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.
The global market is highly competitive owing to the presence of numerous established players in the industry that are integrated across the value chain. In January 2021, Audax Private Equity announced the completion of the sale of Gabriel Performance Products to Huntsman Corporation. The competitive scenario is intense for the market as major players have reported losses during the first half of 2020. For example, Mineral Technologies reported a loss of 14.44% and Imerys reported a loss of 15.3% in their revenue for Q2 2020.
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.
- 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.
Calcium Carbonate Regional Outlook
- North America
- Asia Pacific
- Central & South America
- Middle East & Africa (MEA)
Key Companies Profile
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.
Some prominent players in the global Calcium Carbonate market include
- AGSCO Corp.
- Blue Mountain Minerals
- Carmeuse Lime & Stone Company
- GCCP Resources
- GLC Minerals, LLC
- Greer Limestone Company
- Gulshan Polyols Ltd.
- ILC Resources
- M. Huber Corp.
- Midwest Calcium Carbonates
- Mineral Technologies
- Mississippi Lime
- Mountain Materials, Inc.
- NALC, LLC
- 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.
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