Global Calcium Carbonate Market is projected to grow at a notable CAGR
Knowledge Sourcing Intelligence announces the publication of a new report on “Global Calcium Carbonate Market – Forecasts from 2020 to 2025” to their offering.
The broad range of industrial applications Viz. ingredient in cement, primary substance for building materials, purification of iron ore, drilling fluid additive in the oil industry, as well as wide pharmaceutical, food and agricultural applications among others that result in healthy market growth.
As per the report, the global market pertaining to calcium carbonate had an estimated market value of USD3.583 billion in 2019
There have been significant developments during the past few years which underscores the instrumentality of calcium carbonate hence the economic importance of the mineral. A few of the developments are being stated below.
October 2020 – Distribution Partnership
Huber Carbonates, LLC a company that produces calcium carbonate in 3 plants in the USA and which is a subsidiary of a global business engaged in engineered specialty ingredients that improve the appeal, performance, and processing of a wide spectrum of products that are utilized in agricultural, consumer and industrial applications called Huber Engineered Materials (HEM) based in Atlanta, Georgia (US) which itself is a part of a portfolio of businesses of M. Huber Corporation, headquartered in Edison, New Jersey (US) has announced new distribution partnership for its Ground Calcium Carbonate (GCC) business, in North America. Under this partnership 4 distributors located in western, southeast through Texas, northeastern, midwestern parts of the USA will represent GCC product produced by HEM intended for non-rubber industrial applications Viz. stuccos, sealants, plastics, paints and coatings, mortars, inks, grouts, caulks, and adhesives.
July 2020 – Production Capacity Expansion
The calcium carbonate production plant of Omya AG located in Orgon, Provence, France, from where the company sources natural limestone to manufacture its products, was reconstructed to enable a substantially higher production capacity to facilitate a platform for its functionalized calcium carbonate products along with a new packaging line and an on-site warehouse. The facility is recognized to produce the company’s mineral grades intended for pharmaceutical, nutraceutical, food, and cosmetic applications.
July 2020 – Agreement
Minerals Technologies Inc. (NYSE: MTX) (MTI), which is a world-renowned resourced and technology-based company that is known to develop, produce and market a wide variety of mineral, specialty mineral, synthetic mineral-based products, and related systems and services catering to the steel, polymer, paper, foundry, environmental, energy, consumer products, and construction industries announced the signing of an agreement with Phoenix Paper LLC a subsidiary of Shanying International Holdings Co Ltd (SHA: 600567), a company that is based out of China and aspires to enter the North America paper market, to facilitate the restoration of its satellite precipitated calcium carbonate (PCC) plant that has the capacity of producing 35,000 ton per year located at Wickliffe, Kentucky.
May 2020 – Agreement
The announcement of an agreement to build a satellite PCC plant with a production capacity of 42,000 metric tons per year between MTI and Satia Industries Limited was made which entails the construction of the aforementioned at the latter’s paper mill located in Sri Muktsar Sahib, Punjab. India. The plant is scheduled to be operationalized during the 2nd quarter of 2021.
May 2020 – Memorandum of Understanding
An MoU was signed between a petroleum and refinery company headquartered in Seosan, South Korea called Hyundai Oilbank and a domestic manufacturer and distributor of lime Taekyung BK Co Ltd (KRX: 014580) to commercialize the eco-friendly technology which facilitates calcium carbonate production from greenhouse gas emissions and residual products from refineries.
August 2019 – Acquisition Completion
St. Louis, Missouri headquartered Mississippi Lime Company which is a globally renowned supplier of high-calcium lime products and technical solutions. had announced the completion of the acquisition of Calera, Alabama lime processing facility of a leading provider of mineral-based and material solutions for the Industrial and Energy markets called Covia (NYSE: CVIA). The facility is known to provide high-calcium quicklime and hydrated lime products to customers in the Southeastern U.S., and across a range of end uses and applications, increasing the former’s production facilities to 9 locations, among others.
As a part of the report, the major players operating in the global calcium carbonate market, which have been covered are Solvay, Sibelco, Omya AG, Mississippi Lime Company, Minerals Technologies Inc., Mewar Microns, Maruo Calcium Co., Ltd., Lime Chemicals Ltd., Imerys, Huber Engineered Materials (part of J.M. Huber Corporation), Excalibar Minerals (Newpark Resources Inc.), Chu Shin Chemical Corporation Limited, Carmeuse Coordination Center SA, Calcinor and ACCM.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-calcium-carbonate-market
This report segmented the global calcium carbonate market on the basis following terms
By Commercial Grade
- Precipitated Calcium Carbonate (PCC)
- Ground Calcium Carbonate (GCC)
By Industrial Application
- Construction Materials
- Food & Pharmaceutical Products
Middle East and Africa
- Saudi Arabia
- North America
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