Calcite Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Calcite Market Analysis
The global calcite market is likely to register a CAGR of over 5%, during the forecast period.
The calcite market was negatively impacted by the COVID-19 pandemic. However, the market recovered significantly in 2021, owing to rising consumption from various end-user industries such as paper and pulp, building and construction, paints and coatings, and others.
- The increasing demand from the building and construction industry as well as the growing demand for paper and plastic packaging are likely to be the main drivers of the calcite market's growth over the medium term.
- However, the cyclic nature of the mining industry is expected to limit the growth of the calcite market. Nevertheless, emerging applications of the calcite can act as a lucrative opportunity for the studied market.
- Nevertheless, calcite ore has a wide range of applications in agriculture, building, and other sectors. In the upcoming years, the growing population and fast urbanization will provide significant opportunities for existing and new industrial and commercial applications of calcite.
- Asia-Pacific represents the largest market, and it is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and Japan.
Calcite Market Trends
Growing Demand for the Building and Construction Industry
- Calcite mineral is widely used in building and construction, and it is expected to be the fastest-growing market during the forecast period.
- Calcite is abundantly available, primarily as limestone and in metamorphic form as marble. Calcite is formed in the earth's crust due to the chemical precipitation of calcium carbonate and the transformation of shells, coral, and algal debris into calcite.
- In modern construction, calcite, in the form of limestone, is used to produce cement and concrete. Marbles impart beauty to the home and are available in a variety of colors and patterns. The increasing demand for marble flooring, kitchen tabletops, and bathroom countertops is expected to drive market growth. They are used in commercial as well as residential buildings.
- The construction sector in the Asia-Pacific region is the largest in the world and is increasing at a healthy rate, owing to the rising population, increase in middle-class income, and urbanization. The highest growth for housing is expected to be registered in the Asia-Pacific region, owing to the expanding housing construction markets in China and India. These two countries are expected to represent over 43.3% of the global middle class by 2030.
- The government of India reduced the GST tax on housing from 12% to 5%. This tax redemption may increase the construction market, which will further support the demand for calcite from various building and construction applications.
- The construction industry in China was expanding steadily. The Chinese construction sector is benefiting from rising urbanization. According to the National Bureau of Statistics of China, the output value of the construction works in the country accounted for CNY 27.63 trillion in 2022, compared to CNY 25.92 trillion in 2021.
- Furthermore, India is likely to witness an investment of around USD 1.3 trillion in housing over the next seven years, during which it is likely to witness the construction of 60 million new homes. The rate of availability of affordable housing is expected to rise by around 70% in 2024.
- The United States has one of the world's largest construction industries. According to the US Census Bureau, during January 2023, construction spending in the country was estimated at a seasonally adjusted annual rate of USD 1,825.7 billion, 0.1 percent (±0.7 percent) below the revised December estimate of USD 1,827.5 billion.
- Additionally, according to the World Bank, in 2023, the construction sector is predicted to develop at a cost of close to USD 13.8 trillion. This includes real estate developments, both residential and commercial, as well as infrastructural and industrial constructions. Data on construction spending covers labor and material costs, architectural and engineering work, and taxes.
- Such factors are likely to support the demand for the studied market from the building and construction segment.
Asia-Pacific to Dominate the Market Studied
- Asia-Pacific is expected to dominate the calcite market during the forecast period due to the rapid increase in demand from countries like China and India.
- Calcite, or ground calcium carbonate, is mainly used as a filler for papermaking due to its high brightness, light scattering characteristics, abundant availability, and low cost as compared to kaolin.
- The growing demand for paper packaging and tissue products in countries like China and India is expected to drive the market. According to the Office of the Economic Adviser (India), the wholesale price index (WPI) for pulp, paper, and paperboard was 141 in fiscal year 2022.
- Apart from paper, growing infrastructure demands are expected to contribute to the growth of the calcite market. Moreover, according to the National Development and Reform Commission of China, the Chinese government approved 26 infrastructure projects at an estimated investment of about USD 142 billion, which are expected to be completed by 2023.
- Currently, China has numerous airport construction projects that are either in the development or planning stages. The Civil Aviation Administration of China (CAAC) aims to construct 216 new airports by 2035 to meet the growing demand for air travel. China had a total of 234 civil airports at the end of October, and this number is likely to hit 450 by 2035. Additionally, the government rolled out massive construction plans for the movement of 250 million people to its new megacities over the next 10 years.
- Further, China accounts for more than one-fourth of the global coatings market. According to the China National Coatings Industry Association, the industry has been registering a growth rate of 7% in recent years.
- Also, according to European Coatings, there are nearly 10,000 coatings manufacturers located in China. Most of the leading global coating manufacturers, such as Nippon Paint, AkzoNobel, Chugoku Marine Paints, PPG Industries, BASF SE, and Axalta Coatings, have their manufacturing bases in China.
- Moreover, as per the Ministry of Economy, Trade, and Industry (Japan), the production volume of synthetic resin paints in Japan amounted to approximately 1.01 million metric tons in 2021, making up an enormous production volume of paints. Overall, the production volume of paints added up to nearly 1.53 million metric tons in 2021, compared to 1.50 million metric tons in 2020, which is expected to propel the demand for calcite in respective applications.
Therefore, the factors mentioned above, coupled with government support, contribute to the increasing demand for the calcite market in Asia-Pacific during the forecast period.
Calcite Industry Overview
The global calcite market is partially fragmented, with players accounting for a marginal share of the market studied. Few major companies in the market (not in particular order) include Mineral Technologies Inc., Nordkalk Corporation, AKJ Minchem, Imerys, and Omya AG, among others.
Calcite Market Leaders
Mineral Technologies Inc.
Nordkalk Corporation
Omya AG
AKJ Minchem
Imerys
*Disclaimer: Major Players sorted in no particular order
Calcite Market News
- September 2022: Imerys entered into exclusive negotiations with Syntagma Capital to sell the majority of its assets producing kaolin, ground calcium carbonate ("GCC"), precipitated calcium carbonate ("PCC"), and talc, which primarily serve the paper market, for an enterprise value of EUR 390 million (USD 424 million), including an earn-out based on future business performance.
- September 2022: Omya and IFG announced a strategic R&D collaboration to investigate the integration of calcium carbonate inside fibers. The two companies will collaborate to investigate novel fiber product performance, features, and applications at IFG's Fibers Research Center in Linz, Austria.
Calcite Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand for the Paper and Plastics Packaging Industry
4.1.2 Increasing Demand from the Building and Construction Industry
4.2 Restraints
4.2.1 Cyclic Nature of Mining Industry
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
5.1 Type
5.1.1 Precipitated
5.1.2 Grounded
5.2 End-user Industry
5.2.1 Building and Construction
5.2.2 Paper and Pulp
5.2.3 Paints and Coatings
5.2.4 Plastics and Polymers
5.2.5 Adhesives
5.2.6 Other End-user Industries
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%) **/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 AKJ Minchem
6.4.2 ARANTHAANGI CHEMICAL PRODUCTS LTD.
6.4.3 Ashirwad Minerals & Marbles
6.4.4 Celtic Chemicals Ltd.
6.4.5 Earth MineChem
6.4.6 Fujian Sanmu Nano Calcium Carbonate Co. Ltd.
6.4.7 Guangdong Qiangda New Materials Technology Co. Ltd.
6.4.8 Gulshan Polyols Ltd.
6.4.9 Huber Engineered Materials
6.4.10 Imerys
6.4.11 Jay Minerals
6.4.12 Krishna Minerals
6.4.13 Mewar Microns
6.4.14 Minerals Technologies Inc.
6.4.15 Nghe An Mineral Joint Stock Company
6.4.16 Nordkalk Corporation
6.4.17 Omya AG
6.4.18 Shanghai Calcium Carbonate Factory Co. Ltd.
6.4.19 SMPL
6.4.20 Weifang Santi Chemical Co. Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Emerging Applications of Calcite in Agriculture, Building, and Other Sectors
Calcite Industry Segmentation
Calcite is a mineral that forms rocks and has the chemical formula CaCO3. It is extremely common and can be found in sedimentary, metamorphic, and igneous rocks worldwide. Some geologists consider it an 'ubiquitous mineral,' as it can be found anywhere. Calcite is the main component of limestone and marble. These rocks are extremely common and account for a huge percentage of the Earth's crust. They are one of the world's largest carbon repositories.
The calcite market is segmented by type, end-user industry, and geography. By type, the market is segmented into precipitated and grounded. By end-user industry, the market is segmented into building and construction, paper and pulp, paints and coatings, plastics and polymers, adhesives, and other end-user industries. The report also covers the market size and forecasts for the calcite market in 15 countries across major regions. For each segment, market sizing and forecasts have been done based on revenue (USD million).
| Type | |
| Precipitated | |
| Grounded |
| End-user Industry | |
| Building and Construction | |
| Paper and Pulp | |
| Paints and Coatings | |
| Plastics and Polymers | |
| Adhesives | |
| Other End-user Industries |
| Geography | |||||||
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Calcite Market Research FAQs
What is the current Calcite Market size?
The Calcite Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Calcite Market?
Mineral Technologies Inc., Nordkalk Corporation, Omya AG, AKJ Minchem and Imerys are the major companies operating in the Calcite Market.
Which is the fastest growing region in Calcite Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Calcite Market?
In 2024, the Asia Pacific accounts for the largest market share in Calcite Market.
What years does this Calcite Market cover?
The report covers the Calcite Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Calcite Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Calcite Industry Report
Statistics for the 2024 Calcite market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Calcite analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
