Asia Pacific Calcium Carbonate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Ground Calcium Carbonate (GCC) and Precipitated Calcium Carbonate (PCC)) and Application (Paper, Plastic, Paints and Coatings, Adhesives and Sealants, Building and Construction, and Others)
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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.
China, India, Japan, South Korea, and Australia are major economies in APAC. Escalating applications of calcium carbonate is expected to drive the market growth. The microbially induced calcium carbonate precipitation (MICP) technique finds applications in the remediation of soil and water contaminated by heavy metals as well as in the production of self-healing concrete (bioconcrete). In geotechnical and civil engineering applications, it can be employed as a sustainable and suitable option for improving the mechanical properties of soil. Being an environmentally friendly and economical methods, the demand for MICP is likely to increase in future, which provides lucrative growth opportunities for the APAC calcium carbonate market players. Calcium carbonate-based products are biodegradable and biocompatible. Calcium carbonate nanoparticles have potential application as drug carriers to target cancer tissues and cells. These potential applications of calcium carbonate, which are in research and development stages, are serving significant opportunities for the growth of the APAC calcium carbonate market in the future.
In case of COVID-19, APAC is highly affected specially India. The COVID-19 pandemic has been causing a significant economic loss in APAC. The consequence and impact 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 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 Asia Pacific 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.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC calcium carbonate market. The APAC calcium carbonate market is expected to grow at a good CAGR during the forecast period.
APAC Calcium Carbonate Market Segmentation
APAC Calcium Carbonate Market – By Type
- Ground Calcium Carbonate (GCC)
- Precipitated Calcium Carbonate (PCC)
APAC Calcium Carbonate Market – By Application
- Paper
- Plastic
- Paints and Coatings
- Adhesives and Sealants
- Building and Construction
- Others
APAC Calcium Carbonate Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Calcium Carbonate Market -Companies Mentioned
- GCCP Resources Ltd
- Imerys S.A.
- J.M. Huber Corporation
- LafargeHolcim
- Minerals Technologies Inc.
- OKUTAMA KOGYO CO.,LTD
- Omya AG
- SCHAEFER KALK GmbH & Co. KG
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC calcium carbonate market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC calcium carbonate market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the calcium carbonate market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution