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The calcium carbonate market size is forecast to increase by USD 15.78 billion at a CAGR of 6% between 2023 and 2028. The growth of the market is influenced by several key factors. The increasing importance of precipitated calcium carbonate (PCC) in the paper industry is driving demand. Additionally, the paints and coatings sector is experiencing a rise in the consumption of aragonite calcite chalk, attributed to its advantageous properties. Both calcium carbonate and nano calcium carbonate are becoming essential as industrial fillers across various industries, further contributing to market expansion. These trends highlight the diverse applications and increasing need for calcium carbonate, underscoring its critical role in sectors such as paper manufacturing and coatings production, as well as its significance as an industrial additive, which propels the CaCO3 market forward.
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The CaCO3 market growth and trends report provides market growth and forecasting and comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
By Type
In the GCC segment, ground calcium carbonate (GCC) is produced by mechanically crushing and grinding natural limestone or marble into a fine powder. Its fine particle size, high brightness, and excellent whiteness make it highly valued across various industries. GCC is a versatile mineral utilized in sectors such as paper, plastics, paints, coatings, adhesives, rubber, and construction. The combination of its fine particle size and brightness allows for a wide range of applications, which contributes to increasing demand across these industries.
The GCC segment was valued at USD 35.46 billion in 2018. Ground calcium carbonate (GCC) serves as a cost-effective alternative to other fillers and pigments across various industries, including paper, plastics, and coatings. Its wide availability and lower production costs compared to synthetic alternatives make it an appealing option for manufacturers. In sectors such as paper and paints, GCC enhances attributes like opacity, brightness, smoothness, and printability. In the plastics and rubber industries, it improves mechanical properties and minimizes wear and tear. As a naturally occurring mineral, GCC aligns with the increasing consumer and regulatory demand for eco-friendly and sustainable products, contributing to reduced environmental impacts across multiple industries. The construction sector significantly consumes GCC, incorporating it into caulks, sealants, adhesives, and other materials. The ongoing global infrastructure development and construction activities are influencing the demand for GCC. Additionally, GCC is utilized as a dietary supplement and in pharmaceutical formulations due to its calcium content. Its role as a safe, non-toxic additive in the food industry also supports growth in the calcium carbonate market.
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APAC is estimated to contribute 49% to the growth of the global market during the forecast period. The APAC market, primarily sourced from minerals such as calcite, chalk, marble, and aragonite, has experienced notable growth driven by increased industrialization and urbanization. The expansion of manufacturing sectors and infrastructure development has fueled demand in applications including electrical and electronics, plastics, and construction materials. Additionally, the requirements for logistics systems and production facilities have led to considerations regarding reserve capacity and transportation costs.
The market plays a vital role across several industries, including paints and coatings, industrial adhesives, food additives, and cosmetics. Calcium carbonate, sourced from minerals such as calcite, chalk, marble, and aragonite, is an essential raw material in these sectors. In paints and coatings, aragonite calcite chalk serves as a filler and extender, improving opacity while lowering costs. As a food additive, it functions as a preservative, acidifier, and flavoring agent. Additionally, in water treatment, it is important for regulating pH levels. The growing demand for hygiene paper and dietary supplements among the increasing population further contributes to the growth of the calcium carbonate market. The capacity of aragonite calcite chalk to serve as a raw material in these industries ensures its ongoing use and market stability.
Key Market Driver
The paint and coatings industry is expected to see significant growth in the coming years, largely driven by the rising use of calcium carbonate in this sector. The demand for aragonite calcite chalk, a versatile mineral, has increased across various industries, especially in paper production. During the Coronavirus pandemic, the need for calcium carbonate as a coating pigment, filler additive, brightening agent, and surface finish enhancer in paper manufacturing has risen sharply.
Additionally, its fine particle size and ease of application make it a preferred material. Calcium carbonate is also utilized in paints and coatings, adhesives, food additives, preservatives, acidifiers, and flavoring agents. In water treatment, it acts as a cleaning agent, while in cosmetic products and dietary supplements, it serves to regulate pH levels. The production of calcium carbonate involves chemical processes, allowing manufacturers to control its physical and chemical properties. These factors are contributing to the growth of the calcium carbonate market during the forecast period.
Growing demand from the construction industry is becoming a notable trend in the market. With global population growth and the increasing need for modern infrastructure, the construction sector's reliance on aragonite calcite chalk has expanded. This mineral, derived from limestone, serves as a versatile raw material in cement, concrete, and asphalt production. Its applications include various construction products, such as plaster, stucco, and roofing materials. In light of the heightened focus on sustainability, aragonite calcite chalk is being integrated into eco-friendly building materials. The coronavirus pandemic has impacted trade dynamics, resulting in stockpiling and panic buying. Nonetheless, the use of aragonite calcite chalk across multiple industries remains stable.
Additionally, in the paints and coatings sector, it functions as a filler material, enhancing brightness and smoothness. In adhesives, it improves bonding strength and stability. Derivatives of aragonite calcite chalk, such as calcium citrate and citric acid, find applications as food additives, preservatives, acidifiers, and flavoring agents. This mineral is also utilized in cleaning agents, cosmetics, and dietary supplements. Its capacity to regulate pH levels makes it suitable for water treatment applications. In the construction field, calcium carbonate nanoparticles are recognized for their high biocompatibility and porosity, making them ideal for hygiene paper and construction sites. Consequently, these factors are contributing to the growth and trends in the calcium carbonate market throughout the forecast period.
Health hazards linked to calcium carbonate present a significant challenge for the market. Various factors considerably impact market dynamics. The ongoing coronavirus pandemic has led to increased demand for aragonite calcite chalk across multiple industries, including paints and coatings, adhesives, and food additives. Calcium citrate and citric acid, derived from aragonite calcite chalk, serve as preservatives, acidifiers, and flavoring agents in food and beverages.
In the industrial sector, aragonite calcite chalk acts as a raw material for manufacturing cleaning agents, cosmetics, and dietary supplements. Its high pH value makes it suitable for applications in water treatment and construction. Limestone, the primary source of aragonite calcite chalk, is geographically concentrated in North America, particularly in the United States. These factors are anticipated to impede the growth of the calcium carbonate market during the forecast period.
The market is fragmented in nature. Some significant players include CRH Plc, GCCP Resources Ltd., Imerys S.A., J M Huber Corp., Lhoist SA, Minerals Technologies Inc., Mississippi Lime Co.,
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
CRH Plc: The market for calcium carbonate caters to various industries, supplying mesh-grit calcium carbonate as an economical alternative to costly resins for use as polymer additives.
AGSCO Corp., Bhavani Chemicals, Carmeuse Coordination Center SA, Cerne Calcium Co., CRH Plc, GCCP Resources Ltd., GLC Minerals, Greer Industries, Gulshan Polyols Ltd., Imerys S.A., J M Huber Corp., Kunal Calcium Ltd., Lhoist SA, Minerals Technologies Inc., Mississippi Lime Co., Omya International AG, Parchem Fine and Specialty Chemicals Inc., SCHAEFER KALK GmbH and Co. KG, SCR Sibelco NV, and Zillion Sawa Minerals Pvt. Ltd.
During lockdown periods, global trade experienced significant challenges, affecting various sectors, including building and construction, packaging demand, and food consumption. However, sectors such as chemical compounds and mineral technologies demonstrated resilience, driven by economic recoveries and consistent demand for high porosity materials like kaolin, particularly in paper coating and wood pulp applications. The demand for tissue products increased as hygiene standards became more stringent, leading to a rise in the production of corrugated packaging and antacids.
Additionally, advancements in genetic research and enzyme technology have transformed drug development, improving efficiency and safety in pharmaceuticals. These innovations highlight the dynamic relationship between mineral fillers and packaging in addressing changing consumer demands amid fluctuating economic conditions. Precipitated calcium carbonate (PCC) is produced synthetically and offers higher purity and finer particle size compared to ground calcium carbonate (GCC). Nano calcium carbonate (NCC) is an ultra-fine form of calcium carbonate with particle sizes typically less than 100 nanometers.
Calcium Carbonate (Caco3) Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
Market growth 2024-2028 |
USD 15.78 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.57 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 49% |
Key countries |
China, US, Germany, Japan, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AGSCO Corp., Bhavani chemicals, Carmeuse Coordination Center SA, Cerne Calcium Co., CRH Plc, GCCP Resources Ltd., GLC Minerals, Greer Industries, Gulshan Polyols Ltd., Imerys S.A., J M Huber Corp., Kunal Calcium Ltd., Lhoist SA, Minerals Technologies Inc., Mississippi Lime Co., Omya International AG, Parchem Fine and Specialty Chemicals Inc., SCHAEFER KALK GmbH and Co. KG, SCR Sibelco NV, and Zillion Sawa Minerals Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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