Albany, NY, Feb. 17, 2015 (GLOBE NEWSWIRE) -- Transparency Market Research, in a recent report, studies the global calcium carbonate market and analyzes the structure, elements, and performance of the industry. According to the publication, the calcium carbonate market is poised to grow from US$15.66 billion in 2012 to US$25.01 billion by the end of 2019, presenting a compound annual growth rate (CAGR) of 7.0% from 2013 to 2019. The 102-page report, titled "Calcium Carbonate Market (GCC and PCC) for Paper, Plastic, Building & Construction and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019", is available for sale on the company website.
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The global calcium carbonate market is segmented on three fronts: Application, product, and region. By product the market is bifurcated into precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC). The rising applications of GCC in industries such as plastics, paper, and paints and coatings and in non-traditional end use industries will enable the GCC segment of the calcium carbonate market to grow at a 2.9% CAGR during the forecast period. On the other hand, the beneficial properties of PCC such as brightness, whiteness, and opaque visibility will help the segment grow at a CAGR of 3.9% from 2013 to 2019.
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Geographically, the global calcium carbonate market is categorized into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific held a 49.05% share of the total calcium carbonate volume in 2012, making it the largest regional market that year and overall. Registering a 4.4% CAGR during the forecast period, this region is also the second fastest growing market for calcium carbonate. Asia-Pacific owes this growth to the rapid industrial expansion in nations such as India and China. The consumption of calcium carbonate depends greatly on the growth of the paper industry. The demand for specialty papers such as packaging paper and tissue paper has risen in the Asia-Pacific region due to rise in hygiene awareness among the population, changing lifestyles, and higher education facilities.
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Europe was the second largest market for calcium carbonate in 2012, accounting for 23.7% of the global demand. North America followed next with a 20.7% share of the overall demand for calcium carbonate. The research report indicates that the calcium carbonate market in both these developed economies is expected to grow at a rather sluggish rate due to the closure or restructuring of paper mills. However, the use of calcium carbonate in non-traditional end uses is expected to help the markets recover over the course of the forecast period.
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The Rest of the World region, which includes the Middle East, Latin America, and Africa, is projected to be the fastest-growing regional segment of the calcium carbonate market, registering a 4.5% CAGR between 2013 and 2019.
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Calcium carbonate finds applications in industries such as plastic, paper, building and construction, agriculture, and pharmaceutical.
There are numerous key players in the global market, producing different kinds of calcium carbonate. The leading participants profiled in the research report are market Schaefer Kalk GMBH & Co KG, Omya Ag, Imerys, Shiraishi Kogyo Kaisha Ltd., Mississippi Lime Company, Solvay S.A., Excalibar Minerals, Minerals Technologies, Inc., Okutama Kogyo Co. Ltd., Huber Engineered Materials, Great Lakes Calcium Corp., and Maruo Calcium Co. Ltd.
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Source:Transparency Market Research