The new report by Expert Market Research titled, ‘Global Calcium Carbonate Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global calcium carbonate market, assessing the market based on its segments like types, applications, end-user industries, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 5%
The thriving construction sector in emerging economies is driving the demand for calcium carbonate in various applications. This can be attributed to the rising utilisation of calcium carbonate as a limestone aggregate in residential and commercial construction projects. In addition, the increasing application of the substance for paper manufacturing is also supporting the market. Moreover, the increasing utilisation of the product as an antacid in the pharmaceutical industry has been observed, which is likely to boost the demand for calcium carbonate in the forecast period. In terms of region, North America accounts for a significant share in the market owing to the rapid urbanisation and rising investments in the building and construction projects in the region. Moreover, the market is expected to be aided by presence of major calcium carbonate manufacturers across the region.
Industry Definition and Major Segments
Calcium carbonate, also known as calcite, is a white, colourless, odourless substance found in crystal or powdered form. It is insoluble in water and comprises more than 4% of the earth’s crust. Common substances in which calcium carbonate is found are chalk, crystal, and limestone. The substance is classified as a metamorphic rock and its large deposits are found in North America and Europe.
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On the basis of type, the market can be segmented into:
- Ground Calcium Carbonate (GCC)
- Uncoated Ground Calcium Carbonate
- Coated Ground Calcium Carbonate
- Precipitated Calcium Carbonate (PCC)
On the basis of application, the market has been segmented into:
- Raw Substance for Construction Material
- Dietary Supplement
- Additive for Thermoplastics
- Filler and Pigment
- Component of Adhesives
- Desulfurisation of Fuel Gas
- Neutralising Agent in Soil
The significant end-users of the product are:
- Paints and Coatings
- Adhesives and Sealants
The regional markets for calcium carbonate include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The key trends in the global calcium carbonate market include the expansion strategies adopted by major calcium carbonate manufacturers and their increasing focus to provide the product for pharmaceutical, paints and coatings, and other applications in accordance with the most stringent quality standards. In July 2020, Omya announced to expand and rebuild its calcium carbonate plant in Orgon, France, aimed towards spearheading the company’s production capabilities and developing functionalised calcium carbonate product platform. Furthermore, the technological advancements and the increasing investments to optimise the manufacturing process by such leading players are anticipated to support the market growth in the forecast period.
Key Market Players
The major players in the market are Omya AG, Mineral Technologies Inc., Huber Engineered Materials (HEM), Yuncheng Chemical Industrial Co., Ltd., Glc Minerals, LLC, and Graymont Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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