Global Precipitated Calcium Carbonate (PCC) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Precipitated Calcium Carbonate (PCC) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Precipitated calcium carbonate (PCC), also known as purified, refined or synthetic calcium carbonate, is an innovative product derived from lime with many industrial applications. PCC is made by hydrating high-calcium quicklime and then reacting the resulting slurry or milk of lime with carbon dioxide. As long as PCC meets certain purity requirements, it can be used as a direct food additive, as an indirect additive in pharmaceuticals, or in paper products that come into contact with food.

Market Overview:

The latest research study on the global Precipitated Calcium Carbonate (PCC) market finds that the global Precipitated Calcium Carbonate (PCC) market reached a value of USD 2957.43 million in 2022. It’s expected that the market will achieve USD 3947.41 million by 2028, exhibiting a CAGR of 4.93% during the forecast period.

Economic

smooth functioning of the economy is good for global trade. However, the global impact of coronavirus disease 2019 (COVID-19) is likely to significantly impact the growth of this market. The COVID-19 outbreak has had many impacts, such as flight cancellations; travel bans and quarantines; restrictions on all outdoor activities; states of emergency declared in many countries; significant slowdown in supply chains; and unpredictability in the stock market. COVID-19 can affect the global economy in 3 main ways: direct impact on production and demand, supply chain and market disruption, and financial impact on companies and financial markets.

India may increase market demand

In Asia Pacific, India is one of the dominant countries. The market is mainly driven by low-cost labor, low raw material prices, and the growing urban population in the region. The construction industry in India is currently in a period of rapid growth, thanks to the government's investment in infrastructure development, with new projects such as subways, bridges and buildings being constructed across the country. The Make in India government policy has resulted in growing foreign direct investment in the manufacturing sector in the country, thereby propelling the development of various industries. This in turn drives downstream markets such as plastics and coatings in the country. The booming plastics and coatings market in India is expected to drive the growth of the precipitated calcium carbonate market.

Growing demand from the pharmaceutical industry will be a Key Market Trend

In the pharmaceutical industry, tablets and syrups use high-purity calcium carbonate as an ingredient in various calcium formulations. This is because calcium carbonate also helps in controlling the buffer and pH of the broth media during the fermentation of antibiotics. Furthermore, it is also predominantly used to prepare calcium salt for nutritional supplements and food fortification. These factors are likely to lead to an increased demand for calcium carbonate, which in turn, will lead to the growth of the North American calcium carbonate market.

Region Overview:

In 2022, the share of the Precipitated Calcium Carbonate (PCC) market in Asia Pacific stood at 62.59%.

Company Overview

Minerals Technologies is one of the major players operating in the Precipitated Calcium Carbonate (PCC) market, holding a share of 14.96% in 2022.

Minerals Technologies

The Specialty Minerals segment of Minerals Technologies manufactures and markets the synthetic mineral product precipitated calcium carbonate (PCC), mines mineral ores, and processes and markets natural mineral products, primarily limestone and talc.

Omya

Omya is a leading global producer of industrial minerals-mainly fillers and pigments derived from calcium carbonate and dolomite-and a worldwide distributor of specialty chemicals.

Segmentation Overview:

By type, Industrial Grade segment accounted for the largest share of market in 2022.

Pharmaceutical Grade

Pharmaceutical grade Precipitated Calcium Carbonate (PCC) is with high chemical purity (>98%). Pharmaceutical Grade Precipitated Calcium Carbonate is used as a neutralizer, filter aid, buffer and dissolving agent and filler and calcium source supplement in pharmaceutical formulations. It is used as a bulking agent, starter and nutritional supplement in food processing.

Industrial Grade

Industrial grade Precipitated Calcium Carbonate (PCC) is with chemical purity (>90%). Industrial Grade Precipitated Calcium Carbonate is divided into Ordinary PCC, Ultrafine PCC etc. It is mainly used in Paper Industry, Plastic Industry and Coating Industry etc.

Application Overview:

The market's largest segment by application is the segment Paper Industry, with a market share of 35.73% in 2022.

Key Companies in the global Precipitated Calcium Carbonate (PCC) market covered in Chapter 3:

Minerals Technologies
Guangxi Huana
Schaefer Kalk
OKUTAMA KOGYO
Kingcaco
Maruo Calcium
Omya
Imerys
Cales de Llierca
Mississippi Lime

In Chapter 4 and Chapter 14.2, on the basis of types, the Precipitated Calcium Carbonate (PCC) market from 2018 to 2029 is primarily split into:

Pharmaceutical Grade
Industrial Grade

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Precipitated Calcium Carbonate (PCC) market from 2018 to 2029 covers:

Paper Industry
Plastic Industry
Paints & Coatings Industry
Adhesives & Sealants
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)