Calcium Carbonate Market Focuses On Key Drivers, Opportunities Features and Demands 2023


3rd May 2019 - The global calcium carbonate market is expected to display higher growth rate over the upcoming years. Rapid surge in the market is credited to the soaring demand from construction, paper, and plastic industries and its exceptional operational flexibility. Additional applications of calcium carbonate include dietary supplement, an additive for PVC, and in metalloids and minerals.

Booming paper industry is the key driving factor for market growth in the past few years. Globally, calcium carbonate market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of calcium carbonates.

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Rise in number of new limestone quarries, particularly in the Asia Pacific region, owing to the massive demand for calcium carbonate (CaCo3) from various end-use markets is triggering market growth in the past few years. Implementation of stringent rules & regulations for setting up new limestone quarries, thus limiting production of calcium carbonate (CaCo3), is expected to restrain market growth to a certain extent. Furthermore, higher initial cost and availability of alternative solutions are further limiting market growth.

Calcium carbonate is frequently used for commercial as well as industrial filler in the plastic & paper industries. Calcium carbonate is also adopted for water treatment to monitor pH levels in water via the neutralization process. Calcium carbonate is filled in large container that acts as a filter through which the untreated water is passed.

The calcium carbonate market is broadly categorized into major segments based on the application type such as paper industry, paints & coatings industry, plastics industry, and adhesives & sealants industry. Paper segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of calcium carbonate in paper segment is attributed to the rising demand for filler material in the wood-free paper production process.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in chemical manufacturing sector, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth.

Asia-Pacific region is estimated to hold a major share in the calcium carbonate industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rapid industrialization, increasing number of new limestone quarries, increasing in paper production, rising mineral loadings of paper to reduce pulp usage, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the calcium carbonate market are Omya International AG, Mineral Technologies, Inc., Imerys Pigments, Inc., Fujian Sanmu Nano Calcium Carbonate Co., Ltd., Graymont Ltd., and Parchem Fine & Specialty Chemicals, Inc.

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