Calcium Carbonate Market to Grow 5.7%
The calcium carbonate market is forecast to grow at a compound annual growth rate (CAGR) of 5.7% in value from 2015 to 2020, according to “Global Calcium Carbonate Market 2015-2020: Trend, Forecast, and Opportunity Analysis,” a new report from Research and Markets.
The major growth driver is reportedly increasing paper demand from the packaging and printing market.
In this market, ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC) are used as fillers in adhesives, sealants, paper, plastic, coatings, and rubber. The demand for ground calcium carbonate will remain the largest segment during the forecast period, according to the report.
On the basis of its comprehensive research, PCC is expected to have the highest growth during the forecast period, supported by increasing penetration and its attractive properties of high brightness, purity, and absorption level.
Asia Pacific will reportedly remain the largest market, due to higher production of paper and plastics in China and India. North America and Europe are expected to grow over the forecast period due to growth in the paper, plastic, and coating demand.
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