According to our latest market study on “Calcium Carbonate Market Forecast to 2028 – COVID-19 Impact and Global Analysis – Type [Ground Calcium Carbonate (GCC) and Precipitated Calcium Carbonate (PCC)] and Application (Paper, Plastic, Paints and Coatings, Adhesives and Sealants, Building and Construction, and Others),” the market was valued at US$ 36,777.24 million in 2020 and is projected to reach US$ 52,556.64 million by 2028; it is expected to grow at a CAGR of 4.7% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Calcium carbonate is a colorless, odorless, and tasteless crystalline compound, obtained naturally from limestone rock or can be manufactured by decomposing limestone to calcium oxide, followed by the process of subsequent re-carbonization. Further, the compound possesses a pH of above 6 and is extensively deployed in several commercial and industrial application bases. The demand for calcium carbonate is rising across adhesives and sealants, animal an pet feeds, construction, fertilizers, glass and ceramics, paint and surface coating, paper filler and coating pigments, plastics, and rubber & elastomers industries.
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Some of the companies competing in the Composites Market:
Cerne Calcium Company; GCCP Resources LTD; J M Huber Corporation; Imerys S.A.; Lafargeholcim; Minerals Technologies Inc.; Mississippi Lime Company; Okutama Kogyo Co., Ltd; Omya AG; and SCHAEFER KALK GMBH & CO. KG Company are among the well-established players operating in the global calcium carbonate market.
Paints and coatings are mainly used in construction projects for protection and decoration. These are also used in interior and exterior house paints, primers, sealers, and varnishes. Construction activities are increasing globally due to supportive government initiatives. Manufacturers in the paint and coating market are continuously introducing new, high-performance, and environment-friendly products. Calcium carbonate has a special white color that makes it a preferred pigment option in coating applications. It provides improved paint sheen, opacity, and wear resistance, among others. It is appropriate for the uppermost coats due to high gloss retention. Therefore, calcium carbonate is extensively being used in the paint and coating industry. Automotive industry is another segment generating high demand for paint and coating products, thereby fueling the calcium carbonate market growth.
Impact of COVID-19 Pandemic on Calcium Carbonate Market
The COVID-19 pandemic is disrupting the calcium carbonate market owing to the restricted raw material production; supply chain instability; hampered trade movements; and lowered construction, automobile, and paint and coatings demand. Various end-use industries such as paper, automotive, plastics, and building and construction generate significant demand for calcium carbonate. All these industries are facing business uncertainties amid the COVID-19 pandemic, which, in turn, is hindering the growth of calcium carbonate market. The paper industry is one of the worst affected industries due to the pandemic. Decrease in paper consumption from educational institutes, corporate offices, and newspapers and printing industry has negatively impacted on market growth. However, during the crises, the paper industry is witnessing the rising demand for paper for food packaging, hygiene paper products, corrugated packaging, and medical specialty papers. This growing demand is offering lucrative opportunities for the calcium carbonate market.
Also, the disruption in paints and coatings industry and decline in construction and automotive sectors have negatively impacted the growth of the calcium carbonate market. Many companies are facing challenges in running businesses, manufacturing operations, sales, logistics, and customer support services. However, as the economies are planning to revive their operations, the demand for calcium carbonate is expected to rise globally in the coming months. The rising importance of sustainability in building and construction activities would propel the demand for calcium carbonate in coming years. Effective measures taken by the government to improve the infrastructure, building and construction sectors. For instance, Aatmanirbhar Bharat, Saudi Vision 2030, and Asia-Pacific Vision 2050 are expected to generate the demand for calcium carbonate in the coming years.
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The report includes the segmentation of the global calcium carbonate market as follows:
Calcium Carbonate Market, by Type
- Ground Calcium Carbonate (GCC)
- Precipitated Calcium Carbonate (PCC)
Calcium Carbonate Market, by Application
- Paper
- Plastic
- Paints and Coatings
- Adhesives and Sealants
- Building and Construction
- Others
The scope of the Report:
The report segments the global Composites Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Composites Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
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