Press release
Calcium Carbonate Market Industry Improvement Status and Outlook by 2031
The global calcium carbonate market was valued at US$ 19.9 Bn in 2021
It is estimated to grow at a CAGR of 5.7% from 2022 to 2031
The global calcium carbonate market is expected to reach the value of US$ 29.3 Bn by the end of 2031
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Analysts' Viewpoint on Calcium Carbonate Market Scenario
Calcium carbonate is widely used as filler material in the alkaline papermaking process. It is also extensively used in the form of calcium carbonates tablets and calcium carbonate antacids. Various companies are carrying out extensive research in the production of calcium carbonate nanoparticles, as these are used in an array of industrial applications owing to their non-toxicity, biocompatibility, high porosity, and high surface-area-to-volume ratio. Companies in the global calcium carbonate market are entering into partnerships with other entities in order to expand their presence around the globe.
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Overview of Global Calcium Carbonate Market
Calcium carbonate (CaCO3) is a solid chemical compound that is white, non-toxic, and odorless. It is present in the earth's crust. It can be found in chalk, limestone, marble, and marine creature shells. Mollusks and corals, for instance, use dissolved calcium and carbon dioxide in water to make calcium carbonate. Increase in usage of calcium carbonate is associated with the growth of the paper industry and rise in consumption of nutrition supplements. Calcium carbonate is available in two forms in the market: precipitated calcium carbonate (PCC) and powdered calcium carbonate (GCC). PCC is created by reacting carbon dioxide with a calcium hydroxide solution, while GCC is created by crushing and processing limestone into calcium carbonate powder. Increase in application of calcium carbonate is expected to propel the calcium carbonate market during the forecast period.
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Regional Outlook of Global Calcium Carbonate Market
Asia Pacific accounted for approximately 45% share of the global market in 2021. Addition of calcium carbonate in films, sheets, and injection molded items improves product stiffness, impact resistance, elongation, and heat transfer. These features, in turn, contribute to an overall reduction in formulation cost. Asia Pacific is a key region of the global calcium carbonate market owing to the presence of a large number of paper factories in the region. Pulp, a major raw material in the production of paper, is obtained from forests abundantly present in Asia Pacific. Furthermore, paints and plastic are rapidly expanding application segments of the market in Asia Pacific.
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Analysis of Key Players in Global Calcium Carbonate Market
The global calcium carbonate market is highly competitive, owing to the presence of several small- and medium-scale manufacturers. Imerys, Minerals Technologies Inc., Omya AG, Huber Engineered Materials, Mississippi Lime Company, Shiraishi Kogyo Kaisha, Ltd., Okutama Kogyo Co., Ltd., and Newpark Resources, Inc. are some of the prominent players operating in the market.
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