According to the latest report by IMARC Group, titled "Calcium Carbonate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global calcium carbonate market is expected to grow at a CAGR of 4.9% during 2023-2028. Calcium carbonate is a chemical compound composed of calcium, carbon, and oxygen. It is a common substance found in rocks, shells of marine organisms, and minerals, such as limestone, chalk, and marble. It has a white, powdery appearance and is extensively used as a dietary supplement, antacid, or building material in the construction industry. It has numerous uses in various industries due to its high thermal stability, low toxicity, and high durability. It is an important component of many natural and synthetic materials in the production of cement, ceramics, plastics, and paper. It is also used as an antacid to treat heartburn, indigestion, and acid reflux and as a dietary supplement to prevent or treat calcium deficiency. Additionally, it is utilized as a filler and pigment in paints, coatings, and adhesives as it improves the hiding power, gloss, and durability of these products.
Global Calcium Carbonate Market Trends:
The growing demand for calcium carbonate across the construction industry is driving the global market. This can be attributed to the rising investments in infrastructural development projects across several countries. In line with this, the widespread adoption of calcium carbonate in the agriculture sector as it is used as a soil conditioner to improve soil quality and increase crop yields is providing a boost to the product demand. Moreover, the development of new and innovative technologies to produce high-quality calcium carbonate products more efficiently and cost-effectively is creating a positive outlook. Additionally, several product innovations, such as the development of nano-calcium carbonates with biodegradable and biocompatible properties, are acting as other growth-inducing factors. Apart from this, the widespread product adoption for the manufacturing of polyvinyl chloride (PVC) packaging and lightweight automobile components are impacting the market favorably. Furthermore, the increasing utilization of calcium carbonate in personal care products, such as toothpaste and skincare products, as a polishing agent and to adjust the pH levels is catalyzing the demand. Other factors, such as extensive research and development (R&D) activities by leading players and growing demand for adhesives and sealants, are also influencing the market.
- On the basis of the of type, the market has been segmented into ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC).
- Based on the application, the market has been bifurcated into paper, paints and coatings, plastics, adhesives and sealants and others.
- On the basis of the region, the market has been classified into North America (United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico and others) and Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players 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 and United States Lime & Minerals Inc. (Inberdon Enterprises Ltd).
|Base Year of the Analysis
||Type, Application, Region
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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 and United States Lime & Minerals Inc. (Inberdon Enterprises Ltd.)
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