Calcium Carbonate Market Is Expected To Expand At A CAGR Of 5.4% From 2022 To 2030

 Calcium Carbonate Industry Overview

The global calcium carbonate market size is expected to reach USD 68.4 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.4% from 2022 to 2030. Calcium carbonate is a compound that is commonly found in rocks, such as limestone and dolomite. The product is extracted by quarrying or mining and is further processed to form Precipitated Calcium Carbonate (PCC) or Ground Calcium Carbonate (GCC).

 

The product is extensively used in various applications including paper, paints and coatings, food, health-related products, and building and construction materials. The COVID-19 pandemic impacted both the production and consumption of calcium carbonate. However, the demand is high in the healthcare market and related industries, mainly in the paper industry due to rising concerns regarding personal hygiene, which is boosting the demand for tissue papers.

 

Calcium Carbonate Market Segmentation

Grand View Research has segmented the global calcium carbonate market on the basis of application and region:

Based on the Application Insights, the market is segmented into Paper, Paints & Coatings, Plastics, Adhesives & Sealants, and Others.

  • The paper segment emerged as the largest application segment in 2021 and accounted for a revenue share of over 40.0%. Calcium carbonate is added as a filler to the paper pulp or is applied as a coating pigment. Its addition enhances the brightness and opacity of the paper. Although the internet did impact the print media market, it did not restrict the demand for paper in other applications, such as packaging and tissue paper.
  • The current pandemic has compelled manufacturers to ramp up their production to cater to the rising consumer needs. For instance, in August 2020, Celulosa Argentina announced an increase in its production of paper packaging by 30%. The company’s focus was on the food industry as the demand surged in this sector. With the growth of the e-commerce sector and the growing usage of tissue papers, the paper application segment is anticipated to maintain its lead over the forecast period.
  • The paints and coatings segment emerged as the second-largest application segment in 2021. The product is used in several applications in the paints and coatings sector. It acts as an agent for reducing or enhancing gloss, as an extender, a rheology modifier, and as an additive for increasing density. Despite many uses, the product demand was impacted in this application segment in 2021 owing to a halt in the manufacturing operations, which disrupted the entire production and supply chain of the paints and coatings industry.

 

Calcium Carbonate Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

The market is highly competitive as various players are integrated across the value chain with their presence in mining operations, processing facilities, and the application sector. Mergers & acquisitions are among the key strategic initiatives adopted by most of the players to sustain their leadership and market share. For example, in February 2022, The Sherwin-Williams Company entered a deal with the city of Statesville, the state of North Carolina, and Iredell County to considerably increase its architectural coatings and paint manufacturing capacity and open a more extensive distribution facility in Statesville, North Carolina.

In addition, in November 2019, Imerys acquired three manufacturing facilities from EDK (a leading Brazilian producer of GCC). The acquisition was aimed at expanding the former’s footprint in South America and boosting its product portfolio for paints and coatings applications. The competitive scenario turned out to be quite intense post-2019 with the outbreak of coronavirus, with various players reporting losses in their sales. Some prominent players in the global calcium carbonate market include:

  • AGSCO Corp.
  • Carmeuse
  • Blue Mountain Minerals
  • Carmeuse Lime & Stone Company
  • GCCP Resources
  • GLC Minerals, LLC
  • Greer Limestone Company
  • Gulshan Polyols Ltd.
  • ILC Resources
  • Imerys
  • M. Huber Corp.
  • LafargeHolcim
  • Midwest Calcium Carbonates
  • Mineral Technologies
  • Mississippi Lime
  • Mountain Materials, Inc.
  • NALC, LLC
  • Omya
  • Parchem Fine & Specialty Chemicals
  • The National Lime & Stone Company
  • United States Lime & Minerals, Inc.

 

Order a free sample PDF of the Calcium Carbonate Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

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Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

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