The Global Nano Calcium Carbonate Market provides a cost effective and environmentally friendly solution for various industries such as plastics, paper, coating, adhesive and sealants. Nano calcium carbonate is a white powder made of nanoparticles of calcium carbonate having particle size ranging from 50 nm to 400 nm. It offers advantages over conventional calcium carbonate such as better dispersion, enhanced mechanical and barrier properties even at lower loadings.
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 Market 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. Key players like Imerys and Mineral Technologies Inc. hold a significant share of the market and are investing in expanding their production capacities to meet the growing demand.
The growing demand from end use industries such as plastics, paper, adhesive and sealants is expected to drive the Global Nano Calcium Carbonate Market during the forecast period. Nano calcium carbonate provides properties like elongation, toughness and barrier which increases the performance of end products. It is replacing titanium dioxide and conventional calcium carbonate in various applications owing to its superior properties.
Major players in the Global Nano Calcium Carbonate Market Size are expanding their production sites globally especially in Asia Pacific and North America to tap the potential growth opportunities. Countries like China, India, USA, Germany are expected to be the major markets owing to presence of production bases of end user industries and supporting government policies.
Market key trends
One of the key trends gaining traction in the Global Nano Calcium Carbonate Market is its increasing application as a food additive. Nano calcium carbonate when added to food products prevents caking, improves handling and dispersion properties. It is approved by food regulatory authorities in USA, European Union and China. This is expected to significantly boost the consumption of nano calcium carbonate in coming years for food applications such as baked foods, confectionery products and dietary supplements.
Porter’s Analysis
Threat of new entrants: The global nano calcium carbonate market is dominated by major players like Imerys, Minerals Technologies, Inc. New entrants need significant capital investment which makes the threat moderate.
Bargaining power of buyers: Buyers have medium to high bargaining power as there are many established players offering similar products in the market. Buyers can negotiate on prices.
Bargaining power of suppliers: Suppliers have medium bargaining power due to availability of raw materials from various sources. Established players source raw materials from multiple suppliers to avoid dependency.
Threat of new substitutes: Substitutes like precipitated calcium carbonate and ground calcium carbonate are available but nano calcium carbonate offers advantages in terms of properties which makes the threat low.
Competitive rivalry: Intense as the key players compete in terms of pricing, quality and innovation.
Geographical Regions
The global nano calcium carbonate market in terms of value is concentrated in Asia Pacific region mainly due to presence of manufacturing industries and increasing demand from countries like China and India.
The Middle East and Africa region is projected to witness fastest growth during the forecast period owing to rising construction activities and growing paints & coatings industry.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)