Calcium Carbonate Market Size, Share & Segmentation, by Type (Ground Calcium Carbonate, Precipitated Calcium Carbonate), by Application (Raw Substance for Construction Material, Dietary Supplement, Additive for Thermoplastics, Filler and Pigment, Component of Adhesives, Desulfurization of Fuel Gas, Neutralizing Agent in Soil, Other Applications), by End-use Industry (Paper, Plastic, Paints & Coatings, Adhesives & Sealants, Construction, Paints and Coatings, Pharmaceutical, Automotive, Agriculture, Rubber, Other), by Region and Global Forecast for 2024-2031

Calcium Carbonate Market Report Scope & Overview:

The Calcium Carbonate Market size was USD 48.26 billion in 2023 and is expected to Reach USD 80.53 Billion by 2031 and grow at a CAGR of 6.5% over the forecast period of 2024-2031.

Calcium carbonate is a chemical compound. It is written as CaCO3. In rocks, it is frequently present as the minerals calcite and aragonite, most prominently in chalk and limestone, shellfish skeletons, egg shells, gastropod shells, and pearls. Calcium carbonate is either used in its natural state or in pure form. Various techniques are used for extraction, including mining and quarrying. Citric acid, also known as calcium citrate, is created from calcium carbonate and is employed as a preservative, food additive, acidifier, and flavouring ingredient. It is widely used as an alkalizing agent, cleaning agent, whitening agent, dietary supplement, cosmetic, and pharmaceutical agent. Calcium carbonate is the active ingredient used in agricultural lime and is created when calcium ions in hard water react with carbonate ions to create limescale. The procedure of neutralisation is also used to change the pH of water. When untreated water passes through filters containing calcium carbonate, the material dissolves and causes the water's pH to rise above 6. There is a high demand for purified drinking water, which is expected to elevate usage.

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Calcium carbonate is used to enhance the properties of plastic and improve dissipation. Hence, the usage of plastic in packaging, electronics, electrical, and construction indirectly drives the demand for calcium carbonate. GCC is a useful addition that improves the mechanical properties of film and sheet formulations. GCC improves the material's tensile strength, stiffness, and tear resistance when it is included in plastic films and sheets. This is crucial in applications where long-lasting performance and durability are required. GCC keeps the films and sheets' integrity intact and ensures that they can endure external forces. In tablets, capsules, creams, lotions, and oral care products, they act as excipients, functional additives, and pH regulators. GCC and PCC make sure that dosage is delivered consistently, promote product stability, and improve the sensory qualities of formulations for personal care and medications. Environmental influences and pressures Both GCC and PCC are widely used in the paper and pulp industries as fillers and coating agents.

Market Dynamics

Drivers

• The increasing usage of calcium carbonate in agriculture is projected to drive the market's growth

• Calcium carbonate is used as raw material in plastic and paper

The majority of calcium carbonate's applications are in agriculture. Limestone's primary constituent is calcium carbonate. This mineral is extensively utilised to maintain a healthy pH balance in the soil and supply calcium to plants for optimum nutrition. It aids in absorbing water from the environment, keeping the soil moist and pliable and promoting greater plant and agricultural growth. The growing demand for calcium carbonate in agriculture is anticipated to fuel market expansion. This mineral is highly used to balance the soil acidity and deliver calcium to the plants for proper nutrition, which helps the proper growth of plants and crops.

Restrain

• Calcium carbonate dust causes physical irritation to the nose, eyes, and human skin

• The high cost of transportation duties and stringent rules are anticipated to hinder market growth

The increased cost of transportation from the manufacturing place to the paper mill Some companies have set up 53 satellite plants for making and delivering precipitated calcium carbonate (PCC) near paper mills to reduce costs, and some companies transport it in slurry form, which may reduce the quality of the materials.

Opportunity

• It has major applications in paper, plastic, paints and coatings, adhesives and sealants, construction, pharmaceuticals, automotive, agriculture, and rubber, which drive growth

• Calcium carbonate are widely used as an alkalizing agent, cleaning agent, whitening agent, dietary supplement, cosmetic, and pharmaceutical agent

In recent years, the construction sector has used calcium carbonate in the form of limestone to generate cement and concrete. Marbles are frequently used to display beauty in a variety of patterns and colours. In the future years, the calcium carbonate industry will see attractive opportunities due to the rise in demand for marble flooring, kitchen table top and bathroom countertops.

Challenges

• Governments are spreading awareness about reducing paper consumption.

• A new wave towards shift from paper work to digitalisation.

In the upcoming years, there will be a decline in paper usage due to a wave of digitalization. Almost every job in offices, public places, banks, and schools uses computers. Which has reduced paper usage. Hence, these can hinder the calcium carbonate market.

Impact of Russia Ukraine War

The Russian-Ukrainian crisis has driven up the price of calcium carbonate globally as demand for exports of these goods has grown. The aforesaid picture is anticipated to be dampened by geopolitical tensions brought on by the war between Russia and Ukraine and economic sanctions imposed on Russia. During the Russian-Ukrainian war, many people were injured, and damaged buildings and infrastructure have led to these new developments, which have indirectly increased the demand for calcium carbonate. These new developments in war zone areas increased demand for pharmaceutical industries and increased expenditure in the construction sector, resulting in an uplift in demand. The market has witnessed a growth rate of 5.3% during the forecast period.

Impact of Ongoing Recession

The outbreak of COVID-19, followed by the Russian-Ukrainian crisis, has led to a high price surge. recession, which has negatively affected almost every sector globally. These new developments in construction, pharmaceuticals, and automotive all face problems due to increased inflation, and they are expected to cause banks to tighten their policies aggressively while also decreasing private demand. With ongoing warfare, the risk of expansion is higher. Due to inflation, banks and investors are thinking about investing in start-ups. The government has taken some initiatives to lessen the recession; hence, these conditions will be overcome in the upcoming years.

Market Segmentation

By Type

• Ground Calcium Carbonate (GCC)

• Precipitated Calcium Carbonate (PCC)

 By Application

• Raw Substance for Construction Material

• Dietary Supplement

• Additive for Thermoplastics

• Filler and Pigment

• Component of Adhesives

• Desulfurization of Fuel Gas

• Neutralizing Agent in Soil

• Other Applications

By End-use Industry

• Automotive  

• Pharmaceutical

• Agriculture

• Building

• Paper & pulp

• Other

Regional Analysis

Asia-Pacific dominates the calcium carbonate market in terms of revenue and market share due to high investments in the manufacturing and infrastructure sector in this region. Countries such as China and India are expanding paper manufacturing operations as it has increased demand in various end-user applications such as packaging, plastic, paper, building and construction, and others. The emergence of parcel services like Amazon, Flipkart, and other small platforms has grown rapidly which has a packaging system.  Food and stationary, healthcare, education, confectionery, hospital, and personal care sector are using paper packaging rather than plastic due to environmental concerns.

North America will continue due to the high demand from the paper industries and the presence of several established industries in the region. Europe has emerging market growth due to the medical sector for manufacturing dietary supplements. Latin America and Africa have significantly stagnant growth.

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Regional Coverage

North America

• USA

• Canada

• Mexico

Europe

• Germany

• UK

• France

• Italy

• Spain

• The Netherlands

• Rest of Europe

Asia-Pacific

• Japan

• South Korea

• China

• India

• Australia

• Rest of Asia-Pacific

The Middle East & Africa

• Israel

• UAE

• South Africa

• Rest of the Middle East & Africa

Latin America

• Brazil

• Argentina

• Rest of Latin American

Key players-
Gulshan Polyols Ltd., Wolkem, Sibelco, Imerys, Huber Engineered Materials, Minerals Technologies Inc., ASCOM, CITIC Calcium Industry Co. Ltd., Jay Minerals, GP Group, Longcliffe, Fitz Chem LLC, Nitto Funka Kogyo, AGSCO Corp, Carmeuse, Blue Mountain Minerals, GCCP Resources Limited, Midwest Calcium Carbonates, Mississippi Lime and the other key players mentioned in the final report.

Gulshan Polyols Ltd-Company Financial Analysis

Recent Developments

• Minerals Technologies Inc- In 2023 Three long-term precipitated calcium carbonate (PCC) supply agreements that Minerals Technologies engaging will help the company's Specialty Additives product line in China and India grow even further. The agreements are with three major paper companies in 2 companies in china and India.

• Mississippi Lime Company- In 2023 Ohio Lumex will now get customer and technical assistance for its Breen Energy Solutions subsidiary from Mississippi, a leading provider of high-calcium lime products and technological solutions.