Ground Calcium Carbonate Market Size, Share & Trends Analysis Report By Application (Automotive, Building & Construction, Pharmaceutical, Agriculture), By Region, And Segment Forecasts, 2023 - 2030

Ground Calcium Carbonate Market Size, Share & Trends Analysis Report By Application (Automotive, Building & Construction, Pharmaceutical, Agriculture), By Region, And Segment Forecasts, 2023 - 2030

Ground Calcium Carbonate Market Growth & Trends

The global ground calcium carbonate market size is expected to reach USD 51.1 billion by 2030, expanding at 6.6% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by the increasing product demand from the paper industry owing to its ability to enhance paper properties such as opacity, brightness, and smoothness. The fine particle size and controlled properties make it a valuable additive in various manufacturing processes across different sectors.

Ground calcium carbonate can be further modified or surface-treated to impart specific properties or enhance its performance in certain applications. Surface treatments can improve dispersibility, and compatibility, and provide additional functionalities. The product is used in the production of pharmaceuticals and nutraceuticals as an excipient or dietary calcium supplement.

Asia Pacific is expected to dominate the market over the forecast period accounting for a revenue share of over 40% in 2022. Modern production techniques related to paper loading in China are expected to witness significant growth in the coming years. With the growing demand for paper, numerous companies are focused on increasing paper & pulp manufacturing capacities in emerging economies such as China and India. Countries including China, Japan, India, and South Korea have a sizable paper manufacturing industry which is expected to drive the demand for ground calcium carbonate (GCC) in the coming years.

Ground Calcium Carbonate Market Report Highlights

• In 2022, pulp & paper emerged as the dominant application segment contributing over 36% of the revenue share as GCC acts as a cost-effective filler and coating pigment, reducing the consumption of expensive fibers and improving the quality of paper products
• Building & construction was the second-largest application and is predicted to grow at a CAGR of 6.5% owing to its growing usage as a filler, and benefits such as added strength, improved workability, and reduction in costs
• GCC powder is relatively affordable and possesses superior whiteness, inertness, and incombustibility, as well as low oil- and water adsorption
• The Asia Pacific is projected to dominate the market in the coming years owing to an increase in paper manufacturing activities coupled with the development of new paper mills

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