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The precipitated calcium carbonate market size is valued to increase USD 2.38 billion, at a CAGR of 4.4% from 2023 to 2028. Importance of PCC in paper industry will drive the precipitated calcium carbonate market.
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The precipitated calcium carbonate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The pharmaceutical grade segment is estimated to witness significant growth during the forecast period.
calcium carbonate, a versatile inorganic compound, plays a significant role in various industries, including paper manufacturing, paint production, and pharmaceuticals. In the paper industry, calcium carbonate serves as a filler material, enhancing mechanical strength and improving rheological properties. Its use in paint applications contributes to pigment properties, dispersion stability, and product lifecycle management. In the pharmaceutical sector, pharmaceutical-grade calcium carbonate is a crucial excipient, ensuring product standardization and compliance with regulations. The demand for calcium carbonate in the paper industry is driven by the increasing production capacity and the need for energy efficiency improvements. For instance, the paper manufacturing process employs calcium carbonate to enhance product quality and reduce wastewater treatment costs.
In the paint industry, calcium carbonate's use as a paint additive has witnessed growth due to its ability to improve product performance and reduce production costs. Pharmaceutical-grade calcium carbonate's market share in the pharmaceutical sector is expanding, with a 15% increase in demand from the pharmaceutical industry in the last year. Furthermore, the market for calcium carbonate in the pharmaceutical sector is projected to grow by 18% over the next five years. Environmental impact assessments and abrasion resistance testing are essential considerations in the production and application of calcium carbonate. Producers focus on optimizing production processes to minimize environmental impact and enhance crystal morphology control.
Additionally, material handling systems and thermal stability analysis play a crucial role in ensuring the quality and consistency of calcium carbonate products. In the pharmaceutical industry, calcium carbonate's whiteness index determination and particle size distribution are critical factors influencing its suitability for various applications. Quality control procedures, such as Carbon Dioxide absorption testing and pigment properties assessment, ensure the purity and dispersion stability of calcium carbonate in pharmaceutical formulations. Calcium carbonate's role as a filler material in various industries underscores its importance in diverse applications. Its applications span across industries, including paper, paint, plastics, and pharmaceuticals. The market for calcium carbonate is expected to continue growing, driven by increasing production capacity, evolving application requirements, and the need for cost reduction techniques.
The Pharmaceutical grade segment was valued at USD 6.94 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 43% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The Precipitated Calcium Carbonate (PCC) market is experiencing significant growth, with APAC leading the charge as the largest regional market. In 2023, this region accounted for the majority of the market share, driven by the expanding applications in industries such as building and construction, and increasing government investments in infrastructure development. The rapid expansion of these sectors, particularly in emerging economies like China and India, is fueling the growth of the PCC market. For instance, China's 14th Five-Year Plan (2021-2025) prioritizes the construction industry as a key contributor to its economic growth, projected to account for 6% of the country's GDP by 2025.
Three key statistics underscore this trend: the APAC market is projected to witness a high growth rate, the building and construction industry's increasing demand for PCC, and China's commitment to investing in infrastructure development.
Our researchers analyzed the data with 2023 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.
The global precipitated calcium carbonate (PCC) market encompasses the production and distribution of calcium carbonate derived through a precipitation process. This market holds significance due to the versatile applications of PCC in various industries, including paint, paper, plastics, pharmaceuticals, and food processing. The calcium carbonate precipitation process is a critical factor influencing the market's growth. Optimization of this process leads to improved calcium carbonate purity and whiteness standards, essential for applications where high-quality calcium carbonate is required. The particle size of calcium carbonate plays a pivotal role in paint rheology, with smaller particles ensuring better dispersion and improved flow properties.
In the paper industry, calcium carbonate serves as a functional filler, enhancing mechanical strength and reducing water absorption capacity. The effect of surface area on paper coating is another essential consideration, as larger surface areas provide better bonding and improved performance. In the plastics sector, calcium carbonate is used to improve dispersion and rheological properties of slurries. The thermal stability of precipitated calcium carbonate is crucial for its application in pharmaceutical formulations, where it acts as a binder and filler. The market for calcium carbonate also extends to wastewater treatment processes, where it is used to enhance mechanical strength and abrasion resistance.
Cost reduction strategies in calcium carbonate production, such as optimization of particle size distribution and improving flowability, are key trends driving market growth. Despite its widespread use, the production of calcium carbonate carries an environmental impact. Sustainable production methods, including the use of Renewable Energy sources and waste reduction strategies, are gaining traction in the market. Comparatively, the demand for calcium carbonate in the paint industry is significantly larger than its use in the academic sector. This disparity highlights the market's diverse applications and the potential for growth in various industries.
The precipitated calcium carbonate market forecasting 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 precipitated calcium carbonate market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Precipitated Calcium Carbonate Industry
Companies are implementing various strategies, such as strategic alliances, precipitated calcium carbonate market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Blue Mountain Minerals - Precipitated calcium carbonate, a key ingredient in the building and construction industry, is a product the company specializes in. This calcium carbonate variant offers superior performance and consistency, contributing significantly to various applications such as paint, coatings, and cement production. The company's commitment to research and development ensures continuous improvement and innovation in their product offerings.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Precipitated Calcium Carbonate Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
174 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.4% |
Market growth 2024-2028 |
USD 2378.5 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.1 |
Key countries |
China, US, India, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Precipitated Calcium Carbonate Market between 2024 and 2028?
USD 2.38 billion, at a CAGR of 4.4%
What segmentation does the market report cover?
The report segmented by Type (Pharmaceutical grade and Industrial grade), End-user (Paper, Plastic, Paint, Adhesive and sealant, and Others), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)
Which regions are analyzed in the report?
APAC, Europe, North America, Middle East and Africa, and South America
What are the key growth drivers and market challenges?
Importance of PCC in paper industry, Declining sources of limestone
Who are the major players in the Precipitated Calcium Carbonate Market?
Key Companies Blue Mountain Minerals, Cales de Llierca SA, Carmeuse Coordination Center SA, Chemical and Mineral Industries Pvt. Ltd., FIMATEC Ltd., GCCP Resources Ltd., Graymont Ltd, Guangdong Qiangda New Materials Technology Co. Ltd., Gulshan Polyols Ltd., Imerys S.A., Lhoist SA, Longcliffe Quarries Ltd., Minerals Technologies Inc., Mississippi Lime Co., Nordkalk Corp., Okutama Industry Co. Ltd., Omya International AG, SCHAEFER KALK GmbH and Co. KG, SCR Sibelco NV, and Shiraishi Kogyo Kaisha Ltd.
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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
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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