ID: MRFR/CnM/3940-CR | August 2021 | Region: Global | 215 pages
The Calcium Carbonate Market is projected to be worth USD 63.87 Billion by 2028, registering a CAGR of 4.20% during the forecast period (2021 - 2028), The market was valued at USD 49502.89 Million in 2020.
Calcium Carbonate is a white insoluble mineralcomprising more than 4% of the earth’s crust and occurring naturally as limestone, chalk, calcite, marble, and forming molluskshells. It is commonly used in the manufacturing of lime and Portland cement and as a gastric antacid. The growth of the market is driven mainly by the growing consumption of calcium carbonate in various end-use industries, including paints and coatings, paper, and plastics. The demand is also supported owing to its wide availability and low cost.
The majority of suppliers in this market had to shut down their operating facilities due to the outbreak of COVID-19. In response to combat the virus, the key suppliers shifted their focus towards offering relief in the pandemic.
However, these companies have begun operations again. For instance, Vale, one of the leading players in the global iron ore market, offered support to the Brazilian Government through its infrastructure, enabling the import of medical goods, such as test kits and ventilators, for the COVID-19 infected patients.In addition to this, the company is implementing several measures to support the prevention of COVID-19 globally and business continuity at its sites, such as the enforcement of washing hands, sanitizing,wearing masks, social distancing, frequent clean down, temperature monitoring, and disinfection within facilities.
Construction, automotive and transportation, medical, and others are the key consumers of steel, which uses around 98% of iron ore. The restrictions on travel and transportation have resulted in decreased use of automobiles, maritime, as well as in construction activities. This is due to the reduced outings, closed working places, and lockdown
Growing demand from the plastic and paper industry is driving the growth of the global calcium carbonate market over the forecast period. The calcium carbonate is significantly used as filler and coating pigment owing to its printing and whitening properties. Increasing demand for brighter and bulkier paper is one of the major reasons for selecting call calcium carbonate in the paper industry.
Calcium carbonate has various advantageous properties, including low electrolyte content, low abrasiveness, pH stabilizing effect, and also helps to improve weather resistance, anticorrosion and rheological properties. Calcium carbonate can be used as a filler for high gloss coating products in powder coating. Also, the addition of calcium carbonate reduced costs and is an environmentally friendly product that requires low levels of heavy metals, such as baby carriages and toys. Furthermore, it enhances the property of powder coating by improving the spray area and powder rate of the paint.
In wood coating applications, calcium carbonate increases the film strength and wear resistance. Light calcium has a thickening effect, is easy to change, and has good anti-sedimentation properties. Heavy calcium reduces the sanding property in the paint film. Calcium carbonate improves the gloss, dryness, and whitening of the paint film. It is widely used in automotive ink and paint. Calcium carbonate with particle size less than 80 nm finds application in the topcoat of automobile chassis and anti-stone coating owing to its thixotropy. It also exhibits excellent transparency, dispersibility, excellent ink absorption, excellent gloss, and drying properties.According to MRFR analysis, the global paints and coatings industry was valued at USD 1,29,937.90 million and is projected to reach USD 1,90,167.60 million by 2023.
Various regulations have been developed to govern mining activities across the globe. Mining activities also pose significant challenges related to theenvironment. These activities generatea large volume of acid mine drainage, waste rock, tailings, airborne dust, and other contaminants deposited in the air, water, and land. Owing to this, various stringent regulations are developed on mining activities, negatively impacting the growth of the calcium carbonate market. The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), Clean Air Act (CAA),Clean Water Act (CWA),Toxic Substances Control Act (TSCA),National Environmental Policy Act (NEPA), and Resource Conservation and Recovery Act (RCRA), are some of the federal laws that regulate the mining in the US.
The global calcium carbonate markethas been segmented on the basis of product type, end-use industry, and region.
The product type segment in the global calcium carbonate market has been categorized into ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC). Among these, ground calcium carbonate dominated the product type segment, accounting for more than 70% in 2020. Ground calcium carbonate is commonly used as an industrial mineral. It is used in paints and coatings, paper and plastic fillers. GCC also finds application in cement and can be converted into calcium oxide (quick-lime) and calcium hydroxide (slaked lime). It increases the pH in soils or water and can be used to neutralize combustion vapors. Hence, various advantageous properties of GCC drive the growth of product type segment.Precipitated calcium carbonate (PCC) is projected to register thehighest CAGR of over 4%. The different shape of PCC allows them to act as a functional additive in adhesives, sealants, rubber, plastic, inks, paper, pharmaceutical, and nutraceutical, aiding the growth of this segment.
Global Calcium Carbonate market Revenue, by End-use Industry, 2020 (USD Million)
Sources: MRFR Analysis
Based on the end-use industry, the global market has been segmented intopaper, paints & coatings, plastics, adhesives & sealants, construction, and others. Among these, the paper segment accounted for the largest market share in 2020. In the paper end-use industry, calcium carbonate is used as a cost-effective substitute for wood fiber filler. The use of both GCC and PCC has grown significantly as technology and has moved from acid to neutral sizing. The plastic end-use industry accounted for a second-largest market share in 2020. Calcium carbonate is used as a raw material for compounding with polymers. It accounts for more than 60% of the reinforcements and filler market. The applications include polyethylene, polypropylene, rigid PVC, and unsaturated polyesters.
Global Calcium Carbonate market Share, by Region, 2020 (%)
Sources: MRFR Analysis
The market in Asia-Pacificheld the largest market share of more than40%in 2019 and is expected to grow at a faster pace during the forecast periodand be the leading market. The growth of the market is attributed to growing construction activities in the region. China and India are the major economies contributing to the growth of the market. According to MRFR analysis, in 2020, China is the leading producer and consumer of calcium carbonate in Asia-Pacific, accounting for around 40% ofthe share of the regional market in terms of value. The growing industrial base and population in China is the prime factor propelling the market growth.
In April 2021, J.M. Huber Micropowders Inc., a subsidiary of Huber Engineered Materials (HEM), acquired the Nutri Granulations business assets of IMCD US, LLC in California. Nutri Granulations is a manufacturer ofGCC and blends comprising granulated calcium carbonate and vitamins used in the production of dietary supplements and food. The acquisition helps Huber Engineered Materialsto enhance itsproduct portfolio of medium-sized chemical and mineral businesses.
In June 2020, Minerals Technologies Inc. signed an agreement with Phoenix Paper LLC to re-establish a 35,000 ton per year satellite precipitated calcium carbonate (PCC) plant at its paper mill in Kentucky. This paper industry had been halted for the past five years and was recently purchased and restarted by Phoenix Paper, a subsidiary of Shanying International, a Chinese-based company with a focus on entering the paper market in North America. Minerals Technologies Inc.has been supplying its PCC from nearby sources to the Wickliffe site since the facility restarted operations in November of 2019.
MTI had also signed an agreement with Satia Industries Limited to build a 42,000 metric ton per year satellite precipitated calcium carbonate (PCC) plant at its paper mill in Punjab, India.
Global Calcium Carbonate market, by ProductType
Global Calcium Carbonate Market, by End-use Industry
Global Calcium Carbonate market, by Region
Available Additional Customizations
|CAGR||4.20% (2022- 2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type and application|
|Geographies Covered||Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.|
|Key Vendors||Omya AG (Switzerland), Imerys Pigments, Inc. (U.S.), Mineral Technologies Inc. (U.S.), United Mining Investments Co. (Saudi Arabia), Yuncheng Chemical Industrial CO., Ltd. (Taiwan), Huber Engineered Materials (U.S.), Zhejiang Jiande Longhua plastics Ltd. (China), MARUA CALCIUM CO., LTD. (Japan), GLC Minerals, LLC (U.S.), Calchem (India), Graymont Limited (U.S.), and FUJIAN SANMU NANO CALCIUM CARBONATE CO., LTD. (China)|
|Key Market Opportunities||Increasing demand for brighter and bulkier paper|
|Key Market Drivers||Growing demand from the plastic and paper industry|
Frequently Asked Questions (FAQ) :
Several companies like Mineral Technologies Inc. (U.S.), Omya AG (Switzerland), Imerys Pigments, Inc. (U.S.), Yuncheng Chemical Industrial CO., Ltd. (Taiwan), United Mining Investments Co. (Saudi Arabia), Zhejiang Jiande Longhua plastics Ltd. (China), MARUA CALCIUM CO., LTD. (Japan), Graymont Limited (U.S.), Huber Engineered Materials (U.S.), Calchem (India), GLC Minerals, LLC (U.S.), and FUJIAN SANMU NANO CALCIUM CARBONATE CO., LTD. (China) would ensure the calcium carbonate market gets ample growth opportunities.
Kaolin’s use as substitution and environmental hazards regarding deforestation to get close to limestone for the calcium carbonate can adversely impact the calcium carbonate market growth.
Major industries like food & beverage, paints & coatings, and pharmaceuticals would play prominent roles in taking the calcium carbonate market growth.
The calcium carbonate market would get traction from factors like additive in manufacturing polyvinyl chloride (PVC) and dietary supplements.
Players involved in the calcium carbonate market would employ strategies like a merger, collaboration, brand positioning, acquisition, product launch, rising R&D investment, innovation, and others to proceed further ahead.