Calcite Market

Calcite Market: Filler Material Turning over as a Key Demand Space for Calcite Manufacture: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028

Market introduction

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.

Market segmentation

Type

  • GCC
  • PCC

Size

  • Fine
  • Coarse

By Application

  • Paper and Pulp
  • Polymer and Plastics
  • Paints and Coatings
  • Cement
  • Adhesives and Sealants
  • Agriculture
  • Others

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • SEA
  • China
  • India
  • Japan
  • Middle East and Africa

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Calcite Market