The calcium carbonate market size is projected to reach US$ 57.45 billion by 2031 from US$ 39.72 billion in 2023. The market is expected to register a CAGR of 4.7% in 2023–2031. The rising demand for calcium carbonate micro and nanoparticles is likely to remain a key calcium carbonate market trend.
The high demand for calcium carbonate as plastic filler is mainly driving the market growth. Calcium carbonate is highly used in the plastics industry as a plastic filler, usually in the form of white granules. Plastic filler, which is mainly composed of calcium carbonate and base resin, is preferred as calcium carbonate is abundant and easy to obtain. Also, it improves the physical properties of plastic. In addition, calcium carbonate is not harmful to the environment.
Calcium carbonate is a chemical compound with the molecular formula CaCO3, consisting of calcium, carbon, and oxygen. It is commonly found in nature as a mineral and is the main component of various rocks, such as limestone, marble, and chalk. Calcium carbonate is widely used in various industries and applications due to its versatile properties. It is a white, odorless powder that is insoluble in water but can dissolve in acids. It serves as a dietary supplement for calcium and is utilized as a filler or pigment in the production of paper, plastics, paints, and coatings. In addition, it is employed majorly in the manufacturing of cement and ceramics.
The continuous demand from the paper industry is playing a crucial role in driving the growth of the calcium carbonate market. Calcium carbonate is extensively used as a filler and coating pigment in the production of paper and paperboard products. It enhances the brightness, opacity, and smoothness of paper, thereby improving its printability and overall quality. As the paper industry continues to witness steady growth globally, driven by factors such as increasing population, urbanization, and the demand for packaging materials, the demand for calcium carbonate as a key raw material remains consistently high.
Calcium carbonate is used in the production of cement and concrete. It also finds application in the production of asphalt and in road construction. The industrial construction sector is experiencing rapid growth due to several factors, such as the growing construction of new factories and industrial facilities, rising investments, and government initiatives. In the US, industrial construction is an essential part of the country’s economy. This sector has long been a driver of economic growth in the US. The growing industrial construction activities in various countries across the globe are driving the calcium carbonate market growth.
Key segments that contributed to the derivation of the calcium carbonate market analysis are type and application.
The geographic scope of the calcium carbonate market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The North America region holds a significant share of the global market. In North America, the rising demand for sustainable and eco-friendly materials has boosted the market for calcium carbonate, particularly in applications such as paper, plastics, and coatings. In Europe, stringent environmental regulations and a strong emphasis on sustainability have propelled the demand for calcium carbonate as a preferred alternative to other mineral fillers. In the Asia Pacific region, rapid industrialization, urbanization, and population growth have fueled the demand for construction materials, plastics, and paper products, thereby contributing to the market growth of calcium carbonate.
The regional trends and factors influencing the Calcium Carbonate Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Calcium Carbonate Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 39.72 Billion |
| Market Size by 2031 | US$ 57.45 Billion |
| Global CAGR (2023 - 2031) | 4.7% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Calcium Carbonate Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Calcium Carbonate Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The calcium carbonate market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for calcium carbonate and strategies:
The “Calcium Carbonate Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: