San Francisco, 6 December 2018: The global nanocalcium carbonate market is
expected to reach USD 9.65 billion by 2024, according to a new report by Grand
View Research, Inc. Rising demand for nano calcium carbonate owing to
increasing product usage in the end use industries including inks and
pharmaceuticals on account of its superior dispersion properties is expected to
drive the demand over the forecast period. Rising trend of people moving to
urban centers in emerging regions including Asia Pacific and the Middle East is
expected to drive the market over the next eight years.
Surging application scope in the paper
industry pertaining to increasing usage of the product in paper processing is
expected to drive the demand over the next eight years. Growing technological
shift of paper industry from acid to alkaline-based process is expected to fuel
the market over the forecast period.
Building & construction accounted for
over 25% of the market in terms of revenue in 2015. The growth is accounted by
increasing use of the product in building materials such as sealants and
adhesives to improve the thermal expansion & resistance and improved workability.
This, in turn, is likely to drive the market demand over the next eight years.
Access
Research Report of Nano Calcium Carbonate
Market @ www.grandviewresearch.com/industry-analysis/nano-calcium-carbonate-market
Further key findings from the report suggest:
· The global nano calcium carbonate market
demand in terms of volume was around 19 million tons in 2015 and is expected to
cross 40 million tons by 2024, recording a CAGR of 8.7% from 2016 to 2024.
· Plastics is expected to be the fastest
growing application segment registering a CAGR of around 9% from 2016 to 2024
accounting for over 20% of total market volume in 2015. Growing product demand
in the plastics industry on account of its improved stability, easy processing,
wear resistance and low-cost availability is likely to fuel the demand over the
next eight years.
· Rubber industry is expected to register a
CAGR of over 8.3% from 2016 to 2024. Growing application scope of nano calcium
carbonate in rubber processing industry on account of its ability to improve
the toughness, hardness, and wear resistance of acrylonitrile–butadiene–styrene
(ABS) rubber is likely to fuel the growth over the forecast period.
· Others segment include applications in
automotive, inks and pharmaceuticals. This segment is expected to grow at a
CAGR of 8.9% from 2016 to 2024. Growing use of adhesives and sealants in the
automotive industry to join various metal and material substrates in the
vehicle body fabrication coupled with rising R&D activities to improve the
overall vehicle performance is likely to drive the demand for nano calcium
carbonate in the automotive industry over the forecast period.
· Asia Pacific accounted for a significant
market share of over 40% in 2015. Cost effective manufacturing owing to cheaper
raw material availability and indigenous production is expected to drive the
growth. The region is also projected to witness a CAGR of 8.4% over the
forecast period.
· The industry is moderately fragmented with
the presence of a large number of prominent market participants across the
globe. Some leading companies operating in the global market include Specialty
Minerals Inc., Imerys Performance Minerals, Omya, Enping Yueyi Chemistry
Industry Co.,Ltd, Fujian Sanmu Nano Calcium Carbonate Co.,Ltd, and Mittal
Enterprises (ShengdaTech, Inc.). Yuncheng Chemical Industrial Co., Ltd. has
been specializing in manufacturing nanometer colloidal calcium carbonate,
precipitated calcium carbonate as well as basic magnesium carbonate and
gymnastic chalk & powder. In 2013, the company ended the strategic alliance
with Jia Dah Chemical Industrial Co., Ltd. and started to market and distribute
calcium carbonate directly to its customers.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/nanoparticles
Grand View Research has segmented the fire
resistant glass market by product, application, and region.
Global Nano Calcium Carbonate Outlook
(Revenue, USD Million, 2013 - 2024)
·
Plastics
·
Rubber
·
Construction & Building
·
Others
Global Nano Calcium Carbonate Regional
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa
Access Press Release of
Nano Calcium Carbonate Market@ www.grandviewresearch.com/press-release/global-nano-calcium-carbonate-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business decisions,
we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
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