LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global calcium carbonate market to grow at a CAGR of almost 7% during the forecast period, according to their latest report.
This market research report segments the global calcium carbonate market based on end-user (paint, plastics, paper, and adhesives and sealants), type (GCC and PCC), and geography (Americas, APAC, Europe, and ROW).
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In this report, Technavio analysts highlight the following market drivers that are contributing to the growth of the global calcium carbonate market:
- Importance of PCC in the paper industry
- Increasing consumption in the paints and coatings industry
Importance of PCC in the paper industry
The importance of PCC is rising in the paper industry mainly because of its superior characteristics and features. PCC is generally used as a coating pigment, filler additive, brightening agent, and surface finish additive in the paper industry. In addition, it is preferred in the paper industry owing to its fine particle size and controlled and effortless application. It also enhances the gloss and promotes bonding in the paper.
PCC is one of most widely used minerals in the paper industry. Besides, since it is manufactured by the chemical processes, manufacturers can optimize and control the physical and chemical properties of the PCC particles. The particle size, surface chemistry, surface area, particle size distribution, and particle shape can be optimized as per the requirement. In addition, synthesized PCC is usually brighter and whiter than the other filler minerals such as kaolin and some GCC grades. PCC is one of the cost-effective minerals used in the production of high-quality paper and paperboard and other expensive additives, wood pulp, and minerals. The demand for PCC in the paper industry is increasing because of its better performance. Paper manufacturers opt for PCC to produce brighter paper with decent printing surfaces.
According to a senior analyst at Technavio for metals and minerals, “The demand for paper and paperboard products is expected to increase at a considerable rate in the next five years. This is attributed to the growth in the printing, packaging, and labeling applications. For instance, the global specialty paper market is expected to grow at a CAGR of around 7% during the forecast period. Therefore, the growth in the paper industry will boost the consumption of PCC. This will subsequently boost the growth in the global calcium carbonate market.”
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Global calcium carbonate market segmentation
The paper end-user segment dominated the global calcium carbonate market by contributing to approximately 40% of the overall share. It was followed by the plastics, paint, and adhesives and sealants segments respectively.
APAC was the leading region for the global calcium carbonate market in 2017, accounting for a market share of close to 55%. It was followed by Europe and the Americas respectively. APAC’s share is projected to increase during the forecast period, which will not be the same for the other two regions, as both Europe’s and the Americas’ market share is estimated to decrease.
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