USD 42 billion
Report ID:
SQMIG15E2135 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
68
|Figures:
75
Calcium Carbonate Market size was valued at USD 42 billion in 2019 and is poised to grow from USD 44.7 billion in 2023 to USD 74.1 billion by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).
Calcium carbonate is derived from calcium ores such as calcite, aragonite, and limestone and is also naturally found in egg shells, pearls, and marine animal shells. The product is heavily used across a wide range of applications, including medicinal, biological, chemical, agricultural, industrial, and home applications. It is also known as one of the key nutritional supplement and often used in antacid. As per our findings, calcium carbonate is heavily used as a whitening agent, a mineral filler, and an alkalizing agent, which play a key role in driving the growth of the global calcium carbonate market.
Increased demand for filler materials from paper, paints and coatings, plastic, and construction industires is expected to drive the market growth to a great extent in the years to come. Calcium carbonate is also used for iron purification, pool water pH adjustment, filler material for latex gloves, and as a disinfection agent. This is expected to further support the growth of calcium carbonate market.
US Calcium Carbonate Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 42 billion
Largest Segment
Ground Calcium Carbonate (GCC)
Fastest Growth
Precipitated Calcium Carbonate (PCC)
Growth Rate
6.6% CAGR
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The global calcium carbonate market is segmented based on type, end-user, and region. Based on the type, it is categorized into ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC). Based on end-user, the market is segmented into paper, plastic, paints & coatings, adhesives and sealants, agriculture, chemical, construction, and others, Based on region, it is categorized into North America, Europe, Asia-Pacific, America, and MEA.
Calcium Carbonate Market Analysis by Type
PCC demand is constricted by its niche application area and high price. Apart from niche usage in applications such as pharmaceuticals and oral care, there are alternative fillers that are also meeting the needs of the respective industry other hand PCC. The global calcium carbonate market is majorly dominated by top 4 producers, which account for approximately 30% of the market with imports meeting the remaining 20%–22% demand. Apart from top 4 players enjoying around 30%, the global calcium carbonate market is highly fragmented and served by medium-sized, small-scale, and unorganized producers.
Plastic Industry to Dominate Global Calcium Carbonate Market on Account of Wide Range of Applications
Plastic is estimated to be the fastest growing end-use industry of calcium carbonate in terms of value over the forecast period. This is due to the growing demand for calcium carbonate-reinforced polypropylene from the automotive industry, as well as calcium carbonate's ability to improve the characteristics of polymers and aid in heat dissipation. Furthermore, growing usage of plastics in a variety of end-use industries such as packaging, building and construction, and electrical and electronics has raised the demand for plastics are driving the growth of calcium carbonate market.
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In 2021, Asia Pacific dominated the global market, accounting for more than 37% of total revenue. The region is expected to grow at a consistent CAGR from 2022 to 2028 as a result of increased investments in infrastructure development and manufacturing industry. However, the pandemic has had a significant impact on manufacturing operations and the supply chain, which hinder the overall market growth to some extent.
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Calcium Carbonate Market Driver
Calcium Carbonate Market Restraint
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The global calcium carbonate market is highly competitive, which ca be attributed to the strong presence, local and international players throughout the value chain, including mining operations, processing facilities, and the application sector. In order to sustain the market competition, the players are engaging in various growth strategies that majorly includes mergers and acquisitions. With the outbreak of coronavirus in 2019, the competitive scenario became quite intense, with various players trying to bridge gap created due to standstill operation during first 6 months of pandemic.
Calcium Carbonate Market Top Players Company Profiles
Calcium Carbonate Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
As per our analysis, calcium carbonate market is majorly influenced by the paper, plastic, paints, coatings, adhesives, and sealants industries. Furthermore, nano calcium carbonate has some potential applications. Researchers are interested in nano calcium carbonate, particularly for therapeutic applications. Calcium carbonate-based materials are biodegradable and biocompatible, making them ideal as a smart carriers for delivering genes, enzymes, and drugs. These nanoparticles are being researched for use in therapeutic applications such as antibacterial agents, gene delivery to cancer cells, and cancer drug delivery. These potential applications present a variety of opportunities for the future growth of the calcium carbonate market.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 42 billion |
Market size value in 2031 | USD 74.1 billion |
Growth Rate | 6.6% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Calcium Carbonate Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Calcium Carbonate Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Calcium Carbonate Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Calcium Carbonate Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15E2135
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