Report : Europe Calcium Carbonate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Ground Calcium Carbonate (GCC) and Precipitated Calcium Carbonate (PCC)) and Application (Paper, Plastic, Paints and Coatings, Adhesives and Sealants, Building and Construction, and Others)
Paper Segment to Dominate Europe Calcium Carbonate Market during 2021–2028
According to a new market research study on “Europe Calcium Carbonate Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application,” is expected to reach US$ 13,559.61 million by 2028 from US$ 10,063.54 million in 2021. The market is estimated to grow at a CAGR of 4.4% from 2021 to 2028. The report provides trends prevailing in the Europe calcium carbonate market along with the drivers and restraints pertaining to the market growth. Growing requirement on the back of thriving paints and coatings industry and rising demand from the paper industry are the major factor driving the growth of the Europe calcium carbonate market. However, expensive operational activities hinders the growth of Europe calcium carbonate market.
In case of COVID-19, the UK and Russia are the hardest-hit countries by the pandemic, followed by France, Spain, Italy, and Germany across Europe region. These countries have suffered an economic hit due to the lack of revenue from various industries. Other countries in Europe have implemented drastic measures and travel restrictions, including partial closing of their border. The COVID-19 pandemic has affected the production operations of the plastics industry in Europe. This outbreak has also affected the supply chain of raw materials required for the construction industry to a greater extent, eventually disrupting the overall manufacturing processes and research and development activities and further impacting the calcium carbonate market growth. The plastic and construction industries started to recover in Q3 2020 again with the downward trend of COVID-19 cases in a few of the European countries.
The Europe calcium carbonate market is segmented into the type, application, and country. Based on type, the Europe calcium carbonate market is categorized into ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC). In 2020, the ground calcium carbonate (GCC) segment is dominating the Europe calcium carbonate market attributable to lower price and better availability and precipitated calcium carbonate (PCC) segment is expected to be fastest growing during forecast period. Based on application, the Europe calcium carbonate market is categorized into paper, plastic, paints and coatings, adhesives and sealants, building and construction, and others. In 2020, the paper segment is dominating the Europe calcium carbonate market and others segment is expected to be fastest growing during forecast period.
Imerys S.A., J.M. Huber Corporation, LafargeHolcim, Minerals Technologies Inc., Omya AG, and SCHAEFER KALK GmbH & Co. KG are among the leading companies in the Europe calcium carbonate market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Imerys acquired three manufacturing facilities from EDK (a leading Brazilian producer of GCC). The acquisition aimed at expanding the former’s footprint in South America and to boost product portfolio for paints & coatings applications.
The Report Segments the Europe Calcium Carbonate Market as Follows:
Europe Calcium Carbonate Market – By Type
- Ground Calcium Carbonate (GCC)
- Precipitated Calcium Carbonate (PCC)
Europe Calcium Carbonate Market – By Application
- Paints and Coatings
- Adhesives and Sealants
- Building and Construction
Europe Calcium Carbonate Market – By Country
- Rest of Europe
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