GLOBAL NANO CALCIUM CARBONATE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global Nano Calcium Carbonate Market Size and Trends

Global nano calcium carbonate market is expected to reach US$ 16.77 Billion by 2031, from US$ 8.72 Billion in 2024, at a CAGR of 9.8% during the forecast period. Nano calcium carbonate refers to calcium carbonate particles that have at least one dimension measuring less than 100 nanometers. There are two main types of nano calcium carbonate: vaterite and calcite. Vaterite particles are spherical in shape while calcite particles occur in rhombic or rhombohedral shapes.

Global Nano Calcium Carbonate Market- Trends

• Development of multi-functional nanoparticles: The development of multi-functional nanoparticles is having a significant impact on the nano calcium carbonate market. Nano calcium carbonate traditionally has been used as a basic filler or extender in plastics, paper, paints and coatings to improve properties like opacity and durability. For instance, according to a study conducted by the United States Environmental Protection Agency in 2021, paint manufacturers in the U.S. are able to reduce their raw material consumption by an average of 8-10% by leveraging multifunctional nano fillers. This is helping the paint companies to lower their environmental footprint.
• Rising demand from Asia Pacific region: The demand for nano calcium carbonate from the Asia Pacific region has been steadily growing over the past few years and is expected to continue rising. This increasing demand is primarily from countries like China, India, Japan and South Korea which are leading industrialized nations within the region. Nano calcium carbonate finds widespread usage in a variety of industries ranging from paints & coatings to plastics & polymers to construction materials. The Asia Pacific region has seen tremendous economic growth over the past decade which has fueled rapid industrialization and infrastructure development activities across countries. For instance, in 2021, Minerals Technologies expanded its existing nano calcium carbonate plant in Ningxia, China, to meet the escalating demand from paint, plastic and paper industries.