NEW YORK, November 4, 2016 /PRNewswire/ --
Increasing demand from multiple end use industries and booming construction and chemical industries to drive India soda ash market through 2025
According to a recently released TechSci Research report, "India Calcium Carbonate Market Study, 2011 - 2025", the market of calcium carbonate in India is anticipated to cross $698 million by the end of 2025. Calcium carbonate is one of the widely used industrial fillers in various end use industries such as paper, plastic, rubber, pharmaceuticals, paint & cosmetics, etc., owing to its ability to reduce surface energy and improve surface finish by adding glossy touch to the surface and opacity of the products.
The Government of India has announced to invest nearly $1 trillion on infrastructural development in the country during 2012-2017. Moreover, in the Union Budget 2016-2017, the government has planned an outlay of $14.7 billion for building of smart cities. Furthermore, in FY2016, Foreign Direct Investment (FDI) equity inflows in the country's agriculture sector were around $2.2 billion. Backed by favourable government plans and increasing foreign direct investments, robust growth in the country's construction, automotive and agriculture sectors is expected during 2016-2025, thereby fuelling the demand for calcium carbonate in India over the next nine years.
"Precipitated calcium carbonate (PCC) dominated India calcium carbonate market during 2011-2015, and the same trend is expected to continue over the span of next nine years. In India, PCC is acting as an attractive and suitable replacement for Kaolin Clay as it is the most economical chemical grade available for adding value and quality to the manufactured paper and paperboard materials by means of replacing costly wood pulp, additives and other substances like talc, titanium dioxide, etc.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Calcium Carbonate Market Study, 2011 - 2025" has evaluated the future growth potential of India calcium carbonate market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in India calcium carbonate market.
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