Calcium Carbonate Market Share, Growth, Trends | Report 2022-2030
The global calcium carbonate market size was estimated at around USD 42.6 billion in 2021 and it is projected to hit around USD 68.6 billion by 2030, growing at a CAGR of 5.44% from 2022 to 2030.
Calcium carbonate is a compound that is commonly found in rocks, such as limestone and dolomite. The product is extracted by quarrying or mining and is further processed to form Precipitated Calcium Carbonate (PCC) or Ground Calcium Carbonate (GCC).
The product is extensively used in various applications including paper, paints and coatings, food, health-related products, and building and construction materials. The COVID-19 pandemic impacted both the production and consumption of calcium carbonate. However, the demand is high in the healthcare market and related industries, mainly in the paper industry due to rising concerns regarding personal hygiene, which is boosting the demand for tissue papers.
The global market is highly competitive owing to the presence of numerous established players in the industry that are integrated across the value chain. In January 2021, Audax Private Equity announced the completion of the sale of Gabriel Performance Products to Huntsman Corporation. The competitive scenario is intense for the market as major players have reported losses during the first half of 2020. For example, Mineral Technologies reported a loss of 14.44% and Imerys reported a loss of 15.3% in their revenue for Q2 2020.
Scope of The Report
| Report Coverage | Details |
| Market Size in 2021 | USD 42.6 billion |
| Revenue Forecast by 2030 | USD 68.6 billion |
| Growth rate from 2022 to 2030 | CAGR of 5.44% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segmentation | Application, region |
| Companies Covered | AGSCO Corp.; Carmeuse; Blue Mountain Minerals; Carmeuse Lime & Stone Company; GCCP Resources; GLC Minerals, LLC; Greer Limestone Company; Gulshan Polyols Ltd.; ILC Resources; Imerys; J.M. Huber Corp.; LafargeHolcim; Midwest Calcium Carbonates; Mineral Technologies; Mississippi Lime; Mountain Materials, Inc.; NALC, LLC; Omya; Parchem Fine & Specialty Chemicals; The National Lime & Stone Company; United States Lime & Minerals, Inc. |
Application Insights
The paper segment emerged as the largest application segment in 2021 and accounted for a revenue share of over 40.0%. Calcium carbonate is added as a filler to the paper pulp or is applied as a coating pigment. Its addition enhances the brightness and opacity of the paper. Although the internet did impact the print media market, it did not restrict the demand for paper in other applications, such as packaging and tissue paper.
The current pandemic has compelled manufacturers to ramp up their production to cater to the rising consumer needs. For instance, in August 2020, Celulosa Argentina announced an increase in its production of paper packaging by 30%. The company’s focus was on the food industry as the demand surged in this sector. With the growth of the e-commerce sector and the growing usage of tissue papers, the paper application segment is anticipated to maintain its lead over the forecast period.
The paints and coatings segment emerged as the second-largest application segment in 2021. The product is used in several applications in the paints and coatings sector. It acts as an agent for reducing or enhancing gloss, as an extender, a rheology modifier, and as an additive for increasing density. Despite many uses, the product demand was impacted in this application segment in 2021 owing to a halt in the manufacturing operations, which disrupted the entire production and supply chain of the paints and coatings industry.
Although the production has resumed with ease in restrictions, the rising cases of COVID-19 and operations at minimal capacity are still matters of concern for the market players. Certain companies have adopted strategies to cope with this scenario. For instance, Asian Paints, a leading player in Asia, has launched a new range of products in the health and hygiene segment. The company is running a “Safe Painting Campaign” to boost its sales. In addition, the company has begun a “San Assure” service for sanitizing homes, workplaces, and shops. Such initiatives are anticipated to increase the demand for paints and coatings, thereby leading to market growth.
Regional Insights
Asia Pacific dominated the global market and accounted for a revenue share of more than 35.0% in 2021. The region is anticipated to expand further at a steady CAGR from 2022 to 2030 due to rising investments in the infrastructure development and manufacturing sector. However, due to the pandemic, the manufacturing operations and supply chain have been immensely impacted. Apart from China, all other major Asian countries have reported negative GDP growth for the second quarter of 2020.
Economies are putting in extra efforts for the proper functioning of operations in different sectors by maintaining essential protocols required during the pandemic. As the operations resume, certain industries have reported positive news; for instance, automotive sales in India went up in the past two months. In addition, the demand for paints and coatings and vehicles is anticipated to increase, which, in turn, will augment the demand for calcium carbonate.
North America was the second-largest regional market in 2021. Though the region has been severely impacted by the pandemic, the end-use industries of the market have begun their operations at minimal capacity considering the rise in consumer demand. Industries including medical, packaging and DIY are boosting the demand for products such as adhesives and paper, which is a positive sign for the market. For instance, in January 2021, Gabriel Performance Products (Gabriel) was acquired by Huntsman Corporation from Audax Private Equity. Gabriel is a North American specialty chemical producer of specialized epoxy curing agents and additives for the sealants, coatings, composites, and adhesives end markets.
The U.S. held the largest revenue share in the North American market in 2021 and is expected to maintain its lead over the forecast period. Considering the product demand in the country, companies are engaged in boosting their production capacities and expanding their presence in the country. For instance, in March 2020, Anglo Pacific Group PLC announced entering into a financing agreement with Incoa Performance Minerals LLC for funding the construction of a calcium carbonate-associated infrastructure in the Dominican Republic.
Key Players
Market Segmentation
Chapter 1.Introduction
1.1.Research Objective
1.2.Scope of the Study
1.3.Definition
Chapter 2.Research Methodology
2.1.Research Approach
2.2.Data Sources
2.3.Assumptions & Limitations
Chapter 3.Executive Summary
3.1.Market Snapshot
Chapter 4.Market Variables and Scope
4.1.Introduction
4.2.Market Classification and Scope
4.3.Industry Value Chain Analysis
4.3.1.Raw Material Procurement Analysis
4.3.2.Sales and Distribution Channel Analysis
4.3.3.Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Calcium Carbonate Market
5.1.COVID-19 Landscape: Calcium Carbonate Industry Impact
5.2.COVID 19 - Impact Assessment for the Industry
5.3.COVID 19 Impact: Global Major Government Policy
5.4.Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6.Market Dynamics Analysis and Trends
6.1.Market Dynamics
6.1.1.Market Drivers
6.1.2.Market Restraints
6.1.3.Market Opportunities
6.2.Porter’s Five Forces Analysis
6.2.1.Bargaining power of suppliers
6.2.2.Bargaining power of buyers
6.2.3.Threat of substitute
6.2.4.Threat of new entrants
6.2.5.Degree of competition
Chapter 7.Competitive Landscape
7.1.1.Company Market Share/Positioning Analysis
7.1.2.Key Strategies Adopted by Players
7.1.3.Vendor Landscape
7.1.3.1.List of Suppliers
7.1.3.2.List of Buyers
Chapter 8.Global Calcium Carbonate Market, By Application
8.1.Calcium Carbonate Market, by Application Type, 2020-2027
8.1.1.Paper
8.1.1.1.Market Revenue and Forecast (2016-2027)
8.1.2.Paints & Coatings
8.1.2.1.Market Revenue and Forecast (2016-2027)
8.1.3.Plastics
8.1.3.1.Market Revenue and Forecast (2016-2027)
8.1.4.Adhesives & Sealants
8.1.4.1.Market Revenue and Forecast (2016-2027)
8.1.5.Others
8.1.5.1.Market Revenue and Forecast (2016-2027)
Chapter 9.Global Calcium Carbonate Market, Regional Estimates and Trend Forecast
9.1.North America
9.1.1.Market Revenue and Forecast, by Application (2016-2027)
9.1.2.U.S.
9.1.3.Rest of North America
9.1.3.1.Market Revenue and Forecast, by Application (2016-2027)
9.2.Europe
9.2.1.Market Revenue and Forecast, by Application (2016-2027)
9.2.2.UK
9.2.2.1.Market Revenue and Forecast, by Application (2016-2027)
9.2.3.France
9.2.3.1.Market Revenue and Forecast, by Application (2016-2027)
9.2.4.Rest of Europe
9.2.4.1.Market Revenue and Forecast, by Application (2016-2027)
9.3.APAC
9.3.1.Market Revenue and Forecast, by Application (2016-2027)
9.3.2.India
9.3.2.1.Market Revenue and Forecast, by Application (2016-2027)
9.3.3.China
9.3.3.1.Market Revenue and Forecast, by Application (2016-2027)
9.3.4.Japan
9.3.4.1.Market Revenue and Forecast, by Application (2016-2027)
9.3.5.Rest of APAC
9.3.5.1.Market Revenue and Forecast, by Application (2016-2027)
9.4.MEA
9.4.1.Market Revenue and Forecast, by Application (2016-2027)
9.4.2.GCC
9.4.2.1.Market Revenue and Forecast, by Application (2016-2027)
9.4.3.North Africa
9.4.3.1.Market Revenue and Forecast, by Application (2016-2027)
9.4.4.South Africa
9.4.4.1.Market Revenue and Forecast, by Application (2016-2027)
9.4.5.Rest of MEA
9.4.5.1.Market Revenue and Forecast, by Application (2016-2027)
9.5.Latin America
9.5.1.Market Revenue and Forecast, by Application (2016-2027)
9.5.2.Brazil
9.5.2.1.Market Revenue and Forecast, by Application (2016-2027)
9.5.3.Rest of LATAM
9.5.3.1.Market Revenue and Forecast, by Application (2016-2027)
Chapter 10.Company Profiles
10.1.AGSCO Corp.
10.1.1.Company Overview
10.1.2.Product Offerings
10.1.3.Financial Performance
10.1.4.Recent Initiatives
10.2.Carmeuse
10.2.1.Company Overview
10.2.2.Product Offerings
10.2.3.Financial Performance
10.2.4.Recent Initiatives
10.3.Blue Mountain Minerals
10.3.1.Company Overview
10.3.2.Product Offerings
10.3.3.Financial Performance
10.3.4.Recent Initiatives
10.4.Carmeuse Lime & Stone Company
10.4.1.Company Overview
10.4.2.Product Offerings
10.4.3.Financial Performance
10.4.4.Recent Initiatives
10.5.GCCP Resources
10.5.1.Company Overview
10.5.2.Product Offerings
10.5.3.Financial Performance
10.5.4.Recent Initiatives
10.6.GLC Minerals, LLC
10.6.1.Company Overview
10.6.2.Product Offerings
10.6.3.Financial Performance
10.6.4.Recent Initiatives
10.7.Greer Limestone Company
10.7.1.Company Overview
10.7.2.Product Offerings
10.7.3.Financial Performance
10.7.4.Recent Initiatives
10.8.Gulshan Polyols Ltd.
10.8.1.Company Overview
10.8.2.Product Offerings
10.8.3.Financial Performance
10.8.4.Recent Initiatives
10.9.ILC Resources
10.9.1.Company Overview
10.9.2.Product Offerings
10.9.3.Financial Performance
10.9.4.Recent Initiatives
10.10.Imerys
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11.Research Methodology
11.1.Primary Research
11.2.Secondary Research
11.3.Assumptions
Chapter 12.Appendix
12.1.About Us
12.2.Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers