Latest News- Precipitated Calcium Carbonate Market: Pharmaceutical grade is expected to lead the Type segment during 2024-2028
The Precipitated Calcium Carbonate Market is being driven by Importance of PCC in paper industry
The Precipitated Calcium Carbonate Market is expected to grow at a CAGR of 4.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2378.5 million. In the realm of Precipitated Calcium Carbonate (PCC) market, a noteworthy segment is that of Nano-Precipitated Calcium Carbonate (NPCC). This ultrafine variant of PCC is characterized by particles measuring less than 0.1 microns or 100 nanometers. NPCC's primary applications lie in the production of automotive and construction sealants. The controlled precipitation process used in its production ensures consistent size, shape, and particle size distribution. NPCC is a valuable additive in various industries, including paper, paint, rubber, and plastics. Its incorporation significantly enhances the reinforcement and rheological properties of sealants, notably influencing viscosity, slump, and sag.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Type (Pharmaceutical grade, Industrial grade) End-user (Paper, Plastic, Paint, Adhesive and sealant, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Precipitated Calcium Carbonate Market Research Report
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The Precipitated Calcium Carbonate (PCC) market encompasses various applications, including additives for medicines and antacids, fillers in construction and building materials, and coating purposes in paints and plastics. Despite the availability of substitutes like crushed stone and tight environmental regulations, the market's growth is driven by the construction sector, healthcare and pharmaceuticals, and paper industry. Social distancing norms and stalled housing projects have impacted consumption, while brightness and opacity are crucial factors in PCC's use in surface finishing and tissue demand. Tight regulations and economic activities influence the market dynamics. In the paper sector, PCC is used for filler purposes, while in healthcare and pharmaceuticals, it is used in ointments and medicines. In plastics, PCC is used for rubber and coating applications.
The Precipitated Calcium Carbonate (PCC) market is a significant segment of the global commodity chemicals industry. Key end-use sectors for PCC include additives, adhesives, and sealants, aggregate, agriculture, and the alkaline papermaking process, as well as applications in antacids. The market's growth is driven by the increasing demand for plastic packaging, which is the most widely used material in this sector. The continuous innovation in the industry, resulting in the production of lightweight and corrosion-resistant materials, has significantly impacted the demand for PCC in the manufacture of plastic packaging. Despite the availability of substitutes, the market is expected to experience steady growth due to its versatility and cost-effectiveness.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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