Market coverage

According to Market Research Future (MRFR), the  calcium carbonate market is expected to grow at a CAGR of 4.20% from 2023 to 2028, reaching $63.87 billion in 2028.

Market drivers and limitations

Increasing demand for calcium carbonate in the paper and plastics industries is benefiting the global market. Calcium carbonate is used as a pigment and filler in paints for its whitening and printing properties. The main reason for the widespread use of calcium carbonate in the paper industry is the growing demand for larger and brighter paper.

The calcium carbonate market has many beneficial properties such as stable pH, low abrasiveness, low electrolyte content, improved corrosion resistance, rheology and weatherability. It can also be used as a filler in high-gloss powder coating paints. In addition, it contributes to cost reduction by mixing calcium carbonate, and it is an eco-friendly product that requires a reduction in heavy metal content in toys and strollers. It further improves the performance of various powder coatings by increasing the dust extraction rate and the spray area of ​​the coating.

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Opportunity

Today, calcium carbonate is primarily used in the plastics, paper, adhesives and sealants, and paints and coatings industries. However, large corporations continue to explore potential use cases for nanocalcium carbonate.

Nanoscale calcium carbonate has intrigued researchers, especially for therapeutic applications. Calcium carbonate ingredients and materials are biocompatible and biodegradable, making them ideal for use as smart carriers for enzymes, drugs, and genes. Research into the use of these nanoparticles for a variety of therapeutic applications is ongoing worldwide. Antibacterial drugs targeting cancer cells, for example, for gene delivery or anti-cancer drug delivery. These new applications will bring business opportunities to the calcium carbonate market in the future.

Analysis by sector

Product types considered in the calcium carbonate industry study include ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC). Among them, ground calcium carbonate is the dominant product type in the market, accounting for more than 70% in 2020. Ground calcium carbonate is commonly used as an industrial mineral in paper, plastic fillers, paints and coatings. GCC is also used in cement and helps to increase the pH of water and soil. It is also used to neutralize combustion gases. Therefore, the numerous benefits associated with GCC are driving the growth of this product type segment. On the other hand, precipitated calcium carbonate will peak at over 4.20% between 2021 and 2028.

Major end-use industries in the global market include construction, paints & coatings, paper, adhesives & sealants, plastics, and others.  The paper segment holds the largest share of the global market. In the paper industry, calcium carbonate is used as an inexpensive substitute for wood fiber filler.

Region overview

Asia Pacific accounted for more than 40% of the global market in 2019 and is expected to experience the fastest growth rate during the Apprise period. China, Indonesia, India, New Zealand, Australia, etc. are exerting a ripple effect in the global market and strengthening the position of the Asia-Pacific region in the global market. A mature paper industry will benefit the Asia-Pacific market, along with large-scale paint and coatings manufacturing and construction in Japan and China. In addition, demand for calcium carbonate is expected to surge in the future due to the strengthening of internal combustion engine support policies in Japan, India, and China and the expansion of electric vehicles.

Major players.

Zhejiang Jiande Longhua Plastics Co., Ltd. (China), Fujian Sanmu Nano-Calcium Carbonate Co., Ltd. (China), Mineral Technologies Inc. (USA), MARUA CALCIUM CO., LTD. (Japan), Omya AG (Switzerland), Huber Engineered Materials (US), Imerys Pigments, Inc. (US), GLC Minerals, LLC (US), Calchem ​​(India), Graymont Limited (US), United Mining Investments Co. (Saudi Arabia), Yuncheng Chemical Industry Co., Ltd. (Taiwan)) are leading developers of the global calcium carbonate industry.

Market Research Future (MRFR) is a global market research company that prides itself on providing comprehensive and accurate analyzes of various markets and consumers around the world. MRFR’s approach combines proprietary information with a variety of data sources to give clients a broad view of the latest major developments, anticipated events and actions based on them.

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