The scope of our recent study on the “Calcium Carbonate Market Forecast t2028 – COVID-19 Impact and Global Analysis – by Type [Ground Calcium Carbonate (GCC) and Precipitated Calcium Carbonate (PCC)] and Application (Paper, Plastic, Paints and Coatings, Adhesives and Sealants, Building and Construction, and Others),” includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
The calcium carbonate market was valued at US$ 36,777.24 million in 2020 and is projected treach US$ 52,556.64 million by 2028; it is expected tgrow at a CAGR of 4.7 % from 2021 t2028. Calcium carbonate is a colorless, odorless, and tasteless crystalline compound, obtained naturally from limestone rock or can be manufactured by decomposing limestone tcalcium oxide, followed by the process of subsequent re-carbonization. Further, the compound possesses a pH of above 6 and is extensively deployed in several commercial and industrial application bases. The demand for calcium carbonate is rising across adhesives and sealants, animal an pet feeds, construction, fertilizers, glass and ceramics, paint and surface coating, paper filler and coating pigments, plastics, and rubber & elastomers industries.
Based on type, the calcium carbonate market is bifurcated intground calcium carbonate (GCC) and precipitated calcium carbonate (PCC). In 2019, the ground calcium carbonate (GCC) segment dominated the market owing tthe lower price and better availability. GCC is a sedimentary rock mainly made up of the calcium carbonate mineral calcite (CaCO3). The quality of the GCC is determined by three key characteristics—particle size, color, and chemical purity. The grinding process is energy-intensive due tthe hardness of GCC. Phosphates and acrylates, among other anionic dispersants, are used as grinding aids tmake the resulting slurry more colloidally stable. GCC color ranges from bright white tlight grey, and its chemical purity varies from 80 t90% calcium carbonate twell over 99.9%. Adhesives and sealants, animal and pet food, construction, fertilizers, glass and ceramics, paint and surface coating, paper filler and coating pigments, plastics, and rubber and elastomers are a few of the applications of GCC. Based on application, the calcium carbonate market is segmented intpaper, plastic, paints and coatings, adhesives and sealants, building and construction, and others.
The global calcium carbonate market is segmented intfive main regions—North America, Europe, Asia Pacific (APAC), Middle East &Africa (MEA), and South America (SAM). In 2020, North America contributed tthe largest market share. The region is poised thave a strong foothold in the paper and paints industry. The use of calcium carbonate is expanding in diversified application bases, which is motivating the manufacturers texplore opportunities tenhance production capabilities. For instance, in March 2020, AnglPacific Group PLC entered inta financing agreement with Incoa Performance Minerals LLC tfund the construction of a calcium carbonate mine. Tcomplement the expansion, the companies are aiming texpand their processing facility in Mobile, Alabama tproduce high-quality GCC tmeet the demand from numerous end-use applications, such as rubber, and adhesives and sealants. Further, the price of calcium carbonate is rising due tthe increasing prices of raw material, chemical, energy, and labor, which is another crucial reason promoting the market growth in the region.
Impact of COVID-19 Pandemic on Calcium Carbonate Market
The COVID-19 pandemic is disrupting the calcium carbonate market owing tthe restricted raw material production; supply chain instability; hampered trade movements; and lowered construction, automobile, and paint and coatings demand. Various end-use industries such as paper, automotive, plastics, and building and construction generate significant demand for calcium carbonate. All these industries are facing business uncertainties amid the COVID-19 pandemic, which, in turn, is hindering the growth of calcium carbonate market. The paper industry is one of the worst affected industries due tthe pandemic. Decrease in paper consumption from educational institutes, corporate offices, and newspapers and printing industry has negatively impacted on market growth. However, during the crises, the paper industry is witnessing the rising demand for paper for food packaging, hygiene paper products, corrugated packaging, and medical specialty papers. This growing demand is offering lucrative opportunities for the calcium carbonate market.
Also, the disruption in paints and coatings industry and decline in construction and automotive sectors have negatively impacted the growth of the calcium carbonate market. Many companies are facing challenges in running businesses, manufacturing operations, sales, logistics, and customer support services. However, as the economies are planning trevive their operations, the demand for calcium carbonate is expected trise globally in the coming months. The rising importance of sustainability in building and construction activities would propel the demand for calcium carbonate in coming years. Effective measures taken by the government timprove the infrastructure, building and construction sectors. For instance, Aatmanirbhar Bharat, Saudi Vision 2030, and Asia-Pacific Vision 2050 are expected tgenerate the demand for calcium carbonate in the coming years.
Calcium Carbonate Market, by Type
- Ground Calcium Carbonate (GCC)
- Precipitated Calcium Carbonate (PCC)
Calcium Carbonate Market, by Application
- Paper
- Plastic
- Paints and Coatings
- Adhesives and Sealants
- Building and Construction
- Others
Calcium Carbonate Market, by Geography
- North America
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- Middle East &Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East &Africa
- South America
- Brazil
- Argentina
- Rest of South America
Contact UsContact Person: Sameer JoshiPhone: +1-646-491-9876Email Id: sales@reportsweb.com
