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DESCRIPTION
Calcium Carbonate Market Global Size:
Calcium carbonate operates as the major chemical compound in the worldwide economies holding applications in key domains like stuffing in paper, rubber, plastics, adhesives, paints, and glues. The biggest consumer of calcium carbonate is the paper sector which builds fillers with increased transparency and uniformity. It drives paper prices to affordable degrees. Also, calcium carbonate emerged as a primary compound and supplement for animal and human nutrition since its antacid qualities reduce heartburn and indigestion. Besides that calcium carbonate offers accurate sound soundproofing and plaster qualities in construction. Hence, these widespread adoptions caused a global size of USD 44.7 billion in 2023 for the calcium carbonate market as per this procurement intelligence study. Also, the report predicted a future valuation of USD 74.1 billion by 2031 at a bright CAGR of 6.6%.
Consequently, ELINT Market Research anticipates that the worldwide marketplace for calcium carbonate will develop steadily over the next several years. The greatest consumer segment of this chemical is still predicted to be the paper sector, and demand continues to be driven by growing paper manufacturing. Moreover, the industry is encouraged by rebounding construction jobs as well since calcium carbonate is widely used in coatings, paints, mortar, and cement. Additionally, prominent APAC regions such as China, India, and ASEAN are the primary countries in the sector that comprises major applications of calcium carbonate in construction, plastics, glues, and rubber products. These mature economies hold the biggest stakes for calcium carbonate production and consumption moves. Besides that, the growth rates of Western Europe and North America are a little slower. Further, when it comes to development restraining aspects the overconsumption of calcium carbonate, mainly in the form of drugs or medicine is a major factor that could likely hamper the international demand for calcium carbonate.
Market Definition:
Calcium carbonate known as the chemical formula CaCO3 is generally derived from rocks and is the primary component of snails, coinage, eggshells, and the outer coatings of marine animals. Calcite, aragonite, and vaterite are three key crystalline forms of this chemical. The most common structure found in the environment is polymorph calcite, which is also extremely durable at standard strain and temperature.
Calcium Carbonate Market Drivers:
- Growth of Key Industries –
Key sectors like paper, plastics, automotive, and construction are constantly rising which contributed to the development of the global calcium carbonate market. The filler in the making of paper, a strengthening agent in plastics, and a component of coats and paints for use in the building and automotive industries are the significant roles of calcium carbonate. Therefore, changes or improvements in these industries have a big effect on the calcium carbonate industry.
- Developments in Paper Industry –
The paper industry initiated shifting from acid-based to alkaline-based process methods which created requirements for precipitated calcium carbonate (PCC) acquired from organic minerals. Therefore, the paper industry’s focus on adopting environment-friendly and alkaline-based practices increases proliferation in the global calcium carbonate market.
Calcium Carbonate Market Challenges:
- Existence of Alternatives –
Alternatives of calcium carbonate like kaolin and precipitated calcium carbonate pose challenges for the global calcium carbonate procurement intelligence market’s expansion. Also, governmental standards concerning environmental protection pose difficulties for companies in executing mining activities since they are required to invest in more eco-friendly manufacturing operations.
- Shifts in Raw Material Prices –
Key raw materials of calcium carbonate include limestone, marble, and chalk. Thus, any kind of fluctuations in these materials costs can hamper the global calcium carbonate market expansion and profitability. Hence, manufacturing companies are required to constantly keep track of these raw material costs in the market and adjust their production capacities depending on shifting dynamics.
Calcium Carbonate Market Opportunities:
- Technological Refinements –
The main domains that the leading calcium carbonate-producing companies are currently concentrating on are innovations and advancements to increase product performance, lower production costs, and enhance physical qualities.
- Introduction of GCC –
The manufacturing of ground calcium carbonate (GCC) in the form of an additive is driving excellent opportunities in the calcium carbonate market. GCC helps enhance the surface finish and visual appearance of plastic products. Hence, using GCC as an addition to the manufacturing of plastic presents a profitable potential in the worldwide calcium carbonate market, which is fueled by the desire for improved product quality and efficiency.
Calcium Carbonate Market Segmentation:
- Types of Calcium Carbonate –
Ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC) are two prominent types of calcium carbonate that operate in diverse sectors. This segmentation helps producers make products depending on consumer needs.
- End Use Applications –
Primary end-use applications of calcium carbonate comprise paper, finishes, paints, plastic, adhesives, glues, faring, chemicals, construction, and more.
Regional Analysis of the Calcium Carbonate Market:
Global calcium carbonate procurement market research says that North America evolved as the second biggest economy for manufacturing calcium carbonate and possess more than 25.4% of the market stakes in 2023. Also, the U.S. emerged as experiencing elevated levels of product demands from key industries like paints, finishes, glues, adhesives, and paper,
Further, European country increasingly developing the medical sector to meet dietary supplement needs which automatically drives calcium carbonate goods needs in this region. Moreover, APAC occurred as the leading region holding nearly 36.5% share in the worldwide calcium carbonate market. Particularly, China stood as the largest producer and consumer of calcium carbonate in 2023 due to its massive infrastructural development.
Key Suppliers in the Calcium Carbonate Market:
Key suppliers of the calcium carbonate industry include Schaefer Kalk GMBH & Co. KG,
Shree Sai Calnates India Pvt. Ltd., SMA Mineral, Solvay S.A., Suday Minerals & Chemicals Private Limited, Swiss Formulations, Ultra Fine Fillers Pvt. Ltd., Vinafame Company Limited, Zantat Sdn Bhd, Shiraishi Kogyo Kaisha, Ltd., Sudarshan Minerals & Industries, Atlantic Minerals Limited, Balaji Minerals And Chemicals, Calcium Carbonate Manufacturers Sdn. Bhd., Excalibar Minerals LLC, Gulshan Polyols Ltd., Huber Engineered Materials, Minerals Technologies Inc., Aranthaangi Chemical Products Limited, Calchem Industries Ltd., Caltron Clays & Chemicals Private Limited, Chemical & Mineral Industries Pvt. Ltd., Chu Shin Chemical Corporation Limited, Fujian Sanmu Nano Calcium Carbonate Co. Ltd., Gangotri Inorganic Pvt. Ltd., Imerys, Jai Vardhman Khaniz, Kunal Calcium Limited, Marvelore Mining & Allied Industries Private Limited, Omya AG, Parchem fine & specialty chemicals, Saurashtra Solid Industries Pvt. Ltd., J.K.P. Microminerals India Pvt. Ltd., K. K Mineral, Lime Chemicals Ltd., Maruo Calcium Co. Ltd., Mississippi Lime Company, Nordkalk Finland, Okutama Kogyo Co. Ltd., Oracle Chemicals Pvt. Ltd.
