April 13, 2024
Calcium Carbonate market

Calcium Carbonate Market to Witness Rapid Growth Due to Rising Demand from Paper Industry

Calcium carbonate is an important inorganic compound widely used as a filler in the paper, paint and plastic industries. It adds bulk and smoothness to the end product. The compound is derived from natural sources such as limestone, shells and chalk. As a mined mineral, it is found underground in caverns and cavities. It is also produced commercially by grinding limestone or shells. Calcium carbonate offers advantages like excellent opacity and brightness to coated papers.

The global calcium carbonate market is estimated to be valued at US$ 46.40 billion in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period from 2024 to 2031.

Key Takeaways
Key players operating in The Calcium Carbonate Market are ILC Resources, Imerys, J.M. Huber Corp., LafargeHolcim, Midwest Calcium Carbonates, Mineral Technologies, Mississippi Lime, Mountain Materials, Inc., Omya, Parchem Fine & Specialty Chemicals, The National Lime & Stone Company, United States Lime & Minerals, Inc., AGSCO Corp., Carmeuse, Blue Mountain Minerals, Carmeuse Lime & Stone Company, GCCP Resources, GLC Minerals, LLC, Greer Limestone Company, and Gulshan Polyols Ltd. The key opportunities in the market include rising demand from the paper industry and investments in R&D to develop lightweight calcium carbonate with high filling properties. Geographically, Asia Pacific dominates the global market owing to major paper producing countries like China and presence of key players in the region. However, North America and Europe are also showing high growth potential.

Market Drivers
The major market driver for calcium carbonate is the rising demand from the paper industry. Calcium carbonate is widely used as a filler in the paper manufacturing process to brighten colors and provide strength and smoothness to paper surfaces at low cost. According to estimates, over 15 million tons of ground calcium carbonate is used annually in the paper industry. The growth of the e-commerce industry and packaging materials is another key factor boosting the demand. Moreover, investments by leading players in R&D to produce lightweight grades of calcium carbonate are accelerating the market growth.

PEST Analysis
Political: The calcium carbonate market is positively influenced by supportive governmental policies and regulations related to environmental protection and sustainable mining practices. These support the growth of construction and paper industries that are major end-users of calcium carbonate.

Economic: A stable global economy favoring infrastructure development, real estate growth, and higher consumption supports the rising demand from key end-use industries like paper, plastic, and construction. This drives the revenue generation in the calcium carbonate market.

Social: Rising consumer demand for packaged foods, cosmetics, and pharmaceutical products boost the market. Also, increasing investments in infrastructure development across regions augment the demand for construction materials incorporating calcium carbonate.

Technological: Recent advancements in mining techniques enable efficient extraction of calcium carbonate from underground deposits. New applications in specialty papers, paints, and advanced materials through nanotechnology further support the market growth.

Concentration by Geographical Regions

The Asia Pacific region represents the largest and fastest growing geographical market for calcium carbonate in terms of value. Countries like China, India, Indonesia, and Japan are major producers and consumers due to a well-established construction industry and a significant manufacturing sector. Europe and North America also account for sizable shares led by Germany, France, the UK, and the US.

Fastest Growing Region

The Asia Pacific region is expected to remain the fastest growing regional market during the forecast period. Rapid urbanization, growing infrastructure investments, and expansion of end-use industries in developing countries are driving the calcium carbonate demand. Additionally, easy availability of raw materials and regulatory support for mining in countries like China and India make Asia Pacific highly lucrative for market players.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it