Calcium Carbonate Market Share, Size & Industry Growth 2031

Report Description

Calcium Carbonate Market Outlook 2031

The global calcium carbonate market size was valued at USD 44.70 Billion in 2022 and is anticipated to reach USD 79.46 Billion by 2031 expand at a substantial CAGR 6.6% during the forecast period, 2023–2031. The growth of the market is attributed to increasing adoption of calcium carbonate to enhance the properties of polymeric materials.

Calcium carbonate is a chemical compound that is white in color and non-toxic. It is found in rocks as calcium and calcite crystals, and in eggs, snail skins, mussels, and pearls. The active component in agricultural limestone is calcium carbonate, which is formed when calcium ions in saltwater combine with carbonate ions to form limescale.

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It is used in medicine as a calcium supplement or as an antacid, but excessive use can be harmful, causing metabolic alkalosis and digestive problems. It is a major component of chalk, limestone, and marble. Digging or mining are used to obtain calcium carbonate for use in industrial operations. Precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC) are common types of the chemical compound.

PCC contains small and regulated particle sizes, whereas GCC has a powdery-like texture with varying particle sizes. Calcium carbonate is widely utilised as a filler in the paper and paperboard industries due to its high brightness and light reflecting characteristics. It is also utilised in the acrylic and coatings industry as a coating material.

Calcium Carbonate Market Trends, Drivers, Restraints, and Opportunities

• The emergence of innovative chemical, biomedical, and commercial applications is driving the market growth.
• Growing use of calcium carbonate in construction industry as a raw material for the manufacturing of bonds, mortars, and concrete is anticipated to spur the growth of the market.
• Environmental risks associated with mining limestone and calcium carbonate issues are expected to hamper the overall industry expansion.
• Increasing production of calcium carbonates owing to expanding applications is expected to bring lucrative opportunities for industry players during the forecast period.

Scope of The Calcium Carbonate Market Report

The report on the global calcium carbonate market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Calcium Carbonate Market Segment Insights

The application segment is projected to expand at a considerable CAGR

Based on applications, the market is segmented into component of adhesives, filler and pigment, additive for thermoplastics, desulfurization of fuel gas, dietary supplements, neutralizing agent in soil, raw substance for construction material, and others. The component of adhesives is projected to expand at a considerable CAGR during the forecast period.

Increasing building activity and rising demand from various industries such as paper, rubber, and automobile is driving the market segment growth. On the other hand, the raw substance for construction material segment is anticipated to account for a major market share during the forecast period.

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Types segment is expected to grow at a rapid pace

On the basis of types, the market is further bifurcated as precipitated calcium carbonate and ground calcium carbonate. The precipitated calcium carbonate segment is expected to grow at a rapid pace during the forecast period due to wide use of this type in various applications. However, the ground calcium carbonate segment is estimated to hold a significant share of the market owing to its low cost.  GCC is regularly utilized as a replacement in the plastic, textile, and paper production.

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Automotive segment is anticipated to constitute a key market share

 Based on end-user Industries segment, the market is categorized into paints and coatings, pharmaceutical, automotive, agriculture, paper, plastic, adhesives and sealants, construction, rubber, and others. The automotive segment is anticipated to hold a key share of the market in the coming years owing to rising sales of passenger cars, which is due to rising disposable income.  

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the calcium carbonate market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia pacific is expected to constitute a key share of the market during the projected period. The emergence of innovative chemical, biomedical, and commercial applications is driving the industry forward.

However, the market in North America is anticipated to expand at a rapid pace during the forecast period. The growth in this region is attributed to increasing demand for calcium carbonate from a variety of different sectors including papers, rubber, acids & sealants, and oils & coatings.

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