Calcium carbonate is used as a critical raw material in the manufacturing process of paper, plastic, paint and coatings, rubber, and adhesives and sealants. The ability of calcium carbonate to provide additional strength and durability to adhesives and enhance the glossiness of the paints and coatings drives the market growth. The demand for calcium carbonate as a filler in the paper industry is also rising at a considerable rate. In the pharmaceutical industries, calcium carbonate is used as a dietary supplement to provide the calcium needed for healthy bones, nervous system, and heart.
Impact of COVID-19
The COVID-19 outbreak has severely impacted the global economy, causing disruption in the supply chain due to the lockdown imposed by the government. The production of bulk chemicals has witnessed a sharp decline, which has created a flash crash in the profit margins of various companies engaged in the business. In addition, the plight fall in the oil prices has spiked the chemical feedstock prices. The global leaders in the chemical industry are emphasizing on the development of new business models to place their business back in the growth trajectory, further driving the market growth.
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Ground & Precipitated Calcium Carbonate (GCC & PCC) Market?
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Ground & Precipitated Calcium Carbonate (GCC & PCC) Market: Segmentation
Central and South America and the Caribbean
The Middle East
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* Customer Behaviour Analysis
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