Calcium Carbonate Market Outlook 2031
- The global calcium carbonate market was valued at US$ 19.9 Bn in 2021
- It is estimated to grow at a CAGR of 5.7% from 2022 to 2031
- The global calcium carbonate market is expected to reach the value of US$ 29.3 Bn by the end of 2031
Overview of Global Calcium Carbonate Market
Calcium carbonate (CaCO3) is a solid chemical compound that is white, non-toxic, and odorless. It is present in the earth’s crust. It can be found in chalk, limestone, marble, and marine creature shells. Mollusks and corals, for instance, use dissolved calcium and carbon dioxide in water to make calcium carbonate. Increase in usage of calcium carbonate is associated with the growth of the paper industry and rise in consumption of nutrition supplements. Calcium carbonate is available in two forms in the market: precipitated calcium carbonate (PCC) and powdered calcium carbonate (GCC). PCC is created by reacting carbon dioxide with a calcium hydroxide solution, while GCC is created by crushing and processing limestone into calcium carbonate powder. Increase in application of calcium carbonate is expected to propel the calcium carbonate market during the forecast period.
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Rise in Preference for Paper and Paper-based Packaging Fueling Demand for Calcium Carbonate
The paper industry has been witnessing a surge in investment over the last few years. Calcium carbonate is employed as a filler in biopolymer packaging materials. Currently, calcium carbonate dominates other papermaking filler ingredients. Demand for brighter and thicker paper is the primary reason for the rising popularity of calcium carbonate. Manufacturers widely use paper packaging, as it provides users with convenient storage and functional packaging that is appealing and easy to carry. Additionally, this type of packaging is safe for the environment. It is manufactured in all shapes and sizes using recycled materials. Paper containers are made from renewable resources such as paper and paperboard. Akin to wood, the raw material can be sourced from sustainably managed forests. It is readily recyclable, and by definition, biodegradable. Hence, rise in investment in the paper industry is anticipated to drive the calcium carbonate market during the forecast period.
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Growth of Paints & Coatings Industry Propelling Calcium Carbonate Market
Paints and coatings containing ultrafine calcium carbonate have a spatial steric impact. When ultrafine calcium carbonate is added to paint, the relatively dense lithopone stays suspended rather than sinking to the bottom. It can improve the paint film’s whiteness and shine without compromising its covering capabilities. Ultrafine calcium carbonate is widely used in the paint industry due to its performance-enhancing properties. It can reduce the quantity of dispersant used in latex paints by preventing settling. Application of ultrafine calcium carbonate activated by a chelated paint dispersion and coupling agent can improve covering ability, abrasion resistance, adhesion, impact resistance, and flexibility. It can also improve color intensity and reflection. In the aqueous paint business, ultrafine calcium carbonate can help with pigment settling, dispersion, and shine. Aqueous paints typically include between 20% and 60% ultrafine calcium carbonate. Calcium carbonate can lower the amount of dispersion used in latex paints by minimizing settling. This is estimated to drive the demand for calcium carbonate in the paints and coatings industry.
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Analysis of Key Players in Global Calcium Carbonate Market
The global calcium carbonate market is highly competitive, owing to the presence of several small- and medium-scale manufacturers. Imerys, Minerals Technologies Inc., Omya AG, Huber Engineered Materials, Mississippi Lime Company, Shiraishi Kogyo Kaisha, Ltd., Okutama Kogyo Co., Ltd., and Newpark Resources, Inc. are some of the prominent players operating in the market.
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