Calcium Carbonate Market is poised to grow at a Robust Pace by Increased Infrastructure Development

 

Calcium Carbonate Market

Calcium carbonate is a essential raw material used in construction and other industries. It is used as a white pigment in paints, coatings and paper. Calcium carbonate occurs both naturally and synthetically. Naturally calcium carbonate is extracted as limestone, chalk, marble and coal slag. Some key properties of calcium carbonate includes whiteness, brightness, acid resistance, UV stability and non-toxicity. These properties makes it ideal for use as filler and extender in many industrial applications. The rising demand for calcium carbonate from end use industries like paper, paints & coatings, plastics, construction and others is driving the overall market growth.

The Global Calcium Carbonate Market is estimated to be valued at US$ 46.40 Bn 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 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 paper, construction and paint & coatings industry is one of the major factors driving the Calcium Carbonate Market Demand. Calcium carbonate finds wide usage in paper industry as filler to improve paper qualities. Growing infrastructure activities globally is increasing the demand for construction materials like cement, concrete which in turn is augmenting the calcium carbonate consumption.

North America and Europe accounts for more than 50% share of the global calcium carbonate market owing to well established end use industries and high consumption rate in these regions. However, Asia Pacific market is expected to witness fastest growth over the forecast period with growing construction and manufacturing activities in countries like China and India.

Market Key Trends

Increased infrastructure development across major economies is one key trend that is fueling the growth of the calcium carbonate market. Government investments and construction of roads, bridges, commercial buildings are boosting the demand for cement and other construction materials. As calcium carbonate is a widely used in cement manufacturing as well as other construction applications, its market is forecasted to grow substantially supported by construction industry expansion. The growing emphasis on sustainability and use of eco-friendly materials is another trend leading manufactures to opt for natural minerals like calcite and marble as source of calcium carbonate over synthetic sources.

Porter's Analysis
Threat of new entrants: The calcium carbonate market requires high initial investments and is strongly influenced by few large players limiting opportunities for new entrants.

Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes and differentiated products from various manufacturers.

Bargaining power of suppliers: The market is dominated by few large suppliers who have significant influence on pricing and supply.

Threat of new substitutes: Substitutes like precipitated calcium carbonate and kaolin provide competition but calcium carbonate still holds an advantage due to better performance.

Competitive rivalry: The market is dominated by large international players and regional small players compete on pricing adding pressure.

Geographical Regions
North America accounts for the largest share in value terms due to sizeable construction and paints & coatings industries in the US & Canada. Growth in infrastructure projects is driving demand.

Asia Pacific region is forecast to be the fastest growing market led by China, India & Southeast Asian countries. Expanding construction, plastics and paper industries along with rising per capita income are factors for increased consumption.

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About Author

Priya Pandey, is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

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