India Calcium Carbonate Market to Grow with a CAGR of 2.95% through 2029
Growing demand of calcium carbonate in paper industry is
expected to drive the India Calcium Carbonate Market growth in the forecast
period, 2025-2029.
According to TechSci Research report, “India
Calcium Carbonate Market- By Region, Competition, Forecast
and Opportunities, 2019-2029”, the India Calcium Carbonate Market stood at USD 244.31 thousand tonnes in 2023 and is anticipated to grow with a CAGR of 2.95% in the forecast
period, 2024-2029. Initiatives taken by government based on Calcium Carbonate has
led to favorable market conditions for the India Calcium Carbonate Market.
Several factors contribute to the growth of various Calcium Carbonate products. The Indian government, recognizing the immense
potential of the calcium carbonate industry, has been actively working to
attract foreign direct investments (FDIs) into the country. By offering
attractive incentives and fostering a conducive business environment, the
government aims to entice international companies to set up their operations in
India. This not only injects capital into the economy but also facilitates the
transfer of advanced technologies and best practices, thereby propelling the
growth of the calcium carbonate market in India to new heights. Furthermore, in line with its commitment to combat
climate change, the Indian government has taken a proactive step by drafting a
comprehensive roadmap for carbon capture utilization and storage (CCUS) to be
achieved by 2030. This ambitious initiative presents a significant opportunity
for the calcium carbonate market as this versatile compound can be effectively
utilized for carbon capture purposes. With the potential to contribute to
greenhouse gas reduction efforts, this initiative is expected to create a
ripple effect, driving further demand for calcium carbonate and opening up new
avenues for growth and innovation in the industry.
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Calcium Carbonate Market.”
Calcium carbonate, a vital component in the paper
industry, plays a pivotal role in enhancing the quality of paper. It serves as
a versatile filler material during the papermaking process, effectively
improving the brightness, opacity, and overall appearance of the end product.
By imparting a smoother surface to the paper, it enhances printability,
resulting in sharp and vibrant printed materials.
Furthermore, the use of calcium carbonate in paper
production not only enhances paper quality but also contributes to the
sustainability of the industry. By reducing the reliance on tree pulp, it
promotes an eco-friendlier and resource-efficient approach. This eco-conscious
production process aligns with the growing global focus on environmental
sustainability. The demand for high-quality paper has been steadily
increasing, particularly in sectors such as packaging and print media. These
industries are driven by the need for brighter, thicker, and smoother paper to
meet the evolving requirements of their customers. As a result, the consumption
of calcium carbonate has correspondingly surged. The packaging industry, in particular, favors paper
packaging due to its lightweight nature, recyclability, and the added benefits
provided by calcium carbonate. This versatile mineral can enhance the visual
appeal and durability of paper packaging, making it an excellent choice for
product packaging and branding. Similarly, the print media sector seeks paper
with high brightness and smoothness to achieve optimal printing results,
ensuring that graphics and text appear sharp and vibrant. In summary, calcium carbonate's presence in the paper
industry is indispensable. Its multifaceted contributions, ranging from improving
paper quality to promoting eco-friendliness, make it an essential ingredient
that meets the growing demands of various sectors for high-quality paper
products.
The India Calcium Carbonate Market is segmented into type,
end user, regional distribution, and company.
Based on its type, the Precipitated Calcium Carbonate
segment held the largest market share in the forecast period. It is a novel
lime-derived substance with numerous industrial applications. It is produced by
hydrating high-calcium quicklime and reacting the resultant slurry with carbon
dioxide. The resulting chemical reaction transforms the lime into a bright
white powder with a homogeneous narrow particle size dispersion. PCC, or Precipitated Calcium Carbonate, is available
in various crystal morphologies and sizes that can be precisely adjusted to
enhance performance in a wide range of applications. Its versatility makes it a
sought-after ingredient in industries such as food and beverages,
pharmaceuticals, rubbers, PVC/plastics, paints, adhesives and sealants, and
thermal and electrical insulators. One of the key advantages of PCC is its role as a
substitute for additives and wood pulp in the manufacturing of high-quality
paperboard and paper. Not only does it impart desirable properties to the end
product, but it also proves to be a cost-effective mineral, making it a popular
choice in the paper industry. With its unique characteristics and diverse
applications, PCC continues to be a valuable component in various industrial
processes, contributing to the development of innovative and sustainable
solutions. Based on region, West India segment is expected to
grow during the forecast period.
The presence of well-established manufacturing
facilities for calcium carbonate and its related products in a specific region
can significantly contribute to its dominance in the market. These facilities,
equipped with state-of-the-art technology and advanced production processes,
are able to efficiently manufacture and deliver high-quality calcium carbonate
products to meet the increasing demand. Additionally, the region's robust
supply chain logistics ensure seamless transportation and timely delivery,
further enhancing its competitive edge in the industry.
Major companies operating in India Calcium Carbonate
Market are:
- Aranthangi Chemicals Pvt. Ltd. (ACPL)
- Calchem Industries, Ltd.
- Chemical & Mineral Industries Pvt. Ltd.
- Indo Chemicals Pvt. Ltd.
- Tata Chemicals Limited
- Mountain Minerals and Microns, Ltd.
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“Growing application of Calcium Carbonate in various
end user industries are key drivers of the Calcium Carbonate market. Growth in
competitive landscape and presence of well-established companies in the market
who are dedicated to enhance their productivity of Calcium Carbonate with every
passing year are anticipated to register an impressive growth to India Calcium
Carbonate Market in the forecast period.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“India Calcium Carbonate Market
By Type (Ground
Calcium Carbonate, Precipitated Calcium Carbonate), By End User (Paper,
Adhesives & Sealants, Plastics, Paints & Coatings, Construction, Others),
By
Region, By Competition Forecast
& Opportunities, 2019-2029”, has evaluated the future growth potential of India
Calcium Carbonate Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in India Calcium
Carbonate Market.
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