Global Calcium Carbonate Market Report and Forecast 2023-2028

Global Calcium Carbonate Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global calcium carbonate market attained a value of USD 20.42 billion in 2022. Aided by the increasing use of calcium carbonate in various industries, the market is projected to further grow at a CAGR of 4.2% between 2023 and 2028 to reach a value of USD 26.21 billion by 2028.

Calcium carbonate is a naturally occurring inorganic compound with the chemical formula CaCO3, it is found in various forms, including limestone, marble, and chalk. It serves as a filler, extender, and pigment in different applications due to its low cost, abundance, and desirable properties, such as high brightness, opacity, and weather resistance. One of the primary factors driving the growth of the calcium carbonate market is its increasing use in the paper industry. Calcium carbonate is used as a filler and coating pigment to improve the brightness, opacity, and printability of paper products. It also helps in reducing the consumption of wood pulp and other raw materials, thus, lowering production costs. The rising demand for paper packaging materials, driven by the growth of e-commerce and the food and beverage industry, is expected to fuel the demand for calcium carbonate in the paper sector.

The plastics industry is another significant end-use segment of the calcium carbonate market. Calcium carbonate is used as a filler in various plastic products, such as films, sheets, and moulded parts, to enhance their mechanical properties, thermal conductivity, and dimensional stability. The growing demand for lightweight and environmentally friendly plastic materials is expected to boost the consumption of calcium carbonate in the plastics sector. Furthermore, calcium carbonate is widely used in the paints and coatings industry as an extender and pigment. It helps in improving the durability, weather resistance, and aesthetic appearance of the coated surfaces. The expanding construction and automotive industries are anticipated to increase the demand for paints and coatings, thereby driving the growth of the calcium carbonate market.

In the agriculture sector, calcium carbonate is used as a soil conditioner and fertiliser to neutralise acidic soils and improve crop yields. The rising global population and the increasing need for sustainable agricultural practices are expected to enhance the demand for calcium carbonate in agriculture. The calcium carbonate market is also influenced by the growing pharmaceutical industry. Calcium carbonate is used as an antacid, calcium supplement, and excipient in the formulation of various drugs and nutraceuticals. The increasing prevalence of lifestyle-related diseases and the growing awareness about health and wellness are expected to boost the demand for calcium carbonate in the pharmaceutical sector, thus boosting the growth of the calcium carbonate market.

Market Segmentation

The market can be divided on the basis of application, end use, and region.

Market Segregation by Type:

• Ground Calcium Carbonate (GCC)
• Breakup by Type

Uncoated Ground Calcium Carbonate

Coated Ground Calcium Carbonate

• Precipitated Calcium Carbonate (PCC)

Market Segmentation by Application:

• Raw Substance for Construction Material
• Dietary Supplement
• Additive for Thermoplastics
• Filler and Pigment
• Component of Adhesives
• Desulphurisation of Fuel Gas
• Neutralising Agent in Soil
• Others

Market Breakup by End Use:

• Paper
• Paints and Coatings
• Adhesives & Sealants
• Construction
• Plastics
• Pharmaceuticals
• Automotive
• Agriculture
• Others

Market Division by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global calcium carbonate companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Omya AG
• Minerals Technologies Inc.
• Huber Engineered Materials (HEM)
• Yuncheng Chemical Industrial Co., Ltd.
• Glc Minerals, LLC
• Graymont Limited
• Others

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.