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Asia Pacific Calcium Carbonate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type and Application

Asia Pacific Calcium Carbonate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type and Application

  • July 2021
  • 103 pages
  • ID: 6134568
  • Format: PDF
  • The Insight Partners


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The APAC calcium carbonate market is expected to grow from US$ 11,876.19 million in 2021 to US$ 17,133.46 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The growing demand for innovative products is expected to surge the APAC calcium carbonate market. In recent years, there has been significant research for exploring the methods of synthesizing nano and micro-sized calcium carbonate particles having specific sizes, polymorphs, and morphologies. These non-toxic particles feature high porosity, high surface area to volume ratio, and biocompatibility. The increasingly high demand for nano-calcium-carbonate particles in chemical, biological, and industrial applications is expected to drive the APAC calcium carbonate market growth in the coming years. Various paper-based objects are subject to natural deterioration due to presence of internal and external factors such as presence of humidity, as well as exposure to pollutants, light, and high temperatures, etc. This issue can be overcome with the use of nano-calcium carbonate in paper production as it improves deacidification by penetration into the bulk of the paper. Macro-calcium-carbonate finds applications in building the skeletons of hardened cementitious composites to provide strength. Calcium carbonate-reinforced polypropylene is a homopolymer polypropylene resin, and fine calcium carbonate particles are used to reinforce it. The resin is mainly used in electrical components, automotive industry, housewares, and various utility products. Thus, the surging demand for innovative products derived from calcium carbonate particles would propel the APAC calcium carbonate market growth in the coming years.
The COVID-19 outbreak highly affected APAC, specially India.The COVID-19 pandemic has been causing a significant economic loss in APAC.

The consequences and impacts are likely to worsen with the spread of the virus.The governments of various APAC countries imposed lockdowns in early 2020 to restrict the spread of the virus, which, in turn, negatively impacted on calcium carbonate market.

The region holds high revenue share in the global coatings industry.The pandemic has had a major impact on the paint and coatings industry mainly due to decrease in the demand from the automotive industry.

Further, the paper industry is one of the seriously hit industries in the wake of the COVID-19 pandemic. However, new application segments such as food packaging, hygiene paper products, and medical specialty papers are mitigating the impact of COVID-19 on the industry. Governments of various countries in APAC have realigned their operations and restructured their production facilities. They are encouraging significant investments in infrastructure and construction activities to stimulate their economic growth. As a result, the demand for infrastructure-related coatings is expected to increase in future after the gradual mellowing of impact of the pandemic. Asian Paints, a paint company in Asia, is promoting safe painting campaign to boost their sales. Such campaigns are anticipated to increase the demand for DIY paints and coatings, thereby leading to market growth. Such government and private initiatives would provide growth opportunities for calcium carbonate market players in the coming years.
The precipitated calcium carbonate (PCC) segment, based on type, is expected to be fastest growing during the forecast period in APAC.PCC is another lime-derived compound with numerous commercial uses.

PCC is created by hydrating high-calcium quicklime and then reacting the resultant slurry, sometimes known as "milk-of-lime," with carbon dioxide.Products can be manufactured with very small sizes, large surface areas, high oil absorptions, or varied powder bulk densities, ranging from ultra-low to super-high powder densities, using the PCC method.

PCC has numerous forms that can be used as a functional additive in sealants, adhesives, plastics, rubber, inks, paper, pharmaceuticals, nutritional supplements, and various other uses.The milk of lime technique uses direct carbonation of hydrated lime to produce PCC.

Owing to its capacity to achieve small particle sizes and specific crystal forms, PCC has a wide range of industrial applications. PCC boosts impact strength in rigid polyvinyl chloride (PVC), such as vinyl siding and fencing, with some of the smaller particles that can replace costlier impact modifiers. PCC is a common ingredient in calcium-based antacid pills and drinks because it is an effective acid neutralizer. As PCC has a high calcium concentration, it can be used to make high-dose calcium supplements and multivitamin/mineral tablets. The production of superior taste calcium-fortified foods and beverages is aided by the small particle sizes and specific particle shapes. Precipitated calcium carbonate is the least expensive mineral for making high-quality paper and paperboard by replacing more expensive wood pulp, additives, or other minerals. Given above advantages of PCC is expected to increase its demand in coming years, which, in turn, is likely to drive the APAC calcium carbonate market.
The overall APAC calcium carbonate market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the APAC calcium carbonate market.

The process also serves the purpose of obtaining overview and forecast for the APAC calcium carbonate market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the APAC calcium carbonate market. GCCP Resources Ltd; Imerys S.A.; J.M. Huber Corporation; LafargeHolcim; Minerals Technologies Inc.; OKUTAMA KOGYO CO.,LTD; Omya AG; and SCHAEFER KALK GmbH & Co. KG are among a few players operating in the APAC calcium carbonate market.

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