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Ground calcium carbonate is expected to lead the calcite market during 2019 to 2024


In terms of value, the global Calcite Market size is estimated to be USD 10.1 billion in 2019 and projected to reach USD 13.0 billion by 2024, growing at a CAGR of 5.2% from 2019 to 2024. Increasing demand from the paper & plastics applications for calcite, coupled with easy availability and cost-effectiveness, are expected to drive the growth of the market during the forecast period. Additionally, the growing paper industry in the Asia Pacific region, especially in China, is expected to fuel the growth of the market.  

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Based on type, the market has been classified into ground calcium carbonate and precipitated calcium carbonate. In terms of value, ground calcium carbonate is expected to account for the largest share of the calcite market during the forecast period. This growth is attributed to its increasing consumption in the paper, plastics, and other applications, coupled with the cost-effectiveness of GCC as filler material compared to PCC.

Based on application, the calcite market has been classified into paper, paints & coatings, construction, plastics, adhesives & sealants, and others. Others include pharmaceuticals, agriculture, and glass. In terms of value, the paper application accounted for the largest share in 2018 and is projected to grow at a moderate pace during the forecast period. The demand for calcite in the paper application is driven by its ability to enhance the printability, whiteness, and brightness & opacity of the paper.

Based on geography, the market is segregated into five regions, namely North America, Europe, Asia Pacific, Middle East & Africa, and South Africa. In terms of value, the Asia Pacific accounted for the largest share of the market in 2018, and is projected to grow at the highest CAGR during the forecast period. The large market size is attributed to expansions in the manufacture of calcite and high demand from the plastics and paper industries in China, Japan, and India, among others. Moreover, cheap labor, easy availability of raw material, and other factors fuel the growth of the market in the region.

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Major companies operating in the calcite industry include Imerys S.A. (France), Omya AG (Switzerland), Minerals Technologies Inc. (US), Huber Engineered Materials (US), and Gulshan Polyols Ltd. (India). These companies account for a major share of the market.
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