DUBLIN–(BUSINESS WIRE)–The report “Analysis of Precipitated Calcium Carbonate Market Size, Share and Trends by Application (Automotive, Building & Construction, Pharmaceutical), by Region and Segment Forecast, 2022-2030” has been added reporting from ResearchAndMarkets.com offer.
The global precipitated calcium carbonate market size is expected to reach USD 23.39 billion by 2030, growing at a CAGR of 6.6% during the forecast period. This is attributed to the growing inclusion of the product in the automotive and pharmaceutical industries. Additionally, rising living standards along with improved hygiene standards have led to the increasing use of tissue paper and wrapping paper. This, in turn, is expected to positively impact the demand for the precipitated calcium carbonate market in the coming years.
The pulp and paper application continues to grow at a significant rate due to the increasing demand for precipitated calcium carbonate (PCC) due to its operational flexibility. Some factors favoring the use of the product in the paper industry are high gloss and relatively low price, and obtaining a porous surface of the sheet of paper due to the rhombohedral shape of the particles. Rising population along with rising per capita disposable income in emerging countries such as India and China is expected to drive the demand for paper products. Thus, positively influencing the growth of the precipitated calcium carbonate market over the forecast period.
Asia-Pacific is the dominant market region, which is attributed to increasing manufacturing activities and surging foreign investment. These are some of the major drivers for the growth of the precipitated calcium carbonate industry in the region. According to the World Investment Report published in 2021, the inflow of FDI in Asia increased by 19% in 2021 compared to the inflow of 2020. It increased by 45 billion USD in 2021 compared to 19 billion USD in 2020, the highest of all regions.
Major market players are investing in on-site manufacturing of calcium carbonate for large-scale plastic and paper industries. Industry organizations focus on developing new products with varying properties to meet industry demands. Many participants own limestone quarries and form a high level of value chain integration by supplying natural and unprocessed limestone, processing raw materials according to customer demand, and distributing the product. Major companies include Imerys, Carmeuse, Minerals Technology Inc. and Mississippi Lime.
Highlights of the Precipitated Calcium Carbonate Market Report
Automotive application is the fastest growing segment with a CAGR of 7.5% due to the increasing use of the product in powertrains, electrical components, interiors, exteriors and chassis .
Europe is the fastest growing region with a CAGR of 8.4% due to a favorable legal and regulatory environment combined with a coherent industrial strategy
The presence of key market players such as Omaya has driven up the price of precipitated calcium carbonate products in Europe. With the intensification of the geopolitical situation, the company is taking measures to ensure business continuity
Demand for precipitated calcium carbonate has increased from the region’s pharmaceutical and residential water treatment sectors during lockdowns imposed around the world to contain the spread of the coronavirus
Market players are focusing on increasing investments as well as ongoing product development to improve the performance of distinguished products of Precipitated Calcium Carbonate
Main topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Precipitated Calcium Carbonate: Market Variables, Trends and Scope
Chapter 5 Precipitated Calcium Carbonate Market: Application Estimates and Trend Analysis
5.1 Application Movement Analysis and Market Share, 2021 & 2030 (%)
5.2 Precipitated Calcium Carbonate (PCC) Market Size and Forecast and Trend Analysis by Application, 2018- 2030, (Kilotons) (USD Million)
5.2.2 Building and Construction
5.2.5 Pulp and paper
Chapter 6 Precipitated Calcium Carbonate Market: Regional Estimates and Trend Analysis
Chapter 7 Competitive Landscape
Chapter 8 Company Profiles
Gccp Resources Limited
Gulshan Polyols Limited
Mississippi Lime Company
Mineral Technology Inc.
Blue Mountain Minerals
For more information about this report visit https://www.researchandmarkets.com/r/r5emfj
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