The new report by Expert Market Research titled, ‘Global Calcium Carbonate Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global calcium carbonate market, assessing the market based on its segments like types, applications, end-user industries, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Calcium Carbonate Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 19.44 Billion
• Forecast CAGR (2023-2028): 4.2%
|Market Size in 2022||USD 19.44 Billion|
|Growth Rate CAGR||4.2%|
|Major Players||Omya AG, Mineral Technologies Inc., Huber Engineered Materials (HEM),|
Yuncheng Chemical Industrial Co., Ltd., Glc Minerals, LLC, and Graymont Limited, among others.
The thriving construction sector in the emerging economies is driving the calcium carbonate market. This can be attributed to the rising demand for calcium carbonate as a limestone aggregate from residential and commercial construction projects. The increasing application of the substance in paper manufacturing industry is likely to be a major invigorating factor in the market owing to the rising demand for paper in the education sector.
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Moreover, the increasing utilisation of the product as an antacid in the pharmaceutical industry is likely to boost the demand for calcium carbonate in the forecast period. The increasing demand for paints and coatings in the D-I-Y activities will aid the calcium carbonate industry in the coming years.
In terms of region, North America accounts for a significant share in the market owing to the abundance of marbles, limestone, and calcite in the region. The rapid urbanisation and rising investments in the building and construction projects are anticipated to bolster the market in the region. The market will be aided by strong foothold of major calcium carbonate manufacturers in the United States of America and Canada.
Calcium Carbonate Industry Definition and Major Segments
Calcium carbonate, also known as calcite, is a white, colourless, odourless substance found in crystal or powder form. It is insoluble in water and comprises more than 4% of the earth’s crust. Common substances in which calcium carbonate is found are chalk, crystal, and limestone. The substance is classified as a metamorphic rock and its large deposits are found in North America and Europe.
On the basis of type, the market can be segmented into:
- Ground Calcium Carbonate (GCC)
- Uncoated Ground Calcium Carbonate
- Coated Ground Calcium Carbonate
- Precipitated Calcium Carbonate (PCC)
On the basis of application, the market has been segmented into:
• Raw Substance for Construction Material
• Dietary Supplement
• Additive for Thermoplastics
• Filler and Pigment
• Component of Adhesives
• Desulphurisation of Fuel Gas
• Neutralising Agent in Soil
The significant end-use industries included in the market are as follows:
• Paints and Coatings
• Adhesives and Sealants
The regional markets for calcium carbonate include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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Calcium Carbonate Market Trends
The key trends in the calcium carbonate market include the growing expansion of major calcium carbonate manufacturers across the world. In October 2021, Omya announced the hike in prices of calcium carbonate owing to the escalating demand for the compound as a raw material in various end use industries.
Also, in July 2020, Omya took a decision to expand and rebuild its calcium carbonate plant in Orgon, Provence, France aimed towards spearheading the production capacity of the product. Furthermore, the technological advancements in the automotive industry, owing to the increasing sales of electric vehicles, are anticipated to accelerate the demand for the product in the forecast period.
Key Market Players
The major players in the Global Calcium Carbonate Market are :
- Omya AG
- Mineral Technologies Inc.
- Huber Engineered Materials (HEM)
- Yuncheng Chemical Industrial Co., Ltd.
- Glc Minerals, LLC
- Graymont Limited
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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