The Global Calcium Carbonate Market was valued at $17.4 Billion in 2020. Growing at a high CAGR of more than 5.7% between 2021 and 2031, it is estimated to reach $34.5 Billion by 2031. However, the current pandemic of COVID-19 might make a slight difference in the growth rate in the present year. Calcium carbonate compound is the carbonic salt of calcium. Amazing use and property of the calcium carbonate element have driven the global calcium carbonate market. Apart from that, the increasing demand for polyvinyl chloride in flooring, pipes, concrete, and furniture is expected to propel the market growth. The rising demand for paper packaging and hygiene-related products is a significant factor for market growth during the forecast period. Now, moving forward, the robust demand for the Global Calcium Carbonate Market in the Calcium Carbonate department is further estimated to create new necessities and augment the market of growth over the forecast period of 2021-2031.
Global Calcium Carbonate Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The Calcium Carbonate market is segmented as type, application, and end-user. Based on Type, the global Calcium Carbonate market has been bifurcated as Ground Calcium Carbonate and Precipitated Calcium Carbonate. Based on Voltage, the global Calcium Carbonate market is divided 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. Based on End-Use, the global Calcium Carbonate market has been segmented as Paper, Plastic, Adhesives and Sealants, Construction, Paints and Coatings, Pharmaceutical, Automotive, Agriculture, Rubber, and Other End-user Industries.
By Region, Asia Pacific is Holding the Major Market Share
The Calcium Carbonate Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, Asia Pacific has a significant share among those regions. The regional market comprises developing nations such as China, India, and Japan, whose development rate is faster than most of the developing countries in the world. The availability of advanced technology, experienced and skilled employees, and increasing demand for calcium carbonate in industrial use are the prime factors for the market growth over the region. Apart from that, North America and Europe are expected to increase the growth rate in the upcoming forecast period of 2021 to 2031.
Major Players in the Global Calcium Carbonate Market
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include 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 among others.
The Global Calcium Carbonate Market Has Been Segmented into:
Global Calcium Carbonate Market: By Type
Global Calcium Carbonate Market: By Application
Global Calcium Carbonate Market: By End-User
Global Calcium Carbonate Market: By Region