Calcium Carbonate Market is Poised to Surpass the Value of US$ 46.40 Billion by 2024 Owing to Rising Infrastructure Development Projects

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Calcium Carbonate Market is Poised to Surpass the Value of US$ 46.40 Billion by 2024 Owing to Rising Infrastructure Development Projects
Calcium carbonate is one of the most abundant natural minerals found in the earth's crust. It is widely used as a filler in the paper, plastic, rubber and paint industries owing to its high brightness andopacity.

Calcium carbonate is one of the most abundant natural minerals found in the earth's crust. It is widely used as a filler in the paper, plastic, rubber and paint industries owing to its high brightness andopacity. As a dietary supplement, calcium carbonate plays a crucial role in maintaining bone health and preventing disorders like osteoporosis. With rising investments in infrastructure development, the demand for construction chemicals and materials has witnessed substantial growth in the recent past. This in turn has provided a thrust to the calcium carbonate market.

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 of 2024 to 2031.

Rapid urbanization and industrialization in emerging economies has augmented the demand for building materials like cement, leading to an uptick in calcium carbonate consumption. Additionally, shifting consumer preferences towards packaged and processed foods have boosted the requirements for calcium carbonate as a food additive.

Key Takeaways

Key Players in the Calcium Carbonate Market

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. These leading manufacturers are focusing on capacity expansion and new product launches to strengthen their market position.

Key Opportunities in the Calcium Carbonate Market

The increasing use of calcium carbonate as an extender and filler in paints, rubber, plastics and paper is expected to open lucrative opportunities for market players. Moreover, growing awareness about nutritional deficiencies and bone health issues has augmented the consumption of calcium supplements, driving the sales of calcium carbonate. Significant investments in construction projects in Asia Pacific and Middle East are also projected to boost the market in the coming years.

Global Expansion in the Calcium Carbonate Market

Key calcium carbonate producers are focusing on expanding their global footprint through acquisitions and partnerships. In 2021, Imerys acquired S&B Industrial Minerals, strengthening its presence across Asia Pacific, Europe and North America. Similarly, various companies have enhanced their production capacities or set up new plants in fast developing markets like China, India and Latin America to better serve local industries.

Market Drivers:
- Rising infrastructure development projects across the globe: Surging construction activities on account of rapid urbanization, increasing investments in road, rail and building projects is the prime driver augmenting the global calcium carbonate market.
- Growing demand from paper industry: Calcium carbonate is extensively used as a filler material and coating agent in the paper industry. The rising paper production worldwide is fueling the market growth.

Market Restrains:
- Volatility in raw material prices: Fluctuating prices of key raw materials required for calcium carbonate production including limestone is a major challenge for market players.
- Stringent environmental regulations: Strict norms pertaining to mining and processing of calcium carbonate in many countries may limit the market expansion to some extent over the forecast period.

Segment Analysis

The calcium carbonate market is dominated by the ground calcium carbonate sub segment which accounts for over 60% of the total market share. Ground calcium carbonate finds wide applications in paper, plastic, rubber and paints & coatings industries owing to its fine particle size and high brightness. The fillers used in these industries need to have very fine particle sizes less than 10 microns for optimum properties and performance. Ground calcium carbonate perfectly meets these requirements which has propelled its use over other forms in these key end use industries.

Global Analysis

The Asia Pacific region dominates the global calcium carbonate market with a share of over 40%, led by China. The region is home to a robust construction and infrastructure development activities along with a booming plastic, paper and packaging industries. All these end use industries are major consumers of calcium carbonate. Additionally, the availability of raw materials and favorable policies have attracted several calcium carbonate producers to set up manufacturing base in the region. Europe follows next with a share of over 25% owing to developed markets of Germany, UK, Italy and France which are leading markets for paper, plastic and construction chemicals where calcium carbonate finds high consumption. North America accounts for over 20% share of the global market and witnessed steady growth on back of resurgence in oil & gas industry and infrastructure development activities in the recent years.

 

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