Global Calcium Carbonate Market TOC
APAC Market Forecast
The Asia Pacific calcium carbonate market is poised to generate the highest share of 30 % by the end of 2037, backed by growing demand for ready-to-eat food which usually has plastic packaging. The retail sale in China of processed food accounted for more than USD 280 Billion by 2020. Additionally, the prevalence of carbon emissions is also high in the region. Therefore, this could be also an important element for the growing use of calcium carbonate, as a large number of environmental applications utilize ground calcium carbonate, a substance that is moderately alkaline. Furthermore, growing investment in construction projects is also set to dominate the market expansion in this region.
North American Market Analysis
Additionally, the calcium carbonate market in North America is estimated to have noteworthy growth over the forecast period. The growing demand for bottles and jars which are usually manufactured using glass is projected to influence the market expansion. Also, a large number of people are growing health conscious in this region. As a result, their demand for dietary supplementary is on the rise. Whenever the calcium intake from food itself is inadequate calcium carbonate is taken as a dietary supplement. Hence, the demand for calcium carbonate is growing in North America.
Asia-Pacific Market Forecast
The Asia Pacific calcium carbonate market is projected to hold the largest market share by the end of 2037. The region’s demand for paint & coating goods significantly increased as a result of the construction and automobile sectors' explosive growth. According to the Polymer Paint Color Journal, nearly 69% of the nation's paint consumption is accounted for by the architectural segment, with the industrial segment accounting for the remaining 31% of the nation's paint and coating production. Since the consumption in industrial sub-segments like automotive has increased over the past five years, the share of the architectural segment has decreased from 73% to 69%, which is encouraging for the country's overall paints & coating industry's future growth. According to the Indian Paint Association, the country's paint and coating sector would grow from USD 7.70 billion to USD 12.34 billion during the next five years. Furthermore, the increasing paper production in countries, such as India and China will propel the market growth of calcium carbonate in the region.
European Market Statistics
The Europe calcium carbonate market is estimated to be the second largest, registering a market revenue of USD 13.86 Billion by the end of 2037. The growth of the market can be attributed majorly to the rising use of paper in the packaging of food and other items. Packaging accounts for more than 40% of all paper and paperboard usage in Europe, with the food industry accounting for more than 50% of all paper and paperboard consumption. Furthermore, renovation of existing buildings in the region is also expected to augment the market growth in Europe.
Author Credits: Rajrani Baghel
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