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The broad range of industrial applications Viz. ingredient in cement, primary substance for building materials, purification of iron ore, drilling fluid additive in the oil industry, as well as wide pharmaceutical, food and agricultural applications among others that result in healthy market growth
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There have been significant developments during the past few years which underscores the instrumentality of calcium carbonate hence the economic importance of the mineral. A few of the developments are being stated below
Huber Carbonates, LLC a company that produces calcium carbonate in 3 plants in the USA and which is a subsidiary of a global business engaged in engineered specialty ingredients that improve the appeal, performance, and processing of a wide spectrum of products that are utilized in agricultural, consumer and industrial applications called Huber Engineered Materials (HEM) based in Atlanta, Georgia (US) which itself is a part of a portfolio of businesses of M. Huber Corporation, headquartered in Edison, New Jersey (US) has announced new distribution partnership for its Ground Calcium Carbonate (GCC) business, in North America. Under this partnership 4 distributors located in western, southeast through Texas, northeastern, midwestern parts of the USA will represent GCC product produced by HEM intended for non-rubber industrial applications Viz. stuccos, sealants, plastics, paints and coatings, mortars, inks, grouts, caulks, and adhesives
The calcium carbonate production plant of Omya AG located in Orgon, Provence, France, from where the company sources natural limestone to manufacture its products, was reconstructed to enable a substantially higher production capacity to facilitate a platform for its functionalized calcium carbonate products along with a new packaging line and an on-site warehouse. The facility is recognized to produce the company’s mineral grades intended for pharmaceutical, nutraceutical, food, and cosmetic applications
Minerals Technologies Inc. (NYSE: MTX) (MTI), which is a world-renowned resourced and technology-based company that is known to develop, produce and market a wide variety of mineral, specialty mineral, synthetic mineral-based products, and related systems and services catering to the steel, polymer, paper, foundry, environmental, energy, consumer products, and construction industries announced the signing of an agreement with Phoenix Paper LLC a subsidiary of Shanying International Holdings Co Ltd (SHA: 600567), a company that is based out of China and aspires to enter the North America paper market, to facilitate the restoration of its satellite precipitated calcium carbonate (PCC) plant that has the capacity of producing 35,000 ton per year located at Wickliffe, Kentucky
The announcement of an agreement to build a satellite PCC plant with a production capacity of 42,000 metric tons per year between MTI and Satia Industries Limited was made which entails the construction of the aforementioned at the latter’s paper mill located in Sri Muktsar Sahib, Punjab. India. The plant is scheduled to be operationalized during the 2nd quarter of 2021.
Lime is a high volume-low cost commodity mineral that is produced from limestone and mainly used as a chemical additive. Lime comprises several compounds of calcium and is primarily alkaline in nature. The production of lime involves several processes such as crushing, pulverizing, heating and hydrating. The process differs according to the desired product and application. The processing of raw limestone to form lime is called a lime cycle
Basically, there are two types of lime available in the market, i.e. quicklime and hydrated lime, and both are used across several applications including cement manufacturing, metal processing, agrochemicals and pulp and paper processing, among others
The global lime market is estimated to be valued at US$ 40.6 Bn by 2018 end and is expected to reach US$ 50 Bn by the end of 2026, expanding at a CAGR of 2.5% over the forecast period. The global lime market is anticipated to represent an incremental opportunity of US$ 9 Bn between 2018 and 2026
According to the International Organizing Committee for the World Mining Congresses, there has been significant growth in the production of minerals across the globe in the recent past. This can be mainly attributed to the increasing demand for ferrous and non-ferrous metals from several end-use industries such as automotive, construction, shipping and fabrication, among others as lime is mainly used to eliminate impurities during the manufacturing process of iron, steel, alumina, gold, silver, copper and lead, among other metals
Attributing to developments in the metal industry, the demand for lime is anticipated to surge and the market is forecast to register healthy growth in the coming years. Another key factor that impacts the demand for lime is its increasing use in the manufacturing of precipitated calcium carbonate
Precipitated calcium carbonate, owing to its high calcium content, is widely used in the production of paper, plastics, paints, rubber, calcium-based antacid tablets and multi-vitamin/mineral tablets, among others. Thus, this increase in the use of precipitated calcium carbonate, especially in polymer, paper and healthcare industries, is estimated to provide impetus to the growth of the lime market
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