Asia-Pacific Calcium Carbonate Market to Signify Strong Growth by 2023-2029
Asia-Pacific calcium carbonate market is estimated to grow at a CAGR of 4.1% during the forecast period. The growing plastics and paper and coatings industry is the major factor accelerating the market growth. China is the key manufacturer of plastics, followed by Europe and NAFTA. In 2017, Asia accounted for more than 45.0% of the global plastics production. This leads to an increasing demand for calcium carbonate as one of the renowned mineral fillers utilized in the plastics industry. Calcium carbonate is extensively available across the globe, compatible with a comprehensive spectrum of polymer resins, and is easier to grind or decrease to a particular particle size, as well as it is cost-effective.
It is used as an additive in
plastic compounds that supports to reduce surface energy and offers surface
gloss and opacity, which improves surface finish. Additionally, when the
particle size is carefully controlled, calcium carbonate supports to increase
both flexural modulus (stiffness) and impact strength. It may be used with
several thermoplastic resins. Polypropylene compounds are normally filled with
calcium carbonate to enhance rigidity, which is an essential need for
operations at high temperatures. In polyvinyl chloride (PVC), calcium carbonate
is utilized with flexible compounds including tubing, latex gloves, trash bags,
wire and cable insulation, and in rigid compounds including window profiles,
extruded pipes, and conduits.
The market is segmented based on
the type and end-user industry. Based on type, the market is segmented into
ground calcium carbonate and precipitated calcium carbonate. Ground calcium
carbonates (GCC) are extensively used as fillers in adhesives and sealants,
paper, paints and coatings, plastics, and in the production of rubber. GCC is
usually the prime ingredient of ceramic tile adhesives (CTA's), sealants, and
fillers, often up to 80% of the formulation. It has long been utilized as a
filler in materials such as roofing felt, asphalt, and plasters. GCC is
utilized to bulk out or extend the polymers and resins in paints. Therefore,
the growing paints and coatings industry and plastics industry is in turn,
accelerating the adoption of GCC in the region. Based on the end-user industry,
the market is segmented into paper, adhesives and sealants, plastics, paints
and coatings, construction, and others.
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Asia-Pacific Calcium
Carbonate Market Segmentation
By Type
·
Ground Calcium Carbonate
·
Precipitated Calcium Carbonate
By End-User Industry
·
Paper
·
Adhesives and Sealants
·
Plastics
·
Paints and Coatings
·
Construction
·
Others
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Calcium Carbonate Market is Available @ https://www.omrglobal.com/industry-reports/asia-pacific-calcium-carbonate-market
Regional Analysis
·
China
·
India
·
Japan
Rest of Asia-Pacific
Company Profiles
·
Calchem Industries Ltd.
·
Overview
·
Product Portfolio
·
Recent Activities
·
Chemical & Mineral Industries Pvt. Ltd.
·
Fujian Sanmu Nano Calcium Carbonate Co., Ltd.
·
Gulshan Polyols Ltd. (GPL)
·
Imerys S.A.
·
J.M. Huber Corp.
·
Lhoist Group
·
Maruo Calcium Co. Ltd.
·
Mountain Minerals and Microns Ltd.
·
Okutama Kogyo Co., Ltd.
·
Omya International AG
·
Schaefer Kalk (Malaysia) Sdn Bhd
·
Shiraishi Kogyo Kaisha Ltd.
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