Calcium Carbonate Market Key Findings, Size, and Share by 2031
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.
Calcium Carbonate Market Analysis
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 Market Overview
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.
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Calcium Carbonate Market: Strategic Insights
Market Size Value in US$ 36,777.24 Million in 2020 Market Size Value by US$ 52,556.64 Million by 2028 Growth rate CAGR of 4.7% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Calcium Carbonate Market: Strategic Insights
| Market Size Value in | US$ 36,777.24 Million in 2020 |
| Market Size Value by | US$ 52,556.64 Million by 2028 |
| Growth rate | CAGR of 4.7% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Calcium Carbonate Market Drivers and Opportunities
High Demand for Calcium Carbonate from the Paper Industry
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.
Strong Growth of the Building and Construction Industry
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.
Calcium Carbonate Market Report Segmentation Analysis
Key segments that contributed to the derivation of the calcium carbonate market analysis are type and application.
- Based on type, the calcium carbonate market is segmented into ground calcium carbonate and precipitated calcium carbonate. The ground calcium carbonate segment held a significant market share in 2023.
- By application, the market is segmented into paper, plastic, paints and coatings, adhesives and sealants, building and construction, and others. The paper segment held a significant share of the market in 2023.
Calcium Carbonate Market Share Analysis by Geography
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.
Calcium Carbonate Market Report Scope
Calcium Carbonate Market News and Recent Developments
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:
- Cimbar Resources, Inc., today announced it has completed its acquisition of the Calcium Carbonates manufacturing assets in Sahuarita, AZ, from Imerys Carbonates, USA Inc. (Source: CIMBAR RESOURCES, INC., Company Website/News/ 2022)
- Imerys today announces new capacity expansion and optimization investment in the Sylacauga (AL) plant, the Group’s largest site in North America. This investment, part of a three-year site plan to support the growing demand for ground calcium carbonate products, is also part of Imerys’ commitment to grow its business in the communities and regions where it operates. (Source: Imerys, Company Website/Media Room/ Press Release/ 2022)
Calcium Carbonate Market Report Coverage and Deliverables
The “Calcium Carbonate Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Precipitated Calcium Carbonate ); Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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