The
global Nano
Calcium Carbonate Market size is expected to reach USD 6,033.3
million by 2025, according to a new report by Grand View Research, Inc.
expanding at a CAGR of 8.9% over the forecast period. Growth of construction
industry is expected to be one of the key drivers for the market.
Nano
calcium carbonate is used as a filler in the production of construction
materials like adhesives & sealants, paints & coatings, and cement. The
demand for aforementioned construction materials is triggered by the steady
demand from new construction activities.
China,
India, and the U.S. are likely to account for majority of the new construction
projects globally. In 2018, China witnessed the construction of the maximum
number of high-rise buildings as compared to any other country in the world. As
per the statistics given by the Council on Tall Buildings and Urban Habitat
(CTBUH), China accounted for nearly 61.5% of the construction of new high-rise
buildings in 2018.
In
the U.S., private house completion increased by 5.5% from April 2018 to April
2019. Thus, the growth of construction industry, especially in the
above-mentioned nations, is likely to propel the demand for construction
materials such as adhesives & sealants, paints & coatings, and cement,
thereby, aiding the growth for nano calcium carbonate.
Nano
calcium carbonate has the ability to decrease the overall volume formulation of
rubber, which, in turn, reduces the cost of the final product. In addition,
rubber manufactured using nano calcium carbonate offers good anti-bending
capability, smooth surface, high tension resistance strength, and high
anti-avulsion strength. Ascending demand for the product from rubber industry
as an effective and cheap substitute to carbon black is expected to drive the
industry over the forecast period.
The
multinational companies are focusing on expansion and development of the
product. In 2018, Minerals Technologies, Inc. developed a nano calcium
carbonate product for automotive and construction applications. In addition,
between 2017 to 2019, it has collaborated with various companies in India,
China, and Malaysia to increase the production capacity of precipitated calcium
carbonate for application in paper industry.
The
nano calcium carbonate market is characterized by the presence of several small
and medium-sized enterprises (SMEs) as well as multinational conglomerates. A
majority of the SMEs including Shenyang Talc Chemical Co., Ltd. and Jiangsu
XFNANO Materials Tech Co., Ltd are located in China and mostly cater to the
regional market of South East Asia.
Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/nano-calcium-carbonate-market
https://www.grandviewresearch.com/industry-analysis/nano-calcium-carbonate-market
Further key findings from the report suggest:
- In terms of
revenue, plastics segment is anticipated to reach USD 2,210.5 million by
2025. The growth of plastics segment is attributed to the increasing
demand from construction and packaging industries in China, India, and the
U.S.
- Plastics
application dominated the global industry with a revenue share of 34.2% in
2018
- In terms of
revenue, building & construction segment is likely to observe a CAGR
of 9.1% from 2019 to 2025. Developing countries such as India, Malaysia,
Indonesia, and others are expected to drive the segment growth.
- Asia Pacific
is anticipated to observe a highest growth rate of 9.4% in terms of revenue
from 2019 to 2025
- North
America is projected to witness a significant growth rate of 8.7%, in
terms of revenue, over the forecast period. The steady growth in the
construction activities in the U.S. is likely to positively influence the
product demand
- The key
companies are looking for expansion through inorganic growth strategies.
For instance, in December 2017, Imerys acquired Micron-Ita Indústria e
Comércio de Minerais Ltda. The acquired company is engaged in production
of micronized ground calcium carbonate for polymer applications.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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