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"Global Calcium Carbonate Market was Valued at US$ 20.5 Bn in 2019 and it is Expected to Reach More than US$ 37.03 Bn by 2028, Likely to Grow with the CAGR of 6.8 % During the Forecast Period."
Calcium carbonate is a naturally occurring chemical compound. More than 4% of the earth’s crust is comprised of calcium carbonate. It is also found in limestone, chalk, marble, and travertine. It is an extensively used additive and is processed in a wide range of particle sizes to be further utilized as a low-cost filler for enhancing the properties of its end-products.
Increasing Application in Various End Use Industrial Manufacturing Processes Anticipated to Drive the Demand for Calcium Carbonate
Calcium carbonate has been used as a crucial component in the manufacturing process of paper, plastic, paint, rubber, and adhesive, among others. Its versatility, from enhancing the strength and durability of adhesives to improving the gloss of paints, makes it a popular product across industries. Calcium carbonate is majorly used as a filler or a pigment in the paper, plastic, and paints & coatings, and also as a dietary supplement in the food and healthcare industries. Furthermore, above 30% of calcium carbonate is consumed by the paper industry in 2019. It is used as a filler and improves the brightness of the paper. While the expansion of the manufacturing industry in developing economies has positively impacted the demand for calcium carbonate.
Additionally, calcium carbonate is being increasingly used as a popular additive in the plastic industry which offers the benefit of faster heating and cooling cycles of PE films, which results in improved mechanical strength and barrier properties. All these factors are contributing significantly to the growth of the calcium carbonate market during the forecast period.
However, environmental hazards of mining limestone and excess use of calcium carbonate are hazardous to health restrain market growth.
The Ground Calcium Carbonate Segment Is Projected To Account For The Largest Share During The Forecast Period.
Ground calcium carbonate was the largest product segment, accounting for over xx % of global revenue share in 2019 and this trend is expected to continue over the forecast period. Ground calcium carbonate is widely used as fillers in the paper plastic, and rubber industries for its low cost. It provides brightness to paints, coatings, and paper. Furthermore, it provides a high level of illumination and light scattering properties.
By End-Use Industry, the Paints & Coatings Segment Is Expected To Witness Highest Growth In The Global Calcium Carbonate Market Across The Globe
On the basis of the end-use industry, the calcium carbonate market has been segmented into plastic, paper, paints & coatings, adhesives & sealants, building & construction and others. The paints & coatings segment is projected to grow at the fastest growth rate of above 8 %, in terms of revenue during the forecast period. Increasing construction activities and automotive production in emerging economies are propelling the consumption of paints & coatings. GCC is extensively used in paints as an extender, a rheology modifier, an agent to increase or decrease gloss effect, and as an additive to densify the end-products.
The Market in the Asia Pacific Expected To Hold a Largest Share in Calcium Carbonate Market over the Forecast Period
Asia Pacific is estimated to be the leading calcium carbonate market and is anticipated to hold above 40 % market share over the forecast period and is anticipated to grow at a CAGR of xx% during the forecast period.
Increasing demand for calcium carbonate from various end-use industries such as paper, plastic, adhesives & sealants, and paints & coatings attributed to the growing demand for the calcium carbonate in this region. A strong industrial base, the availability of low-cost labor and favorable government policies are strengthening the calcium carbonate market in APAC. Paper production holds significant importance in the Asia Pacific due to countries like China, Japan, and India. China and Japan are leading paper producing countries in the world. For instance, According to the Japan Paper Association, the country produced 26,056,081 tons of paper & paperboard in 2019 and According to the Indian Paper Manufacturers Association (IPMA), the country accounts for around 4% of the world paper production and the growing consumption of paper is anticipated to increase demand for calcium carbonate.
While North America was the second-largest market in 2019 owing to increasing demand from paints & coatings and plastics industry in the U.S. However, the Central & South America region is projected to register the highest growth in the calcium carbonate market during the forecast period Central & South America is projected to be the fastest growth rate during the forecast period. According to the IMF, South America’s GDP is expected to increase by around 22.0% by 2023. The recovery of the economy is expected to result in the growth of the construction industry in the region, which is anticipated to lead to increased consumption of calcium carbonate.
Some of the key players in the global Calcium Carbonate market are Imerys, Minerals, Technologies Inc., Newpark Resources Inc., Zhenjiang Jiande Longhua Plastic Chemical Co., Ltd, Yuncheng Chemical Industrial CO., Ltd, Nordkalk Corporation, Global Calcium Carbonate Industries, Calcit d.o.o, Schaefer Kalk GmbH & Co KG, Shiraishi Kogyo Kaisha Ltd,OKUTAMA KOGYO CO., LTD. And Maruo Calcium Co. Ltd.
Calcium Carbonate Market Key Segments:
Calcium Carbonate Market, By Type
- Ground calcium carbonate (GCC)
- Uncoated Ground Calcium Carbonate
- Coated Ground Calcium Carbonate
- Precipitated calcium carbonate (PCC)
Calcium Carbonate Market, By End-Use Industry
- Paints & Coatings
- Adhesives & Sealants
- Building & Construction
- Others (rubber, environment, pharmaceutical, cosmetic, food, oil & gas and others)
Calcium Carbonate Market, By Region
- North America
- Asia Pacific
- Middle east and Africa
- Latin America