Prices Of Calcium Carbonate Will Rise In The Coming Weeks
Omya declared an increase in the prices of Calcium Carbonate Products in the US, Canada
Omya Inc. and its companions are all set to raise prices of all calcium carbonate production by at least 9% or as customer contracts allow. The increase in price is a consequence of cost escalation in energy, quarrying and chemicals which has been experienced by the company in the United States and Canada recently.
Calcium Carbonate Pricing
North America
The prices of Calcium Carbonate displayed mixed market sentiments in the US. The prices plunged at the beginning of the time frame and then gradually recovered as a result of frail demand fundamentals. Later, the region's cost support from energy materials remained restricted. The industry players were notified that the downstream food additive industry demand was modest.
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The operational cost was steady, and there was adequate product availability to attend to downstream queries. In addition, the decline in freight costs in the international market, along with risen costs of the container, caused an overcapacity situation, backing the drop in Calcium Carbonate market value.
APAC
The Calcium Carbonate prices have plunged in the domestic market in China. The revival of COVID incidences and the global economic deceleration pressured Calcium Carbonate value chain prices throughout the period. The production activities were on the lower side, too, as per the National bureau of statistics. The manufacturing companies structured their production around their demand and sales. The restricted procurement from downstream construction as well as other industries, encouraged the manufacturers to cut down their offers for keeping a balance in the market.
Europe
The Calcium Carbonate price in the German market stayed on the upper end recently. The restricted natural gas supplies influenced the Calcium Carbonate production costs. To maintain their profit margin, the key players have increased their offers. Yet, the soaring inflation has led to stagnation in the construction sector and diluted consumer sentiments. Regarding demand, the end-use industry's offtakes were more sluggish than expected. Later, even though prices of natural gas fell, they still weren't high enough for manufacturers to keep their profit margins. Additionally, the unavailability of skilled labour as well as soaring prices of electricity, also had an impact on price realizations.
Global Calcium Carbonate Market Outlook
The global calcium carbonate market is being driven by the use of the product in various end-user industries such as metallurgy, glass and ceramics, mining, iron and steel, adhesives, agriculture, pharmaceuticals, paper, plastics, paint, animal feed and nutritional supplementation, water treatment, health and wellness, sludge treatment, caulks & sealants among others across North America, Europe, and Asia markets.
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Therapeutic applications of the mineral are its use as a phosphate buffer in hemodialysis, a calcium supplement in the treatment and prevention of osteoporosis, and an antacid in gastric hyperacidity. Other end-uses of the product include food firming, colouring, and fertilizer. It also finds application as a filler and a coating pigment in plastics, paper paints and coatings industries due to its distinct white colour.
It also has extensive application as a filler in adhesives and sealants. In grocery store products, it finds use in wine, baking powder, toothpaste, dough and dry-mix dessert mixes. In the agricultural sector, it is used in animal feed and is an active ingredient in agricultural lime. It is also employed in water and waste treatment to neutralize acidic conditions in soil and water.
Also, in the building and construction industry, it finds use as a marble or element added to the cement. It is used for making mortar that has applications in concrete blocks, rubber compounds, bonding bricks, stones, roofing shingles, and tiles.
According to the Procurement Resource article, the market for calcium carbonate will witness a slight rise in prices across the globe. The article covers the various pricing trends across the North America, European, and Asia Pacific regions and how they will impact the downstream metallurgy, glass and ceramics, mining, iron and steel, adhesives, agriculture, pharmaceuticals, paper, plastics, paint, animal feed and nutritional supplementation, water treatment, health and wellness, sludge treatment, caulks & sealants among others.
