Global Calcium Carbonate Market

Global Calcium Carbonate Market Size, Share, Growth Analysis, By Type(Ground Calcium Carbonate (GCC), Precipitated Calcium Carbonate (PCC)), By End-User(Paper, Plastic) - Industry Forecast 2024-2031

Report ID: SQMIG15E2135 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 68 | Figures: 75

Global Calcium Carbonate Market Regional Insights

In 2021, Asia Pacific dominated the global market, accounting for more than 37% of total revenue. The region is expected to grow at a consistent CAGR from 2022 to 2028 as a result of increased investments in infrastructure development and manufacturing industry. However, the pandemic has had a significant impact on manufacturing operations and the supply chain, which hinder the overall market growth to some extent.

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FAQs

Calcium Carbonate Market size was valued at USD 42 billion in 2019 and is poised to grow from USD 44.7 billion in 2023 to USD 74.1 billion by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).

The global calcium carbonate market is highly competitive, which ca be attributed to the strong presence, local and international players throughout the value chain, including mining operations, processing facilities, and the application sector. In order to sustain the market competition, the players are engaging in various growth strategies that majorly includes mergers and acquisitions. With the outbreak of coronavirus in 2019, the competitive scenario became quite intense, with various players trying to bridge gap created due to standstill operation during first 6 months of pandemic. 'Imerys', 'Omya AG', 'Minerals Technologies Inc.', 'Huber Engineered Materials', 'Mississippi Lime Company', 'Carmeuse Group SA', 'GLC Minerals LLC', 'Maruo Calcium Co. Ltd.', 'Shiraishi Calcium Kaisha Ltd.', 'Lhoist Group', 'Solvay SA', 'Excalibar Minerals LLC', 'Midwest Calcium Carbonates LLC', 'Cales de Llierca S.A.', 'Sibelco Group', 'Yuncheng Chemical Industrial Co. Ltd.', 'Okutama Kogyo Co. Ltd.', 'Oki Kogyo Co. Ltd.', 'J.M. Huber Corporation', 'Nordic PCC Oy'

One of the essential basic ingredients used in the creation of paper and polymers is calcium carbonate. The APAC calcium carbonate market is observing significant demand for paper from a variety of end-use industries despite the rapid digital change. The use of paper packaging has expanded as a result of the economic growth in APAC's developing nations. The majority of the consumer paper produced in the region is produced in China, India, and South Asian nations. The growth of the e-commerce industry in China and India has also increased demand for corrugated packaging materials. The food, medical, educational, stationery, and personal care industries all employ paper packaging.

Calcium carbonate is one of the essential raw materials required in the production of paper and plastics. The use of paper packaging has increased to a great extent as a result of the ban imposed by several goverments including India from Asia Pacific calcium carbonate market. On the other hand, China, India, and South Asian countries are the largest paper consumers. Furthermore, these countries have started witnessing high demand for paper as result of rapidly expanding e-commerce industry., especially in India and China. Apart from e-commerce, the regional calcium carbonet market is witnessing high demand coming from Food, healthcare, education and stationery, and personal care industries for paper packaging.

In 2021, Asia Pacific dominated the global market, accounting for more than 37% of total revenue. The region is expected to grow at a consistent CAGR from 2022 to 2028 as a result of increased investments in infrastructure development and manufacturing industry. However, the pandemic has had a significant impact on manufacturing operations and the supply chain, which hinder the overall market growth to some extent.

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