European Calcium Carbonate Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2029
European calcium carbonate market is estimated to grow at a CAGR of 2.9% during the forecast period. Some pivotal factors encouraging market growth include the rising plastics industry and the pulp and paper industry in the region. As per the PlasticsEurope, the European plastics industry generated a turnover of over $413.3 billion in 2018. The industry had a positive trade balance of over $17.2 billion in 2018. As a mineral filler, calcium carbonate is extensively utilized in the plastics industry. The use of calcium carbonate in rigid packaging has significantly increased over the years. Additionally, calcium carbonate is also integrated as a resin extender in the plastics industry which has been demonstrated to support improved sustainability, improved processing, and increased performance of the finished part. As a plastics additive, calcium carbonate is 100% FDA approved, which supports versatility among applications in critical areas such as medical packaging, food packaging, and foodservice packaging markets.
The market is segmented based on the
type and end-user industry. Based on type, the market is segmented into ground
calcium carbonate (GCC) and precipitated calcium carbonate (PCC). Based on the
end-user industry, the market is segmented into paper, adhesives and sealants,
plastics, paints and coatings, construction, and others. Significant adoption
of calcium carbonate has been witnessed in the plastics industry. For instance,
as per the British Calcium Carbonates Federation (BCCF), plastics account for
nearly 10% of European GCC consumption. Additionally, 8% of Europe’s GCC is
consumed by the paint market.
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European 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/european-calcium-carbonate-market
Regional Analysis
·
UK
·
Germany
·
France
·
Spain
·
Italy
Rest of European
Company Profiles
·
ACCM
·
Calcinor Servicios S.A.
·
Carmeuse
·
Imerys S.A.
·
J.M. Huber Corp.
·
LafargeHolcim Ltd.
·
Lhoist Group
·
Nordkalk Corp.
·
Omya International AG
·
SCR Sibelco N.V.
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