The Global Nano Calcium Carbonate Market Will Grow At Highest Pace Owing To Its Usage As An Effective Pigment And Extender In Paints And Coatings Industry
Global Nano Calcium Carbonate Market |
The nano calcium carbonate market comprises products in the nanometer range that exhibit distinct optical, physical and chemical properties compared to conventional calcium carbonate. Nano calcium carbonate offers superior reinforcement and dispersion abilities, hydrophobicity and UV protection. It is widely used as an effective pigment and extender in paints and coatings, plastics, rubber, paper, adhesives and sealants industries.
The Global Nano Calcium Carbonate Market is estimated to be valued at US$ 8.72 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Global Nano Calcium Carbonate are 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., 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. The demand for Nano
calcium carbonate is growing rapidly with increased usage in paints, coatings,
rubber and plastic industries.
The Nano
Calcium Carbonate Market Demand imparts it with unique reinforcing,
strengthening and stabilization properties compared to conventional fillers.
Its production through eco-friendly processes further enhances its demand. Key
players are focusing on capacity expansion to capitalize untapped
opportunities.
Technological advancements have enabled mass production of nano calcium
carbonate with controlled uniform particle size and defined morphology. This
has boosted its demand across industries where particle size and characteristic
greatly influence product performance.
Market Trends
Growing demand from paints and coatings industry: Nano calcium carbonate is
widely being used as an extender and pigment in interior and exterior
architectural paints owing to its unmatched benefits.
Growing preference for bio-based and eco-friendly materials: Production of nano
calcium carbonate through environmentally sustainable processes such as
carbonation technology is gaining traction.
Market Opportunities
Stimulating demand from plastic and rubber industries: Emerging applications of
reinforced plastics and rubber in automotive and medical industries can boost
uptake of nano calcium carbonate as an effective reinforcement additive.
Usage in 3D printing applications: Nanoparticles of calcium carbonate show
potential for use as build material in 3D printing of medical implants and
prototypes where fine features and accuracy are required.
Impact of COVID-19 on the Global Nano Calcium Carbonate Market
The COVID-19 pandemic has affected the growth of the global nano calcium
carbonate market. During the initial months of the pandemic, when lockdowns
were imposed across various countries, the demand and supply chain were
disrupted. This led to a decline in the demand from end-use industries such as
plastics, paper, construction, adhesives, and sealants. The shutdown of
manufacturing facilities impacted the production of nano calcium carbonate.
However, with gradual lifting of lockdowns and resumption of economic
activities, the market is recovering. The demand from the packaging industry is
driving growth as more people are preferring packaged foods due to safety and
hygiene concerns. Additionally, the construction industry in China and other
Asian countries bouncing back stronger than expected is boosting consumption.
Meanwhile, companies are focusing on digital and technological advancements to
stabilize supply networks and meet the rising demand. The nano calcium
carbonate market is expected to gain momentum in the coming years on the back
of rapid industrialization and infrastructure development activities globally.
Geographical Regions with High Concentration in the Global Nano Calcium Carbonate
Market
The Asia Pacific region holds the largest share in the global nano calcium
carbonate market in terms of value. Countries such as China, Japan, and South
Korea dominate the regional market owing to their expanding construction,
automotive, packaging, and paints & coatings industries. China, being the
world's leading producer and consumer of plastics and construction materials,
accounts for the major demand. Abundant availability of raw materials and
low-cost manufacturing have supported the growth of the market in China.
Fastest Growing Region in the Global Nano Calcium Carbonate Market
North America is projected to be the fastest growing region in the global nano
calcium carbonate market during the forecast period. This is ascribed to
surging demand from various end-use industries across the US and Canada.
Continuous product innovation, rapid industrialization, and increasing per
capita plastic consumption will fuel the market expansion. Presence of leading
market players and availability of advanced production facilities are also
driving the nano calcium carbonate consumption in the region.
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Nano Calcium Carbonate Market
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