Calcium Carbonate Market worth USD 28.3 billion by 2024

According to a new market research report the “Calcium Carbonate Market by Type (GCC and PCC), End-Use Industry (Paper, Plastic, Paints & Coatings, Adhesive & Sealants), and Region (APAC, North America, Europe, South America, Middle East & Africa) – Global Forecast to 2024”, The calcium carbonate market is projected to grow from USD 21.2 billion in 2019 to USD 28.3 billion by 2024, at a CAGR of 6.0% during the forecast period. The growth of the market can be attributed to the increasing consumption of calcium carbonate from various end-use industries such as paper, plastic, and paints & coatings.

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This report also provides a comprehensive analysis of the companies listed below:

  • Imerys (France), Omya AG (Switzerland), Minerals Technologies Inc. (US), Huber Engineered Materials (US), Mississippi Lime Company (US), Carmeuse (Belgium), Sibelco (Belgium), Midwest Calcium Carbonate (US), Calcinor SA (Spain), and Excalibar Minerals LLC (US)

Calcium carbonate is a chemical compound represented by the chemical formula CaCO3. It is estimated that about 4 percent of the earth’s crust is made up of calcium carbonate. It is found naturally in the form of minerals and rocks, some of which include calcite, limestone, chalk, marble, and aragonite. Calcium carbonate is used either in its naturally occurring state or in the pure form. Pure calcium carbonate is extracted from natural sources by various techniques such as mining and quarrying. At present, calcium carbonate used is widely used for multiple functions, including as a mineral filler, whitening agent, and an alkalizing agent.

Omya AG (Switzerland) is one of the leading players in the calcium carbonate market. The company has been focusing on both organic and inorganic strategies to maintain its leading position in the market. For example, in November 2018, the company introduced a new functionalized calcium carbonate for use in biopolymers under the brand name, Omya Smartfill 55– OM. The new calcium carbonate is particularly used as filler material for polylactic acid (PLA) as this demonstrates almost no hydrolysis when processed at filler loads of up to 40%. This development helped the company strengthen its position in the calcium carbonate market.

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Imerys (France) is another major player in the calcium carbonate market. In February 2018, the company acquired the carbonate business of Vimal Microns (India), a major producer of ground calcium carbonate for the polymers and coatings applications. This acquisition helped the company strengthen its presence in India and provide better products to its customers with advanced technologies.

The ground calcium carbonate segment is projected to account for the largest share during the forecast period.

The ground calcium carbonate segment is projected to account for the largest market share, in terms of value, during the forecast period. Ground calcium carbonate is widely used as fillers in the plastic, rubber, and paper industries because of its low cost. It also provides brightness to paints, coatings, and paper. Furthermore, it provides a high level of illumination and light scattering properties.

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The plastics end-use industry is projected to register the highest CAGR during the forecast period.

Based on end-use industry, plastic is projected to be the fastest-growing end-use industry of calcium carbonate during the forecast period. This is due to the increasing demand for calcium carbonate-reinforced polypropylene from the automotive industry and the ability of calcium carbonate to enhance the properties of plastics and help in improved heat dissipation.

APAC calcium carbonate market is projected to account for the largest market share during the forecast period.

APAC is estimated to be the leading calcium carbonate market. The growth in the region can be attributed to the growing demand for calcium carbonate from various end-use industries such as paper, plastic, adhesives & sealants, and paints & coatings. The region’s strong industrial base, favorable government policies, and low labor cost are further strengthening the calcium carbonate market.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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