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The calcium carbonate market in North America is estimated to grow at a CAGR of 5.04% between 2022 and 2027. The size of the market is forecast to increase by USD 6,980.07 thousand t. The growth of the market depends on several factors, including the increasing use of calcium carbonate as industrial fillers, increasing consumption of calcium carbonate in the paints and coatings industry, and the importance of PCC in the paper industry.
This report extensively covers market segmentation by application (fillers, pigments, raw chemical materials, pH balancing agents, and dietary supplements), end-user (paper, paints and adhesive, plastics, healthcare, and others), and type (GCC and PCC). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increasing use of calcium carbonate as industrial fillers is notably driving the market growth, although factors such as declining sources of limestone may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Calcium Carbonate Market In North America Driver
The increasing use of calcium carbonate as industrial fillers is notably driving market growth. GCC is used as a filler and extender mineral. It is used as a substitute for titanium dioxide pigment in paints. The use of ultra-fine ground white marble for filling and coating paper is also rising. Finely ground and crushed calcium carbonate are used as a filler in several products, including plastics, paints, and paper. Limestone, chalk, and marble are the key sources of calcium carbonate.
In industrialized countries, the use of calcium carbonate as a filler is expected to increase significantly in the coming years. White marble reserves are the most abundant sources of carbonate fillers. Earlier, fillers were used as substitutes for expensive materials in paints. They were also used as alternatives to polymers in rubber and plastics to reduce the cost of production. The functions of these fillers have evolved, and they offer additional features such as stiffness, color, and opacity. Hence, such factors are expected to boost market growth.
Significant Calcium Carbonate Market In North America Trend
The rising demand for nano calcium carbonate in the plastics and rubber industries is an emerging trend in the market. The ultra-fine precipitated form of calcium carbonate with an average particle diameter >100 nm is used as an additive in numerous products. Nano-precipitated calcium carbonate (NPCC) is extensively used in the paper, plastic, paint, and rubber industries because of its exceptional chemical and physical properties.
Calcium carbonate is commonly used as a filler to reduce the cost of rubber products. Owing to technological innovations in superfine filler production and surface modification, calcium carbonate is used as a reinforcing filler in rubber production. Nanosized calcium carbonate is a low-cost, commercially available nanofiller that improves specific polymer properties such as permeability, stiffness and tensile strength, flame and scratch resistance, and thermal stability. It also improves the mechanical properties of the reinforced rubber-calcium carbonate composites. Therefore, such factors will fuel the growth of the market during the forecast period.
Major Calcium Carbonate Market In North America Challenge
The declining sources of limestone are major challenges impeding the market. Limestone is one of the economic sources of calcium carbonate. Some of the limestone reserves can yield as high as 98%-99% of calcium carbonate. Limestone reserves are geographically concentrated in North America, especially in the US. Most of the limestone reserves are located away from their major consuming regions. Due to this, limestone mining operations are considered economically unpractical by calcium carbonate manufacturers.
In addition, rising environmental and public concerns toward limestone mining due to noise and air pollution are hindering the market growth. Suppliers are forced to endure high compliance costs to carry on their mining operations. Cheaper imports are also reducing the prices of limestone and calcium carbonate, thus disturbing the profit margins of the vendors. Moreover, finding and creating new limestone quarries is a slow and time-consuming process. Hence, such factors will hinder market growth during the forecast period.
Key Calcium Carbonate Market In North America Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Calcium Carbonate Market in North America Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AGSCO Corp. - The company operates under one segment. The company under this segment focuses on the manufacturing and distribution of industrial minerals, abrasives, blasting equipment, and related materials and services. The key offerings of the company include calcium carbonate.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the fillers segment will be significant during the forecast period. Fillers are mainly used as additives in composite materials, plastics, and concrete to enhance the properties of the final products. They are also used as alternatives to expensive binders.
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The fillers segment was valued at 10,420.87 thousand t in 2017 and continued to grow until 2021. Calcium carbonate is used in numerous applications, including cement, plastics, rubber, and paper. It is used as a filler to whiten and brighten paper. Calcium carbonates are used as extenders in paint production and are the most widely used inorganic fillers. They are relatively inexpensive and are available in a variety of particle sizes. The most common grade of calcium carbonate filler is derived from limestone or marble and is widely used in sealants for automobile parts. Thus, owing to such advantages offered by fillers, the segment is anticipated to grow during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and analyzes the latest trends and growth opportunities from 2017 to 2027.
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Calcium Carbonate Market In North America Scope |
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Report Coverage |
Details |
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Page number |
169 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.04% |
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Market growth 2023-2027 |
6,980.07 th t |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
4.0 |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AGSCO Corp., Arkema Group, Brookville Manufacturing, Carmeuse Coordination Center SA, Cerne Calcium Co., CRH Plc, GLC Minerals, Graymont Ltd, Greer Industries, Imerys S.A., J M Huber Corp., Kerford Limestone, Lhoist SA, Mccarthy-Bush Corp., Minerals Technologies Inc., Mississippi Lime Co., Newpark Resources Inc., Omya International AG, Pete Lien and Sons Inc., and Solvay SA |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments. |
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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 Application
7 Market Segmentation by End-user
8 Market Segmentation by Type
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Trends
12 Vendor Landscape
13 Vendor Analysis
14 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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