The global precipitated calcium carbonate market size is likely to gain momentum, owing to the rising product demand in the paper industry during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Precipitated Calcium Carbonate Market, 2023-2030.” The product's availability in variable shapes and sizes depending upon the precipitation conditions, including temperature, concentration, pH, and agitation energy, is likely to uplift the market growth. Its cost-effectiveness, high strength, excellent compatibility, and better bonding with polymeric resins find the best usage in the paper industry, adhesives & sealants industry, plastic industry, and paints & coatings industry.
COVID-19 Impact-
Stringent Government Restrictions to Restrict the Market
The health crisis caused by the emergence of COVID-19 had caused peerless impacts on companies in the precipitated calcium carbonate market growth, unlike other industries. The pandemic had repercussions not only on the interaction between producers and consumers; but also on the environment, disrupting the supply chain. From production end to consumption end across the globe, the health crisis arrested public economy and mobility, subsequently producing a negative impact on the market. However, the adoption of cleaner technologies, owing to rising awareness of environmental resurgence during the pandemic, may increase the sales of precipitated calcium carbonate.
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Segments:
Based on product type, the precipitated calcium carbonate market gets bifurcated into pharmaceutical grade and industrial grade. Based on application, the market gets segregated into PVC pipe, profiles & cable, rubber, sealant & adhesives, paper industry, paint & coating industry, printing ink, pharmaceutical industry, food industry, and cosmetics industry. Finally, by geography, the market gets divided into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.
What does the Report Offer?
The market research report for precipitated calcium carbonate offers integrated information on the key drivers, constraints, and opportunities driving industry growth. The research goes on to generate dominant insights from different market segmentations. Growth drivers, opportunities, challenges, restrictions, and the latest principle developments are among them.
Drivers & Restraints-
Increased Demand in the Paper Industry to Elevate Market Growth
The precipitated calcium carbonate market share is likely to expand due to the paper industry's rising demand. The product gets utilized as filler in the industry, which acts as a strengthening agent, retention agent, and neutral sizing agent for providing superior quality paper, maintaining its particle shape uniformity and narrow particle size distribution. The provision of intrinsic whiteness and brightness helps to enhance the sheet brightness. Contrarily the unawareness of precipitated calcium carbonate may cause hindrance in market growth and the overall demand.
REGIONAL INSIGHTS:
High Usage in Rubber Applications to Prosper the Market in Asia Pacific
Asia Pacific holds the largest precipitated calcium carbonate market, owing to the increasing demand in the pharmaceuticals industry, printing ink, and rubber applications.
North America is predicted to have a sizeable share in the precipitate calcium carbonate market due to the rising industrial-grade acquisition in the food and paper industry.
Competitive Landscape
Higher Investments by Industrialists to Improve Positions
The major players driving the market are making vast investments in different regions to forward refinements in their benefactions. Acquisition of business strategies such as sales contracts, strategic alliances, product approvals, procurement of technical expertise, patents and events, collaborations, joint ventures, partnership agreements are anticipated to lead the global market for the precipitated calcium carbonate.
Industry Development-
- May 2021: Michelman is delighted to declare a new distribution agreement with Omya, a global producer of calcium carbonate and a worldwide distributor of specialty chemicals. Omya will be the absolute distributor for Michelman's surface modifiers and wax emulsion product line to Canada's paints & coating markets.
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List of Key Players Profiled in the Global Market for Precipitate Calcium Carbonate:
- Minerals Technologies
- Omya
- Shiraishi
- Imerys
- Maruo Calcium
- Mississippi Lime
- OKUTAMA KOGYO
- Schaefer Kalk
- Cales de Llierca
- Calchem
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