23-Nov-2022 | Zion Market Research
The global calcium carbonate market size was worth around USD 20.1 billion in 2021 and is predicted to grow to around USD 29.8 billion by 2028 with a compound annual growth rate (CAGR) of roughly 5.8% between 2022 and 2028.
Calcium carbonate (CaCO3) is a white, non-toxic, and odorless solid chemical substance. It can be found in the earth's crust. It can be found in chalk, limestone, marble, and the shells of sea creatures. Mollusks and corals, for example, produce calcium carbonate from dissolved calcium and carbon dioxide in water.
The rise in calcium carbonate utilization is linked to the expansion of the paper industry and the increased intake of nutritional supplements. On the market, calcium carbonate is offered in two forms: precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC). PCC is produced by reacting carbon dioxide with a calcium hydroxide solution, whereas GCC is produced by crushing and processing limestone into calcium carbonate powder.
One of the main reasons contributing to the global calcium carbonate market's optimistic outlook is the significant global growth of the paper sector. Due to its advantageous high brightness and light scattering qualities, calcium carbonate is frequently employed in paper mills as a filler material in alkaline papermaking processes.
Additionally, it is utilized to make paper and paperboard of superior quality in place of wood pulp, additives, and minerals. Additionally, the market is growing as a result of the extensive use of products in the production of polyvinyl chloride (PVC) packaging and lightweight car components. Furthermore, calcium carbonate is utilized in the manufacturing of hygiene-related products as well as an extender and filler in paints.
Other growth-promoting factors include several commercial breakthroughs, such as the creation of nano calcium carbonate with biodegradable and biocompatible qualities. Genes, enzymes, and medicinal medicines are delivered using these nanoparticles as smart carriers. This, combined with significant infrastructure improvements and rising demand for the commodity as a building material, is expected to fuel market growth.
The global calcium carbonate market is segmented based on the type, application, and region.
The global market is divided into two categories based on type: precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC). During the projected period, the Ground Calcium Carbonate (GCC) segment is anticipated to rule the market. Ground calcium carbonate is a mineral that is often used in industry. Along with paints and coatings, it is used as a filler in paper and plastic products.
GCC can be converted into calcium hydroxide and calcium oxide (quick-lime), which are both utilized in cement (slaked lime). It can be used to elevate the pH of soils or water and neutralize combustion emissions. During the projected period, the Precipitated Calcium Carbonate (PCC) segment is anticipated to increase at the highest CAGR. Because of their distinctive form, PCCs can be used as functional additives in rubber, plastic, inks, paper, pharmaceutical, and nutraceutical applications, which will help this segment grow.
The market is divided into paper, plastic, paints & coatings, adhesives & sealants, and others based on application. During the projection period, the paper sector is predicted to retain the biggest market share in 2021. Calcium carbonate, which is also employed as a coating pigment, is a component of the paper pulp. Its addition enhances the paper's opacity and brightness.
The internet did not affect the demand for paper in other industries, such as packaging and tissue paper, but it had an impact on the market for print media. Because of the current epidemic, producers have had to boost their output to keep up with rising customer demand. For instance, in August 2020, Celulosa Argentina announced that it will increase its production of paper packaging by 30%. The business focused on the food market due to a surge in demand. The projected period is predicted to see the paper application category maintain its leadership thanks in part to the growth of the e-commerce sector and increased tissue paper usage.
The market for Calcium Carbonate is divided into five regions based on geography: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In 2021, Asia Pacific accounted for around 45% of the global calcium carbonate market.
The addition of calcium carbonate enhances the stiffness, impact resistance, elongation, and heat transmission of films, sheets, and injection-moulded products. In consequence, these characteristics help to lower the overall cost of formulation. Due to the existence of numerous paper factories there, Asia Pacific is a significant region in the global calcium carbonate market. As one of the main raw materials used to make paper and pulp, Asia Pacific is home to an abundance of trees. Additionally, the market's application categories for paints and plastic are growing quickly in the Asia Pacific region.
The global calcium carbonate market is dominated by players like AGSCO Corp, Carmeuse, Blue Mountain Minerals, GCCP Resources Limited, GLC Minerals, Greer Limestone Co., Gulshan Polyols Ltd., ILC Resources, Imerys, J.M. Huber Corporation, HOLCIM, and Mineral Technologies, among others.
This review is based on a report by Zion Market Research, titled “Calcium Carbonate Market By Type (Ground Calcium Carbonate (GCC) and Precipitated Calcium Carbonate (PCC)), By Application (Paper, Plastic, Paints & Coatings, Adhesives & Sealants, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.”- Report at https://www.zionmarketresearch.com/report/calcium-carbonate-market
The global calcium carbonate market is segmented as follows:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651