Calcite has impressive properties that makes it one of the most extensively used minerals. It has widespread adoption as a raw material in construction and agricultural sectors. Calcite demand has witnessed a steady spike, especially from the cement and agriculture industry which has provided an impetus to the augmentation of calcite market. Demand is also growing from the pharmaceutical industry, owing to calcite’s acid-neutralizing ability in preparing medicines.
Development of New Product Lines – Key Growth Expansion Strategy of Calcite Market Players
The rigorous competition in calcite market is prompting calcite manufacturers to incorporate innovation in manufacturing processes in order to move ahead of the competition. To capitalize on the growing demand for calcite from wide end-use industries, several leading players in calcite market are deploying numerous market strategies, such as new product lines, collaborations, innovative product development, partnerships, acquisitions, and expansion of existing facilities.
The calcite market is saturated with numerous domestic players, which has been posing a threat to the leading market players. To counter this, leading calcite manufacturers are increasingly focusing on entering into long-term tie-ups with end-user industries. In recent times, leading market players have been focusing on leveraging emerging opportunities in ASEAN, India, and China to expand their foothold in calcite market.
One of key strategies deployed by calcite market players is the establishment of on-site production facilities to offer superior Precipitated Calcium Carbonate (PCC) to paper mills. The growing number of smart initiatives by manufacturers, coupled with rising domestic players in calcite market are likely to make calcite market highly competitive in upcoming years. Some of the notable developments in calcite market include:
- Huber Engineered Materials (HEM), a subsidiary of the J.M. Huber Corporation, is purchasing agrichemical manufacturing company, Miller Chemical & Fertilizer LLC, from investment company, Dunes Point Capital LP. The Miller acquisition will accelerate HEM’s mission to create a diverse portfolio of competitively advantaged small to medium businesses in chemical and mineral markets.
- A leading player in calcite market, Omya AG, has introduced a new powdered energy drink concept named Omyafit to provide an all-in-one finished product solution to customers. The firm has utilized its exclusive Omya Calcipur natural calcium carbonate as a multifunctional processing aid to deliver good dispersion.
Detailed profiling of other leading players operating in calcite market has also been included in TMR report on calcite market. Key players operating in calcite market include Silver Microns Pvt. Ltd., Omya AG, J.M. Huber Corporation, Northern Minerals Co. LLC, Esen Mikronize Maden Nordkalk Corporation, Gulshan Polyols Ltd, MJ Minerals, Fimatec Ltd., Excaliber Minerals, Jay Minerals, Zantat Sdn. Bhd., Ajanta Industries, Wolkem, Shiraishi Calcium Kaisha Co., Ltd, Imerys S.A, Mississippi Lime, Lingcliffe Quarries Ltd, Minerals Technologies, Inc., White Rock Minerals, ASEC Company for Mining, Sudarshan Group, Okutama Kogyo Co. Ltd., Columbia River Carbonates Yuncheng Chemical Industrial CO., Ltd., Wolkem India Pvt Ltd, Krishna Minerals, and Maruo Calcium Co. Ltd.
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Burgeoning Demand from Paper Industry Creating Growth Opportunities
Calcite has been witnessing immense reception in paper industry, signifying growth in paper production, and this trend is expected to continue in the forthcoming years as well. Though both Ground Calcium Carbonate (GCC) and PCC are witnessing traction for the production of paper, PCC continues to be the favored material due to the operational flexibility it renders. The adoption of PCC in papers has enabled enhanced printing surfaces and brighter papers. Improved gloss as well as opacity are key attributes paving way for a wider application scope of PCC in diverse segments.
Beneficial Chemical Properties Underpinning Growth in Calcite Market
As calcite dampens shrinkage in adhesives and sealants, while enhancing their consistency and gap filling properties, it is witnessing steady adoption for these applications. The proliferating calcite adoption is expected to grow further due to the magnificent growth in the demand and production of adhesives, plastics, sealants, and polymers in recent past. Calcite has been witnessing high adoption in oil and gas sector, being used as an added substance in liquids that are connected in boring to regulate infiltration volume of fluids from the stone while penetrating. Furthermore, calcite’s growing utilization as a key calcium source in agriculture lime and animal feed is bringing a lot of traction to calcite market. Calcite’s wide uptake in diverse products such as dietary supplements, cosmetics, shaving creams, skincare and hair care products is accelerating sales.
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Demand for Fine-Sized Calcite Powder on Rise
With fine-sized calcite powder gaining ground due to its increased efficiency in filler applications in paints and coatings as well as polymer and plastic industry, manufacturers are focused on reducing the size of calcite to nano levels. The growing alterations in the size of calcite particles for diverse production processes are likely to bring tremendous changes in calcite market, there by paving way for immense market growth opportunities. Furthermore, the proliferating cement and paints & coatings sector is expected to drive calcite market in the near future.
Cyclic Nature of Mining Industry Restraining Growth
The mining industry is cyclic in nature due to which the prices of raw material often gravitate towards higher values, which is likely to have negative impact on calcite market growth. Similarly, volatilities and uncertainties in steel production can also influence the growth of the calcite market during the forecast period.
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