Calcite market projected to reach $19.4 billion by 2032 due to increased demand in construction.

From GlobeNewswire: 2024-07-04 06:30:00

The Calcite Market is projected to reach USD 19.4 billion by 2032, driven by increased demand in the construction industry for sustainable building materials. India’s construction sector is expected to grow to $1.4 trillion by 2025, boosting the need for materials like calcite for infrastructure development.

Coated calcium carbonate derived from calcite is expected to see significant growth between 2024 and 2032, as industries like plastics and pharmaceuticals seek eco-friendly and high-performance materials. Research efforts will focus on optimizing formulations to meet market demands for durable and versatile products.

The pharmaceutical segment of the calcite market is forecasted to experience substantial growth from 2024 to 2032, as researchers explore new medical applications and drug delivery systems. Ongoing investigations aim to leverage calcite’s properties to enhance the efficacy and safety of pharmaceutical products, driving segment growth.

Europe is set to become a lucrative market for calcite by 2032, with increasing applications in water treatment and agriculture to improve environmental sustainability. Research on its role in sustainable farming practices and soil health will further boost product uptake in the region.

Prominent players in the calcite industry, such as Omya AG and J.M. Huber Corporation, are expanding their global presence through acquisitions and partnerships. In 2022, Omya Inc. acquired MK Minerals’ agricultural prills assets to enhance their offerings for agricultural applications and meet growing market demands efficiently.



Read more at GlobeNewswire: Calcite Market to record USD 19.4 Billion by 2032, Says