Calcium Carbonate Market

Calcium Carbonate Market Size:

The global calcium carbonate market size is expected to exhibit a growth rate (CAGR) of 4.41% during 2024-2032. The market is experiencing moderate growth owing to the growing utilization of paper in various industries to create eco-friendly packaging, rising investments in novel drug formulation, and increasing construction of several residential and commercial buildings.

Calcium Carbonate Market Analysis:

• Major Market Drivers: The global calcium carbonate market is experiencing moderate growth due to the rising need for calcium carbonate as a coating agent in the paper industry.
• Key Market Trends: The rising employment of calcium carbonate in drug formulations owing to its superior properties is offering a favorable calcium carbonate market outlook.
• Geographical Trends: Asia Pacific dominates the market, driven by the presence of several paper and plastic manufacturing companies in the region. However, North America is emerging as a key region attributed to the increasing usage of calcium carbonate in the automotive and construction sectors.
• Competitive Landscape: Some of the major market players in the calcium carbonate industry include Blue Mountain Minerals, Carmeuse (Carmeuse Lime Inc.), GCCP Resources, GLC Minerals LLC (Hurlbut Holdings Inc.), Greer Limestone Company, Gulshan Polyols Ltd., among many others.
• Challenges and Opportunities: The growing concerns about the extraction processes and unstable raw material prices are affecting the calcium carbonate market value. Nonetheless, major companies are developing sustainable and novel applications of calcium carbonate, especially in green building materials, which are contributing to the market growth.
   

Calcium Carbonate Market Trends:

Demand in the Paper Industry

The rising employment of calcium carbonate in the paper industry due to its affordability and functional properties is strengthening the market growth. Calcium carbonate acts as a coating pigment and filler that enhances the brightness, opacity, and smoothness of papers, which is particularly vital in high-quality writing and printing materials. According to the Indian Paper Manufacturers Association (IPMA), the country's paper sector produces 5% of the world's total, bringing in around INR 80,000 crore in income and INR 5,000 crore for the national coffers. In addition, the per capita paper utilization of the country is around 15-16 kg.

Construction and Building Materials Sectors

The growing application of calcium carbonate in the construction industry, as a key ingredient in cement and ornamental marble, is bolstering the calcium carbonate market growth. The rise in construction activities worldwide, due to urbanization and infrastructure development projects, is driving the calcium carbonate market demand. On the basis of the data provided by the World Bank in 2023, 4.4 billion people, or 56% of the total population, resided in urban areas. Projections indicated a persistent rise in urbanization, with the population forecasted to double from by 2050, encompassing around 70% of the global populace.

Drug Formulation and Delivery Enhancement

The calcium carbonate market overview reveals moderate growth attributed to its widespread use in pharmaceuticals. It is employed in formulation of drugs and delivery systems to enhance patient compliance and medication efficiency. The rising geriatric population that is more susceptible to age-related conditions is catalyzing the demand for calcium carbonate. For instance, the World Health Organization (WHO) in 2022 forecasted a shift in the world population between 2015 and 2050, with the global population aged over 60 years to nearly double from 12% to 22%, indicating a notable demographic transformation. Moreover, the calcium carbonate market revenue in the pharmaceutical sector is witnessing moderate growth owing to its widespread use in drug formulation, dietary supplements, and innovative biomedical applications.

Calcium Carbonate Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type and application.

Breakup by Type:

• Ground Calcium Carbonate (GCC)
• Precipitated Calcium Carbonate (PCC)
   

Ground calcium carbonate (GCC)accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC). According to the report, ground calcium carbonate (GCC) represented the largest segment.

The ground calcium carbonate (GCC) exhibits a clear dominance in the market. This growth is driven by its application across various industries, such as plastics, paints, and construction. GCC is used in plastics to enhance mechanical properties and improve the quality. The construction sector employs GCC as a soil treatment agent and in the production of cement. The growing population is driving the demand for food, which requires suitable soil treatment agents to ensure better yield. The Food and Agriculture Organization of the United Nations estimated in 2023 that invasive insects cost the world economy $70 billion a year and plant illnesses $220 billion annually.

Breakup by Application:

• Paper
• Paints and Coatings
• Plastics
• Adhesives and Sealants
• Others
   

Paper holds the largest share of the industry

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes paper, paints and coatings, plastics, adhesives and sealants, and others. According to the report, paper accounted for the largest market share.

The rising utilization of calcium carbonate in the paper industry as a cost-effective coating agent and paper filler is propelling the market growth. It enhances the qualities of the paper, such as brightness, opacity, and surface smoothness, which is crucial in high-quality printing and writing materials. Furthermore, calcium carbonate is naturally abundant with lower environmental impact compared to synthetic alternatives, appealing to manufacturing focusing on sustainability and cost reduction. These factors, combined with the steady utilization of paper in packaging, publishing, and advertising, sustain the demand for calcium carbonate in this sector. According to Packaging Distributors of America, the global packaging market is set to grow at a CAGR of 3.94% from 2022 to 2027. In the US, the packaging industry reached USD 184.65 Billion in 2021, projected to hit USD 218.12 Billion by 2027.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Asia Pacific leads the market, accounting for the largest calcium carbonate market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represents the largest regional market for calcium carbonate.

The demand for calcium carbonate in the Asia Pacific region is attributed to rapid industrialization and economic growth, especially in India and China. According to UNICEF, nearly 55% of the population in Asia is excepted to live in urban areas by 2030. Moreover, the extensive limestone reserve allows for a cheap and easily accessible supply of raw materials. Furthermore, the favorable government policies promoting infrastructure development and sustainable material usage are bolstering the market growth in the region. Apart from this, the rising construction of various residential apartments is driving the demand for calcium carbonate.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the calcium carbonate industry include:

• Blue Mountain Minerals
• Carmeuse (Carmeuse Lime Inc.)
• GCCP Resources
• GLC Minerals LLC (Hurlbut Holdings Inc.)
• Greer Limestone Company
• Gulshan Polyols Ltd.
• Imerys (Belgian Securities B.V.)
• J.M. Huber Corporation
• LafargeHolcim
• Minerals Technologies Inc.
• Mississippi Lime Company
• Omya AG
• Parchem Fine & Specialty Chemicals
• United States Lime & Minerals Inc. (Inberdon Enterprises Ltd.)
   

Leading companies in the calcium carbonate market are engaging in numerous strategic activities to improve their market presence. These include increasing their production capacity, engaging in mergers and acquisitions (M&A), and investing in research operations to innovate and enhance product quality. Key players are also focusing on the introduction of eco-friendly and sustainable calcium carbonate products to meet the growing demand for green solutions in several industries. For instance, Cimbar Resources, Inc. finalized its acquisition of Imerys Carbonates USA, Inc.'s Sahuarita, Arizona operation, bolstering its portfolio in calcium carbonates manufacturing. This strategic move positions Cimbar to enhance its presence in the market, catering to the increasing demand for calcium carbonate products.

Calcium Carbonate Market News:

• April 2022: Imerys announced investment to expand and optimize its Sylacauga plant, doubling calcium carbonate production capacity and enhancing operational reliability. The initiative aims to support market demand, reduce energy utilization, and promote sustainable products.
• April 2023: Minerals Technologies Inc. had secured three long-term agreements with major paper companies in China and India to supply precipitated calcium carbonate (PCC), expanding its specialty additives product line. The partnerships involve building and operating on-site PCC satellite plants, collectively producing over 180,000 metric tons annually.
• April 2023: Omya invested in 7 onsite plants across China and Indonesia, including 3 ground calcium carbonate (GCC) plants and 4 precipitated calcium carbonate (PCC) plants, expanding its product portfolio for paper manufacturing.

Calcium Carbonate Market Report Scope:

Key Questions Answered in This Report:

• How has the global calcium carbonate market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global calcium carbonate market?
• What is the impact of each driver, restraint, and opportunity on the global calcium carbonate market?
• What are the key regional markets?
• Which countries represent the most attractive calcium carbonate market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the calcium carbonate market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the calcium carbonate market?
• What is the breakup of the market based on the region?
• Which is the most attractive region in the calcium carbonate market?
• What is the competitive structure of the market?
• Who are the key players/companies in the global calcium carbonate market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the calcium carbonate market from 2018-2032.
• The calcium carbonate research report provides the latest information on the market drivers, challenges, and opportunities in the global calcium carbonate market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the calcium carbonate industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.