by It possesses properties like high purity, large specific surface area, white opacity and fine dispersion ability. These unique properties make it suitable for applications in paints, coatings, plastic, rubber and paper industries. It is used as a filler or pigment in products to impart whiteness, improve mechanical properties and longevity.
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: Key players operating in the Global Nano Calcium Carbonate Market Size 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.
Growing demand: The demand for nano calcium carbonate is increasing across paints, plastics and rubber industries due to advantages like improved mechanical properties, better dispersion and higher opacity. Rapid urbanization and infrastructure growth are also propelling the demand from construction sector.
Global expansion: Key players are expanding their production capacities and geographical footprints to leverage growth opportunities. Many companies are setting up manufacturing plants in Asia Pacific and Middle East & Africa regions due to availability of raw materials and low production costs. Partnerships with local players are helping to penetrate untapped regional markets.
Market key trends
One of the key trends gaining traction in the global nano calcium carbonate market is the rising consumption in thermoplastics. Nano-sized particles enhance properties of thermoplastics like impact strength, rigidity and heat resistance. This makes them suitable for applications in electronic components, automotive interiors and medical devices industry. The even dispersion and large surface area characteristics of nano calcium carbonate allow for usage in lower quantities while delivering equivalent performance.
Porter’s Analysis
Threat of new entrants: New companies can enter market easily.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes.
Bargaining power of suppliers: Suppliers have moderate bargaining power as suppliers are large number.
Threat of new substitutes: Substitute products like limestone are easily available.
Competitive rivalry: Intense competition among existing players.
Geographical regions
North America holds the largest share in global nano calcium carbonate market in terms of value due to growing paints and coatings industry in the region.
Asia Pacific is expected to be the fastest growing region for global nano calcium carbonate market during forecast period due to growth of various end use industries like plastics, rubber and paper in countries like China and India.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
