According to a recent market analysis by Future Market Insights (FMI), the global calcium carbonate industry is projected to experience a significant growth rate with a 5.4% Compound Annual Growth Rate (CAGR) over the forecast period spanning from 2022 to 2032. This growth indicates promising prospects for the calcium carbonate industry in the coming years.
Calcium Carbonate is widely used in various Paints and Coatings applications. it is used as an agent to enhance gloss, as an additive, and rheology modifier in a wide range of applications. In addition, Calcium Carbonate is extensively used in the aqueous paint industry. It promotes good dispersion and improves luster. It is used in wall plastic powder and skims coat with a very high dosage as filling material and whiteness improvement.
Paints and Coatings has a significant application in the automotive, transportation, and construction sector, its product is used in infrastructure, and industrial applications and for the decoration of residential and non-residential buildings. The rising demand for paints and coating products for various end-use industries is one of the major drive to increase the Calcium Carbonate Market.
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In addition, the consumption of calcium carbonate in the Plastics industry is rising rapidly. Calcium carbonate is available around the world, it is compatible with a wide range of polymer resins, and is easy to grind these factors make its effective use in Plastic Industry. In the Propylene compound calcium carbonate is often used to increase rigidity, it provides opacity and surface gloss. Consumption of Calcium Carbonate is increasing with continuous demand for plastic products.
Moreover, stringent environmental regulations for Paints and coatings and the Plastic Industry are one of the major restraints for the calcium carbonate industry.
“Increasing demand for Paints and coatings products is expected to propel the market growth over the forecast period,” says an FMI analyst.
Key Takeaways:
- The global calcium carbonate industry is expected to attain a value of over US$ 41.4 Billion by the end of the forecast period growing at a CAGR of 4% over the forecast period.
- Rising demand for calcium carbonate for various applications in the paints and coating industry is expected to propel the growth of the market in recent years.
- Key players are focusing on increasing production capacity and expansion by setting up a new plants to cater to the growing demand of end-use industries
- Calcium carbonate is compatible with a wide range of polymer resins and is easy to grind making its effective use in Plastic Industry.
- Due to the presence of countries like China, the world’s largest calcium carbonate producer, East Asia is predicted to be the leading market in terms of calcium carbonate consumption.
Competitive Landscape
Imerys, Omya AG, Minerals Technologies Inc., Huber Engineered Materials, Mississippi Lime Company, Carmeuse, Sibelco, Midwest Calcium Carbonate, Calciner SA, Greer Limestone Company, LafargeHolcim, United States Lime & Minerals, Inc., Excalibar Minerals LLC, AGSCO Corp, Blue Mountain Minerals, GCCP Resources, GLC Minerals, LLC, ILC Resources, Mountain Materials, Inc., NALC, LLC and various others are the some of the key manufacturers of calcium carbonate profiled in the full version of the report.
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Calcium Carbonate Industry Segmentation
By Product Type:
- Ground Calcium Carbonate (GCC)
- Precipitated Calcium Carbonate (PCC)
By Application:
- Fillers
- Neutralizing Agents
- Construction Materials
- Dietary Supplements
- Desulfurization
- Additive
- Others
By End Use:
- Paper
- Plastic & Rubber
- Paints & Coatings
- Adhesives & Sealants
- Cement & Ceramics
- Agriculture
- Pharmaceuticals
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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