LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global precipitated calcium carbonate (PCC) market to grow at a CAGR of almost 6% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global PCC market for 2017-2021. The market is segmented on end-user (paper, plastic, paint, adhesive, and sealant) and geography (APAC, the Americas, Europe, and ROW).
PCC is one of the high-value products in the value chain of limestone. The use of PCC is mainly concentrated in the paper, plastic, and paint industries. It is widely used as a filler material in these industries. In 2016, the paper application segment had the largest share of the global PCC market due to substantial consumption of mineral content in papermaking. The demand for PCC in plastic applications, especially in rigid polyvinyl chloride (PVC), is increasing at a considerable growth rate.
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Technavio chemicals and materials research analysts highlight the following three factors that are contributing to the growth of the global PCC market:
- Importance of PCC in paper industry
- Economic growth in APAC
- Increasing consumption in paints industry
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Importance of PCC in paper industry
The importance of PCC is increasing in the paper industry due to its superior characteristics and features. PCC is widely used as a filler, coating pigment, brightening agent, and surface finish additive in the paper industry. It is preferred in the paper industry due to its fine particle size, and controlled and effortless application. It enhances the gloss and promotes bonding in the paper.
Ajay Adikari, a lead metals and minerals research analyst at Technavio, says, “PCC is one of the mainly used minerals in the paper industry. Since it is manufactured by chemical processes, manufacturers can optimize and control the physical and chemical properties of PCC particles. The particle size distribution, particle size, surface area, surface chemistry, and particle shape can be optimized.”
Economic growth in APAC
APAC is the leading and fastest-growing geographical segment in the global PCC market. This is mainly due to the rising disposable income of consumers and the economic growth. Industrialization and economic development in China, India, and Japan are the main influencing factors for the market in APAC. The flourishing paints and coatings industry is also propelling the development of the global PCC market in the region.
“The growing economies in APAC are likely to influence the global PCC market in the next five years. The market is expected to observe significant opportunities across all end user in APAC, which is likely to increase the demand for PCC. The growing population across APAC along with the blooming plastic, pharmaceuticals, paper, and construction industry are projected to impact the global PCC market,” adds Ajay.
Increasing consumption in paints industry
The consumption of PCC in the paints and coatings industry is increasing and is expected to grow at a considerable pace over the forecast period. PCC is used as an extender agent to enhance the porosity and opacity of paints, coatings, and inks and also improve their hiding power. PCC helps in reducing the cost by improving the quality and covering the surface in gravure, flexographic, lithographic, and silk screen printing inks.
PCC acts as a finishing aid in paints and coatings, mainly in emulsion and latex paints. The fine particles of PCC evenly distribute in the paint and aid the titanium oxide particles in maximizing their hiding power. The addition of white pigment helps in improving the opacity and reducing the cost. PCC can be manufactured in many crystal shapes and smaller sizes, which is not possible by mere grinding as in the case of GCC.
- OKUTAMA KOGYO
- Mississippi Lime Company
- Schaefer Kalk
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