The calcium carbonate market is used in a wide range of applications including paper, plastic, rubber, paints & coatings and construction materials. Calcium carbonate acts as a filler material to improve the properties of finished products. In the construction industry, calcium carbonate is used in cement, mortar, stucco and concrete as it enhances workability, water retention and mechanical strength of structures. The global construction spending has witnessed significant growth over the past few years due to rapid urbanization, growing infrastructure development and increasing investments in commercial and residential projects. This rise in construction activities has augmented the demand for cement, concrete and other construction materials wherein calcium carbonate plays a key role.
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 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 growing demand from the construction industry has been driving the calcium carbonate market in recent years. Rapid urbanization has led to increasing investments in housing, commercial buildings, infrastructure and other construction projects. This has augmented the consumption of cement, concrete and other construction materials where calcium carbonate is used as a filler and additive.
Geographically, the Asia Pacific region dominates the global calcium carbonate market and the trend is expected to continue over the forecast period. This is mainly attributed to high economic growth, flourishing construction activity and rising manufacturing sector in the region. China represents the largest producer and consumer of calcium carbonate globally owing to sizeable construction and manufacturing industries.
Market drivers: The main driver influencing the demand for calcium carbonate is growth in the construction industry globally. Rising population coupled with rapid urbanization has increased investments in residential and commercial real estate. This has augmented the construction of buildings, roads, bridges and other infrastructure projects requiring large volumes of cement, concrete and other construction materials wherein calcium carbonate is used. The strong outlook for the global construction industry especially in developing nations is expected to drive the consumption of calcium carbonate over the next few years.
The Calcium Carbonate Market is experiencing significant changes owing to geopolitical instabilities around the world. The ongoing Russia-Ukraine conflict is impacting global trade and supply chains. Europe which is a major market for calcium carbonate has been affected severely. The prices of calcium carbonate have risen sharply in 2022 affecting its demand from important end-use industries like paper, paints & coatings etc. The conflict has disrupted land and sea routes pushing up freight and logistics costs. It is likely to delay projects and investment decisions impacting near to medium term growth in the region.
On the other hand, countries like India and China are witnessing positive demand drivers. Both nations are pursuing infrastructure development aggressively to boost economic recovery in the post pandemic era. Mega projects across roads, railways, housing and commercial real estate will augment the consumption of calcium carbonate which is used widely in construction. Governments are focusing on improving connectivity between cities through high speed rail and metro networks. This presents new avenues for calcium carbonate producers to expand in Asia Pacific.
In terms of value, North America holds the largest share in the calcium carbonate market. Well established end-use industries, stable political environment and high per capita income support continued growth. Within the region, the United States accounts for majority of demand. Abundant limestone reserves and advanced mining technologies provide it a competitive advantage. The market is also concentrated in Western Europe led by Germany, Italy and France.
On the other hand, the Middle East & Africa region is emerging as the fastest expanding market for calcium carbonate globally. Economic diversification away from oil along with large scale mixed-use real estate projects especially in Gulf countries are driving volumes. Initiatives like China’s Belt and Road Initiative have enhanced connectivity boosting trade within the region and with Asia. This has opened up new end-users besides traditional applications thereby accelerating the market expansion.
The current geopolitical disruptions have complicated the outlook for the calcium carbonate market globally in the short term. While China and India still promise healthy growth supported by infrastructure push, high inflationary pressures and supply chain issues pose challenges. Proactive strategizing will be needed to tap opportunities in expanding regions while reviewing dependence on high risk areas. Technology led productivity improvements and sustainability practices can aid business resilience over the longer term.
Get More Insights On Calcium Carbonate Market
Calcium carbonate is composed of three elements which are of particular importance for all organic and inorganic material on our planet: carbon, oxygen and calcium.
Calcium carbonateCalcium carbonate is usually marketed under two forms, Ground Calcium Carbonate (GCC) and Precipitated Calcium Carbonate (PCC).
GCC is mainly produced from the physical grinding of limestone while PCC is got from the chemical synthesis.
Between the two forms, GCC is the most widely used one and contributed 72.87% share in 2017 globally.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-synthetic-calcium-carbonate-2019-2024-777According to this study, over the next five years the Synthetic Calcium Carbonate market will register a 2.1% CAGR in terms of revenue, the global market size will reach US$ 14900 million by 2024, from US$ 13400 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Synthetic Calcium Carbonate business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of Synthetic Calcium Carbonate market by product type, application, key manufacturers and key regions and countries.This study considers the Synthetic Calcium Carbonate value and volume generated from the sales of the following segments:Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.GCCPCCSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.Paper IndustryPlastic IndustryPaints & Coatings IndustryAdhesives & SealantsOthersThis report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaAustraliaEuropeGermanyFranceUKItalyRussiaSpainMiddle East & AfricaEgyptSouth AfricaIsraelTurkeyGCC CountriesThe report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.The key manufacturers covered in this report: Breakdown data in in Chapter 3.Minerals TechnologiesOmyaImerysHuber Engineered MaterialsCalcium ProductsAPPFimatecBihoku Funka KogyoShiraishiMaruo CalciumMississippi LimeOKUTAMA KOGYOSchaefer KalkCales de LliercaCalchemIn addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole.
It also analyzes key emerging trends and their impact on present and future development.Research objectivesTo study and analyze the global Synthetic Calcium Carbonate consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of Synthetic Calcium Carbonate market by identifying its various subsegments.Focuses on the key global Synthetic Calcium Carbonate manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Synthetic Calcium Carbonate with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the consumption of Synthetic Calcium Carbonate submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.Get the Complete Report & TOC @ https://www.grandresearchstore.com/chemicals-and-materials/global-synthetic-calcium-carbonate-2019-2024-777Table of content2019–2024 Global Synthetic Calcium Carbonate Consumption Market Report1 Scope of the Report1.1 Market Introduction1.2 Research Objectives1.3 Years Considered1.4 Market Research Methodology1.5 Economic Indicators1.6 Currency Considered2 Executive Summary2.1 World Market Overview2.1.1 Global Synthetic Calcium Carbonate Consumption 2014–20242.1.2 Synthetic Calcium Carbonate Consumption CAGR by Region2.2 Synthetic Calcium Carbonate Segment by Type2.2.1 GCC2.2.2 PCC2.3 Synthetic Calcium Carbonate Consumption by Type2.3.1 Global Synthetic Calcium Carbonate Consumption Market Share by Type (2014–2019)2.3.2 Global Synthetic Calcium Carbonate Revenue and Market Share by Type (2014–2019)2.3.3 Global Synthetic Calcium Carbonate Sale Price by Type (2014–2019)2.4 Synthetic Calcium Carbonate Segment by Application2.4.1 Paper Industry2.4.2 Plastic Industry2.4.3 Paints & Coatings Industry2.4.4 Adhesives & Sealants2.4.5 Others2.5 Synthetic Calcium Carbonate Consumption by Application2.5.1 Global Synthetic Calcium Carbonate Consumption Market Share by Application (2014–2019)2.5.2 Global Synthetic Calcium Carbonate Value and Market Share by Application (2014–2019)2.5.3 Global Synthetic Calcium Carbonate Sale Price by Application (2014–2019)CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
