros.
In 2019, Minerals Technologies declared the completion of the installation and deployment of ENVIROFIL® PCC at the UPM paper mill in Germany. This is the company’s first commercial deployment of ENVIROFIL® PCC. This further follows the comprehensive collaboration with UPM. UPM delivers renewable and responsible solutions in six business areas including biorefining, energy, raflatac, specialty papers, communication papers, and plywood.
The novel recycling technology, ENVIROFIL® PCC, helps in allowing papermakers for recovering mineral pigments from deinking residue. This is further achieved by the conversion of these raw materials to ENVIROFIL® PCC. The process has proved to be beneficial in the improvement of waste paper yield, alleviating solid waste disposal costs, and in the reduction of the environmental impact of the de-inking process.
Omya announced, in 2020, the rebuilding and expansion of its calcium carbonate production plant in France. This has further led to the creation of substantially higher capacity for the company’s calcium carbonate product platform. Additionally, this involves a novel packaging line, and an on-site warehouse. The production unit deals in the production of mineral grades for food, cosmetic, nutraceutical, and pharmaceutical applications. The company further manufactures commodities from natural limestone acquired from Orgon having a very low environmental impact.
In 2020, it was announced that Biesterfeld Spezialchemie is geared to enter into a distribution collaboration with Omya. Omya is a leader in the production of calcium carbonate-based specialties. The partnership is poised to cover the pharmaceutical and nutraceutical industrial sectors. Biesterfeld is ready for distributing the Swiss manufacturer innovative excipients and active ingredients, Calcipur DC, Omyapharm, and Omyapure. Omyapure is a natural calcium carbonate utilized in the form of an active pharmaceutical ingredient. Calcipur DC is a compressible calcium carbonate and is utilized in the nutraceutical sector in the form of an excipient for the manufacturing of tablets. The novel agreement is applicable for Germany and Austria. With the novel distribution agreement, the product portfolio is further set to expand which will include innovative pharmaceutical excipients, and APIs, in addition to the nutraceutical products.