Asia Pacific Calcium Carbonate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type and Precipitated Calcium Carbonate) and Application

Precipitated Calcium Carbonate (PCC) Segment is Expected to be Fastest Growing During 2021-2028 for APAC Region.

According to a new market research study on “APAC Calcium Carbonate Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type and Application,” is expected to reach US$ 17,133.46 million by 2028 from US$ 11,876.19 million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report provides trends prevailing in the APAC calcium carbonate market along with the drivers and restraints pertaining to the market growth.Escalating applications of calcium carbonate and growing demand for innovative products are the major factor driving the growth of the APAC calcium carbonate market. However, high operational cost hinders the growth of APAC calcium carbonate market.

In case of COVID-19, APAC is highly affected specially India. The COVID-19 pandemic has been causing a significant economic loss in APAC. The consequence and impact are likely to worsen with the spread of the virus. The governments of various APAC countries-imposed lockdowns in early 2020 to restrict the spread of the virus, which, in turn, negatively impacted on calcium carbonate market. The region holds high revenue share in the global coatings industry. The pandemic has had a major impact on the paint and coatings industry mainly due to decrease in demand from the automotive industry. Further, the paper industry is one of the seriously hit industries in the wake of the COVID-19 pandemic. However, new application segments such as food packaging, hygiene paper products, and medical specialty papers are mitigating the impact of COVID-19 on the industry. Governments of various countries in Asia Pacific have realigned their operations and restructured their production facilities. They are encouraging significant investments in infrastructure and construction activities to stimulate their economic growth. As a result, the demand for infrastructure-related coatings is expected to increase in future after the gradual mellowing of impact of the pandemic. Asian Paints, a paint company in Asia, is promoting safe painting campaign to boost their sales. Such campaigns are anticipated to increase the demand for DIY paints and coatings, thereby leading to market growth. Such government and private initiatives would provide growth opportunities for calcium carbonate market players in the coming years.

The APAC calcium carbonate market is segmented into the type, application, and country. Based on type, the APAC calcium carbonate market is categorized into ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC). In 2020, the ground calcium carbonate (GCC) segment is dominating the APAC calcium carbonate market attributable to lower price and better availability and precipitated calcium carbonate (PCC) segment is expected to be fastest growing during forecast period. Based on application, the APAC calcium carbonate market is categorized into paper, plastic, paints and coatings, adhesives and sealants, building and construction, and others. In 2020, the paper segment is dominating the APAC calcium carbonate market and others segment is expected to be fastest growing during forecast period.

GCCP Resources Ltd; Imerys S.A.; J.M. Huber Corporation; LafargeHolcim; Minerals Technologies Inc.; OKUTAMA KOGYO CO.LTD; Omya AG; and SCHAEFER KALK GmbH & Co. KG are among the leading companies in the APAC calcium carbonate market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Omya AG introduced.

The report segments the APAC Calcium Carbonate Market as follows:

APAC Calcium Carbonate Market - By Type

• Ground Calcium Carbonate (GCC)
• Precipitated Calcium Carbonate (PCC)

APAC Calcium Carbonate Market - By Application

• Paper
• Plastic
• Paints and Coatings
• Adhesives and Sealants
• Building and Construction
• Others

APAC Calcium Carbonate Market - By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

Reasons to buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC calcium carbonate market.
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the APAC calcium carbonate market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the calcium carbonate market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution