Calcium Carbonate Market to surpass US$25 Bn by 2019 Owing to Growing Demand from Paper and Plastic Industries: Transparency Market Research

Rising applications in the FMCG and packaging sector has fueled the demand for calcium carbonate, states Transparency Market Research in a report. The publication is titled “Calcium Carbonate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019” and is available for sale on the company website.According to the report, the global calcium carbonate market is poised to grow from a value of US$15.66 billion in 2012 to that of US$25.01 billion by 2019, registering a healthy CAGR of 7.0% from 2013 to 2019. In terms of volume, the calcium carbonate market was pegged at 86.5 million in 2012. Calcium carbonate is used in industries such as paper, plastic, agriculture, building and construction, and pharmaceutical.By product, the calcium carbonate market is divided into precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC). PCC is estimated to record a 3.9% CAGR during the forecast period owing to its properties of brightness, opaque visibility, and whiteness. GCC, on the other hand, is projected to develop at a 2.9% CAGR during the same period owing to its applications in non-traditional end-use industries.

 

Geographically, the global calcium carbonate market is segmented into North America, Latin America, Europe, Asia Pacific, and Rest of the World. Asia Pacific dominates the worldwide market in terms of volume and is also anticipated to be the second fastest growing regional market for calcium carbonate by the end of 2019. Rising demand for GCC and PCC from emerging economies such as India and China is largely responsible for the growth the calcium carbonate market in this region. APAC is projected to register a CAGR of 4.4% from 2013 to 2019, according to the research report.