Global Calcium Carbonate Market: Valued at USD 27.5 Billion in 2024 & to Achieve 4.8% CAGR in 2024-32
As per the research report by Report Cube, the Global Calcium Carbonate Market size was valued at nearly USD 27.5 billion in 2024, and is estimated to grow at a CAGR of about 4.8% during the forecast period, 2024-32.
The ground & precipitated calcium carbonate business is undergoing rapid change due to the increase in the use of nano-precipitated calcium carbonate & the development of low-carbon, environmentally-friendly products. Another factor driving the CaCO3 Market is an increasing requirement for marble, tiles, and concrete in public, residential as well commercial buildings. In addition, the exceptional quality of this material has found uses across many different industries and is one of the most common minerals used worldwide. It is commonly used in the agriculture & construction fields as a raw material.
With the expanding urbanization & the upsurge in the disposable income of the middle-class population, there is a rise in the construction of buildings for residents & commercial space. This, in turn, is estimated to increase the usage of calcium carbonate in the following years. CaCO3 is also employed in the manufacture of ceramic & concrete materials, as well as fillers & additives for paints, varnishes, sealants, and plastic goods. Additionally, with the rising demand for marble, concrete, and tiles in public, residential, and commercial projects the industry for calcium carbonate is flourishing.
Furthermore, the market has been driven by the steady increase in the need for CaCO3, which is mainly attributable to the growth of the paper market. The surging need for filler materials from a range of industries, including paper plastic, paints & coatings, and construction, is predicted to influence the calcium carbonate sector. In addition, CaCO3 is used as a disinfectant, a pH corrector for pool water, and a filling ingredient for latex gloves. Also, the growing population’s need for hygiene paper & nutritional supplements is driving up demand, which, in turn, is fueling the market growth, further states the research study, Calcium Carbonate Market Analysis, 2024.
Analyzing the Calcium Carbonate Market Segmentation
Express Delivery to Dominate the Calcium Carbonate Market
By mode of delivery, the Calcium Carbonate Market is bifurcated into: Paper, Plastic, Paints & Coatings, Adhesives & Sealants, and Others (rubber, environment, pharmaceutical, cosmetic, food, oil & gas, and others).
The potential share of the Calcium Carbonate Market is expected to be accounted for by the Paper segment during 2024-32. The paper sector employs the majority of calcium carbonate because fillers like GCC are used to improve paper brightness & opacity while lowering the cost of paper manufacturing. It is projected that the rising production of paper cardboard, flexible packaging, and paper packaging would help the market to grow. Furthermore, paper & paperboard are used in the manufacturing, delivery, consumption, and promotion of goods, which together make up around one-third of the packaging market globally.
Asia-Pacific to Dominate the Global Calcium Carbonate Market
The Calcium Carbonate Market in Asia-Pacific is anticipated to tremendously in the upcoming years, capturing the largest market share. The primary cause of this is the rise in investments across many industries. There would be an increase in demand for vehicles, paint & coatings, and calcium carbonate.
India has also formulated an 'ideal' system to bring in the largest foreign investment. In addition, a large demographic dividend is derived from the ongoing expansion of the working-age population representing nearly two-thirds of the total. Moreover, increasing consumption from various end-users is further driving the calcium carbonate market throughout India.
Calcium Carbonate Market Companies Analysis
With the strategic analysis & market study the leading companies, including Cerne Calcium Company, GCCP Resources LTD, J M Huber Corporation, Imerys S.A., Lafargeholcim, Minerals Technologies Inc., Mississippi Lime Company, Okutama Kogyo Co.,Ltd, Omya AG, SCHAEFER KALK GMBH & CO. KG, Others