Press release
Calcium Carbonate Market Expected to Rise at 4.9% CAGR during 2023-2028
Calcium Carbonate Market
Report Highlights
How big is the calcium carbonate market?
The global calcium carbonate market is expected to exhibit a growth rate (CAGR) of 4.9% during 2023-2028.
What is a calcium carbonate?
Calcium carbonate is a chemical compound composed of calcium, carbon, and oxygen. It is a common substance found in rocks, shells of marine organisms, and minerals, such as limestone, chalk, and marble. It has a white, powdery appearance and is extensively used as a antacid, or building material in the construction industry. It has numerous uses in various industries due to its high thermal stability, low toxicity, and high durability. It is an important component of many natural and synthetic materials in the production of cement, ceramics, plastics, and paper. It is also used as an antacid to treat heartburn, indigestion, and acid reflux and to prevent or treat calcium deficiency. Additionally, it is utilized as a filler and pigment in paints, coatings, and adhesives as it improves the hiding power, gloss, and durability of these products.
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What are the growth prospects and trends in the calcium carbonate industry?
The growing demand for calcium carbonate across the construction industry is driving the global market. This can be attributed to the rising investments in infrastructural development projects across several countries. In line with this, the widespread adoption of calcium carbonate in the agriculture sector as it is used as a soil conditioner to improve soil quality and increase crop yields is providing a boost to the product demand. Moreover, the development of new and innovative technologies to produce high-quality calcium carbonate products more efficiently and cost-effectively is creating a positive outlook.
Additionally, several product innovations, such as the development of nano-calcium carbonates with biodegradable and biocompatible properties, are acting as other growth-inducing factors. Apart from this, the widespread product adoption for the manufacturing of polyvinyl chloride (PVC) packaging and lightweight automobile components are impacting the market favorably. Furthermore, the increasing utilization of calcium carbonate in personal care products, such as toothpaste and skincare products, as a polishing agent and to adjust the pH levels is catalyzing the demand. Other factors, such as extensive research and development (R&D) activities by leading players and growing demand for adhesives and sealants, are also influencing the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
Ground Calcium Carbonate (GCC)
Precipitated Calcium Carbonate (PCC)
Breakup by Application:
Paper
Paints and Coatings
Plastics
Adhesives and Sealants
Others
Breakup by Region:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Blue Mountain Minerals
Carmeuse (Carmeuse Lime Inc.)
GCCP Resources
GLC Minerals LLC (Hurlbut Holdings Inc.)
Greer Limestone Company
Gulshan Polyols Ltd.
Imerys (Belgian Securities B.V.)
J.M. Huber Corporation
LafargeHolcim
Minerals Technologies Inc.
Mississippi Lime Company
Omya AG
Parchem Fine & Specialty Chemicals
United States Lime & Minerals Inc. (Inberdon Enterprises Ltd.)
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