Calcium Carbonate Market is projected to reach US$ 52,556.64 million by 2028: Abetong AB, Boral, CEMEX S.A.B. de C.V., Consolis, ELO Beton, Forterra

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The key players profiled in this study includes: Abetong AB ,Boral,CEMEX S.A.B. de C.V.,Consolis,ELO Beton,Forterra,GULF PRECAST,LafargeHolcim,Tindall Corporation,Spancrete.

The calcium carbonate market was valued at US$ 36,777.24 million in 2020 and is projected to reach US$ 52,556.64 million by 2028; it is expected to grow at a CAGR of 4.7 % from 2021 to 2028. Calcium carbonate is a colorless, odorless, and tasteless crystalline compound, obtained naturally from limestone rock or can be manufactured by decomposing limestone to calcium oxide, followed by the process of subsequent re-carbonization. Further, the compound possesses a pH of above 6 and is extensively deployed in several commercial and industrial application bases. The demand for calcium carbonate is rising across adhesives and sealants, animal an pet feeds, construction, fertilizers, glass and ceramics, paint and surface coating, paper filler and coating pigments, plastics, and rubber & elastomers industries.

Based on type, the calcium carbonate market is bifurcated into ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC). In 2019, the ground calcium carbonate (GCC) segment dominated the market owing to the lower price and better availability. GCC is a sedimentary rock mainly made up of the calcium carbonate mineral calcite (CaCO3). The quality of the GCC is determined by three key characteristics—particle size, color, and chemical purity. The grinding process is energy-intensive due to the hardness of GCC. Phosphates and acrylates, among other anionic dispersants, are used as grinding aids to make the resulting slurry more colloidally stable.

GCC color ranges from bright white to light grey, and its chemical purity varies from 80 to 90% calcium carbonate to well over 99.9%. Adhesives and sealants, animal and pet food, construction, fertilizers, glass and ceramics, paint and surface coating, paper filler and coating pigments, plastics, and rubber and elastomers are a few of the applications of GCC. Based on application, the calcium carbonate market is segmented into paper, plastic, paints and coatings, adhesives and sealants, building and construction, and others.

The global calcium carbonate market is segmented into five main regions—North America, Europe, Asia Pacific (APAC), Middle East &Africa (MEA), and South America (SAM). In 2020, North America contributed to the largest market share. The region is poised to have a strong foothold in the paper and paints industry. The use of calcium carbonate is expanding in diversified application bases, which is motivating the manufacturers to explore opportunities to enhance production capabilities.

For instance, in March 2020, Anglo Pacific Group PLC entered into a financing agreement with Incoa Performance Minerals LLC to fund the construction of a calcium carbonate mine. To complement the expansion, the companies are aiming to expand their processing facility in Mobile, Alabama to produce high-quality GCC to meet the demand from numerous end-use applications, such as rubber, and adhesives and sealants. Further, the price of calcium carbonate is rising due to the increasing prices of raw material, chemical, energy, and labor, which is another crucial reason promoting the market growth in the region.

Impact of COVID-19 Pandemic on Calcium Carbonate Market

The COVID-19 pandemic is disrupting the calcium carbonate market owing to the restricted raw material production; supply chain instability; hampered trade movements; and lowered construction, automobile, and paint and coatings demand. Various end-use industries such as paper, automotive, plastics, and building and construction generate significant demand for calcium carbonate. All these industries are facing business uncertainties amid the COVID-19 pandemic, which, in turn, is hindering the growth of calcium carbonate market. The paper industry is one of the worst affected industries due to the pandemic. Decrease in paper consumption from educational institutes, corporate offices, and newspapers and printing industry has negatively impacted on market growth. However, during the crises, the paper industry is witnessing the rising demand for paper for food packaging, hygiene paper products, corrugated packaging, and medical specialty papers. This growing demand is offering lucrative opportunities for the calcium carbonate market.

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Also, the disruption in paints and coatings industry and decline in construction and automotive sectors have negatively impacted the growth of the calcium carbonate market. Many companies are facing challenges in running businesses, manufacturing operations, sales, logistics, and customer support services. However, as the economies are planning to revive their operations, the demand for calcium carbonate is expected to rise globally in the coming months. The rising importance of sustainability in building and construction activities would propel the demand for calcium carbonate in coming years. Effective measures taken by the government to improve the infrastructure, building and construction sectors. For instance, Aatmanirbhar Bharat, Saudi Vision 2030, and Asia-Pacific Vision 2050 are expected to generate the demand for calcium carbonate in the coming years.

The Table of Content for Calcium Carbonate Market research study includes:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Calcium Carbonate Market Landscape
5. Calcium Carbonate Market - Key Market Dynamics
6. Calcium Carbonate Market - Global Market Analysis
7. Calcium Carbonate Market - Revenue And Forecasts to 2028 – Type
8. Calcium Carbonate Market - Revenue And Forecasts to 2028 – Type of Product
9. Calcium Carbonate Market - Revenue And Forecasts to 2028 – Service
10. Calcium Carbonate Market Revenue And Forecasts to 2028 – Geographical Analysis
11. Impact of Covid-19 Pandemic on Global Calcium Carbonate Market
12. Industry Landscape
13. Calcium Carbonate Market, Key Company Profiles
14. Appendix
15. List of Tables
16. List of Figures

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