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Activated Calcium Carbonate Market - Forecast(2023 - 2028)
Activated Calcium Carbonate Market Overview
The Activated Calcium Carbonate Market size is forecasted to reach US$4.2 billion by 2027 after growing at a CAGR of around 3.2% from 2022 to 2027. The Activated Calcium Carbonate is produced by surface coating of the PCC slurry with stearic acid and titnate coupling agent and filtering and drying and then obtaining the ACC powder. The Activated Calcium Carbonate has rising application in printing ink, rubber, adhesives, plastic such as polyvinyl chloride, paper, and others. The demand of Activated Calcium Carbonate for usage in calcium dietary supplements and other medication is creating a drive in the Activated Calcium Carbonate industry. Furthermore, flourishing application in major end-use industries such as construction, pharmaceutical, paper and pulp, and others will offer major demand and growth opportunities in the market during the forecast period.
Activated Calcium Carbonate Market COVID-19 Impact
The Activated Calcium Carbonate Market was majorly impacted by the slowdown and disruptions during the covid-19
outbreak. The Activated Calcium Carbonate has rising demand in construction,
plastic, pharmaceuticals, and other sectors. The building and construction sector
saw a major decline in the demand and growth during the pandemic. The building
and construction projects were at halt due to lockdown restrictions, labor
shortages, production disruptions, and restrictions on logistics. Moreover, the
availability of construction raw material saw a major delay and shutdown in
construction sites. According to the World Bank, the value added by the construction industry declined from US$ 23.3 trillion in 2019 to US$ 22.04
trillion in 2020. The fall in the building and construction activities in the outbreak led to a decline in the application of Activated Calcium Carbonate,
thereby hampering the growth of the market. Thus, owing to production halts and shutdown, the Activated Calcium Carbonate Market was majorly impacted and faced a slowdown.
Report Coverage
The report: “Activated Calcium Carbonate
Market Report– Forecast (2022-2027)” by IndustryARC covers an in-depth analysis
of the following segments of the Activated Calcium Carbonate industry.
Key Takeaways
- The Activated Calcium Carbonate Market size will
increase owing to growing application in
food, paper, printing inks, additive, and others across major end users during
the forecast period.
- The Asia Pacific is the fastest
growing region in the Activated Calcium Carbonate industry due to flourishing
pulp and paper sector, growing construction projects, and increase in plastics
generation, thereby boosting the demand of Activated Calcium Carbonate.
- The growing demand of activated calcium carbonate in additive application for plastics is offering major growth in the market.
Figure: Asia Pacific Activated Calcium Carbonate Market Revenue, 2021-2027 (US$ Billion)
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Activated Calcium Carbonate Market Segment Analysis – By Application
By application, the additive segment is expected to grow with a CAGR of around 2.5% during the forecast period. The additive application of Activated Calcium Carbonate is growing due to a major demand in various end use industries such as food, paints, paper, and plastics. Furthermore, it has major demand in the plastic sector for additive application and fillers in order to ease the polymer extrusion and reduce the cost. According to the India Brand Equity Foundation (IBEF), the exported plastics raw material in India was valued at US$ 352.04 million in July 2021. The growth of the plastics generation and production activities is driving the market. Thus, with major application and demand across end-use industries, the Activated Calcium Carbonate Market will grow during the forecast period.
Activated Calcium Carbonate Market Segment Analysis – By End-Use Industry
By end-use industry, the plastics segment held the largest Activated Calcium Carbonate Market share of 21% in 2021. The demand of Activated Calcium Carbonate in the plastic industry is growing owing to its major application as additives and fillers polyvinyl chloride and other plastic resins. The Activated Calcium Carbonate provides improved surface finish, glass and opacity in the plastic compounds. The growing use of Activated Calcium Carbonate as filler and additive in plastics and growing production of plastic products is boosting the growth of the Activated Calcium Carbonate Market According to the Association of Plastics Manufacturers, plastics production in Europe reached around 58 million tonnes, compared to global production value of 370 million tonnes in 2019. Thus, with major demand of Activated Calcium Carbonate in the plastics industry and flourishing growth in plastics sector, the Activated Calcium Carbonate industry will grow rapidly during the forecast period.
Activated Calcium Carbonate Market Segment Analysis – By Geography
By geography, the Asia Pacific is the fastest-growing region in the Activated Calcium Carbonate Market and is expected to grow with a CAGR of around 4.5% during the forecast period. The flourishing demand of Activated Calcium Carbonate in this region is influenced by high growth and development in major end use industries such as construction, pharmaceutical, automotive, agriculture, and others. The growing paper and pulp sector in the Asia Pacific is propelling the demand for the Activated Calcium Carbonate. Furthermore, the rise in production of paper and pulp sector is offering major growth opportunities for the Activated Calcium Carbonate industry. According to the Indian Paper Manufacturers Association (IPMA), the per capita paper consumption in India is expected to increase to 17 kgs by 2024-25. Moreover, the rapid growth in automotive, pharmaceutical agriculture and other sectors in the Asia Pacific region are boosting the growth for the Activated Calcium Carbonate Market. Thus, the Activated Calcium Carbonate will grow rapidly during the forecast period.
Activated Calcium Carbonate Market Drivers
Rising demand in the pharmaceutical industry
The Activated Calcium Carbonate has growing application in the pharmaceutical industry. It is used in dietary supplements, antacids, fillers, tablets, and other medications. It is used in medications to provide relief from acid indigestion, heartburn, stomach issues, and others. Furthermore, the growth in healthcare and pharmaceutical sector across the world is offering drive in the Activated Calcium Carbonate Market. According to the European Federation of Pharmaceuticals Industries and Associations (EFPIA), the North American region accounted for around 49% of the global pharmaceutical sales in 2020. Thus, the growth in drug delivery technologies and pharmaceutical development across the globe is boosting the application of Activated Calcium Carbonate and offering major growth opportunities in the market.
Growing application in the plastics and rubber sector
The Activated Calcium Carbonate has major
application in the plastics and rubber sector in various homopolymers and
copolymer. It is used in polyvinyl chloride and other resins to boost the
stiffness and strength of the plastics. The application of Activated Calcium Carbonate as filler and additives in
rubber and plastics is also boosting the demand in the market. Furthermore, the
rise in demand of rubber and plastics in various end use industries is growing,
thereby boosting growth opportunities for the Activated Calcium Carbonate Market. According to the Plastic Soup Foundation, around 39.6% of plastic is
used in packaging in Europe, with building and construction at 20.4% in the
year 2019. Thus, the rising demand and application in rubber and plastics is
driving and offering major growth opportunities in the market.
Activated Calcium Carbonate Market Challenges
Fall in demand and application in paper industry due to digitalization
The Activated Calcium Carbonate has major use in the pulp and paper industry. However, the rise in digitalization trend and shift towards online book and paper sources is leading to a fall in paper industry, thereby creating a major challenge in the demand and growth of Activated Calcium Carbonate. Moreover, various manufacturers such as Omya have increased the prices for calcium carbonate products due to high transportation costs, packaging expenses, and others. Thus, owing to rise in prices and falling demand from paper industry, which is the largest user of Activated Calcium Carbonate, the Activated Calcium Carbonate faces a major hamper and growth slowdown.
Activated Calcium Carbonate Industry Outlook
The Activated Calcium Carbonate top 10 companies include:
- Imerys S.A.
- Gulshan Polyols Limited
- Okutama Kogyo Co. Limited
- MARUO Calcium Co. Limited
- HeBei Lixin Chemistry Co. Limited
- Fimatec Ltd.
- Solvay S.A.
- Omya International AG
- Bombay Chemical & Rubber Products
- Mainchin Chemicals Private Limited
Recent Developments
- In April 2022, the Imerys announced to expand the calcium carbonate capacity in the Sylacauga (AL) plant in North America. This expansion is planned to boost manufacturing capacity and reliability in the market.
- In March 2021, the Huber Engineered Materials made agreement with the IMCD NV to acquire the Nutri Granulations which manufactures USP grade calcium carbonate granulations for food, pharmaceutical, and other sectors.
- In February 2020, the Omya International AG and Idwala Industrial Holdings Ltd. formed a joint venture in South Africa to boost the portfolio of calcium carbonate and specialty chemical products.