Press release
Precipitated Calcium Carbonate Market Poised for 6.8% Growth, Set to Hit $4.9 Billion by 2029
Precipitated Calcium Carbonate Market Growth
The anticipated progress of the precipitated calcium carbonate market is linked to the expansion of the personal care and cosmetics industry. This industry encompasses an array of products and services aimed at boosting or preserving one's appearance, hygiene, and overall health. The industry's growth can be attributed to increased beauty consciousness, health and wellness trends, efforts towards diversity and inclusivity, and the rise of e-commerce. Precipitated calcium carbonate (PCC) contributes to the stability of emulsions and suspensions in personal care products, guaranteeing even texture and extended longevity. Its non-toxic, hypoallergenic characteristics, coupled with its cost-effectiveness, cater to the demand for natural products while enabling manufacturers to maintain competitive prices. For example, a report released by the International Trade Administration, a US Department of Commerce department that fosters the export of non-agricultural U.S. goods and services, indicated that the Canadian cosmetics market earned about USD 1.24 billion in 2021. It is projected to increase at an annual rate of 1.45%, with revenue expected to reach USD 1.8 billion by 2024. As a result, the precipitated calcium carbonate market's advancement is fuelled by the burgeoning personal care and cosmetics sector.
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What growth opportunities are expected to drive the precipitated calcium carbonate market's CAGR through 2034?
In recent years, the market size for precipitated calcium carbonate has experienced robust growth. The market size is projected to increase from $2.09 billion in 2024 to $2.24 billion in 2025, signifying a compound annual growth rate (CAGR) of 7.1%. Factors contributing to the market growth during the historic period include heightened focus on product quality, a surge in demand for PCC, growing need for high-performance coatings, an uptick in consumer goods manufacturing, and a rise in consumer spending.
The market for precipitated calcium carbonate is projected to witness significant expansion in the coming years. The market size is forecasted to reach $2.91 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.8%. This growth during the projection period may be associated with a number of factors such as increasing inclination towards specialty GCC grades, emphasis on sustainable practices and environmental conformity, fast industrial growth in budding economies, efforts towards effective functional filler, and a distinct focus on health and safety. Major emerging trends for this period consist of advancements in papermaking technologies, the incorporation of digital twin technology, the merging with digital marketing, the alignment with biodegradable materials and advanced surface modification techniques.
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What are the emerging trends shaping the future of the precipitated calcium carbonate market?
Leading enterprises in the precipitated calcium carbonate market are centering their initiatives on manufacturing plant expansion to meet the escalating demand for their commodities. Through the addition of new manufacturing units and investment, these significant companies can boost their calcium carbonate production prowess, satisfy the growing demand, and fortify their stance in the market. For instance, in April 2023, Omya International AG, a minerals and materials company based in Switzerland, declared new monetary commitment in the Asia-Pacific area for strengthening the paper and board sector. The firm is in the process of establishing seven calcium carbonate fabrication plants in China and Indonesia, encompassing both precipitated and ground calcium carbonate facilities. These plants collectively promise a production output of approximately 1 million dry metric tons per annum. These newly constructed infrastructures are projected to begin their operation between 2023 to 2024.
Which growth-oriented segments of the precipitated calcium carbonate market are leading the industry's development?
The precipitated calcium carbonatemarket covered in this report is segmented -
1) By Grade: Food, Pharmaceutical, Reagent, Cosmetic
2) By Distribution Channel: Direct Sales, Distributors, Online Retail, Specialty Stores
3) By Application: Polyvinyl Chloride Pipe (PVC), Rubber, Sealant And Adhesives, Paper Industry, Paint And Coating Industry, Printing Ink, Pharmaceutical Industry, Food Industry, Cosmetics Industry, Other Applications
Subsegments:
1) By Food: Food Additives, Nutraceuticals, Fortification Agents
2) By Pharmaceutical: Tableting Agent, Calcium Supplement, Filler And Binder In Formulations
3) By Reagent: Laboratory Grade, Industrial Grade, Research and Development Applications
4) By Cosmetic: Coloring Agent, Texturizer, Filler In Creams And Lotions
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Which region dominates the precipitated calcium carbonate market?
Asia-Pacific was the largest region in the precipitated calcium carbonate market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the precipitated calcium carbonate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the precipitated calcium carbonate market?
Major companies operating in the precipitated calcium carbonate market are Solvay S.A., Nippon Paper Industries Co. Ltd., Omya AG, Sibelco Group, Carmeuse Holdings Inc., Graymont Limited, Maruo Calcium Co Ltd., SCHAEFER KALK GmbH & Co. KG, Cales de Llierca S.A., Astra Mining Private Limited, Calcinor S.A., Nanoshel LLC, Lime Chemicals Limited, EZ Chemicals Inc., Shree Karni Chemicals Pvt Ltd., Chemical & Mineral Industries Private Limited, Deepali Minerals, Kunal Calcium Limited, HTMC Group, Mahaveer Ceramic Industries, Braj Chemical & Minerals
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What Is Covered In The Precipitated Calcium Carbonate Global Market Report?
•Market Size Forecast: Examine the precipitated calcium carbonate market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the precipitated calcium carbonate market for a structured understanding.
•Key Players Overview: Analyze major players in the precipitated calcium carbonate market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the precipitated calcium carbonate market.
•Segment Contributions: Evaluate how different segments drive overall growth in the precipitated calcium carbonate market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the precipitated calcium carbonate market.
•Industry Challenges: Identify potential risks and obstacles affecting the precipitated calcium carbonate market.
•Competitive Landscape: Review strategic developments in the precipitated calcium carbonate market, including expansions, agreements, and new product launches.
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