According to a new market research report published by sheer analytics and insights, “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”, as per the latest market research report titled, Global Calcium Carbonate Market -Industry analysis, size, share, growth, trends, and forecast, 2021-2031.
Calcium carbonate compound is the carbonic salt of calcium. The amazing use and property of the calcium carbonate element have driven the global calcium carbonate market. It can use as a filler in the plastics, paper, and adhesive industry because of purity and brittleness property. However, silica-based calcium carbonate is widely used in the paper industry to improve the paper's structural, mechanical, and optical properties. It can use as the extender and filler in paints, which are expected to drive the market growth during the forecast period. 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.
However, in this current pandemic of COVID-19, the Calcium Carbonate market is affected much. It changes the growth rate graph slightly in the Calcium Carbonate market. But it has been expected that after the pandemic situation, the global Calcium Carbonate market will reach a high position in the graph. Apart from that, the Calcium Carbonate sector's rising across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2021 to 2031.
Geographically, The Calcium Carbonate Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
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