Calcium Carbonate Market expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2022 to 2030

 Calcium Carbonate Industry Overview

The global calcium carbonate market size is expected to reach USD 68.4 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.4% from 2022 to 2030. Calcium carbonate is a compound that is commonly found in rocks, such as limestone and dolomite. The product is extracted by quarrying or mining and is further processed to form Precipitated Calcium Carbonate (PCC) or Ground Calcium Carbonate (GCC).

 

Calcium Carbonate Market Segmentation

Grand View Research has segmented the global calcium carbonate market on the basis of application and region:

 

Based on the Application Insights, the market is segmented into Paper, Paints & Coatings, Plastics, Adhesives & Sealants, Others

  • The paints and coatings segment emerged as the second-largest application segment in 2021. The product is used in several applications in the paints and coatings sector. It acts as an agent for reducing or enhancing gloss, as an extender, a rheology modifier, and as an additive for increasing density. Despite many uses, the product demand was impacted in this application segment in 2021 owing to a halt in the manufacturing operations, which disrupted the entire production and supply chain of the paints and coatings industry.
  • The paper segment emerged as the largest application segment in 2021 and accounted for a revenue share of over 40.0%. Calcium carbonate is added as a filler to the paper pulp or is applied as a coating pigment. Its addition enhances the brightness and opacity of the paper. 
  • The current pandemic has compelled manufacturers to ramp up their production to cater to the rising consumer needs. For instance, in August 2020, Celulosa Argentina announced an increase in its production of paper packaging by 30%. The company’s focus was on the food industry as the demand surged in this sector. With the growth of the e-commerce sector and the growing usage of tissue papers, the paper application segment is anticipated to maintain its lead over the forecast period.

 

Calcium Carbonate Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

 

Key Companies Profile & Market Share Insights

The market is highly competitive as various players are integrated across the value chain with their presence in mining operations, processing facilities, and the application sector. Mergers & acquisitions are among the key strategic initiatives adopted by most of the players to sustain their leadership and market share.

Some prominent players in the global calcium carbonate market include:

  • AGSCO Corp.
  • Carmeuse
  • Blue Mountain Minerals
  • Carmeuse Lime & Stone Company
  • GCCP Resources
  • GLC Minerals, LLC
  • Greer Limestone Company
  • Gulshan Polyols Ltd.
  • ILC Resources
  • Imerys
  • M. Huber Corp.
  • LafargeHolcim
  • Midwest Calcium Carbonates
  • Mineral Technologies
  • Mississippi Lime
  • Mountain Materials, Inc.
  • NALC, LLC

 

Order a free sample PDF of the Calcium Carbonate Market Intelligence Study, published by Grand View Research. 

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