Calcium Carbonate Market Overview

“The Global Calcium Carbonate Market is expected to grow rapidly at a 5.26% CAGR consequently, it will grow from its existing size of from $31.78 billion in 2023 to $52.85 billion by 2030.”

What exactly is calcium carbonate?

Carbonate of calcium (CaCO3) chemical compound composed of one element of calcium, one from carbon, as well as three oxygen. It is the primary ingredient in limestone marble, chalk eggshells, bivalve shells and corals. Carbonate carbonate is usually white or a crystal that is colorless. If heated, it creates carbon dioxide and calcium oxide (also known as quicklime). Calcium carbonate is the molecular mass that is 100.1 grams in a mole.

Calcium carbonate can be found naturally, and in all three minerals in three types: calcite, the aragonite and vaterite. Calcite is the most popular type, is famous for its stunning development and the wide variety of crystals. The majority of calcite can be found in limestones. It is also the main element in marbles, travertines and calcite veins. They are the most common of the cave deposits numerous marbles, carbonatites, as well as certain veins bearing ore. Calcite is the most stable calcium carbonate in the highest pressures and temperatures.

Aragonite is an orthorhombic (i.e. it has three crystal axes at right angles each other) version that is calcium carbonate. Although it is often found in the natural environment, it is metastable at the temperature of room and pressure, and easily changes into the calcite. The hexagonal form of Vaterite of calcium carbonate is very uncommon and is transformed into aragonite, calcite, or both.

CaCO3 is a molecular formula which defines the mineral as transparent or white that is crystallized. Calcium carbonate (customary name - Calcite) consists of a calcium carbonate salt.

What are the main characteristics that are characteristic of calcium carbonate?

This inorganic compound exhibits the following chemical and physical characteristics:

• It is not soluble it is not soluble in water (when it is dissolved in water by carbon dioxide it changes to calcium carbonate i.e. : calcium bicarbonate),
• Calcium carbonate breaks down upon the heating process, and releases carbon dioxide and calcium oxide carbon dioxide (the thermal decomposition of calcium carbonate as well as the calcination process of calcium carbonate is possible at temperatures that exceed 800degC)
• It is able to react with acid (for example, the reaction of the calcium carbonate with the hydrochloric acid causes an explosive exhalation of carbon dioxide).

CaCO 3 is a compound. CaCO 3.is also utilized in the field of pharmacology. What exactly is it? Calcium carbonate from medical use, commonly referred to in the form of calcium carbonate is a medical product that is used to supplement calcium in the kidney, nervous system muscles joint and bone disorders.

Demand Outlook

The market was experiencing around4.5 percent to five percent inof year-over-year growth over the last few years, but due to the pandemic outbreak the overall performance has seen a decrease in demand.

However, an increase in the demand from industries that deal in pharmaceuticals and an increase in expenditure on infrastructure and construction industry has led to an increase in demand forecasts during the forecast time. The market is estimated to experience a growth percentage of 5.4 percentover the next assessment period.

The increase in the compounded annual rate of growth over the next few years is expected to increase the business opportunities for the top players. In order to get the maximal profit from the market, the major players are expanding their capacity for production and looking to integrate backward chains to lower production costs and improve efficiency in the supply chain.

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Market Dynamics

Growth Factors

The growing demand for paper arising from bundlers and other cleanliness-related products like tissue paper is an important growth driver for the market. However, the demand for items decreased in 2020, which is a result of the event that caused the Covid. The epidemic caused large closures around the globe which affected the overall economy in the majority of 2020. There is no need to worry about limitations in the last quarter of the year. Companies are investing more energy to complete their jobs and this is a good indicator of market growth.

The U.S. has been a prominent target for the product given its prominence from companies like paints and coatings as well as sealants and glues, and paper production. Paper is the most utilized segment of the market, as well as this is why the U.S. is among the top paper makers in the world. Despite the widespread pandemic that severely impacted the economic growth of the country, demand for calcium carbonate goes going strong, especially in the paper-making industry because of a growing emphasis on cleanliness.

The demand of calcium carbonate is affected by the instability of the store network as well as a blockage in the process of creating natural substances and exchange development slowing down along with a drop in vehicle, development as well as paint and coatings demand due to the COVID-19 virus. The demand for calcium carbonate is linked in a straightforward manner to various businesses which are noticing business risk like paper, plastics, car and development and building.

The decline in paper usage at schools, corporate workplaces and colleges, as well as printing companies and the paper industry have hindered the growth of the paper industry. However, the introduction of new classes like cleanliness papers including food bundling, medical specialty sheets or folded Bundling, have opened new opportunities to the business which has increased the demand for calcium carbonate, thereby decreasing the impact of the pandemic to the extent.

According to the American Forest and Paper Association The U.S. paper and wood products industry saw elevated levels of tissue production in February and March of 2020. In March, U.S. factories created around 700 kilograms of tissue during March. Things like lockdowns and other issues with cleanliness prompted alarm buying and storage of tissues as well as other items for cleaning and, thus, assisting the development of the market.

In spite of the demand for calcium carbonate, especially in the paper segment that market experienced declines in 2022 due to limited transport, a halt in the assembly of tasks for businesses that are not needed as well as the closing of mines in different locations. Some market participants have detailed negative trades and advantages for the major part of 2022.

As an example, LafargeHolcim, a coordinated player in the hunt of an increase of 14% in the first quarter of 2020, because of the pandemic, which caused construction locations shut down across the globe. The company mines limestone to produce calcium carbonate, and utilizes it to create concrete which is then taken care of by the development industry. The business had to cease mining activities on March 20, 2020, within Meghalaya, India because of lockdown, however the mining activities continued after two or three months when mining operations were approved by the state government, subject to the condition of social separation standards and proper cleanliness conditions.

Growth Drivers

“Growing interest from plastic and paper companies in APAC”

Calcium carbonate is a fundamental unrefined material for plastics and paper. The demand for paper is growing in APAC because advanced changes are slow to moderately. The growth in the financial markets of the countries that are not industrialized in APAC has led to an increase of the use of paper bundles.

China, India, and South Asian nations are the largest buyers of paper within the district. In addition, the rise of the online business sector across India as well as China has led to an increase in interest for Bundling systems that are layered. Bundling paper is also used in food-related ventures medical services, schooling, writing materials, as well as for individual attention. The variety of possibilities increase the demand for paper on the market.

The plastic industry in APAC is also expanding quickly. APAC is witnessing increasing demand for plastics in various applications such as bundling, automobile development, electrical gadgets, and other businesses. The growing use of plastics within these companies to serve a variety of purposes, including decreasing costs in bundling and development companies, reducing the weight of car parts and also as a covering for electronic products, is fueling the demand of calcium carbonate across APAC.

Challenges

“The paper industry is sagging due to the growing digitization”

The paper industry has been severely affected by the growing digitalization of media and electronic distribution. The global paper industry has been declining in the past few years due to the transition towards paperless correspondence and the use of computerized media in the majority of developed economies. The demand for newsprint paper has also significantly decreased in recent times due to supply problems.

The increasing use of computerized media is continually taking over paper, consequently reducing the demand for office paper or newsprint, and is declining approximately 5% every year. Because calcium carbonate is extensively used as a filler for hardcopy, and newspaper printing, and is used in endless paper bundling software as well as the growing digitalization serves as as a test for the market.

Opportunities

Possible applications In the present the calcium carbonate compound is extensively employed in the plastic, paper paints and coatings as well as sealants and cements industries. Furthermore is that there are several possibilities for the nano-sized calcium carbonate. Nano calcium carbonate has sparked attention from researchers, particularly in regards to useful applications.

Calcium carbonate-based substances possess biodegradable and biocompatible characteristics that make them ideal for use as a reliable transporter to transfer properties, proteins, and medicines.

The research is underway towards utilizing these nanoparticles for useful applications, such as being an antibacterial specialist as well as for delivering high-quality drugs for destroying diseased cells as well as for malignant growth drug conveyance. The potential applications of these nanoparticles offer a range of possibilities for the growth of the market for calcium carbonate from now on.

Market Segment Analysis

Type Insights

The calcium carbonate ground rule the type of fragment in the market with a value of more than 69.56 percent by 2022. The ground calcium carbonate can be usually utilized as a modern-day mineral. It is used in coatings and paints as well as paper and plastic fillers. GCC also tracks applications in concrete and may be transformed to calcium oxide or calcium hydroxide. It increases the pH of soils or in water, and can be used to eliminate the ignition gases.

In turn, the different positive properties of GCC are driving the growth of the item type segments. The precipitated calcium carbonate (PCC) is anticipated to be the most lucrative with a CAGR of over 4.3 percent. The various condition of PCC allows them to go through the process as a functional addition to adhesives, sealants plastic, inks, drug and nutraceuticals, which aids the growth of this sector.

End User

Plastics to be the fastest growing end-use market for calcium carbonate in the forecast time. This is due to the growing demand in calcium carbonate-supported polypropylene arising in the automotive industry and the capability for calcium carbonate improve characteristics of polymers and aid in a better dissemination of intensity.

In addition, the increasing use of plastics in various business ventures that require end-users such as bundling development and building, and hardware and electrical has increased the demand for plastics. These factors contribute to the growth of the calcium carbonate market within the plastic industry. The application of plastics is growing at a rate of 6.4 percent from 2023 to 2030.

The ongoing pandemic has forced makers to expand their product offerings to cater specifically for the growing demands of shoppers. In August of 2020, Celulosa Argentina declared an increase in the development of paper bundling of 30 percent. The company's focus was on the food industry as demand for this service exploded. With the growth of the internet-based business sector and the growing use for tissue paper, the segment is expected to maintain its growth over the forecast time.

Paints and Coatings section is the second largest application segment in 2022. It is used in several applications in the area of paints and coatings. It's an expert for reducing or enhancing shine, for extending and also as an additional ingredient to increase the thickness. Despite many reasons the product request was affected in the 2022 application phase as a result of an end to the assembly process that caused a disruption to the storage and presentation system of the coatings and paints industry.

While the development has been going on without a hitch but the growing instances of COVID-19 and the activities with a minimal limit remain concerns for market players. Certain companies have adopted methods to adjust to the current situation.

For instance, Asian Paints, a principal player in Asia has sent off an additional set of products in the cleanliness and wellbeing section. The company is running an "Protected Painting Campaign" to aid in its sales. In addition, the organization has also launched the "San Assure" administration for disinfecting workplaces, houses as well as shops. The drives are anticipated to boost interest in coatings and paints, thereby stimulating market development.

Competitive Landscape of the Calcium Carbonate Market

• Imerys
• Omya AG
• Minerals Technologies Inc.
• Huber Engineered Materials
• Mississippi Lime Company
• Carmeuse
• Sibelco
• Midwest Calcium Carbonate
• Calcinor SA
• Greer Limestone Company
• LafargeHolcim
• United States Lime & Minerals, Inc.
• Excalibar Minerals LLC
• AGSCO Corp
• Blue Mountain Minerals
• GCCP Resources
• GLC Minerals, LLC
• Others

Recent Developments in Calcium Carbonate Market

Effective January 1, 2023, Mississippi Lime Company (“MLC”) will increase prices for Quicklime, Hydrated Lime, Dolomitic Lime, Specialty, and Calcium Carbonate products up to 35%, subject to contractual obligations.

August 2022: Cimbar Resources Inc. announced that it had completed acquisitions of Imerys Carbonates USA Inc.'s calcium carbonate manufacturing assets in Sahuarita, Arizona, United States, in a bid to broaden its portfolio and to support its goal of providing a variety of products to customers from multiple locations.

May 2022: Omya Inc. and its affiliates announced that it would increase prices on all calcium carbonate products by a minimum of 9%, effective November 1, 2022. This price increase is a result of cost escalation in energy, quarrying, and chemicals that the company experienced in the United States and Canada throughout 2022.

April 2022: Imerys announced plans to expand its calcium carbonate production capacity at the Sylacauga plant, North America, as a part of its three-year site plan to support the growing demand for ground calcium carbonate (GCC) products.

ITOCHU Corporation, a Japanese corporate group corporation, entered into a strategic collaboration with Australia-based Mineral Carbonation International and Taisei Corporation Company, Ltd., both of which have mineral carbonation technologies.

In 2022, Huber Engineered Materials announced that it will acquire Nutri Granulations, the company that manufactures USP grade and food-grade calcium carbonate.

In November 2018, Omya AG launched new calcium carbonate under the brand name Omya Smartfill 55-OM for use in biopolymers. The new product is designed particularly to be used as filler material for polylactic acid.

 In June 2018, Omya AG launched a new generation of recrystallized mineral particles Omya Skin for cosmetic applications.

Regional Insights

APAC will outsmart the market for calcium carbonate within the timeframe of estimate. The growth of the APAC region can be attributed to the growing interest in calcium carbonate from various industries that use it for end-uses like plastic, paper sealants and glues, as well as coatings and paints. In any event, as a result of the pandemic assembly tasks and the production system are severely affected. In addition to China the remaining major Asian nations have shown negative GDP growth in the second quarter of 2022.

Economic economies are investing extra amounts of energy in order to support the operation of various regions, while keeping in line with the basic conventions anticipated during the outbreak. While the battle continues some ventures have made positive developments, for instance automobile sales in India increased in the past two months. Furthermore, the demand for coatings, paints and vehicles is likely to grow in the coming months, which will boost the demand for calcium carbonate.

North America held the second place in 2022. But, since the region is being severely affected by the pandemic. The end-user companies that make up the majority of this market begun the activities of their customers at a low level due to the increase in buyer interest. Businesses like bundling, clinical and DIY are boosting to increase the demand for certain products, such as paper and cement which is a good indication for the market.

In 2022, the U.S. held the biggest income share of the North American market in 2022 and is expected to maintain its leading position throughout the time. In light of the demand in the country and the increasing interest in encouraging their creation limits and increasing their presence within the nation. For instance in March 2020, Anglo Pacific Group PLC declared that it would enter into a supporting agreement along with Incoa Performance Minerals LLC for aiding the development of an associated calcium carbonate framework in the Dominican Republic.

Segments Covered in the Calcium Carbonate Market

Calcium Carbonate Market By Product Type

• Ground Calcium Carbonate (GCC)
• Precipitated Calcium Carbonate (PCC)

Calcium Carbonate Market By End Use

• Paper
• Plastic
• Paints & Coatings
• Adhesives & Sealants
• Others (rubber, environment, pharmaceutical, cosmetic, food, oil & gas, and others)

Calcium Carbonate Market By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)

Frequently Asked Questions:

What is the current size of calcium carbonate market?

The Global Calcium Carbonate Market is expected to grow rapidly at a 5.26% CAGR consequently, it will grow from its existing size of from $31.78 billion in 2023 to $52.85 billion by 2030.

Who are the prominent players operating in the calcium carbonate mark

The major players operating in the calcium carbonate market are 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.

Which are the driving factors of the calcium carbonate market?

Increasing interest from paper and plastic businesses is the primary driving factors of the calcium carbonate market.

Which region will lead the global calcium carbonate market?

Asia Pacific region will lead the global calcium carbonate market during the forecast period 2023 to 2030.