Calcium Carbonate Market Outlook 2031
- The global calcium carbonate market was valued at US$ 19.9 Bn in 2021
- It is estimated to grow at a CAGR of 5.7% from 2022 to 2031
- The global calcium carbonate market is expected to reach the value of US$ 29.3 Bn by the end of 2031
Overview of Global Calcium Carbonate Market
Calcium carbonate (CaCO3) is a solid chemical compound that is white, non-toxic, and odorless. It is present in the earth’s crust. It can be found in chalk, limestone, marble, and marine creature shells. Mollusks and corals, for instance, use dissolved calcium and carbon dioxide in water to make calcium carbonate. Increase in usage of calcium carbonate is associated with the growth of the paper industry and rise in consumption of nutrition supplements. Calcium carbonate is available in two forms in the market: precipitated calcium carbonate (PCC) and powdered calcium carbonate (GCC). PCC is created by reacting carbon dioxide with a calcium hydroxide solution, while GCC is created by crushing and processing limestone into calcium carbonate powder. Increase in application of calcium carbonate is expected to propel the calcium carbonate market during the forecast period.
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Rise in Preference for Paper and Paper-based Packaging Fueling Demand for Calcium Carbonate
The paper industry has been witnessing a surge in investment over the last few years. Calcium carbonate is employed as a filler in biopolymer packaging materials. Currently, calcium carbonate dominates other papermaking filler ingredients. Demand for brighter and thicker paper is the primary reason for the rising popularity of calcium carbonate. Manufacturers widely use paper packaging, as it provides users with convenient storage and functional packaging that is appealing and easy to carry. Additionally, this type of packaging is safe for the environment. It is manufactured in all shapes and sizes using recycled materials. Paper containers are made from renewable resources such as paper and paperboard. Akin to wood, the raw material can be sourced from sustainably managed forests. It is readily recyclable, and by definition, biodegradable. Hence, rise in investment in the paper industry is anticipated to drive the calcium carbonate market during the forecast period.
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Extensive Usage of Ground Calcium Carbonate to Raise pH of Water and Soil
In terms of type, the calcium carbonate market has been bifurcated into ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC). The precipitated calcium carbonate segment held around 69% share of the global calcium carbonate market in 2021. Ground calcium carbonate (GCC) is used in paper and plastic fillers, varnishes, and paints. Calcium carbonate is also used in cement. It is broken down into quick lime (calcium oxide) and slaked lime (calcium hydroxide). Ground calcium carbonate is somewhat basic; hence, it can be used to neutralize combustion fumes or raise the pH of water and soil.
Analysis of Key Players in Global Calcium Carbonate Market
The global calcium carbonate market is highly competitive, owing to the presence of several small- and medium-scale manufacturers. Imerys, Minerals Technologies Inc., Omya AG, Huber Engineered Materials, Mississippi Lime Company, Shiraishi Kogyo Kaisha, Ltd., Okutama Kogyo Co., Ltd., and Newpark Resources, Inc. are some of the prominent players operating in the market.
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