Calcium Carbonate Market Registering a CAGR of 4.2% During the Forecast Period
Research Reports
Mar 24, 2022
Calcium Carbonate Market Overview
The global calcium carbonate market is projected to be valued at USD 49,502.89million by the end of 2028, registering a CAGR of 4.2% during the forecast period.
Calcium carbonate is found in rocks as the calcite and aragonite minerals. It is the main component of snail shells, eggshells, seashells, and pearl. Calcium carbonate comprises around 4% of the earth’s crust, found globally. It is extracted by quarrying or mining and is commonly used for industrial purposes. Precipitated calcium carbonate and ground calcium carbonate are two forms of calcium carbonate.
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Key Players
Some of the leading players operating in the Calcium Carbonate market
- OMYA AG (Switzerland)
- Imerys Performance Minerals (France)
- Minerals Technologies Inc. (US)
- Huber Engineered Materials (US)
- Yuncheng Chemical Industrial Co.Ltd (China)
- Zhejiang JiandeLonghua Plastic Chemical Co. Ltd (China)
- Maruo Calcium Co., Ltd. (Japan)
- GLC Minerals Inc. (US)
- Calchem Industries (India) Ltd
- Graymont Limited (Canada)
- Fujian Sanmu Nano Calcium Carbonate Co., Ltd (China)
- Mississippi Lime Company (US)
Market Dynamics
In the calcium carbonate market, the paper industry is one of the largest consumers globally, as it is widely used in the manufacturing of paper. Calcium carbonate in the ground and precipitated form is used as filler and coating pigment and produced papers with whiteness and good printing properties. Hence, growing demand from various end-use industries, including plastic, paints &coatings, and paper, is one of the major factors driving the growth of the global calcium carbonate market. For instance, according to the Food and Agriculture Organization (FAO) of the United Nations and MRFR Analysis, Asia-Pacific had the largest paper and board industry, followed by Europe and North America respectively in 2018.
Also, increasing consumption of calcium carbonate as filler is fueling the growth of this market. However, various stringent regulations related to mining are likely to hamper the growth of this market. Some of the federal laws that regulate mining in the US are Resource Conservation and Recovery Act (RCRA), National Environmental Policy Act (NEPA), Clean Water Act (CWA), Toxic Substances Control Act (TSCA), Clean Air Act (CAA), and the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA).
Segment Analysis
The global calcium carbonate market has been segmentedon the basis ofproduct type, end-use industry, and region.
Based on product type, the global market has been segmented into ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC). The ground calcium carbonate segment accounted for the largest market share of more than 70% in 2020, followed by precipitated calcium carbonate.
The end-use industry is bifurcated into paper, paints & coatings, plastics, adhesives & sealants, construction, and others. The paper segment accounted for more than 30% of the global market. Calcium carbonate is used in the manufacturing process of paper as acost-effective filler substitute for wood filler. It improves brightness and paper optics. The plastic end-use industry segment accounted for thesecond-largest market share in 2020 and is expected to register the highest CAGR of over 4%.
Based on region, Asia-Pacific dominated the global calcium carbonate market in 2020 owing to growing end-use industries such as paper and paints & coatings.
Key Findings of the Study:
The global calcium carbonate market is projected to reach a value of USD49,502.89 millionby 2028, with a CAGR of around 4.2%during the forecast period.
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Asia-Pacific accounted for the major market share and emerged as the fastest-growing regionin the global Calcium Carbonate market. The market growth can be attributed to the fast-paced industrialization and urbanization in emerging economies such as India, China, Malaysia,and Thailand. In this region, China is one of the major producers and consumers of calcium carbonate and accounted for more than 35% market share in terms of value in 2020.
Paper accounted for the highest market share based on end-use industry, followed by plastics and paints & coatings respectively in 2020.There is a growing demand for calcium carbonate as a coating pigment as it produces papers with high whiteness and good printing properties. In the plastic industry, calcium carbonate is used as a raw material for compounding with polymers and major applications for polypropylene, plasticized and rigid PVC, polyethylene, and unsaturated polyesters. It improves the quality of breathable films for diapers, hygiene, medical and roofing applications.
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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1.1 GLOBAL CALCIUM CARBONATE MARKET, BY TYPE
1.1.2 GLOBAL CALCIUM CARBONATE MARKET, BY END-USE
1.1.3 GLOBAL CALCIUM CARBONATE MARKET, BY REGION
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 DRIVERS
4.2.1 HIGH DEMAND FROM THE PAPER AND PLASTIC INDUSTRY
4.2.2 GROWING DEMAND FROM THE PAINTS AND COATINGS INDUSTRY
4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
4.3.1 STRINGENT GOVERNMENT REGULATIONS ON MINING ACTIVITIES
4.3.2 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITIES
4.4.1 WIDENING SCOPE OF APPLICATIONS
4.5 CHALLENGES
4.5.1 EMERGENCE OF DIGITIZATION TO IMPACT THE PAPER INDUSTRY
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