According to the latest report by IMARC Group, titled “Calcium Carbonate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global calcium carbonate market is expected to exhibit a CAGR of 5.07% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Industry Definition and Application:
Calcium carbonate refers to an odorless, colorless, tasteless, and crystalline carbonic salt of calcium. It is sourced from limestone rocks through quarrying and mining processes and can be produced commercially by the decomposition of carbon dioxide followed by re-carbonization. Calcium carbonate is commonly available in precipitates and grounded variants, which are widely used in the manufacturing of plastics, paints, papers, rubbers, and adhesives and as a whitening agent, mineral filler, and alkalizing agent. In addition, in pharmaceutical products, this substance is used as a calcium element to improve bone health and as an antacid to reduce heartburn, acid indigestion, and other digestive problems.
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Market Trends:
The escalating product utilization in paper mills as a filler substance in alkaline papermaking procedures, owing to its beneficial high brightness and light scattering properties and as a substitute for wood pulp, additives and minerals, premium-quality paper, and paperboard, is among the primary factors driving the calcium carbonate market. Besides this, the elevating requirement for this chemical in the production of polyvinyl chloride (PVC) packaging and lightweight automobile components is further augmenting the market growth.
Moreover, calcium carbonate is also used to create hygiene-related products and as an extender and filler in paints, which is also catalyzing the global market. Apart from this, various innovations, such as the development of nano substances with biodegradable and biocompatible properties, are acting as significant growth-inducing factors. Furthermore, the growing product popularity as a smart carrier to deliver genes, enzymes, and therapeutic drugs and the increasing demand for this element as a building material are expected to bolster the calcium carbonate market in the coming years.
Report Segmentation:
The report has segmented the market into the following categories:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Breakup by Type:
Breakup by Application:
Breakup by Region:
Key highlights of the report:
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