The global calcium carbonate market was valued at USD 47.53 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2030. A primary driver of market growth is the escalating demand for paper products, particularly those associated with hygiene, such as tissue paper, and packaging applications. However, the outbreak of the coronavirus led to a decline in product demand in 2020. The pandemic resulted in widespread global shutdowns, significantly impacting the worldwide economy during the first half of 2020. As restrictions eased in the second half of the year, companies intensified efforts to resume operations, signaling positive prospects for market growth.
The United States has emerged as a prominent destination for calcium carbonate, driven by substantial demand from industries including paints and coatings, adhesives and sealants, and paper manufacturing. The paper segment constitutes the largest application within the market, and the U.S. ranks among the world's leading paper manufacturers. Despite the pandemic's significant impact on the nation's economy, demand for calcium carbonate persists, particularly within the paper production sector, fueled by a growing emphasis on cleanliness.
Gather more insights about the market drivers, restrains and growth of the Calcium Carbonatea Market
Type Segmentation Insights
The ground calcium carbonate (GCC) segment was the dominant force in the market in 2023, accounting for a substantial 68.70% revenue share. This growth can be attributed to several factors:
• Affordability: GCC powder is relatively inexpensive compared to other inorganic powders.
• Superior Properties: It boasts excellent whiteness, inertness, incombustibility, and low oil- and water-adsorption properties.
• Enhanced Performance: It is widely used in polymer composites to improve physical properties and workability.
• Cost Reduction: Replacing expensive resins with affordable GCC fillers can significantly reduce the cost of polymer composites.
Precipitated calcium carbonate (PCC) is another segment experiencing rapid growth. It is a versatile substance derived from lime, finding applications in various industries:
• Production Process: PCC is manufactured by hydrating high-calcium quicklime and reacting the resulting slurry with carbon dioxide.
• Key Properties: The finished product is bright white with a homogeneous and narrow particle size distribution.
• Customizable Properties: PCC is available in diverse crystal morphologies and sizes, allowing for tailored performance in specific applications.
• Wide-ranging Applications: PCC is used in numerous industries, including food & beverages, pharmaceuticals, rubbers, PVC/plastics, paints, adhesives & sealants, thermal & electrical
insulators, and paper manufacturing.
• Cost-effective Solution: It serves as a cost-effective substitute for additives and wood pulp in high-quality paperboard and paper production.
Order a free sample PDF of the Calcium Carbonatea Market Intelligence Study, published by Grand View Research.
