In 2022, the global calcite market was estimated to have acquired USD 10.76 billion. The calcite market's development is projected to be primarily driven by the rising demand for plastic and paper packaging.This has resulted to an expected sum of USD 20.22 billion by 2033, garnering a CAGR of 5.9% during the forecast period, 2023 to 2033.
Calcite is one of the most frequently utilized minerals in the whole mineral industry given its special qualities. It is widely used as a raw material in the building and agriculture industries. The calcite market has expanded as a result of a consistent rise in calcite demand, particularly from the cement and agricultural sectors.
Due to its application in the production of goods including cables, PVC pipes, plastic moldings, and plastic films, "ground calcium carbonate (GCC)" is the type sector with the quickest growth. During the projected period of 2023 to 2033, the expanding population and increasing urbanization will offer the major prospects for current and emerging commercial as well as industrial uses of calcite.
The calcite market has been witnessing significant growth over the last few years. This growth trend is projected to continue over the next decade due to increasing use of calcium carbonate across various applications. Calcite ore exhibits usefulness across diverse applications in agricultural, construction, and other industries. The increasing population and rapid urbanization will offer significant opportunities for ongoing and upcoming Industrial and commercial applications of calcite in the coming years.
| Attribute | Details |
|---|---|
| Estimated Market Value (2022) | USD 10.76 billion |
| Expected Market Value (2023) | USD 11.4 billion |
| Projected Forecast Value (2033) | USD 20.22 billion |
| Anticipated Growth Rate (2023 to 2033) | 5.9% |
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
According to the study, the global calcite market has seen a steady growth in the agricultural sector. This trend is observed in countries across North American and Western Europe. Rising construction activities in both regions will aid sales growth of fine GCC, which is increasingly used in the paint and coatings and polymers and plastics industry.
Reducing the particles size and achieve more cost efficient solution has always been one of the prime concerns of researchers. Choosing a correct Calcite type for specific application has been difficult for end-use industries, hence, manufacturers have been focusing on improving overall quality to cater to specific industry requirements.
The market is likely to gain significant impetus from the launch of new calcite with advanced properties in the near future. Changes such as reduction in particle size could support overall expansion of the market. This will not only help end users to tackle price concerns but will enable them achieve more product efficiency.
Some of the leading manufacturers already have launched on site Calcite processing plants and several others are likely to follow the suit to keep pace with dynamic environment and therefore stand at the top of the line.
According to FMI, calcite sales have grown at a 4.8% CAGR between 2018 and 2022. Calcite application has been consistently increasing in agricultural, construction and industrial sectors. The acid paper production has been reduced and thus calcite has proven to be an effective alternative to the titanium dioxide. Rising demand for fertilizers coupled with the increase in the production of agrochemicals in the APEJ will result in the increase in demand for calcite over the forecast period.
Increasing Demand from the Construction Sector to Aid Growth
The growth in the construction industry is expected to have high impact on the demand for calcite in the building materials market. The demand for building materials is increasing due to the ongoing constructions activities in both commercial and residential sectors. The cement production has been increasing significantly in recent years owing to the high investment in infrastructure development activities.
This has emerged as a chief factor fuelling the demand for calcite in countries such as China, UAE, Saudi Arabia, India, and others. Thus, the increasing use of building materials and cement in these countries will significantly affect calcite market growth.
Market Players Focusing on Research and Developments is Driving the Growth
Some of the leading manufacturers of calcite are investing more on research and development (R&D) activities to producer finer quality. Competitive price offering, ensuring finer quality, and use of advanced technologies are some of the outcomes of R&D activities undertaken by companies. In modern construction activities, calcite is used in the form of marble and limestone.
Market players have been increasingly focusing on research and development activities to gain edge over competition witnessed. For instance, Omya AG not much time ago introduced a new product line under the brand name Aquarate to gain traction.
The Ground Calcium Carbonate is likely to Gain a Significant Share
Ground calcium carbonate (GCC) segment by far, is expected to dominate the market in terms of type and have gained a 65% market share in 2022. This is mainly attributable to the growing demand for filler materials in the polymer and plastics industry.
These materials are usually used in the manufacturing of products such as cables, PVC pipes, plastic moldings, and plastic films. The PCC segment is anticipated to grow due to increasing demand in the paper and pulp industry. These unique properties will help the segment to gain considerable momentum with key players constantly designing, developing, and launching new products.
Fine Size Particles is Anticipated to Gain a Dominant Share
Calcite manufacturers are emphasizing on reduction of particle sizes in order to save the costs and achieve more product efficiency. This can be attributed to the high growth of fine size segment.
The fine size segment dominates the volume share in the end-use applications with a CAGR of 5.5% from 2023 to 2033 while, the growth of coarse size segment is owing to the demand from the cement and agricultural industry.
The Industrial Sector to Push the Sales of Calcite from 2023 to 2033
The industrial sector held the leading share of 67% in 2022 in the global Calcite market owing to the increasing demand in new ongoing and upcoming industrial projects across the globe. Some of the leading segments exhibiting high demand are paper and pulp, paints and coatings, polymer and plastics and cement. The demand from polymer and paints industry is expected to remain considerably high.
Increasing demand for the PVC pipes and other thermoplastic materials has boosted the production of the polymers and plastics owing to which the demand for the calcite is increasing. The demand from paper and pulp industry is expected to surge considerably in the coming years. According to FMI, the paper and pulp industry will remain the dominant application segment through the forecast period.
Various Government Policies and Commercial Projects to Boost the Sales
FMI has projected North America to remain one of the most remunerative and paying markets throughout the course of the forecast period. One of the key factors supporting enhancement is the growth in construction industry in the United States. New commercial projects in the country are expected to increase the total sales of calcite in the forecast period as the United States is one of the second leading countries in construction gross value added index.
Commodity prices moved towards stability, creating sustainable market opportunities across regions and translating into positive effects on the global construction industry. Backed by these factors the United States remains one of the largest markets for Calcite in the world.
Favorable policies, coupled with high per capita spending, have created a conducive environment for the growth of calcite industry in theUnited States. The presence of leading players such as Imerys S. A. , Omya AG, and J. M. Huber Corporation is supporting growth in the United States Strategies undertaken by these companies include product launches and expansion plans, which will continue aiding overall expansion in the country.
Residential and Construction Projects are Propelling the Calcite Demand Regionally
The India calcite market is accounts for the largest share in the Asia Pacific. Increasing investment in residential and commercial construction projects will aid expansion in India. Uttar Pradesh (state of India) is a major producer of PCC, GCC, and activated calcium carbonate. India will thus continue offering attractive opportunities for the growth of the market.
Tourism in Middle Eastern Countries is Tied Closely to Calcite Market Growth
Gulf Cooperation Council (GCC) countries such as the United Arab Emirates, Saudi Arabia, Bahrain, Kuwait, Oman, and Qatar with large scale residential and commercial projects has attracted the global tourists with unique designs and features. The Middle East countries’ vision program towards increasing non-oil economic growth has been creating the significant opportunities in global market.
he cement production has been increasing significantly in recent years owing to the high infrastructure development activities being carried out in the GCC countries such as UAE, Saudi Arabia, etc. The growth of cement production will certainly have a positive impact on the calcite demand in GCC countries.
High Production of Plastics and Polymers to Boost Sales
China is a key market that accounts for a major share in the global calcite market. The market in China is projected to witness significant growth over the forecast period. There has been extraordinary surge in sales of calcite from 2016 to present day and this trend expected continue through the forecast period 2023 to 2033.
An increase in residential and commercial projects across the country has been driving sales growth besides the presence of numerous calcite manufacturers in China. Growing production of polymers and plastics and adhesives and sealants is expected to drive the demand for Calcite in China. In addition to this, the increasing demand from the paper and pulp industry is expected to boost sales of PCC in the country.
Germany’s Calcite Demand Will Continue to Rise Steadily
The adoption of calcite is expected to rise considerably across various end-use industries in Germany. The demand is expected rise in demand is projected to come from the polymers and plastics, adhesives and sealants and paints and coatings industries.Expanding construction activities will remain a chief driver of growth.
According to the Federal Statistics Office, Destatis, the construction sector turnover in Germany was by 2.2% in October 2022. With trends favoring expansion of the construction sector, the demand for calcite is expected to increase significantly in Germany.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
The calcite market is a moderately competitive. There is ample focus on strong research and development activities. Companies operating in the calcite market are aiming at strategic collaborations with end users and regional distributors to address the requirements of an expanding customer base.
The key players in this market include:
Some key developments initiated by the key players are as follows:
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.9% from 2022 to 2032 |
| Market value in 2023 | USD 11.4 billion |
| Market value in 2033 | USD 20.22 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD billion for value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Size, Application, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States, Canada, Mexico, Brazil, Germany, United Kingdom, France, Spain, Italy, Japan, China, Singapore, Thailand, Indonesia, Israel, GCC countries, South Africa, Australia, New Zealand |
| Key Companies Profiled | Imerys S. A.; Omya AG; J. M. Huber Corporation; Minerals Technologies Inc.; Gulshan Polyol Ltd.; ASEC Company for Mining; Esen Mikronize A.S; Wolkem India Ltd.; Shandong CITIC Calcium Industry Co. Ltd.; Columbia River Carbonates; Jay Minerals; Golden Lime Public Co. Ltd.; Longcliffe Quarries Ltd.; Vietnam CMT Joint Stock Company; Mississippi Lime Company |
| Customization & Pricing | Available upon Request |
China, India, and Japan are key Asian countries.
The construction sector is the primary consumer of the worldwide calcite market.
Asia Pacific and North America are dominating the market for calcite.
The current market size for calcite is USD 10.76 billion worldwide.
The global calcite market is anticipated to be valued at USD 20.22 billion by 2033.
| Market Size (2022) | USD 4,573.4 Million |
|---|---|
| Market Size (2032) | USD 7,665.1 Million |
| Value CAGR (2022 to 2032) | 5.3 % |
| Projected Market Value (2022) | USD 3.54 Million |
|---|---|
| Anticipated Market Value (2032) | USD 5 Million |
| Global CAGR (2022 to 2032) | 3.5% |
Explore Minerals & Ores Insights
View Reports
Calcite Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
