According to a new report by Reports and Data, the global Calcium market is forecast to reach USD 66.67 Billion by 2030. Calcium is extensively used in other forms, such as Calcium Carbonate. The calcium market has enormous depth and finds its use in a plethora of applications such as fluxing agent, refining agent, finishing agent, setting agent, and fertilizer in various end-user segments. It is implemented primarily in Food & beverages, Pharmaceutical, Construction, Paper, and Others.
The increasing use in construction and industrial applications is a significant driver of growth for the calcium market. The rising infrastructure developments due to industrialization is a major factor in the dynamics of the calcium market. The construction industry growth is due to the higher government spending on infrastructure development in emerging economies. The surging demand from paper and plastic sectors of the Asia Pacific also drives the calcium market. The low digital transformation in the Asia Pacific is propelling the demand for paperbacks and paper packaging.
The costs associated with transportation and raw material are the major factors that restraint the calcium market. The price rise of calcium has seen a significant surge, owing to the various factors resulting in players ramping up the price. The factors include an uncertain supply of raw materials, the stringent regulatory frameworks.
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Key participants include Maruo Calcium Co., Ltd., Okutama Kogyo Co. Ltd, Huber Engineered Materials, Solvay, Mississippi Lime Company, Minerals Technologies Inc., Omya AG, Schaefer Kalk GmbH & Co. KG, Excalibar Minerals, LLC., and Shiraishi Kogyo Kaisha, Ltd.
The COVID-19 impact:
The covid-19 situation will have a significant negative impact on the calcium market. The massive production cuts due to the low demand for plastic in the end-user segments will lower the demand for calcium market. The construction sector is expected to have significant setbacks; the industry experts predict a minimum of 2 years is imminent. The social distancing norms with a stay at home killed the demand for construction. The disruption of supply chains has affected consumer goods’ growth, hence low demand in the manufacturing sector. The economic slowdown will result in governments not spending on infrastructure development. The recovery of the market is highly dependent on the economic reforms laid down by the government. Strict regulations must be laid down, which may halt the pandemic and help recover the demand for calcium market.
Further key findings from the report suggest
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For a better understanding of this report, Reports and Data have segmented into the global Flame Retardants for Aerospace Plastics market based on product type, application, end-use industry, and region:
Product Outlook (Revenue, USD Billion; 2019 – 2030)
Agent Outlook (Revenue, USD Billion; 2019 – 2030)
Application Outlook (Revenue, USD Billion; 2019 – 2030)
Regional Outlook (Revenue, USD Billion; 2019 – 2030)
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