Calcium Carbonate Market 2030: The Role of Hygiene Products
Calcium Carbonate Market Size & Trends
The global calcium carbonate market size was estimated at USD 47.53 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2030. Increasing demand for paper from hygiene-related products like tissue paper and packaging applications is a major growth driver for the market. However, the product demand witnessed a decline in 2020 owing to the outbreak of the coronavirus. The pandemic caused widespread shutdowns across the globe, which significantly impacted the economy worldwide in the first half of 2020. With the ease in restrictions in the second half of the year, companies are putting in extra efforts to resume their operations, which is a positive sign for market growth.
The U.S. has been a prominent destination for the product considering high demand from industries including paints & coatings, adhesives & sealants, and paper manufacturing. Paper is the largest application segment of the market and the U.S. is amongst the world’s largest paper manufacturers. Despite the pandemic that majorly impacted the country’s economy, the demand for calcium carbonate continues to persist, especially in the paper production sector owing to a growing emphasis on cleanliness.
Gather more insights about the market drivers, restrains and growth of the Global Calcium Carbonate Market
Type Insights
The ground calcium carbonate segment dominated the market with a revenue share of 68.70% in 2023. This growth is attributed to the fact that when compared to other inorganic powders, GCC powder is relatively affordable and possesses superior whiteness, inertness, and incombustibility, as well as low oil- and water adsorption. It is commonly utilized in polymer composites to enhance physical properties and improve workability. Simultaneously, the cost of polymer composites can be significantly reduced by replacing expensive resins with affordable GCC fillers.
Application Insights
The paper segment emerged as the largest application segment in 2023 and accounted for a revenue share of around 41.69%. 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.
Regional Insights
Asia Pacific dominated the global market and accounted for the largest revenue share of more than 37.34% in 2023. The region is anticipated to expand further at a steady CAGR from 2023 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.
Key Companies & Market Share Insights
Key companies are adopting several organic and inorganic growth strategies, such as capacity expansion, mergers & acquisitions, and joint ventures, to maintain and expand their market share.
- In August 2022, Cimbar Resources Inc. announced the acquisition of U.S.-based Imerys Carbonate Inc. calcium carbonate manufacturing assets located in Arizona, U.S. This acquisition helped Cimbar Resources expand its product portfolio and facilitate its goal of providing customers with a wide range of products from multiple locations.
- In April 2023, Omya India, a prominent producer of calcium carbonate, announced its plan to invest USD 25 million in its advanced calcium carbonate plant in Gujarat. This significant investment strives to expand the plant's capacity and improve its overall efficiency, reinforcing Omya India's dedication to delivering high-quality products to meet the growing demand.
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Key Calcium Carbonate Companies:
The following are the leading companies in the calcium carbonate market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these calcium carbonate companies are analyzed to map the supply network.
- AGSCO Corp.
- Carmeuse
- Blue Mountain Minerals
- GCCP Resources
- GLC Minerals, LLC
- Greer Limestone Company
- Gulshan Polyols Ltd.
- ILC Resources
- Imerys
- Mineral Technologies
- Mississippi Lime
- Omya
- Parchem Fine & Specialty Chemicals
- The National Lime & Minerals, Inc.
Calcium Carbonate Market Segmentation
Grand View Research has segmented the global calcium carbonate market report based on type, application, and region:
Calcium Carbonate Type Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)
- Ground Calcium Carbonate (GCC)
- Precipitated Calcium Carbonate (PCC)
Calcium Carbonate Application Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)
- Automotive
- Building & Construction
- Pharmaceutical
- Agriculture
- Pulp & Paper
- Others
Calcium Carbonate Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Finland
- Sweden
- Valencia
- Asia Pacific
- China
- India
- Indonesia
- Japan
- South Korea
- Central & South America
- Argentina
- Brazil
- Middle East & Africa
- Saudi Arabia
- South Africa
- Iran
- UAE
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