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

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

  • July 2021
  • 85 pages
  • ID: 6134779
  • Format: PDF
  • The Insight Partners

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The SAM calcium carbonate market is expected to grow from US$ 1,527.70 million in 2021 to US$ 1,907.81 million by 2028; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028. The burgeoning requirement on the back of thriving paints and coatings industry is expected to escalate the market growth. Paints and coatings are mainly used in construction projects for protection and decoration. These are also used in interior and exterior house paints, primers, sealers, and varnishes. Construction activities are increasing due to supportive government initiatives. Manufacturers in the paint and coating market are continuously introducing new, high-performance, and environment-friendly products. Calcium carbonate has a unique white color that makes it a preferred pigment option in coating applications. It provides improved paint sheen, opacity, and wear resistance, among others. It is appropriate for the uppermost coats due to high gloss retention. Therefore, calcium carbonate is extensively being used in the paint and coating industry. The automotive industry is another segment generating high demand for paint and coating products, thereby fueling the SAM calcium carbonate market growth.
SAM reported a high number of COVID-19 cases, especially in Brazil, followed by Ecuador, Chile, Peru, and Argentina.Governments of these countries have taken several actions to protect their citizens and contain COVID-19 spread.

Nevertheless, they are experiencing lower export revenues, both from the drop in commodity prices and reduction in export volumes, primarily due to limited trades in China, Europe, and the US.In addition, containment measures in several South and Central American countries have hampered the performance of the chemicals & materials industry and has led to the suspension of infrastructure and construction activities.

The slowdown of raw material production; instability in supply chains; deceleration of trade movements; decrease in construction, automobile, and paint and coatings demand are the key conditions that are hammering the SAM calcium carbonate market amid the COVID-19 pandemic.The demand for calcium carbonate is most closely linked with industries such as paper, automotive, plastics, and building and construction, which are facing business uncertainties.

Decrease in paper consumption from educational institutes, corporate offices, and newspaper and printing industry has hindered the paper industry growth which has directly impacted the SAM calcium carbonate market.
The ground calcium carbonate (GCC) segment led the SAM calcium carbonate market based on type in 2020.Natural high purity calcite ores with CaCO3 as a primary component are used to make ground calcium carbonate.

GCC makes up about 10% of all sedimentary rocks exposed on the planet’s surface.Crushed or ground calcium carbonate can be made from either limestone or marble.

The quality of the GCC is determined by three key characteristics: particle size, color, and chemical purity.The grinding process is energy-intensive due to the hardness of GCC.

Phosphates and acrylates, among other anionic dispersants, are used as grinding aids to make the resulting slurry more colloidally stable. GCC color ranges from bright white to light grey, and its chemical purity varies from 80% to 90% calcium carbonate to well over 99.9%. Adhesives and sealants, animal and pet food, construction, fertilizers, glass and ceramics, paint and surface coating, paper filler and coating pigments, plastics, rubber and elastomers are just a few of the applications for ground calcium carbonate. Advantage of GCC such as high brightness, light scattering characteristics, and less expensive are expected to increase its demand, which will, in turn, propel the growth of the SAM calcium carbonate market.
The overall SAM 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 SAM calcium carbonate market.

The process also serves the purpose of obtaining overview and forecast for the SAM 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 SAM calcium carbonate market. Imerys S.A., J.M. Huber Corporation, LafargeHolcim, Minerals Technologies Inc., and Omya AG are among a few players operating in the SAM calcium carbonate market.

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