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South America Calcium Carbonate Market
No. of Pages: 85 | Report Code: TIPRE00023526 | Category: Chemicals and Materials
No. of Pages: 85 | Report Code: TIPRE00023526 | Category: Chemicals and Materials
SAM is a major player in the global agricultural industry, accounting for roughly ten percent of worldwide agricultural product exports. Many commercial farms may be found throughout SAM, particularly in Argentina, Brazil, Chile, Uruguay, and Colombia. Calcium carbonate is in high demand in the country with the most agricultural exports. Calcium is a nutrient that plants require. Calcium is one of the five title nutrients, along with magnesium, nitrogen, phosphorus, and potassium. Because most soils are acidic, crushed calcium carbonate rock is thought to be the most cost-effective and adequate neutralizer. Simultaneous use of organic fertilizer can improve plant calcium absorption while reducing calcium loss from the soil. Calcium carbonate has a wide range of uses and applications in agriculture, including animal/poultry feed & pet food, animal nutrition, agricultural lime, and cubicle lime. Oil production in Central and SAM peaked at around 7 million barrels per day. The most recent figure is 7.5 million barrels per day. Venezuela and Brazil currently control the majority of Central and SAM oil production. The demand for calcium carbonate is derived by Central and SAM's huge oil production. Calcium carbonate is utilized as a formation-bridging agent in the oil and gas sector, and it is added to drilling mud to enhance the density of the mud in oilfield drilling applications. It increases the mud's density to roughly 1.44 kg per cubic metre, or 12 pounds per gallon. This chemical compound can be used to clean up production zones because it dissolves easily in hydrochloric acid. Calcium carbonate, when combined with polymers, can help to reduce fluid loss in brines. Escalating demand from the paper industry and burgeoning requirement on the back of thriving paints and coatings industry are the major factor driving the growth of the SAM calcium carbonate market.
In case of COVID-19, SAM is highly affected, especially Brazil, followed by Ecuador, Chile, Peru, and Argentina. Governments of these countries have taken several actions to protect their citizens and contain COVID-19 spread. Nevertheless, they are experiencing lower export revenues, both from the drop in commodity prices and reduction in export volumes, primarily due to limited trades in China, Europe, and the US. In addition, containment measures in several South and Central American countries have hampered the performance of the chemicals & materials industry and has led to the suspension of infrastructure and construction activities. The slowdown of raw material production; instability in supply chains; deceleration of trade movements; decrease in construction, automobile, and paint and coatings demand are the key conditions that are hammering the SAM calcium carbonate market amid the COVID-19 pandemic. The demand for calcium carbonate is most closely linked with various industries such as paper, automotive, plastics, and building and construction, which are facing business uncertainties. Decrease in paper consumption from educational institutes, corporate offices, and newspaper and printing industry has hindered the paper industry growth which has directly impacted the SAM calcium carbonate market.
Strategic insights for the South America Calcium Carbonate provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 1,527.70 Million |
Market Size by 2028 | US$ 1,907.81 Million |
Global CAGR (2021 - 2028) | 3.2% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Type
|
Regions and Countries Covered | South and Central America
|
Market leaders and key company profiles |
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The geographic scope of the South America Calcium Carbonate refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The SAM calcium carbonate market is expected to grow from US$ 1,527.70 million in 2021 to US$ 1,907.81 million by 2028; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028. The microbially induced calcium carbonate precipitation (MICP) technique finds applications in the remediation of soil and water contaminated by heavy metals as well as in the production of self-healing concrete (bioconcrete). In geotechnical and civil engineering applications, it can be employed as a sustainable and suitable option for improving the mechanical properties of soil. Being an environmentally friendly and economical methods, the demand for MICP is likely to increase in future, which provides lucrative growth opportunities for the calcium carbonate market players. Calcium carbonate-based products are biodegradable and biocompatible. Calcium carbonate nanoparticles have potential application as drug carriers to target cancer tissues and cells. These potential applications of calcium carbonate, which are in research and development stages, are serving significant opportunities for the growth of the SAM calcium carbonate market in the future.
In terms of type, the ground calcium carbonate (GCC) segment accounted for the largest share of the SAM calcium carbonate market in 2020. In terms of application, the paper segment held a larger market share of the SAM calcium carbonate market in 2020.
A few major primary and secondary sources referred to for preparing this report on the SAM calcium carbonate market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Imerys S.A., J.M. Huber Corporation, LafargeHolcim, Minerals Technologies Inc., and Omya AG.
The South America Calcium Carbonate Market is valued at US$ 1,527.70 Million in 2021, it is projected to reach US$ 1,907.81 Million by 2028.
As per our report South America Calcium Carbonate Market, the market size is valued at US$ 1,527.70 Million in 2021, projecting it to reach US$ 1,907.81 Million by 2028. This translates to a CAGR of approximately 3.2% during the forecast period.
The South America Calcium Carbonate Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Calcium Carbonate Market report:
The South America Calcium Carbonate Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Calcium Carbonate Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Calcium Carbonate Market value chain can benefit from the information contained in a comprehensive market report.