Ground and Precipitated Calcium Carbonate Market
The Ground and Precipitated Calcium Carbonate Market is experiencing significant growth due to the versatile nature of this mineral. With its abundance and wide availability, calcium carbonate plays a crucial role in various industries. In the construction sector, it is utilized as a key ingredient in cement and concrete production, providing strength and durability to structures. Additionally, it is used in the steel industry for purifying iron ore and removing impurities during the manufacturing process.
During the forecast period, the global market for ground and precipitated calcium carbonate is anticipated to grow at a CAGR of 5.4%. The market is anticipated to be worth US$ 24,442.70 million in 2022 and US$ 41,357.6 million by 2032.
Two of the prominent types of calcium carbonate that have found significant commercial applications are fine-ground calcium carbonate and precipitated calcium carbonate. Derived from calcium carbonate, these compounds find application primarily as mineral fillers for plastics, paints coatings, rubbers elastomers among others.
Calcium carbonate is one of the most abundantly occurring minerals on earth and composes nearly four percent of the earth’s crust. It exists naturally in the form of limestone, marbles, and chalk formed by sedimentation over a period of time. It is one of the most versatile compounds and finds a variety of applications across a diverse set of industries including construction, steel, and agrochemicals among others.
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Besides, fine ground calcium carbonate and precipitated calcium carbonate are also used as pigments, processing aids, extenders, and impact modifiers across industries. Although the two product types serve a similar range of applications, there do exist several distinctions among the two that drive the preference for one type over the other for certain specific application areas.
Precipitated calcium carbonate is composed of relatively smaller-sized particles, is relatively brighter, and also has relatively higher calcium carbonate content as compared to fine-ground calcium carbonate. The two calcium carbonate types are produced either by processing naturally occurring minerals or by synthetic route wherein a chemical process is adopted to produce the desired product type.
Global Ground and Precipitated Calcium Carbonate Market Dynamics
In terms of market volume, the global ground, and precipitated calcium carbonate market is expected to witness steady growth, registering a moderate single-digit growth compounded annual rate during the forecast period. This forecast growth in consumption of ground and precipitated calcium carbonate is expected to primarily be attributed to steady growth in demand from end-use industries based in the Asia Pacific region.
Thus, the steady growth of the construction sector coupled with the forecast steady growth of global automotive production is expected to positively impact the consumption of ground and precipitated calcium carbonate across end-use industries.
Moreover, steady growth in demand from plastics and rubber industries is expected to propel the global ground and precipitated the calcium carbonate market over the forecast period.
However, the relatively sluggish to slow growth of the paper industry, major ground, and precipitated calcium carbonate consuming industry, across key markets such as Europe and North America is likely to act as an impediment to the growth of the global ground and precipitated calcium carbonate market during the forecast period.
Also, relatively slower economic growth is expected to restrain the growth of the market in the initial phase of the forecast period.
Global Ground and Precipitated Calcium Carbonate Market Players
A major share of the overall global production capacity for the two compounds is concentrated in the Asia Pacific region followed by Europe and relatively lower shares are distributed across other parts of the globe. Some of the key players operating in the global ground and precipitated calcium carbonate market include among others,
- Solvay S.A.
- Minerals Technologies Inc.
- Imerys
- Huber Engineered Materials
- SCHAEFER KALK GmbH Co KG
- Longcliffe Quarries Ltd
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, product types, and end-use industries.
Global Ground and Precipitated Calcium Carbonate Market Segmentation
Depending on the type of product, the global ground, and precipitated calcium carbonate market has been segmented into the following key segments:
- Ground calcium carbonate
- Precipitated calcium carbonate
Among the above-listed product type segments, fine ground calcium carbonate accounted for a dominant share in the overall global ground and precipitated calcium carbonate over the recent past the trend is expected to continue over the forecast period
On the basis of end-use industries, the global ground, and precipitated calcium carbonate market has been segmented into the following key segments:
- Plastics
- Rubber
- Paper
- Adhesives Sealants
- Paint Coatings
- Others
