An Incisive, In-depth Analysis on the Calcite Market
This study offers a comprehensive, 360 degree analysis on the Calcite market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Calcite market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Calcite is most commonly occurring industrial mineral in the earth’s crust. Limestone, which is the one of the most abundant minerals found, comprises around 95% calcite. Calcite is thus categorized under the group of carbonates which are isomorphs of one another. The most common forms of calcite found in nature are chalk, marble and limestone. These forms are produced by the sedimentation of fossils. Calcite is available in two forms: Ground Calcium Carbonate (GCC) and Precipitated Calcium Carbonate (PCC). The manufacturing process of GCC involves extraction and processing of calcite ores whereas PCC is manufactured synthetically through chemical precipitation.
Apart from GCC and PCC, manufacturers are also offering various types of calcite powders, such as coated calcite powder, uncoated calcite powder, wet ground calcium carbonate (WGCC) and activated calcium carbonate. These types of calcites are derived from the GCC and PCC types of calcite powder through processing and size reduction. The calcite obtained after size reduction is classified as fine and coarse, depending on the particle size obtained.
The global calcite market is estimated to be valued at US$ 14 Bn by 2018 end and is expected to reach US$ 23 Bn by the end of 2028 while expanding at a CAGR of 4.7% over the forecast period. The global calcite market is anticipated to represent incremental opportunity worth US$ 8.5 Bn between 2018 and 2028.
Calcite market is expected to grow marginally over the forecast period
Calcite is generally used as a filler material in a wide range of end-use industries, such as paper and pulp, paints and coatings, polymers and plastics and adhesives and sealants. These industries are expected to hold a dominant share in calcite demand throughout the forecast period. According to statistics from the Plastics Europe, the demand for polymers and plastics in Europe, Middle East, North America and China, together, witnessed a Y-o-Y growth of 3.5% in 2016. With this significant growth in demand for polymers and plastics, the production rate witnessed a Y-o-Y growth of 3.3% in the year 2016. The growth in the polymers and plastics production is expected to drive the sales of GCC in the calcite market. Increasing infrastructural developments and growth in the automotive industry in developing regions will further increase the demand for paints and coatings and adhesives and sealants where calcite is prevalently consumed. Moreover, increasing demand for calcite from the cement and agriculture industry will provide the required stimulus for the growth of the calcite market. Thus, growth of the construction industry will, in turn, provide impetus for the growth of the calcite market.
The cyclic nature of the mining industry is, however, expected to have a negative impact on the growth of the calcite market owing to which the raw material prices may incline towards higher values. Similarly, the slowdown in global steel production is expected to retard the growth of the calcite market.
China dominates the global calcite market and India is tipped to be a high potential market by the end of the forecast period
From a regional perspective, the Calcite market is dominated by Asia owing to the high production and consumption taking place in China. It is expected that China is projected to witness healthy growth over the forecast period, which mainly be attributed to rising demand from end-use industries, such as paper and pulp, polymer and plastics, cement and paints and coatings. The PCC segment is expected to have a high impact on the calcite market in China. The growth of the calcite market in China can mainly be attributed to the abundant calcite mineral resources present in the country. Most of the calcite manufactured in China is consumed in the domestic market itself and thus, the prices of the calcite are relatively low in China as compared to the other regions.
Moreover, India is reported to witness high growth rate over the forecast period. The high growth rate in India is dependent on the growing production of polymers and plastics. The growing population in India has set up the foundation for the growth of the construction industry. The growth of the construction industry will increase the demand for cement and paints and coating, which, in turn, is projected to drive the demand for calcite over the forecast period.
The prominent share of China’s demand is met by domestic manufacturers whereas the calcite demand in India is primarily met by the manufacturers from other regions, such as South East Asia and Middle East and Africa.
Prominent manufacturers hold the key share in the global calcite market
The global calcite market is dominated by local manufacturers -- prominent manufacturers in the calcite market have been reported to hold more than a quarter of the global calcite market share. The regional markets are primarily dominated by the local manufactures who are engaged in the sales of calcite and cater solely to the domestic demand. These manufacturers have been listed under the Tier 3 of the global calcite market. Some of the prominent manufacturers that hold the lion’s share in the calcite market have been listed under the Tier 1 of the global calcite market. The remaining manufacturers with presence beyond their domestic market have been listed under the Tier 2 of the global calcite market.
The concentration of the Tier 2 manufacturers is dominated by the Asia region where the demand for calcite has significantly increased and the local manufacturers have failed to meet the calcite demand at the required prices. The presence of potential markets, such as India and China, in Asia has attracted many Tier and Tier 2 Players in the calcite market to enter into partnerships and expand their production footprint in these countries.
Tier 2 manufacturers are focused on manufacturing and supplying for a target client base and thus, have collaborations and agreements with calcite end users.
Key trends in the global calcite market
Calcite demand in different regions is totally dependent on the macro-economic factors affecting the calcite market in that particular region. In order to nullify the effect of macro-economic factors and competition from domestic manufacturers, bigger players have introduced new product lines for different end-use applications. The prominent players in the market are developing new products for specific regions. For instance, Omya AG has recently introduced a new product line with the brand name Aquarate.
The demand for calcite powder with fine size has witnessed steady growth and thus, manufacturers are focused on reducing the size of calcite to nano levels. The size reduction has benefited many of the manufacturers due to the low cost of the materials used and increased efficiency in filler applications in paints and coatings and polymer and plastics industries.
The calcite market is saturated with domestic players, which is posing a threat to the prominent players. To nullify this threat posed by the competitive environment, calcite manufacturers are focusing on entering into long-term partnerships and collaborations with end users.
Key market players
Some of the players reported in this study on the global calcite market are Omya AG, Imerys S.A, Minerals Technologies Inc., J. M. Huber Corporation, Wolkem India Pvt Ltd, Fimatec Ltd, Nordkalk Corporation, ASEC Company for mining, Zantat Sdn. Bhd, Gulshan Polyols Ltd and Longcliffe Quarries Ltd, among others. Moreover, calcite manufacturers have been channelizing efforts towards strengthening the development of new product lines and are focusing on specific regions. This is expected to positively impact the calcite market in near future.
Future Market Insights analyzes the global calcite market in its new publication titled “Calcite Market Forecast, Trend Analysis & Competition Tracking- Global Review 2018 to 2028”. This study provides thorough analysis and key insights on the target market on the basis of type, application and region for the historical period 2013 – 2017 and forecast period 2018 – 2028. The objective of the report is to assess dynamics in the calcite market and provide key information pertaining to the several segments of the global calcite market. To provide a better understanding and support stakeholders in decision making and market analysis, the report comes equipped with the analysis of drivers, restraints and trends that influence the current market scenario and are expected to impact the global calcite market over the forecast period.The study provides data for 2017 along with an inclusive market forecast for the period 2018 – 2028.
To comprehend and ascertain market opportunities and trends, the global calcite market report is categorically split into different sections based on type, size, application and region. The report starts with the market overview and provides market definition and taxonomy along with value chain, drivers & pricing analysis pertaining to the market. The background of the calcite market has been covered and includes various factors affecting the calcite market, such as the macro-economic factors which include region wise growth rates of various industries such as paper and pulp, construction, polymers and plastics, paints and coatings and cement industry. The market background also covers the market dynamics which are capable of affecting the calcite market in near future. The dynamics covered in the report are drivers (growth of paper and pulp industry, growth of agriculture industry, growth of construction industry and replacement of TiO2 by calcite), restraints (cyclic nature of the mining industry and slowdown in steel industry) and trends (new product launches and inclination towards nano size). The market background also includes the value chain analysis, under which the flow of calcite from raw material manufacturers to calcite manufacturers and from calcite manufacturers to end users through various distributors and suppliers has been discussed. The final part in the market background is the forecast factors which include the factors (GDP growth, paper and pulp industry growth, urban infrastructure growth, plastics and polymer industry growth, paints and coatings industry growth, chemical industry growth and growth in cement production, demand for agrochemicals raw material price fluctuations, growth in steel production, growth in adhesives and sealants industry) that are expected to have an impact on the global calcite market.
The sections that follow include global calcite market analysis – by type, by size, by application and regional/country level analysis. All the above sections evaluate the market on the basis of various factors affecting the market. Each section discusses the qualitative and quantitative aspects of the global calcite market. To give a brief idea about revenue opportunities from end-use, delivery form and region/country-wise segments, the report also provides market value (US$ Mn) data, growth rates, market shares and total incremental $ opportunity indices for each segment over the forecast period (2018-2028).
In the final section of the report, we have provided a detailed competition landscape with company market share and performance in order to provide report audiences with a dashboard view of key players operating in the global calcite market along with their business strategies. This would enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.
For market data analysis, we have considered 2017 as the base year with market numbers estimated for 2018 and forecast made for 2018–2028. To ascertain the market, global demand for calcite was assessed and funneled down to different types w.r.t. region/country level. FMI assessment is based on a multipronged approach that comprises secondary and primary research and triangulation of data obtained therefrom. During the initial phase of research work, product mapping was done, i.e. the types of products offered by major players with respect to application area were identified. Further, during secondary research, data available in public domain, such as industry associations, company annual reports, white papers, publications, journals and government sites, among others sources, was collected and accordingly, set of data points were built. For the same, a top-down approach was used to assess market numbers for each type and bottom-up approach was used to counter validate the market estimation. For forecast assessment, forecast growth for end-use industries, such as paper and pulp, polymer and plastics, paints and coatings, cement, adhesives and sealants, agriculture and food and beverage, pharmaceutical and personal care industries among others, and other related factors affecting calcite consumption, in particular – type, along with insights provided by industry participants were weighed in so as to develop a pertinent forecast for individual type. The forecast presented in the report evaluates the actual market size (US$ Mn) in 2017 with regard to calciteand the expected market value in the global calcite marketover the forecast period.
We have also analyzed the different segments of the global calcite marketin terms of basis point share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying various key trends governing the global calcite market. The report also analyses the global calcite marketbased on the incremental $ opportunity & the global absolute $ opportunity. This is usually overlooked while estimating the market forecast. However, from a business development perspective, it is essential to identify that market attractiveness in terms of three indices, viz. market share index, CAGR index and incremental $ opportunity index, is essential to identify the high potential resources in the calcite market. Moreover, the market attractiveness index will help in understanding the key segments in terms of their performance and growth in the global Calcite market. This market attractiveness index would help clients identify real market opportunities in the global calcite market.