Calcium Carbonate Market Size Worth $68.4 Billion By 2030

The global calcium carbonate market size was valued at USD 42.5 billion in 2021, expanding at a CAGR of 5.4% from 2022 to 2030. Rocks including limestone and dolomite usually contain the chemical calcium carbonate. Further processing the product after it has been mined or recovered from a quarry (GCC) produces precipitated calcium carbonate (PCC) or ground calcium carbonate.

The market is primarily driven by its widespread applications in paints and coatings, paper, food, building and construction materials, and health-related product manufacturing activities. Calcium carbonate is a crucial raw material for manufacturing plastics and paper. The market demand in APAC is highest, as the paper-packaging sector has grown manifold in the past few years. In addition, e-commerce has blown up in India, China, and other South Asian countries, coupled with the relatively slow digitization, thus, making the APAC region the biggest market consumer.

Furthermore, the market has a strong presence of established players and is highly competitive in nature. They are integrated across the value chain and operate in sectors including mining and processing facilities. The market giants are keen on proliferating their global presence by participating in collaborations, partnerships, and mergers & acquisitions. In February 2022, the Sherwin-Williams Company signed an agreement with Statesville, North Carolina, the state, and Iredell County to significantly increase its architectural coatings, paint manufacturing capacity, and establish a larger distribution facility there.

In November 2019, Imerys purchased three production locations from a leading Brazilian producer of GCC, EDK. The acquisition was aimed to increase the former's product line for paint and coating applications and strengthen its footprint in South America. With the coronavirus outbreak occurring after 2019, the competitive environment turned out to be rather fierce, with a number of players reporting revenue losses.

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Calcium Carbonate Market Report Highlights

• Geographically, Asia Pacific captured the largest revenue share in 2021 and is projected to further grow owing to the development of the manufacturing sector in countries such as India and China. This is attributed to supportive government initiatives including inviting FDIs and incentives

• For instance, Mineral Technologies in May 2020, collaborated with Satia Industries Ltd. to construct a 42 kiloton per annum PCC plant in the Indian state of Punjab. Satia Industries Ltd. is an India-based renowned papermaker that aims to employ Mineral Technologies’ PCC to improve the bulk, opacity, and brightness of its paper

• Based on application, the paper segment accounted for a market share of over 40% in 2021. Growing concerns over hygiene and sustainability are driving the paper industry. For example, initiatives and reforms put forth to ban single-use plastic products have boosted the use of paper in packaging applications across the globe

• The plastics segment is anticipated to expand at the fastest CAGR of 6.4% by 2030 due to its increasing application in the medical sector. Appropriately graded plastics are FDA-approved and are used in medical and food applications

• Plastics are also used in applications including disposable medical devices, IV tubes, surgical gloves, and other tools. These are disposable products and their demand skyrocketed during the COVID-19 pandemic

• The Middle East & Africa is expected to exhibit a significant CAGR from 2022 to 2030 as a result of the expanding construction industry and the subsequent demand for cement in the region

Calcium Carbonate Market Report Segments

Calcium Carbonate Application Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)
    • Paper
    • Paints & Coatings
    • Plastics
    • Adhesives & Sealants
    • Others

Calcium Carbonate Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
        • France
    • Asia Pacific
        • China
        • India
        • Japan
    • Central & South America
    • Middle East & Africa

List of Key Players in the Calcium Carbonate Market
    • AGSCO Corp.
    • Carmeuse
    • Blue Mountain Minerals
    • Carmeuse Lime & Stone Company
    • GCCP Resources
    • GLC Minerals, LLC
    • Greer Limestone Company
    • Gulshan Polyols Ltd.
    • ILC Resources
    • Imerys
    • J.M. Huber Corp.
    • LafargeHolcim
    • Midwest Calcium Carbonates
    • Mineral Technologies
    • Mississippi Lime
    • Mountain Materials, Inc.
    • NALC, LLC
    • Omya
    • Parchem Fine & Specialty Chemicals
    • The National Lime & Stone Company
    • United States Lime & Minerals, Inc.