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Calcium Carbonate Market Size to Surpass Around USD 72.5 BN by 2030

·8 min read
Precedence Research
Precedence Research

Precedence Research predicts, the global calcium carbonate market size is projected to surpass around USD 72.5 billion by 2030 and expanding growth at a CAGR of 4.88% from 2022 to 2030.

Ottawa, Sept. 13, 2022 (GLOBE NEWSWIRE) -- The calcium carbonate market size was estimated at USD 47.2 billion in 2021. Calcium carbonate is a chemical compound. It is surveyed that around 4% of the worlds covering is involved calcium carbonate. It is found ordinarily as minerals and rocks, some of which integrate calcite, limestone, chalk, marble, and aragonite. Calcium carbonate is used either in its typically happening state or in the pure design. Pure calcium carbonate is removed from normal sources by various procedures like mining and quarrying. At this point, calcium carbonate used is comprehensively used for different capacities, including as a mineral filler, lighting up subject matter expert, and an alkalizing trained professional.

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What is the regional impact in the calcium carbonate market?

  • APAC to overpower the calcium carbonate market during the gauge time period. The improvement in the APAC region can be credited to the creating interest for calcium carbonate from various end- use adventures like paper, plastic, pastes and sealants, and paints and coatings. Economies are effective money management extra measures of energy for the fitting working of undertakings in different regions by staying aware of essential shows expected during the pandemic.

  • As the undertakings proceed, certain endeavors have uncovered positive news; for instance, vehicle bargains in India went up in the past two months. Additionally, the interest for paints and coatings and vehicles is supposed to augment, which, subsequently, will expand the interest for calcium carbonate.

Report Highlights

  • By type, the ground calcium carbonate segment has contributed 70.5% market share in 2021.

  • Asia Pacific region has accounted 39.7% market share in 2021.

  • By end user, the plastics segment is expected to witness growth at a CAGR of 6.6% from 2022 to 2030.

  • Plastic to be the speediest creating end-use industry of calcium carbonate during the check time span. This is a direct result of the rising interest for calcium carbonate-upheld polypropylene from the auto business and the limit of calcium carbonate to update the properties of plastics and help in better power dispersing.

  • Ground calcium carbonate is typically used as a cutting-edge mineral. It is used in paints and coatings, paper and plastic fillers. GCC also finds application in concrete and can be changed over into calcium oxide (quick lime) and calcium hydroxide (slaked lime).

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Scope of the Report

Report Attributes

Details

Market Size in 2021

USD 47.2 Billion

Revenue Forecast by 2030

USD 72.5 Billion

CAGR

4.88% from 2022 to 2030

By Product

  • Ground Calcium Carbonate (GCC)

  • Precipitated Calcium Carbonate (PCC)

By End User

  • Paper

  • Plastics

  • Paints & Coatings

  • Adhesives & Sealants

  • Others (rubber, environment, pharmaceutical, cosmetic, food, oil & gas, and others)

By Region

  • North America

  • Europe

  • Asia-Pacific

  • Latin America

  • Middle East & Africa (MEA)

Base Year

2021

Forecast Year

2022 to 2030

Key Players

AGSCO Corp., Carmeuse, Blue Mountain Minerals, Carmeuse Lime & Stone Company, GCCP Resources, GLC Minerals, LLC, Greer Limestone Company, Gulshan Polyols Ltd., ILC Resources, Imerys, J.M. Huber Corp., LafargeHolcim, and others.

Market Dynamics

Drivers

Calcium carbonate is an essential normal substance for paper and plastics. The interest for paper is extending in APAC as modernized change is to some degree slow. The monetary improvement found in the arising countries of APAC has provoked an extension in the usage of paper packaging. China, India, and South Asian countries are the greatest buyers of paper in the district. Moreover, the advancement of the electronic business industry in India and China has provoked a development in the interest for wrinkled packaging courses of action. Paper packaging is moreover used in organizations like food, clinical benefits, preparing and composing material, and individual thought. This large number of factors are growing the interest for paper in the region.

The plastic business in APAC is similarly creating at a fast rate. The region is seeing a ubiquity for plastics for various applications in packaging, auto, improvement, electrical and equipment, and various undertakings. The rising usage of plastics in these endeavors for various reasons, such as reducing costs in packaging and improvement organizations, decreasing load in car parts, and as an encasing in electronic things, is driving the interest for calcium carbonate in APAC.

As of now, calcium carbonate is essentially used in the paper, plastic, paints and coatings and concretes and sealants organizations. Likewise, there are a couple of potential uses of nano calcium carbonate. Nano calcium carbonate has attracted interest among investigators, especially for supportive applications. Calcium carbonate-based materials have biodegradable and biocompatible properties, which are ideal as a wise carrier to convey characteristics, impetuses, and drugs. Studies are being coordinated to do these nanoparticles in accommodating applications, including as an antibacterial subject matter expert, for quality transport to target dangerous development cells, and for illness drug movement. These potential applications present different entryways for the improvement of the calcium carbonate market from this point forward.

Restraints

Increasing expense because of high transportation charges

One of the critical elements influencing the calcium carbonate processor is the guaranteed accessibility of the natural substance whenever in the necessary amount. To guarantee the ideal amounts are accessible, the creation office must be implicit the necessary greatness, including a hold limit, which can be sent for creation in case of specialized hardships. To guarantee supply dependability, a strategies framework must be set up, which grants fast exchanging of supply from one creation site to the next.

Simultaneously, the vehicle costs should be kept inside monetarily adequate limits. The strategic expenses for calcium carbonate are at a normal of 25% of the selling cost, yet they can differ extensively. Lately, different organizations have expanded how much their calcium carbonate items, as an expansion in the transportation cost of the natural substances is one of the elements adding to the evaluating. For example, the inflated expense of moving PCC from the assembling area to the paper plant builds the general transportation cost.

Consequently, one of the main organizations, mineral technologies, is setting up satellite plants close to paper factory fabricating offices to diminish cost. Certain organizations likewise transport calcium carbonate in slurry structure to lessen cost, albeit this could influence the nature of the item. Consequently, the rising expense of moving calcium carbonate starting with one site then onto the next goes about as a limitation for the market.

Opportunities

Potential applications

At present, calcium carbonate is significantly utilized in the paper, plastic, paints and coatings and cements and sealants businesses. Also, there are a few possible utilizations of nano calcium carbonate. Nano calcium carbonate has drawn in interest among analysts, particularly for restorative applications. Calcium carbonate-based materials have biodegradable and biocompatible properties, which are ideal as a savvy transporter to convey qualities, catalysts, and medications. Studies are being directed to carry out these nanoparticles in helpful applications, including as an antibacterial specialist, for quality conveyance to target malignant growth cells, and for disease drug conveyance. These potential applications present different open doors for the development of the calcium carbonate market from here on out.

Challenges

Declining paper industry due to growing digitization

The paper business has been genuinely affected by growing digitalization and electronic circulating. The overall paper industry has lessened all through late years due to the shift to paperless correspondence and high-level media across most made economies. The interest for newsprint paper has furthermore truly declined actually in light of oversupply issues. The rising use of cutting-edge media is sensibly overriding paper, in this way hampering the market for office paper and newsprint paper, which is shrinking by around 5% every year.

Related Reports

Recent Developments

  • In November 2018, Omya AG presented a new functionalized calcium carbonate for use in biopolymers under the brand name, Omya Smartfill 55-OM. The new calcium carbonate is especially utilized as filler material for polylactic corrosive (PLA) as this shows practically no hydrolysis when handled at filler heaps of up to 40%.

  • In June 2018, Omya AG sent off another age of recrystallized mineral particles for use in beautifying corrective applications under the brand name, Omyaskin. This item is utilized in shades of corrective items as it assists with working on the adequacy of final results.

  • In July 2015, Imerys Carbonates, a business portion of Imerys, presented another Life Elements product offering, which is intended to influence the viability and life span of food and drug items decidedly. Through this product offering, the organization is offering I-Blum Calcium Carbonate and Calcius Calcium Carbonate for useful food varieties and refreshments and as a functioning fixing in mineral enhancement tablets, separately.

  • In April 2015, Imerys Carbonates, a business fragment of Imerys, sent off a product offering of micronized ground calcium carbonate for South America under the brand name, SUPERMICRO. This item is utilized for market sections like plastics (PVC, EVA), glues and sealants, elastic, and thermoplastics.

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