It is majorly used as a functional filler in plastics to enhance mechanical, thermal and aging properties of plastics; as reinforcing and extending filler in rubber products; as a functional pigment in coatings, inks and paints for properties like better brightness, opacity and tinting strength. It also finds usage in sealing materials, ceramics and other construction related applications due to its strength properties. The increasing demand from end-use industries like plastics, rubber and coatings is driving the growth of the global nano calcium carbonate market.
The Global nano calcium carbonate market is estimated to be valued at US$ 8.72 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Global Nano Calcium Carbonate are Imerys, Minerals Technologies, Inc., Nanomaterials Technology Co., Ltd., Shanghai Yaohua Nano-Tech Co., Ltd., Hebei Lixin Chemistry Co., Ltd., Omya AG, Yuncheng Chemical Industrial Co., Ltd., Chu Shin Chemical Co., Ltd., Enping Yueyi Chemistry Industry Co., Ltd., Fujian Sanmu Nano Calcium Carbonate Co., Ltd., Guangdong Qiangda New Materials Technology Co., Ltd. These players are focusing on capacity expansion to strengthen their market position.
The key opportunities in the Nano Calcium Carbonate Market Demand include development of new nano calcium carbonate grades for high performance applications in polymer composites, coatings, and cosmetics. Growing demand from Asia Pacific region owing to increasing industrial activities will also create growth avenues.
Major players are expanding globally especially in Asia Pacific and North America through acquisition of local players and setting up of new production facilities to cater to the growing demand. For instance, Imerys expanded its production capacity in India to meet the domestic demand for polymer fillers and coatings applications.
Market Drivers: Extensive usage of nano calcium carbonate in plastics as a cheap and effective reinforcing filler to enhance properties is a major market driver. Growing consumption of plastic products worldwide is fueling the demand. Secondly, increasing industrial activities in Asia Pacific region coupled with growth in end-use industries will drive the nano calcium carbonate consumption.
Market Restrain: Availability of substitutes like precipitated calcium carbonate (PCC) at lower prices compared to nano calcium carbonate can hamper the market growth over the forecast period. Secondly, increasing environmental regulations regarding mining and processing activities related to nanomaterials may pose a challenge.
Segment Analysis
The global nano calcium carbonate market can be segmented based on type, application, end use industry, and region. Based on type, the precipitated calcium carbonate segment holds the largest market share owing to their high whiteness and brightness. It finds widespread applications in paper, plastic, and rubber industries where opacity and brightness play a crucial role.
Application-wise, the plastic segment dominates the market. Nano calcium carbonate is increasingly used in plastic packaging, food packaging, medical packaging, and automotive parts owing to its property of improving mechanical strength and thermal stability of plastics.
In terms of end use industry, the paper industry accounts for the major share of the nano calcium carbonate market. Nano calcium carbonate enhances the optical properties and improves surface qualities and printability in paper. It also reduces production costs and energy consumption in paper manufacturing.
Regional Analysis
Asia Pacific dominates the global nano calcium carbonate market and is expected to maintain its leading position during the forecast period. This can be attributed to the large production bases and growing demand from industries such as paper, plastic, and rubber in China, India, Japan, and other Asian countries. Furthermore, domestic manufacturers in China are offering products at competitive prices, propelling the regional market.
Europe and North America are other major markets driven by established end use industries and stringent environmental regulations regarding the use of hazardous chemicals in various applications. However, the Asia Pacific market is anticipated to witness the highest growth rate during the forecast period with the increasing industrial and infrastructure development activities in the region.
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