Product ID: SQMIG15E2135
Global Calcium Carbonate Market Size, Share, Growth Analysis, By Type(Ground Calcium Carbonate (GCC), Precipitated Calcium Carbonate (PCC)), By End-User(Paper, Plastic) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2135 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
68 |
Figures:
75
Global Calcium Carbonate Market Dynamics
Calcium Carbonate Market Driver
- One of the essential basic ingredients used in the creation of paper and polymers is calcium carbonate. The APAC calcium carbonate market is observing significant demand for paper from a variety of end-use industries despite the rapid digital change. The use of paper packaging has expanded as a result of the economic growth in APAC's developing nations. The majority of the consumer paper produced in the region is produced in China, India, and South Asian nations. The growth of the e-commerce industry in China and India has also increased demand for corrugated packaging materials. The food, medical, educational, stationery, and personal care industries all employ paper packaging.
Calcium Carbonate Market Restraint
- One of the most important factors affecting the production in calcium carbonate market is the higher chances of non-availability of raw material in the required quantity at any time. To ensure the desired quantities are available all the time, the manufacturing facility has to design to required scale that majorly includes a reserve capacity that can be used for production if technical difficulties arise. To ensure supply reliability, a logistics system that allows for rapid transfer of supply from one production site to the other must be established. Simultaneously, transportation expenses must be kept within economically reasonable ranges. The logistics costs for calcium carbonate stands at around 25% of the selling price. However, it may tend to differ from time to time.
- Various companies have recently increased the price of products made from calcium carbonate to address th issue of increased the price of raw materials and transport. The extra cost of carrying PCC from the manufacturing site to the paper mill raises the entire transportation cost. As a result, Mineral Technologies, one of the leading companies, is establishing satellite operations near paper mill manufacturing facilities to minimize costs. To save money, some companies transport calcium carbonate in a liquid state, although it may have an effect on product quality. As a result, the rising cost of transporting calcium carbonate from one location to other acts is likely to leave negative impact on the calcium carbonate market during the forecast period.
Global Calcium Carbonate Market Report Snapshots
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