Asia-Pacific calcium carbonate market is estimated to grow at a CAGR of 4.1% during the forecast period. Significant growth in end-user industries such as plastics, paper, and paints and coatings industry is primarily driving the demand for calcium carbonate in the region. China holds the largest share in the plastics manufacturing globally, which is followed by Europe and NAFTA. Plastics manufacturing has also witnessed significant growth in India. For instance, as per the India Brand Equity Foundation (IBEF), the Indian plastics industry hosts over 2,000 exporters and comprises over 30,000 processing units, 85–90% of which are SMEs.
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In August 2020, the country exported plastics valued at $838 million, and the export during April–August 2020 was $3.9 billion. This is resulting in potential demand for calcium carbonate which is one of the most renowned mineral fillers that are utilized in the plastics industry. It is used as an additive in plastic compounds to reduce the surface energy and offers surface gloss and opacity, which improves surface finish. Calcium carbonate powder has applications across polyvinyl chloride (PVC) pipes, footwear, cables, leather, flooring, and more. Specialized grades of calcium carbonate are utilized in the manufacturing of tensile and rigid PVC pipes.
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Asia-Pacific Calcium Carbonate Market-Segmentation
By Type
- Ground Calcium Carbonate
- Precipitated Calcium Carbonate
By End-User Industry
- Paper
- Adhesives and Sealants
- Plastics
- Paints and Coatings
- Construction
- Others
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