Press release
Calcium Carbonate Market Expects to See Significant Growth at CAGR of 4.24%, Future Dynamics and Innovative Strategies 2030
Calcium Carbonate Market Size was valued at USD 36,296.3 million in 2021. The Calcium Carbonate industry is projected to grow from USD 36,981.9 million in 2022 to USD 51,568.6 million by 2030, exhibiting a compound annual growth rate (CAGR) of 4.24% during the forecast period (2022 - 2030).
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Several factors have contributed to the growth and development of the Calcium Carbonate Market. The compound has an increasing number of applications in places like pool water as a disinfectant and also as a filler material for latex. There has been an increasing awareness among consumers regarding the usage of biopolymer packaging material. The use of calcium carbonate has enabled the manufacturers in order to produce thicker and brighter paper. Also, the convenience of using paper packaging due to its functional covering has driven many people to use the same. It has no side effects and can be readily recycled, and factors like such have driven the growth and development of the Calcium Carbonate Market.
But apart from the driving factors, there have been certain restricting factors in the market domain that have hampered the growth and development of the industry. The lockdown imposed due to the pandemic disrupted the supply chain of the market. The imports and exports of the raw material were affected, and there were heavy fluctuations in the prices of the raw materials. However, a healthy and enhanced growth is expected for the market in its forecast period.
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Market Segmentation
The Calcium Carbonate Market is segmented broadly based on the product type and the end-user industry.
Depending upon the product type, the market is majorly segmented into the precipitated calcium carbonate and ground calcium carbonate. By its end-user industry, the market is again segmented into paints and coatings, plastics and adhesives and paper and construction.
Regional Analysis
With the increasing demand for the usage of eco-friendly products, the Calcium Carbonate Market is broadly spread over. This covers up parts like India and China in the Asia Pacific, the US in North America and Italy, and Russia in Europe.
Industry News
The Calcium Carbonate Market has had several developments in terms of the market players in the recent years. In March 2021, one of the firms Huber Engineered Materials, collaborated with IMCD to acquire the majority of the Netherland-based distributors. This drove the global market.
Related Report Pages
Calcium Carbonate Market Size: https://www.marketresearchfuture.com/reports/calcium-carbonate-market/market-size
Calcium Carbonate Market Trends: https://www.marketresearchfuture.com/reports/calcium-carbonate-market/market-trends
Calcium Carbonate Market Share: https://www.marketresearchfuture.com/reports/calcium-carbonate-market/market-share
Calcium Carbonate Market Analysis: https://www.marketresearchfuture.com/reports/calcium-carbonate-market/market-analysis
US Calcium Carbonate Market: https://www.marketresearchfuture.com/reports/us-calcium-carbonate-market-14547
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