According to the latest report by IMARC Group, titled”Calcium Carbonate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,“ The global calcium carbonate market is expected to exhibit a CAGR of 5.07% during 2022-2027.
Calcium carbonate refers to an odorless, colorless, tasteless, and crystalline carbonic salt of calcium. It is sourced from limestone rocks through quarrying and mining processes and can be produced commercially by the decomposition of carbon dioxide followed by re-carbonization. Calcium carbonate is commonly available in precipitates and grounded variants, which are widely used in the manufacturing of plastics, paints, papers, rubbers, and adhesives and as a whitening agent, mineral filler, and alkalizing agent. In addition, in pharmaceutical products, this substance is used as a calcium element to improve bone health and as an antacid to reduce heartburn, acid indigestion, and other digestive problems.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The escalating product utilization in paper mills as a filler substance in alkaline papermaking procedures, owing to its beneficial high brightness and light scattering properties and as a substitute for wood pulp, additives and minerals, premium-quality paper, and paperboard, is among the primary factors driving the calcium carbonate market. Besides this, the elevating requirement for this chemical in the production of polyvinyl chloride (PVC) packaging and lightweight automobile components is further augmenting the market growth. Moreover, calcium carbonate is also used to create hygiene-related products and as an extender and filler in paints, which is also catalyzing the global market. Apart from this, various innovations, such as the development of nano substances with biodegradable and biocompatible properties, are acting as significant growth-inducing factors. Furthermore, the growing product popularity as a smart carrier to deliver genes, enzymes, and therapeutic drugs and the increasing demand for this element as a building material are expected to bolster the calcium carbonate market in the coming years.
Breakup by Type:
- Ground Calcium Carbonate (GCC)
- Precipitated Calcium Carbonate (PCC)
Breakup by Application:
- Paper
- Paints and Coatings
- Plastics
- Adhesives and Sealants
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Blue Mountain Minerals
- Carmeuse (Carmeuse Lime Inc.)
- GCCP Resources
- GLC Minerals LLC (Hurlbut Holdings Inc.)
- Greer Limestone Company
- Gulshan Polyols Ltd
- Imerys (Belgian Securities B.V.)
- J.M. Huber Corporation
- LafargeHolcim
- Minerals Technologies Inc
- Mississippi Lime Company
- Omya AG
- Parchem Fine & Specialty Chemicals
- United States Lime & Minerals Inc. (Inberdon Enterprises Ltd.).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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