Key Market Overview:
Calcium Carbonate market size was worth USD 23.78 Billion in 2022 and is expected to surpass USD 35.52 Billion by 2030, growing at a CAGR of 5.9% during the forecast period (2023-2030).
Calcium carbonate, also known as calcite, is an inorganic chemical compound, which seems as a crystalline mineral that appears white or transparent. The chemical is composed of a calcium salt of carbonic acid and has low solubility in water. Calcite is poorly soluble in water, which reacts with carbon dioxide to transform into calcium acid carbonate or calcium bicarbonate. Further, the calcium carbonate also decomposes after being heated to temperatures above 800°C and releases calcium oxide and carbon dioxide. Additionally, the vigorous reaction of the calcite with acids such as hydrochloric acid results in the release of carbon dioxide.
However, calcium carbonate is a highly versatile mineral that finds major applications based on the level of purity, granule size, and method of processing. One such major application is the construction industry. Rising rate of construction activities in developed and developing countries boosts the application of calcium carbonate, thus driving the market growth of the product. For instance, as per the statistics reported by Statista, the construction industry in the United States had an estimated value of approximately USD 1.6 trillion in 2021.
Calcium Carbonate Report Coverage:
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||35.52 Billion|
|CAGR (2023-2030)||5.9 %|
|By Type||Ground Calcium Carbonate (GCC), Precipitated Calcium Carbonate (PCC)|
|By Grade||Industrial Grade, Food Grade|
|By Application||Lime & Cement Production, Plastics, Paper, Paints, Adhesives & Sealants, Building Materials, Water & Wastewater Treatment, Food Ingredient (Breakfast Cereal, Baking Powder, Fortified Beverages, Crisps & Cookies, Wine, Others (Pastries, Chewing Gums, Some Breadstuffs) Cosmetic Ingredient (Toothpastes, Eye shadows, Cosmetic Foundations, Face Powders, Others) Tablet & Supplement Formulation, Animal Feed, Ceramic Production, Glass Production, Others|
|By End Use Industry||Construction Industry, Food & Beverage Industry, Cosmetics & Personal Care Industry, Agriculture & Animal Husbandry Industry, Paper & Pulp Industry, Pharmaceutical Industry, Paints & Coatings Industry, Polymer Industry, Ceramics Industry, Glass Industry, Water Treatment Industry, Others (Steel Industry, Sugar Industry, Oil & Gas Industry)|
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey]
- North America [United States, Canada, Mexico]
- Middle East & Africa [GCC, North Africa, South Africa]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
|Key Players||Imerys S.A., Mississippi Lime Company, Omya AG, Minerals Technologies Inc., Carmeuse, Okutama Kogyo Co., Ltd., Maruo Calcium Co. Ltd. (Japan), GLC Minerals, Provencale SA, Calcinor|
High demand from the construction industry for usage in concrete, cement, and other building materials to improve strength and encourage self-compacting properties of such materials boosts the market growth. Moreover, favorable preference for appealing paints and coatings among the population also boosts the market demand. The factor attributing to such preference is the function of calcium carbonate as an extender, a gloss enhancer and reducer, a rheology modifier, and densifying additive, which adds to the overall texture and outlook of paints on surfaces.
Strict imposition of environmental regulations on the extraction of calcium carbonate from limestone and marble quarries limits market growth. Further, the presence of alternatives such as talc, kaolin, and titanium dioxide with similar properties also hampers the calcium carbonate market growth.
The emerging adoption of paper as an environment friendly alternative to conventional plastic packaging is anticipated to offer lucrative opportunities for market growth due to the usage of calcium carbonate as filler material in paper and packaging products. Also, the scope of technological advancements in terms of nano-sized calcium carbonate is estimated to create opportunities for market statistics.
Calcium Carbonate Market Segmentation:
The type segment is divided into Ground Calcium Carbonate (GCC) and Precipitated Calcium Carbonate (PCC). The Ground Calcium Carbonate (GCC) segment accounted for largest share contribution to the market growth in 2022. Favorable demand as roofing, flooring, and other building material due to properties such as high durability, consistent particle color and size, and wide range of availability at affordable costs supports the demand for GCC calcium carbonate. Furthermore, the Precipitated Calcium Carbonate (PCC) segment is also estimated to support market growth in terms of value and volume. The major factor attributing to the segmental growth is non-toxicity, which has been affirmed by the Food and Drug Administration (FDA) in the U.S. Thus, the growing adoption of paper packaging for food products is expected to boost the demand for such PCC as an indirect additive in paper products to improve durability.
The grade segment is separated into industrial grade and food grade. The industrial grade segment is anticipated to contribute substantial shares to the market growth during the forecast period. The large-scale usage of calcite as coating pigment, affordable filler, and extender in industrial applications such as paper, paints & coatings, and plastics supports the segmental growth due to the intense demand of such applications for further product developments or outputs. Moreover, the food-grade segment is also expected to support the calcium carbonate market growth in terms of volume. Major demand for calcite as raising agents, texturizing, anti-caking, acid regulators, anti-stick coatings, bulking agents, or thickeners supports the adoption of food-grade calcium carbonate as food additives.
The application segment is categorized into lime and cement production, plastics, paints, paper, adhesives and sealants, building materials, water and wastewater treatment, food ingredient, cosmetic ingredient, tablet & supplement formulation, animal feed, ceramic production, glass production, and others. The paper segment contributed the highest shares over 42.3% in 2022. High usage of Ground Calcium Carbonate (GCC) and Precipitated Calcium Carbonate (PCC) utilized in paper production as fillers and coatings due to the ability to serve as affordable substitutes for fibers and titanium dioxide (TiO2) in the papermaking process supports the segmental growth. Also, the paints segment is projected to witness the fastest CAGR during the forecast period. Rising usage of calcite in paint formulations to stabilize pH during decomposing process and prevent external changes by harsh weather, which ultimately results in cost savings, is anticipated to support segmental growth.
By End Use Industry
The end-user segment comprises the construction industry, food and beverage industry, cosmetics and personal care industry, agriculture, and animal husbandry industry, paper industry, pharmaceutical industry, paints and coatings industry, polymer industry, ceramics industry, glass industry, water treatment industry, and others. The pharmaceutical industry is projected to contribute significant shares to the market growth during the forecast period. Favorable administration of calcium carbonate as a calcium supplement, antacid, and phosphate binder is projected to support the segmental growth in terms of the growing rate of acid reflux, heartburns, and indigestion among the population, which create risks for other serious ailments. Further, the construction industry is expected to witness the fastest CAGR during the forecast period. Preference for calcite within the construction industry as strong and long-lasting binders due to the ability to withstand both outdoor and indoor conditions and high insolubility in water is expected to support the demand for such calcite within the industry as a critical component in the production of masonry and for plastering mortar.
The regional segment includes Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Asia Pacific dominated the market presence with over 35.7% in 2022. Growing infrastructural developments and high demand from the construction industry for cement, mortar, and other construction materials in countries such as China, India, and Indonesia fuels the demand for calcium carbonate in the Asia-Pacific region.
Furthermore, North America is estimated to support the market statistics in terms of volume. Favorable adoption of calcium carbonate as a filler and reinforcement agent in plastics used in various products such as automotive parts, toys, and packaging is expected to propel the market statistics in the North American region.
Calcium Carbonate Market Competitive Landscape:
The market of calcium carbonate is a rapidly growing industry that is focused on innovation and sustainability. The heavy investments in research and development, especially by established market players, to improve the quality and performance of their products, as well as developing new applications. Businesses also adopt sustainable production practices for the reduction of energy consumption, minimized waste, and effective usage of renewable resources. Listed are market players that operate in the latest market environment–
• Imerys S.A.
• Mississippi Lime Company
• Omya AG
• Minerals Technologies Inc.
• Okutama Kogyo Co., Ltd.
• Maruo Calcium Co. Ltd. (Japan)
• GLC Minerals
• Provencale SA
• In April 2022, Imerys, a multinational company, announced the latest investment plan to expand and optimize the capacity of their Sylacauga plant, which is located in Alabama. The plant is recognized as the companys largest site in North America. The investment was initiated to meet the increasing demand for Ground Calcium Carbonate products and expansion of the business within the communities and operating regions for a minimum three-year period.
• In August 2022, Omya announced the immediate imposition of extra surcharges on Calcium Carbonate products in Europe due to disruption and uncertainty faced by the European energy markets. Such announcement is expected to result in record-high prices for electricity and gas.
• In March 7, 2023, Mississippi Lime Company, a global manufacturer of high-calcium lime products and technical solutions, successfully obtained the certification verifying that all the business operations related to food-grade products comply with the standards set by FSSC 22000, a food safety management system acknowledged by the Global Food Safety Initiative (GFSI). Such certification is expected to boost sales of the company product line called VitaCal® Food-Grade Calcium Hydroxides and Oxides.