The global Calcium Carbonate market is forecast to reach USD 34.17 Billion by 2027, according to a new report by Reports and Data. Calcium carbonate is medicinally used as a dietary supplement when the amount of calcium in the body is not enough. It is needed in the body for healthy bones, nervous systems, muscles, and heart. It is also used as an antacid to relieve acid indigestion, heartburn, and upset stomach.
The increase in the development of infrastructure is propelling the demand for the calcium carbonate market. An increase in the automobile industry is also creating a demand for calcium carbonate as a raw material. The market demand is growing because of the versatile application of the product in nanowire, plastics, and coatings of alloys. Calcium carbonate is used for imaging purposes, catalytic applications, and in drug delivery loading of hydrophilic protein drugs.
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Market Scenario:
The materials and chemicals sector has significantly grown over the recent years and is expected to register robust revenue CAGR over the forecast period. The materials and chemicals sector comprises daily wear products such as detergents, perfumes, soaps, and other raw materials and chemicals used in the manufacturing of other products. There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.
Major Companies:
- Omaya AG
- Sibelco
- Imerys
- Calcinor SA
- Carmeuse
- Minerals Technologies Inc.
- Mississippi Lime Company
- Huber Engineered Materials
- GLC Mineral
- Graymont Limited
Competitive Landscape:
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Calcium Carbonate market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Calcium Carbonate market?
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Calcium Carbonate Market Segmentation:
Type Outlook:
- Ground Calcium Carbonate
- Precipitated Calcium Carbonate
Application Outlook:
- Dietary Supplement
- Filler and Pigment
- Raw Substance for Construction Material
- Component of Adhesives
- Additive for Thermoplastics
- Neutralizing Agent in Soil
- Desulfurization of Fuel Gas
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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