Global Nano Calcium Carbonate Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
Global Nano Calcium Carbonate Market Overview:
“The global Nano calcium carbonate Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Nano calcium carbonate refers to an ultra-fine precipitated calcium carbonate with an average particle diameter of less than 100 nanometers and is used as additives in various products. It is widely used in paint, plastic and rubber industries due to its unique properties and is implemented as a filler in polymeric materials to improve their impact resistance.
It also has widespread applications in the manufacture of urethanes, silicones, plastisols, polypropylene, polysulfides, and PPC. This is expected to positively impact market growth.
Nano calcium carbonate is widely used in the manufacture of adhesives, sealants, and cements. The booming US construction sector is contributing to the increasing demand for Nano calcium carbonate. Another key growth driver for the Nano calcium carbonate market is the plastic industry, especially in the Asia Pacific region. The global plastics industry is extremely dependent on fillers, reinforcements, and additives to enhance the final product’s properties.
In terms of application, the market is segregated into – plastics, rubber, and building & construction among others. The plastics application segment accounted for a majority revenue share in 2018 and it is projected to expand a high CAGR over the next ten years.
In the rubber industry, Nano calcium carbonate is used in styrene-butadiene rubber (SBR), acrylonitrile-butadiene rubber, and chloroprene rubber as it aids in improving toughness, dimensional stability, stiffness, and it even helps lower production costs.
The role that nanoparticles of calcium carbonate plays in the construction & building industry is in its inclusion to cement to increase its mechanical properties and durability.
With respect to revenue generation, the market in North America was registered as the 3rd largest in the world and is projected to expand at a high CAGR over the next ten years. A contributing factor is the increasing requirement for lightweight components required in the assembly of vehicles to improve fuel efficiency. Europe accounted for a considerable revenue share in 2018 owing to implementation of plastics in combination with other composite metals in the European automotive industry.
The market in the Asia Pacific region is registered as the largest consumer of Nano calcium carbonate products and accounted for a majority revenue share in 2018. It is expected to index a high CAGR over the foreseeable future.
Increasing disposable incomes of the middle-class coupled with a flourishing construction & automotive industries are projected to augment market growth in the coming years.
Global Nano Calcium Carbonate Market Segmentation:
Global Nano Calcium Carbonate Market Segmentation, by Application:
- Building & construction
Global Nano Calcium Carbonate Market Segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 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.
- Nanomaterials Technology Co. Ltd.
- Shanghai Yaohua Nano-Tech Co. Ltd.
- Hebei Lixin Chemistry Co. Ltd.
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