(I-BusinessNews.Com, September 06, 2021 ) Nano Calcium Carbonate Market size is forecast to reach $4.7 billion by 2026, after growing at a CAGR of 8.5% during 2021-2026. Calcium Carbonate is a common substance found in rocks as carbonate minerals. The precipitated calcium carbonate nanoparticles are majorly used for drug applications. The nano calcium carbonate have a great demand in pharmaceutical industry, thus industry is witnessing an increase in market growth.
In addition, Calcium carbonate, or CaCO3, comprises more than 4% of the earth’s crust and few of the common carbonate minerals forms are chalk, limestone, and marble. Chalks are vastly used in schools colleges and educational institutes. On the other hand, growing health concerns towards health would enhance the overall market growth for nano calcium carbonate market.
The rapid widespread of coronavirus has had a major impact on global markets as, major economies of the world were in completely lockdown due to the pandemic. Owing to this, the construction industry has been hit hard and is being challenged by many obstacles regarding contractual obligations, availability of resources, deliverables, health & safety measures, and project delays or cancellations. The Covid-19 had caused productivity losses of around 35% on the UK’s construction sites, by triggering extensive program delays and spiralling costs that exacerbate the sector. Therefore, problems like these has restrained the market growth for nano calcium carbonate market.
Nano Calcium Carbonate Market Segment Analysis – By End Use Industry
Healthcare sector has a significant growth for nano calcium carbonate market in the year 2020 and is expected to grow at a CAGR of 8.9% during the forecast period. Due to calcium carbonate’s high biocompatibility, CaCO3 is also employed in many pharmaceutical (anti-acid, dietary supplement for child and postmenopausal women), biological (scaffolds for cellular and bacterial growth) and biomedical (bioactive material for drug delivery, base for orthodontic cements) applications.
According to the Centers of Medicare & Medical Services (CMS), U.S. health care spending had grown by 4.6% in 2019, reaching $3.8 trillion or $11,582 per person. As a share of the nation's Gross Domestic Product (GDP), health spending accounted for 17.7 percent. So, with the countries globally increasing their spending on health care will eventually drive the market growth for nano calcium carbonate market.
Nano Calcium Carbonate Market Segment Analysis – By Geography
APAC dominated the Nano calcium carbonate market in the year 2020 and is expected to grow at a CAGR of 8.6% during the forecast period. India and China are the major countries in this region owing to their large manufacturing capacity of medicines or pharmaceuticals.
According to the IBEF (Indian Equity Brand Foundation), India is the 3rd largest pharmaceutical producer by volume around the world and have 3,000 drug companies which have almost 10,500 manufacturing units. Whereas the number of FDA approved API manufacturing facilities in the China has doubled during the period 2010-2019.
In fact, as of October 2019, 13% of FDA approved pharmaceutical manufacturing facilities are situated in China. So, with the growing manufacturing facilities in these major countries, the nano calcium carbonate market is expected to grow during the forecast period.
Nano calcium carbonate has applications in construction industry is such as adhesives, sealants, paints and others. They were generally used to improve the properties of these materials. In addition, the nano calcium carbonate helps to improves the weather resistance, heat resistance, impact resistance, and also the toughness and performance of the material under extreme temperature conditions. According to the world bank in 2018, industrial sector (including construction) around the world have share of about 25.60% in the world GDP. So, with the growing share of construction in the GDP, the infrastructure construction around the world will increase and hence the nano calcium market is expected to grow.
Government initiatives or schemes regarding healthcare
Governments globally are focusing on boosting the health facilities and reaching to poor people with their schemes or initiatives. As mention in the end use industry segment analysis, the nano calcium carbonates are used for drug manufacturing. In 2018 the Indian government launched “Ayushman Bharat” as recommended by the National Health Policy 2017. It is an attempt to move from sectoral and segmented approach of health service delivery to a comprehensive need-based health care service.
This scheme aims to undertake path breaking interventions to holistically address the healthcare system (covering prevention, promotion and ambulatory care) at the primary, secondary and tertiary level. So, with the increase in health facilities or increase in number of patients the demand for nano calcium carbonate is expected to grow.
Nano Calcium Carbonate Market Challenges
Declining Paper Industry due to digitalization
The paper industry has been majorly affected by the rising digitalization and electronic publishing. The global paper industry has reduced over the past five years due to the shift to paperless communication and digital media across most developed and developing economies. So with the declining paper industry, the market growth for nano calcium carbonate market is also restraining.
Nano Calcium Carbonate Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Nano calcium carbonate market. Major players in the Nano calcium carbonate Market are Specialty Mineral Inc, Imerys Performance Mineral, Omya International AG, Enping Yueyi Chemistry Industry Co Ltd, Fujian Sanmu Nano Calcium Carbonate Co.,Ltd, Mittal Enterprise, Shanghai Yaohua Nano-Tech Co , Ltd, Yuncheng Chemical Industrial Co , Ltd, Nanomaterials Technology Co Ltd, Akzonobel, among others.
In September 2020, mineral-based specialty solutions firm IMERYS has decided to expand its distribution agreement with IMCD, positioning the specialty chemicals and ingredients distributor as the preferred distributor of IMERYS performance minerals products across the US and Canada.
In December 2019, Omya International AG, a leading global producer of industrial minerals and a worldwide distributor of specialty chemicals, has acquired Solar Inks Ltd., a producer of renewable barrier coatings for food packaging, high-performance adhesives and water-based flexographic inks located in Telford, United Kingdom
Asia-Pacific dominates the nano calcium carbonate market owing to increasing demand from applications such as cement, adhesives and Others.
The growing demand for drugs for making medicines, is likely to aid in the market growth of nano calcium carbonate.
Governments initiatives or schemes towards health, will increase the market demand for nano calcium carbonate in the near future.
The rise in digitalization will create hurdles for the paper industry and hence the nano calcium carbonate market could decline.
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