Calcium Carbonate Market Expected Growth Opportunities Forecast by 2029 | Know the Russia Ukraine Impact On Calcium Carbonate Industry
According to Fortune Business Insights™ The global calcium carbonate market size is projected to experience dynamic growth in the forthcoming years owing to the increasing demand for calcium carbonate from the medical sector, finds in its report, “Calcium Carbonate Market, 2022-2029”.
Calcium carbonate is beneficial for the human body for the betterment of bones, muscles, nervous system, and other parts of the body. It is also used as an antacid in order to cure upset stomach and indigestion. There has been a high demand for calcium carbonate in the medical sector owing to its usage as a dietary supplement or base material for medicinal tablets. Thus, this is a vital factor responsible for the growth of this market. Further, the calcium carbonate is also useful as a natural moisturizer which helps to protect the skin from dryness and becoming itchy and maintain its natural moisture. This is also an important factor driving this market’s growth.
However, the transportation cost for raw material required for the manufacturing of calcium carbonate is relatively high, which is anticipated to restrict the growth of this market.
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Russia-Ukraine War Implication
The Russia-Ukraine war could change the Calcium Carbonate Market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global Calcium Carbonate Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.
The European Union is pushing for more sanctions against Russia, including halting imports of nuclear fuel from Russia and excluding Russia’s top lenders from the SWIFT banking system. Moreover, Russia has also imposed similar sanctions on most EU countries. The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement.
List of Key Players Covered in the Calcium Carbonate Market Report:
- Omya AG
- Midwest Calcium Carbonate
- Mississippi Lime Company
- Minerals Technologies Inc.
- Calcinor S.A.
- Huber Engineered Materials
On the basis of type, this market is classified into Ground Calcium Carbonate (GCC) and Precipitated Calcium Carbonate (PCC). Based on end-user, the market is divided into paper, plastic, paints and coatings, adhesives and sealants, agriculture, chemical, construction, and others. By geography, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
This research report offers an in-depth study of the driving factors, restraints and trends influencing the growth of the market. In addition, this report offers a detailed evaluation of the market segments and regional developments in the market. Further, this report also incorporates a comprehensive analysis of the strategies adopted by market players to strengthen their position.
Rising Demand for Calcium Carbonate from the Food Industry to Fuel the Market
Calcium carbonate proves useful as a dietary supplement that can be added to various salts, which contain different volumes of pure or elemental calcium. Thus, there is an increasing demand for calcium carbonate from the food industry. This acts as an important factor driving this market’s growth. Further, the calcium carbonate helps to maintain blood pressure, cures fatty liver disease, helps in strengthening of bones, and several other body treatments. Thus, this is a crucial factor responsible for the growth of this market.
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Increasing Demand for Calcium Carbonate from Several End-User Industries to Boost the Asia Pacific Market Growth
Asia Pacific region is projected to dominate in the calcium carbonate market share on account of the increasing demand from numerous industries such as packaging, building and construction, and others.
North America region is anticipated to grow speedily in this market due to the large presence of calcium carbonate manufacturing companies in the countries such as the US and Canada.
Europe is projected to grow at a decent pace in this market due to the rising demand from the medical sector for the production of dietary supplements.
Increasing Production of Calcium Carbonate by Key Players to Feed Competition
The leading companies in the calcium carbonate market are focusing on the increasing production and distribution of calcium carbonate across several regions due to its high demand from various end-user industries. This has resulted in the increasing competition among key companies which will enable them to expand their business functions and strengthen their market presence.
November 2018: Omya AG launched new calcium carbonate under the brand name OmyaSmartfill 55-OM for use in biopolymers. This new product is designed particularly to be used as filler material for polylactic acid.
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