Nano Calcium Carbonate Market Share, Size, Trends, Industry Analysis Report, By Application (Plastics, Rubber, Building & Construction); By Region; Segment Forecast, 2023 - 2032
- Published Date:May-2023
- Pages: 115
- Format: PDF
- Report ID: PM3220
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The nano calcium carbonate market was estimated at USD 8.57 billion in 2022, and it is expected to expand at a CAGR of 9.8% from 2023 to 2032. This is linked to rising demand for additives, sealants in automotive components, and ecologically friendly plastic materials with low CO2 emissions. Due to the rising need for high-performance and sustainable materials across a variety of industries, the industry is anticipated to expand in the upcoming years. Due to the significant demand from the plastics, rubber, paint, and coatings industries in nations like China, India, and Indonesia, the Asia Pacific area is the largest regional market for nano calcium carbonate.
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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.
Due to the rising need for lightweight and high-strength materials in the automotive and aerospace industries, the markets in North America and Europe will also expand. The plastics, rubber, and paints & coatings industries use nano calcium carbonate as a filler and reinforcing agent to increase the strength and performance of these materials. Because it is a natural substance, its use can lessen the environmental impact of applications. This is fueling the demand for products in sectors like packaging and construction where sustainability is a major concern. On the global market, the COVID-19 pandemic has had a conflicting effect. The supply chain was interrupted by the lockdown measures used to stop the virus's spread, which decreased demand for several products.
Industry Dynamics
Growth Drivers
During the course of the forecast period, the demand for nano calcium carbonate from a variety of end-use applications, including paints, sealants, and adhesives, is anticipated to expand. Plastics, adhesives, rubber, and sealants are just a few of the materials whose properties are improved by the application of nano calcium carbonate.
The inclusion of nano calcium carbonate enhances the material's toughness and performance in conditions of severe temperature as well as its resistance to weather, heat, and impact. Nano-calcium carbonate is used in paints to assist regulate the essential mechanical and rheological qualities of the cured material.
The expansion of the global nano calcium carbonate market is anticipated to be fueled by the usage of nano-calcium carbonate as additives in polymers and adhesives, which helps to lower volume formulation costs and improve the quality of the finished product.
A significant demand for printing inks is also being driven by the expansion of the labelling and packaging business as well as the automotive, industrial, glass, and ceramics industries. To enhance the quality of printing ink, nanoscale calcium carbonate is utilized. The usage of varnishes and oils can be replaced by this calcium carbonate-treated ink.
Report Segmentation
The market is primarily segmented based on application and region.
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By Application |
By Region |
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In 2022, the Plastic Application Segment Dominated the Market, Accounting for the Largest Market Share
In 2022, the plastics application category dominated the market and accounted for the highest revenue share. This is explained by the product's expanding use in the plastics industry, where it is a more affordable and reliable alternative to plastic resins while also enhancing the physical characteristics of the final product. A very fine, highly pure type of calcium carbonate with a huge surface area and small particle size is known as nano calcium carbonate. This makes it a desirable option for usage in the plastics sector since it can enhance the plastic's performance in a number of ways, such as by raising its strength, stiffness, and dimensional stability.
By substituting more expensive rubber polymers, it helps to improve the physical characteristics of rubber applications while also lowering the cost of the end product. Moreover, it can enhance the rubber's flowability and moldability during processing. Depending on the purpose, it is often employed in tiny amounts, usually between 1 and 10% by weight. During the projection period, it is anticipated that the rise of end-use industries would further accelerate market growth.
It is now possible to make high-quality nano calcium carbonate with constant particle size and high purity thanks to the development of new processing methods, which has increased its use in a variety of industries. The need for building materials is being driven by the expanding infrastructure and construction in developing nations, which is also fueling the expansion of the sector.
The Demand in Asia Pacific is Expected to Witness Significant Growth
This is due to a number of factors, including the fact that the demand for nano calcium carbonate as a filler ingredient in the plastic and rubber sectors is high and expanding in this region. The need for nano calcium carbonate is also being fueled by the expansion of the Asian Pacific economy, which increases demand for products that employ nano calcium carbonate as a raw material.
The region has a sizable and established manufacturing industry, which helps to meet the need for nano calcium carbonate as a raw material for making various products. Also, as technology develops, there may be more uses for nano calcium carbonate, which would raise demand for it in the area.
In the North American region, demand for fortified foods is also rising, particularly in the wake of the COVID-19 pandemic. To increase the nutritional value of food applications, nano calcium carbonate is employed as a food additive. The regional market is expanding significantly due in large part to the rising demand for fortified food applications.
Competitive Insight
Some of the major players operating in the global nano calcium carbonate market include Nanomaterials Technology Co., Ltd., Shanghai Yaohua Nano-Tech Co., Ltd., Hebei Lixin Chemistry Co., Ltd., Minerals Technologies, Inc., 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., and Guangdong Qiangda New Materials Technology Co.
Recent Developments
- In April 2023, Minerals Technologies Inc. announced that it has entered into three long-term precipitated calcium carbonate (PCC) supply agreements that will further expand the Company’s Specialty Additives product line in China and India.
Nano Calcium Carbonate Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 9.38 billion |
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Revenue forecast in 2032 |
USD 21.73 billion |
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CAGR |
9.8% from 2023 - 2032 |
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Base year |
2022 |
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Historical data |
2019 – 2021 |
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Forecast period |
2023 - 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2023 to 2032 |
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Segments covered |
By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key companies |
Nanomaterials Technology Co., Ltd., Shanghai Yaohua Nano-Tech Co., Ltd., Hebei Lixin Chemistry Co., Ltd., Minerals Technologies, Inc., 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., |
FAQ's
key companies in nano calcium carbonate market are Nanomaterials Technology Co., Ltd., Shanghai Yaohua Nano-Tech Co., Ltd., Hebei Lixin Chemistry Co., Ltd., Minerals Technologies, Inc., Omya AG.
The nano calcium carbonate market expected to expand at a CAGR of 9.8% from 2023 to 2032
The nano calcium carbonate market report covering key segments are application and region.
key driving factors in nano calcium carbonate market are growing demand from rubber and plastics industry.
Nano Calcium Carbonate Market Size Worth $21.73 Billion By 2032.
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