Nano Calcium Carbonate Market To Hit Value $17.66 Billion By 2030 |Grand View Research, Inc.

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Advancement in Technology Promotes Nano Calcium Carbonate…

San Francisco, 22 March 2024: The Report Nano Calcium Carbonate Market Size, Share & Trends Analysis Report By Application (Plastics, Rubber, Building & Construction), By Region (Asia Pacific, North America, Europe), And Segment Forecasts, 2023 - 2030

The global nano calcium carbonate market is expected to reach USD 17.66 billion by 2030, registering a CAGR of 9.7% over the forecast period, as per the new report by Grand View Research, Inc. The increasing demand for lightweight and high-strength materials in end-use industries, such as automotive and aerospace, is driving the growth of the industry. Nano calcium carbonate is a widely used material with a variety of applications, including as a filler in the production of plastics, in construction and infrastructure development, and as an abrasive. The increasing construction and infrastructure development in developing countries is driving the demand for building materials.

This, in turn, is driving the growth of the global industry. Nano calcium carbonate particles have unique properties that may make them attractive for use in certain applications. For example, they have improved chemical reactivity, higher surface area, and improved mechanical properties, which make them more suitable for use in certain products. The development of new technologies and processes for the production and use of nano calcium carbonate also contributes to market growth. The Asia Pacific region is the largest regional market due to the high demand from the plastics, rubber, and paints & coatings industries, in countries, such as China, India, and Indonesia.

The North America and Europe regions will also grow significantly due to the rising demand for high-performance and sustainable materials in various industries. Moreover, due to the pandemic, the product demand in the food and pharmaceutical industries was relatively stable, as these were among the essential industries that continued to operate during the pandemic. The demand for Personal Protective Equipment (PPE), such as face masks and gloves, also increased due to the pandemic, which has boosted the demand for nano calcium carbonate in the healthcare and medical sectors. Overall, the pandemic has had a negative impact on the industry; however, it has been mitigated by the stable demand for certain products and industries.

This is attributed to the increasing demand for environmentally friendly plastic materials with low CO2 emissions, sealants in automotive components, and rising demand for additives. The industry is expected to grow in the coming years due to the increasing demand for high-performance and sustainable materials in various industries. Asia Pacific is the largest regional market for nano calcium carbonate due to the high demand from the plastics, rubber, and paint and coatings industries in countries, such as China, India, and Indonesia.

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The markets in North America and Europe will also grow due to the increasing demand for lightweight and high-strength materials in the automotive and aerospace industries. Nano calcium carbonate is used as a filler and reinforcing agent in the plastics, rubber, and paints & coatings industries to improve the strength and performance of these materials. It is a natural material and its use can help reduce the carbon footprint of applications. This is driving the product demand in industries, such as construction and packaging, where sustainability is a key concern. The COVID-19 pandemic has had a mixed impact on the global market. The lockdown measures implemented to control the spread of the virus disrupted the supply chain and resulted in a decline in demand for certain applications.

Nano Calcium Carbonate Market Report Highlights

  • Plastics is the largest growing application segment with a CAGR of 10.0% on the account of its performance in plastic, it improves plastics strength, stiffness, and dimensional stability
  • The rubber application segment will grow significantly during the forecast period as the product is used to improve the physical properties of rubber applications and to reduce the cost of the finished application by replacing more expensive rubber polymers
  • The development of new processing technologies has made it possible to produce high-quality nano calcium carbonate with consistent particle size and high purity, which has increased its adoption in various industries
  • Asia Pacific is estimated to be the fastest-growing region from 2023 to 2030 due to the high demand from the plastics, rubber, and paints & coatings industries in countries, such as China, India, and Indonesia
  • North America will grow significantly over the forecast period owing to the presence of major end-use manufacturers and manufacturers of the product
  • Key players are constantly involved in new product development and strategic initiatives to gain a competitive edge in the global industry

On the other hand, the demand for certain applications, such as Personal Protective Equipment (PPE) and disinfectants, has increased due to the pandemic. Furthermore, the demand for the product in the food and pharmaceutical industries has been relatively stable, as these are essential industries that have continued to operate during the pandemic, which has boosted the demand for nano calcium carbonate in the healthcare, food & beverage, and medical sectors. Overall, the adverse impact of the COVID-19 pandemic has been mitigated by the stable demand for certain applications and industries mentioned above.

The plastics application segment dominated the industry in 2022 and accounted for the maximum share of 36.25% of the overall revenue. This is attributed to the product’s growing use in the plastics industry as it is a cheaper and more stable alternative to plastic resins, while also improving the physical properties of the finished application. Nano calcium carbonate, in particular, is a very fine, high-purity form of calcium carbonate that has a small particle size and a large surface area. This makes it an attractive choice for use in the plastic industry because it can improve the performance of the plastic in various ways, including increasing its strength, stiffness, and dimensional stability. Nano calcium carbonate is also commonly used as a filler material in the rubber industry.

Nano Calcium Carbonate Market Report Scope

Report Attribute

Details

Market size value in 2023

USD  9.14 billion

Revenue forecast in 2030

USD 17.66 billion

Growth rate

CAGR of 9.7% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

It is used to improve the physical properties of rubber applications and to reduce the cost of the finished application by replacing more expensive rubber polymers. It can also improve the processing characteristics of the rubber, such as its flowability and moldability. It is typically used in small amounts, typically around 1-10% by weight, depending on the application. The growth of end-use industries is expected to further accelerate the market growth over the forecast period. The development of new processing technologies has made it possible to produce high-quality nano calcium carbonate with consistent particle size and high purity, which has increased its adoption in various industries. The increasing construction and infrastructure development in developing countries is driving the demand for building materials, which is in turn driving the growth of the industry.

List of Key Players of Nano Calcium Carbonate Market

  • 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.
  • 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.

 

 

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