In the first half of 2023, the Asian Calcite market showed mixed price sentiments. Prices had a positive start in Q1 due to limited supplies caused by slow manufacturing activities in China amid Covid-19 recovery and holidays. However, as manufacturing ramped up, prices declined with rising inventories and limited demands. In Europe, rising inflation and a cost-of-living crisis led to fewer purchases from downstream and end-user sectors, resulting in high upstream costs and muted market sentiments. Similarly, in North America, dull downstream demands and high inventory levels led to bearish market sentiments. Overall, the Calcite market experienced fluctuations and challenges during the period.
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Definition
Calcite is a mineral composed of calcium carbonate (CaCO3), and it is one of the most common and widespread minerals on Earth. It forms in a variety of shapes and colors, often appearing as transparent or translucent crystals with a vitreous luster. Calcite is a primary constituent of limestone and marble, playing a vital role in their formation. Due to its high refractive index, calcite is commonly used in optical devices and polarizing filters. Additionally, it is utilized in the construction industry as a building material and in the production of lime and cement.
Key Details About the Calcite Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Calcite in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Calcite Price chart, including India Calcite price, USA Calcite price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Calcite Price Trend:
Calcite has several key industrial uses. It is a primary constituent of limestone and marble, serving as a crucial building material in the construction industry. Due to its high refractive index, calcite is utilized in optical devices, including microscopes and cameras. It also finds application in polarizing filters for various optical instruments. Additionally, calcite is used in the production of lime and cement, further highlighting its significance in the industrial sector.
Key Players:
- BASF SE
- Gulf Cryo
- Linde
- Praxair Technology Inc.
- SINOPEC
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