Calcium Carbonate Market Size, Share & Trends Analysis Report By Application, By Region And Segment Forecasts From 2022 To 2030

Report ID: MN17613298  |  Published: October 2022  |  No of Pages: 110
Format: Electronic (PDF)  |  Industry: Chemicals & Materials

The global calcium carbonate market size is expected to reach USD 68.4 billion by 2030 and register a CAGR of 5.4% from 2022 to 2030. The calcium carbonate compound is naturally found in rocks and minerals, some of which include chalk, limestone, marble, aragonite, and calcite. It is used in its pure form or its naturally occurring state. It is predominantly used as a whitening agent, mineral filler, and alkalizing agent. The market demand is projected to rise owing to its widespread application in plastic and paper end-use industries.

The unprecedented onset of COVID-19 scaled the use of paper for the packaging and production of tissue papers. However, the COVID-19 outbreak also resulted in the temporary shutdown of numerous manufacturing sectors and resulted in a slight slump in the market growth in 2020. It was hampered by a slowdown in raw material production, supply chain instability, trade movement disruptions, and a decline in construction, paint, and coating activities. The demand for calcium carbonate is tied directly to industries that were witnessing business uncertainty amid the pandemic, including automotive, plastics, and building and construction.

Despite the dip in market growth amid the coronavirus outbreak, the demand for calcium carbonate in the paper industry remained significant. As per a 2020 report published by the American Forest & Paper Association, the paper and wood products industry in the U.S. recorded huge tissue production activities in February and March 2020. In March, the paper mills manufactured around 700 kilotons of tissue. Factors like increased hygiene concerns and persistent lockdowns resulted in panic buying and hoarding of sanitary and other cleaning products, thereby boosting the market growth.

The situation of market players remained volatile during the pandemic. For instance, LafargeHolcim, an established player, reported a 14% fall in profits during Q1 of 2020 due to the closure of construction sites. The company mines limestone and uses it to produce calcium carbonate and manufacture cement. LafargeHolcim had to temporarily halt its mining activities in March 2020 in certain areas of India; however, eventually, the operations were resumed after a couple of months as the government with the administration of social distancing norms and necessary hygiene conditions permitted mining activities. Similarly, several other market players have been impelled to adopt improved work regulations to combat the spread of COVID-19.

Calcium Carbonate Market Report Key Takeaways

  • Based on applications, the paper segment dominated the calcium carbonate market and captured a more than 40% revenue share in 2021. Calcium carbonate is predominantly used in increasing the opacity and brightness of paper
  • The paints and coatings application segment accounted for a significant market share in 2021 owing to its widespread applications in the construction sector
  • Geographically, Asia Pacific accounted for an overall share of 35% in 2021 and is projected to grow further grow during the forthcoming years
  • North America was the second-largest market in terms of revenue share in 2021 and is attributed to the emergence of industries such as DIY, packaging, and healthcare
  • The market is competitive with key players operating in sectors such as mining and processing facilities. The market is also driven by mergers & acquisitions, huge investments, and collaborations
  • Imerys acquired three production facilities from EDK in November 2019. (a leading Brazilian producer of GCC). The goal of the acquisition was to increase the former's product line for paint and coating applications while also increasing its footprint in South America


Calcium Carbonate Market 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.
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