Calcium Carbonate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The calcium carbonate market size was estimated at over 90 million ton in 2020, and the market is projected to register a CAGR of over 5% during the forecast period (2021-2026).

The market was negatively impacted by COVID-19. The disruption in the global supply chain coupled with reduced demand from various end-user industries has negatively impacted the demand for calcium carbonate. The global automotive end-use industry witnessed a decline in sales in 2020, which was approximately 64 million units, much below 80 million units sold in 2017. Additionally, reduced demand from the paints and coatings industry, owing to a decline in the manufacturing and service industry, has impacted the demand for calcium carbonate.

• Over the medium term, growing construction activities and demand from industries, such as paper and pulp, plastic, and construction in Asia-Pacific are driving the growth of the calcium carbonate market.
• The Asia-Pacific region, which includes the major consuming countries, such as China, India, and Japan, dominated the global market.
• Rising consumer awareness regarding the environmental impact of automobiles coupled with rising demand for the electric automobile in the region is likely to propel the market growth in the region.
• Health hazards associated with calcium carbonate are expected to hinder the market growth during the forecast period.

Scope of the Report

Calcium carbonate is a naturally occurring substance found in rocks as minerals aragonite and calcite. Calcium carbonate is insoluble in water and generally appears in odorless white powder. The market is segmented on the basis of type, application, end-user, and geography. By type, the market is segmented into ground calcium carbonate and precipitated calcium carbonate. By application, the market is segmented into raw substance for construction material, dietary supplement, additive for thermoplastics, filler and pigment, component of adhesives, desulfurization of fuel gas, neutralizing agent in soil, and other applications. By end-user industry, the market is segmented into paper, plastic, adhesives and sealants, construction, paints and coatings, pharmaceutical, automotive, agriculture, rubber, and other end-user industry. The report also covers the market size and forecasts for the calcium carbonate market in 18 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kiloton).

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Key Market Trends

Increasing Demand from the Paper Industry

• Calcium carbonate is widely used in the paper mill as a filler material in the alkaline paper-making process. Growing demand for brighter and bulkier paper is the key driver behind the preference for calcium carbonate in the paper industry.
• In the paper industry, calcium carbonate is valued worldwide for its high brightness and light scattering characteristics, and it is used as an inexpensive filler to make bright opaque paper. The filler is used at the wet-end of paper-making machines, and calcium carbonate filler makes the paper bright and smooth.
• Additionally, countries like China, India, Canada, the United States, and European Union Countries banning the single-use plastic packaging products is driving the demand for paper for packaging solution in the grocery store, food delivery system, clothing stores, and others, positively impacting the demand for calcium carbonate in the paper end-use industry.
• Both types of calcium carbonate, i.e., ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC), are used in the paper industry. GCC filler material is used in the alkaline wood-free paper-making process. The brightness of GCC is 86%-95%. However, PCC is preferred over GCC in paper mills since it provides better gloss and opacity properties for the paper, and the brightness of PCC is 90%-97%. PCC is the most cost-effective mineral for producing high-quality paper and paperboard via substitution of more expensive wood pulp, additives, or other minerals.
• Currently, Asia-Pacific leads the market, in terms of the demand for calcium carbonate in the paper industry, with China being the leading consumer. Increasing demand for paper packaging and tissue products is expected to drive the market in the Asia-Pacific region. The packaging demand is driven by rapid economic upticks and growing food consumption in the region. The tissue demand is driven by population growth and improving hygiene standards.
• All the aforementioned factors, in turn, are expected to increase the demand for calcium carbonate during the forecast period.

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