Calcium Carbonate Market Outlook
According to the report by Expert Market Research (EMR), the global calcium carbonate market size reached a value of USD 21.36 billion in 2023. Aided by the increasing demand across diverse sectors like construction, paper, and plastic manufacturing, the market is projected to further grow at a CAGR of 4.30% between 2024 and 2032 to reach a value of USD 31.10 billion by 2032.
Calcium carbonate is a widely used inorganic compound found naturally in limestone, chalk, and marble. It is valued for its versatility, low cost, and availability. Precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC) are the two primary types, each serving different applications based on purity, particle size, and composition.
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Calcium carbonate serves as a filler and coating pigment to improve paper brightness, opacity, and surface gloss. The growth of the packaging and paperboard industries, especially in developing regions, significantly drives demand. It is used in cement production, paints, and adhesives due to its cost-effectiveness and functionality. With rising infrastructure projects globally, the construction sector is a substantial contributor to the calcium carbonate market growth.
Moreover, the increasing use of plastics in automotive and packaging sectors has increased the demand for calcium carbonate. As a filler in plastic products, calcium carbonate enhances mechanical strength, improves durability, and reduces production costs.
Calcium carbonate is also used to neutralise acidic soil conditions and improve fertility. As global food production strives to meet the demands of a growing population, its use in agricultural lime is likely to expand. Additionally, it is also used as a calcium supplement in pharmaceuticals and food fortification. The rising awareness about calcium deficiency and the demand for health supplements support its growth in these sectors, consequently driving up the calcium carbonate market share.
As a major ingredient in cement and lime production, calcium carbonate plays a crucial role in the construction sector. It is also used in paints, sealants, and adhesives due to its whiteness and stability. Moreover, it is widely used in the paper sector as a coating agent and filler to improve the brightness and smoothness of finished products. It also reduces production costs by replacing more expensive cellulose.
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In plastic manufacturing, it is used to improve the rigidity of products, reduce shrinkage, and enhance heat resistance. This is particularly useful in PVC, polypropylene, and polyethylene production, leading to calcium carbonate market development.
In agriculture, calcium carbonate improves soil quality, neutralizes acidity, and aids in crop growth. In animal feed, it helps in bone development and overall health. It is also used in antacids, dietary calcium supplements, and as a firming agent in food processing.
As per the calcium carbonate market analysis, the Asia-Pacific region holds the largest share of the global calcium carbonate market due to the high demand from the paper, plastics, and construction industries in China, India, and Southeast Asia. Rapid industrialisation, infrastructure development, and urbanisation have increased the consumption of calcium carbonate in the region.
North America and Europe are mature markets, with steady demand from paper, paints, and pharmaceuticals. The emphasis on eco-friendly packaging and the growth of green buildings will continue to shape demand.
Latin America, the Middle East, and Africa are emerging markets due to expanding industrial activities and infrastructure investments. These regions offer lucrative growth opportunities, particularly for the construction and agricultural sectors.
Market Segmentation
The market can be divided based on the type, application, end use, and region.
Market Breakup by Type
- Ground Calcium Carbonate (GCC)
- Uncoated Ground Calcium Carbonate
- Coated Ground Calcium Carbonate
- Precipitated Calcium Carbonate (PCC)
Market Breakup by Application
- Raw Substance for Construction Material
- Dietary Supplement
- Additive for Thermoplastics
- Filler and Pigment
- Component of Adhesives
- Desulphurisation of Fuel Gas
- Neutralising Agent in Soil
- Others
Market Breakup by End Use
- Paper
- Paints and Coatings
- Adhesives and Sealants
- Construction
- Plastics
- Pharmaceuticals
- Automotive
- Agriculture
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global calcium carbonate market. Some of the major players explored in the report by Expert Market Research are as follows:
- Omya AG
- Minerals Technologies Inc.
- Huber Engineered Materials (HEM)
- Yuncheng Chemical Industrial Co., Ltd.
- Glc Minerals, LLC
- Graymont Limited
- AGSCO Corp
- GCCP Resources Limited
- Greer Limestone Company
- Gulshan Polyols Ltd.
- Lowa Limestone Company.
- Imerys S.A.
- J.M. Huber Corporation
- Holcim Ltd
- Midwest Calcium Carbonates, LLC
- Mississippi Lime Company
- Parchem fine & specialty chemicals
- United States Lime & Minerals, Inc.
- Others
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