Calcium Carbonate Market Sluggish Growth Rate Foreseen by 2024-2031
The global calcium carbonate market is estimated to grow at a CAGR of 3.5% during the forecast period. Some pivotal factors accelerating the market growth include a significant application in the plastics and paper industry and the cost-effectiveness of calcium carbonate. As a mineral filler, calcium carbonate is extensively utilized in the plastics industry. The use of calcium carbonate in rigid packaging has significantly increased over the years. As a resin extender, the incorporation of calcium carbonate in the plastics industry has been demonstrated to support improved processing, increased performance, and improved sustainability of the finished part. As a plastics additive, calcium carbonate is 100% FDA approved, which supports versatility among applications in critical areas such as medical packaging, food packaging, and foodservice packaging markets.
Calcium carbonate powder has
applications across polyvinyl chloride (PVC) pipes, footwear, cables, leather,
flooring, and more. Specialized grades of calcium carbonate are utilized in the
manufacturing of tensile and rigid PVC pipes. These are used as fillers to
finish the impact strength of plastics. Growing plastics industry owing to its
potential demand across several end-use industries such as construction,
automobile, and electrical and electronics. As per the PlasticsEurope, the
European plastics industry generated a turnover of over $413.3 billion in 2018.
The industry had a positive trade balance of over $17.2 billion in 2018. The
growth in the plastics industry is in turn driving the adoption of calcium
carbonate to improve gloss finish and tensile strength of plastic
materials.
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Calcium Carbonate Market Segmentation
By Type
·
Ground Calcium Carbonate
·
Precipitated Calcium Carbonate
By End-User Industry
·
Paper
·
Adhesives and Sealants
·
Plastics
·
Paints and Coatings
·
Construction
·
Others
A
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Regional Analysis
North America
· United
States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest
of Europe
Asia-Pacific
· India
· China
· Japan
· South
Korea
· Rest
of APAC
Rest of the World
Company Profiles
·
ACCM
·
Agsco Corp.
·
Blue Mountain Minerals
·
Calchem Industries, Ltd.
·
Calcinor Servicios S.A.
·
Carmeuse
·
Chemical & Mineral Industries Pvt.
Ltd.
·
Fujian Sanmu Nano Calcium Carbonate Co.,
Ltd.
·
GLC Minerals, LLC
·
Greer Industries, Inc.
·
Gulshan Polyols, Ltd (GPL)
·
Imerys S.A.
·
J.M. Huber Corp.
·
Kerford Limestone
·
LafargeHolcim, Ltd.
·
Lhoist Group
·
Maruo Calcium Co. Ltd.
·
Minerals Technologies, Inc.
·
Mississippi Lime Co.
·
Mountain Minerals and Microns, Ltd.
·
Newpark Resources, Inc.
·
Okutama Kogyo Co., Ltd.
·
Omya International AG
·
Parchem Fine & Specialty Chemicals
·
Provale Holding S/A
·
Schaefer Kalk Sdn Bhd
·
SCR Sibelco N.V.
·
Shiraishi Kogyo Kaisha, Ltd.
·
United States Lime & Minerals, Inc.
·
US Aggregates
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