June 16, 2024
Global Nano Calcium Carbonate Market

Global Nano Calcium Carbonate Market is Estimated to Witness High Growth Owing to its Enhanced Performance Properties

Nano calcium carbonate is a nanopowder form of traditional calcium carbonate possessing enhanced mechanical, optical and rheological properties compared to regular calcium carbonate. It is widely used as a filler and coating component in paper, plastic, rubber and paint industries. Nano calcium carbonate imparts superior tensile strength, heat resistance and gloss to finished products. The rising demand from end-use industries coupled with advancement in nanotechnology is propelling the growth of global nano calcium carbonate market.

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 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. The key opportunities in the market include expanding applications in paints & coatings, plastic, and rubber industries. Advancements in nanotechnology are enabling production of calcium carbonate nanoparticles with uniform particle size and consistent morphology.

Market drivers

The primary driver for global nano calcium carbonate market is strong growth of end-use industries like paper, plastic, construction and paints & coatings where it is used as a filler or coating material. Compared to traditional calcium carbonate, nano form delivers superior mechanical strength, opacity and gloss which is boosting its popularity. Increasing R&D activities for developing nano calcium carbonate with tailored properties for niche applications is another market driver.

Current challenges in the Global Nano Calcium Carbonate Market
The Global Nano Calcium Carbonate Market is facing various challenges which are hindering its growth. Stringent environmental regulations regarding emission of particulate matter is a major challenge. Nano calcium carbonate production emits harmful fine particulates in air which badly impact the environment. Moreover, availability of substitutes like precipitated calcium carbonate and ground calcium carbonate is also limiting the demand growth of nano variant. High production cost compared to other alternatives is another concern for manufacturers. Maintaining product quality and size uniformity throughout mass production is a technical challenge as well.

SWOT Analysis
Strength: Excellent reinforcing and strengthening properties. It can improve physical and mechanical properties of polymers at very low loading levels.
Weakness: Production process emits fine particulates causing environmental concerns. Regulatory compliance increases production cost.
Opportunity: Rising usage in rubber, plastics, paints & coatings, paper, and adhesives industries due to property enhancing features.
Threats: Stiff competition from well-established substitutes. Stringent environmental regulations can negatively impact supply.

Geographical regions of market concentration
Asia Pacific region holds majority share in the global nano calcium carbonate market in terms of value. Countries like China, Japan, and India has strong manufacturing base for rubber, plastics, paints & coatings where nano calcium carbonate is widely used. Europe and North America also have substantial demand driven by developed end-use industries in these regions.

Fastest growing region
Middle East and Africa region is expected to be the fastest growing market for nano calcium carbonate during the forecast period. Increasing industrialization and infrastructure development projects in the region will drive the demand for various construction chemicals, polymers, and paints & coatings where nano calcium carbonate is an important additive.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it