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.
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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.
Imerys S.A. (France) is one of the leading players in the calcite market and has been adopting inorganic & organic strategies to sustain its market position. For instance, in November 2019, Imerys S.A. acquired some assets of the EDK Company, a leading producer of ground calcium carbonates (GCC) in Brazil. These assets include three operating plants and 100 employees, which generated annual revenues of USD 15.5 million in 2018. In February 2018, Imerys S.A. acquired the carbonate business of Vimal Microns (India), a major producer of ground calcium carbonate for polymer and coating applications.
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Ground calcium
carbonate segment is expected to lead the calcite market during the forecast
period
The global calcite market is segregated into ground calcium carbonate and precipitated calcium
carbonate. In terms of value, ground calcium carbonate accounted for largest
share of the market in 2018 and is also expected to grow at the highest CAGR
during the forecast period. This growth is attributed to the increasing demand
for GCC as a filler material in the paper application, due to
cost-effectiveness as compared to PCC.
Paper application is expected to account for the largest share
of the calcite market during the forecast period
The global calcite market is segregated based on application
into paper, paints & coatings, construction, plastics, adhesives &
sealants, and others. Other applications include pharmaceuticals, agriculture,
and glass. In terms of value & volume, the paper application accounted for
the largest share of the market in 2018. The demand for calcite in the paper
application is driven by its ability to enhance the printability, whiteness,
and brightness & opacity of the paper. The plastics application is
projected to grow at the highest CAGR during the forecast period.
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