Global Calcite Market is Segmented By Type (Ground Calcium Carbonate (GCC), Precipitated Calcium Carbonate (PCC)), By Size (Fine, Coarse, Others), By Application (Construction, Paper, Paints & Coatings, Plastics, Adhesives & Sealants, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
The global calcite market reached US$ YY Million in 2023 and is expected to reach US$ YY million by 2031, growing at a CAGR of YY% during the forecast period 2024-2031.
Calcite, which has the chemical formula CaCO3, is a mineral that forms rocks. Calcite is prevalent in the earth's crust and is considered a "ubiquitous mineral" by scientists due to its widespread presence. Sedimentary, metamorphic and igneous rocks globally are the major sources of calcite deposits.
Calcite is a stereotypical mineral found in limestone and marble, the very prevalent rocks that account for a majority of the earth's crust and are one of the world's largest carbon storage facilities. Further, calcite is one of the most extensively utilized minerals and has a wider range of applications than practically any other mineral due to its characteristics. Calcite is utilized as a building material, an abrasive, an agricultural soil treatment, a construction aggregate, a pigment and medicine, among other things.
Source: DataM Intelligence Analysis (2022)
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Market Dynamics
The rising demand for calcite in various industrial verticals and advancements in polymer and plastics production are driving the calcite market forward. However, high transportation costs, slow neutralization and growing water hardness restrict the global calcite market.
Rising demand for calcite in the construction market
Calcite finds applications in several crucial industry verticals such as construction, agriculture, chemical industry, cleaning and mining, among several others. Calcite is used in the construction sector to make cement and concrete. It is easy to mix, transport, and deposit in a slurry that hardens into a durable construction material that can build buildings and highways, bridges, walls, etc. other structures.
According to Oxford Economics, the global construction market will be worth US$ 10.7 trillion in 2020, with emerging nations accounting for US$ 5.7 trillion of that total. Between 2020 and 2030, the global construction market is predicted to expand by US$ 4.5 trillion, reaching US$ 15.2 trillion in 2030, with US$ 8.9 trillion in emerging markets. Sub-Saharan Africa is expected to have the most instantaneous construction increase, followed by Asia-Pacific. China, India, the United States and Indonesia will account for 58.3% of global construction growth. Short-term recovery is expected to be driven by residential buildings, while medium-term growth will be fueled by infrastructure spending.
Emerging market growth is projected to be accelerated by urbanization. The construction industry's expansion is likely to impact calcite demand in the building materials market significantly. The ongoing development operations in commercial and residential sectors are driving up demand for building materials, boosting the calcite market.
Infrastructure development is primarily reliant on government funding globally. The huge investment in infrastructure construction activities has resulted in a major increase in cement production in recent years, further boosting the demand for calcite on the construction market.
Growing environmental awareness and environmental concerns associated with the mining of calcite
Effects of calcite mining on the immediate environment have gotten a lot of attention in recent years. According to scientific studies, calcite mining has several environmental consequences, including loss of forest cover, pollution of water, soil and air, reduction in biodiversity, depletion of natural flora and fauna, erosion of soil, changes in the landscape, instability of soil and rock masses and degradation of agricultural land. Regardless of the scale of mining, the extraction of rocks and minerals impacts the environment at various phases of mining, processing and utilization. Forest deforestation, water depletion, pollution of water, soil and air, loss of flora and fauna, decrease in biodiversity, deterioration of soil, the flux of soil and rock masses, transitions in the landscape and degradation of agricultural land are just a few of the obvious environmental consequences of mining. The severity of environmental problems varies on the extent of mining and the ecological sensitivity of the mining site. Impacts include lowering water tables, habitat destruction, encroachment of waste into agricultural land, destruction of buildings due to cracks, pollution of rivers, loss of biodiversity, destruction of crops, polluted rainwater harvested from roofs and health-related problems, including inhalation of dust resulting in respiratory tract infections.
For instance, in the Igara region of Edo state, Nigeria, calcite and dolomite mining has resulted in many environmental issues, including landscape loss, natural drainage damage, pollution and habitat destruction. As per the research article published by Saliu, Muyideen Alade and Shehu, Shaib Abdulazeez, Department of Mining Engineering, The Federal University Technology, Akure Ondo State, Nigeria to evaluate the water and soil quality in Ikpeshi, Edo State, reveals that the total alkalinity levels in water are less than the allowed limit of 200 mg/l. Furthermore, the chloride levels range from 311.6 to 399.4, higher than the World Health Organization's (WHO) drinking water limit of 250 mg/l. The soil studies show that phosphorus value in the region ranges from 14.1 to 22.3 mg/kg, which is greater than the FAO permissible limit of 7.0 mg/kg.
As a result, the environmental consequences associated with the mining of calcite and growing environmental awareness are a major restraint to the respective market's growth.
COVID-19 Impact Analysis
Surprisingly, as per the American Institute of Architects report, the pandemic re-ignited the housing market. The housing market flourished as households fled metropolitan centers searching for larger homes in the suburbs and exurbs, owing to a need for more space. Even when economic activity slumped in the epidemic's early days, housing started to grow by roughly 7% nationwide in 2020. Housing starts surged by another 15% last year, reaching their highest level since 2006. While multifamily development was substantially stronger in the years after the Great Recession, single-family construction has dominated during the pandemic, accounting for about 80% of the increase in residential construction. Since calcite is vital in manufacturing construction products, the demand for calcite rose drastically with the growth in the construction market, despite the pandemic.
However, calcite production has been hindered by the lack of raw materials, skilled workers and production disruptions in the manufacturing process, hampered by industry lockdowns and a demand for social isolation. Further, the lockdown in response to the COVID-19 outbreak impeded the supply of finished items, producing significant disruptions in the market's supply-demand dynamics.
Once the economy restarts from the pandemic, commercial building activity is expected to grow by just under 5% in 2021 and another 5.3% in 2023. Similarly, the industrial market will outperform the residential market in 2021 and 2022, with more than 9% growth this year and more than 8% in 2023. With the pandemic-related restrictions lifted, the supply and manufacture of calcite will be restored and the demand for calcite will witness a hike along with the growing construction market.
Market Segment Analysis
The global calcite market is classified based on type, size, application and region.
The global growth in the construction sector boosts the demand for construction materials such as calcite.
Based on application, the global calcite market is segmented into paper, paints & coatings, construction, plastics, adhesives & sealants and others. The application segment of the global calcite market is dominated by the construction sector.
The pent-up family savings, pandemic stimulus programs and population increase would combine to drive average annual growth of 3.6%, putting construction ahead of manufacturing and services growth between 2020 and 2030. Over the decade to 2020, the global construction market is predicted to expand by US$ 4.5 trillion, reaching US$ 15.2 trillion as per Oxford Economics. Further, the global construction production was US$ 10.7 trillion in 2020 and between 2020 and 2030, we project it to expand by 42 per cent, or US$ 4.5 trillion, to US$ 15.2 trillion. In the short term, global construction production is predicted to reach US$ 13.3 trillion by 2025, an increase of US$ 2.6 trillion from 2020.
Since calcite is mostly consumed by the construction industry and is popular in high-end architecture such as buildings, highways, bridges, walls and others, the experienced and expected growth in the construction market would increase the demand and sales of calcite in the construction industry. Thus, the respective segment dominates the global calcite market's application segment.
Source: DataM Intelligence Analysis (2022)
Market Geographical Share
The growth of end-user verticles such as construction, paper & pulp, plastics and the presence of several manufacturers in the region allows the Asia-Pacific to dominate the respective market.
Due to the increase in calcite manufacture and increasing demand from the plastics and paper sectors in China, Japan and India, Asia-Pacific dominates the geographical segment of the global calcite market. Furthermore, low labor costs, easy access to raw materials and other factors contribute to the region's growth. Aside from the availability of multiple calcite manufacturers in China, sales have been boosted by an expansion in residential and commercial developments. Calcite consumption is predicted to rise in China due to the increased manufacturing of polymers, plastics, adhesives and sealants.
Furthermore, rising demand from the paper and pulp industries is likely to enhance calcite sales. Calcite finds application as a filler in papermaking because of its great brightness, light scattering properties, widespread availability and low cost compared to kaolin. The market is likely to be driven by rising demand for paper packaging and tissue goods in China and India.
Source: DataM Intelligence Analysis (2022)
Market Competitive Landscape
The global calcite market is quite active and dynamic in terms of the number and strength of global and local competitors. Because a few primary competitors hold the majority of the market share, the market is classified as consolidated. Some of the main market players are Sibelco, Wolkem India Pvt Ltd, Fimatec Ltd, Maruo Calcium Co., LTD, Nordkalk Corporation, Omya AG, ASEC Company for Mining, Imerys Pigments, Mississippi Lime Company and Yuncheng Chemical Industrial Co., LTD. To achieve competitive advantages and recognition in their particular markets, significant market stakeholders use market techniques such as mergers, acquisitions, product launches, contributions and collaborations.
Imerys Pigments, Inc
Overview: Imerys Pigments, Inc. was established in the year 1999. The company provides kaolin and ball clay mining, milling and preparation services. Imerys has a long history of investing heavily in research and development, which is a key component of the company's global leadership in the paper industry. Imerys focuses solely on multi-pigment filling and coating applications, particularly new grade development.
Product Portfolio:
- Ground calcium carbonate (GCC): Ground calcium carbonate (GCC ) comprises the crystalline mineral calcite that can be found in chalk, marble, or limestone in nature. The chalk texture is usually fine and the color varies from deposit to deposit.
Key Development:
- For instance, on Imerys S.A. acquired facilities of EDK, a leading manufacturer of ground calcium carbonates (GCC) in Brazil, on November 17, 2019. Three working plants and 100 staff are among these assets, which generated annual revenues of US$ 15.5 million in 2018.
Why Purchase the Report?
- To visualize the global calcite market segmentation by type, size, application and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the global calcite market by analyzing trends and co-development.
- Excel data sheet with numerous data points of calcite market-level with four segments.
- PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
- Product mapping available as excel consisting of key products of all the major market players
The global calcite market report would provide approximately 61 tables, 59 figures and almost 180 pages.
Target Audience 2024
- Calcite Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
- Logistics companies
- Distributors/ Suppliers
