Calcium is an alkaline earth metal and a chemical element with characteristics similar to barium and strontium. Calcium is one of the most abundant metals found in the Earth’s crust and it is commonly used in versatile applications in the form of calcium carbonate.Calcium finds applications as a base element, fluxing agent, refining agent, finishing agent, setting agent, and a fertilizer in a wide range of end-user industries, such as paper and pulp, chemical, pharmaceuticals, construction, and sugar processing industry.
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Various composites of calcium find extensive applications in a wide range of industrial sectors, and rapidly increasing number of infrastructural developments due to industrialization across the world is boosting demand for calcium. Furthermore, growth in the construction industry coupled with governmental investments in the infrastructural developments has provided an impetus to the demand for calcium. Thereby, recent trends of increasing industrialization are expected to play an important role in growth of the Calcium Market in the upcoming years.
Frequent Price Rise Hampers Growth of the Calcium Market
Despite the increasing uses of calcium in wide-ranging end-user industries, the calcium market is witnessing a negative impact on its growth due to leading players announcing a significant rise in the prices of calcium. Due to the uncertainty about the supply of raw materials, conformance to stringent regulatory frameworks, and packaging are among the major factors to coax manufacturers in the calcium market to announce the price rise of their calcium products. Increasing prices of calcium and its composites are leading to drive end-users to shift to cheaper calcium alternatives, which may hamper growth of the calcium market.
Growing Applications of Calcium in the Food & Beverage Industry Triggers Growth of the Calcium Market
Apart from the paper & pulp and construction industry, where calcium is used as a desulfurizing and deoxidizing agent, calcium also find numerous applications in the food & beverage industry. Calcium propionate, which is the calcium salt of propionic acid, is commonly used as a preservative in a majority of processed food products, as it acts as an anti-microbial agent to improve shelf life of packaged food. Burgeoning growth of the food & beverage industry with an upsurge in demand for packaged food is expected to contribute greatly to growth of the calcium market.
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Though the calcium market is gaining momentum with its increasing number of applications in several end-user industries, a majority of leading players in the calcium market are likely to enter the steel industry and PVC industry. Increasing growth of the steel industry and PVC industry is creating lucrative opportunities for calcium market players as calcium is an important raw material and additive, and attracting calcium manufacturers to collaborate with steel and PVC manufacturers. Emerging opportunities in steel industry and PVC industry are likely to drive recent trends in the calcium market by encouraging calcium manufacturers to collaborate with steel and PVC industry players.
Calcium Market: Competitive Landscape
Solvay S.A., a Belgian chemical company and leading player in the calcium market, recently entered a distribution agreement with Composites One, a leading supplier of composite materials in North America. With this agreement, the company aims to expand and strengthen its distribution network in North America and capitalize on growing opportunities in the entire composites industry, which is likely to benefit the company’s calcium business indirectly.
Another leading player in the calcium market and a subsidiary of J.M. Huber Corporation, Huber Engineered Materials recently announced an average of five to 10 percent rise in the prices of its industrial calcium carbonate products. The price rise for its calcium carbonate products is attributed to cost increases in packaging, labor and capital investments, materials, and regulatory compliance, according to the company.
To be in-line with the company’s innovation strategies, a French multinational company – Imerys S.A. announced a 5-year research collaboration with Penn State University the Massachusetts Institute of Technology’s (MIT) Industrial Liaison Program (ILP). By establishing networks with universities and scientists, the leading manufacturer in the calcium market aims to bolster innovations and developments in performance additives and advanced materials.
According to the Fact.MR study, the Asia Pacific region is expected to hold a significant share in the growth of the calcium market in the upcoming years. Developing countries in the Asia Pacific region, such as China and India, are boosting the consumption and demand for calcium in a wide range of industrial applications. Rapidly developing end-user industries in the emerging economies are expected to bolster demand for calcium in the Asia Pacific region in the upcoming years. Furthermore, increasing demand for environmentally friendly packaging solutions in the developed regions, such as North America and Europe, is driving growth of the calcium market.
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Calcium Market Portrays High-End Demand across Major Geographies during 2018-2028
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