Press Release

The Global Precipitated Calcium Carbonate Market to Sail at a CAGR of Around 8.85%, Set to Exceed USD 3.5 Billion by 2030

The Global Precipitated Calcium Carbonate Market size was valued at USD 2.08 billion in 2023 and is projected to reach USD 3.56 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 8.85% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in the recent research report. During the past few years, demand for paper and paper products has improved at the global level, mainly in the packaging sector. This has encouraged significant investments in new production units for packaging papers. Consequently, with growing production capacities within these paper mills, the demand for calcium carbonates within these units has also risen accordingly. Also, some of the major paper manufacturing companies across the world have come out with huge investment plans for increasing their production capacities. These strategic steps would further contribute to the market growth in the forthcoming years.

Additionally, the growth is also driven by the rise in the development of infrastructure projects. The governments of global countries are giving considerable impetus to the construction of large connectivity networks with roads, railways, and others through heavy investments. As a result, the construction works have increased significantly in this region. Thus, the need for materials such as sealants, paints, adhesives, and coatings, also increased. It has driven the production of these materials, and as precipitated calcium carbonate acts as an additive in this product, its demand has grown in recent years.

Also, the growing global cosmetics industry is accelerating the demand for chemicals like calcium carbonate and others. The interest is rapidly growing in the usage of self-care products, which is consequently increasing the demand for cosmetic products. This is because most of the emerging nations are rapidly registering their presence in the usage of cosmetic products and boosting global demand. This leads to the growth in production capacities of cosmetic manufacturers, which raises precipitated calcium carbonate's value addition in cosmetics by way of improved texturing, opacity, and stability. Besides this, the precipitated calcium carbonate is also foreseen to witness growth in demand in cosmetics as companies are innovating new products to cater to the changing needs of consumers all across, further states the research report, “Global Precipitated Calcium Carbonate Market Analysis, 2024.”

Global Precipitated Calcium Carbonate Market Segmentation Analysis

Agricultural Sector to Dominate in Forthcoming Years

Based on the end-use industry, the market is further bifurcated into Paper, Plastic & Rubber, Adhesives and Sealants, Paints and Coatings, Cosmetics, Agriculture, and Others (Construction, Food and Pharmaceuticals, etc.). Of them all, the agricultural sector has acquired a significant share due to its functional benefits. PPC, when used in agriculture, has the following benefits, such as neutralizing the acidity of the soil and promoting plant growth and crop quality. In addition, the precipitated calcium carbonate also helps in preventing the deficiency of potassium minerals in plants. Thus, the adoption of fertilizer-grade precipitated calcium carbonate has been widely improved across various geographies of the world.

In addition, nowadays, rapid growth in demand for natural additives for soils has been recorded, which is expected to further enhance the agriculture segment's share in the Global Precipitated Calcium Carbonate market during the forecast period.

Asia Pacific Gaining Prominent Share in the Global Precipitated Calcium Carbonate Market

The Asia-Pacific region has held a significant market share in the last few years. The growth in this region was driven by the growth of the pharmaceutical and healthcare industries in the past few years. Governments in countries like India, and China among others were making efforts to improve the establishment of local pharmaceutical production facilities. These efforts have enhanced the manufacturing of pharmaceutical products in the region, which has been influencing the demand for precipitated calcium carbonate. As calcium carbonate is often used in producing calcium-based supplements, their demand has improved prominently in the region.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Minerals Technologies Inc., Cimbar Resources Inc., Mississippi Lime, J.M. Huber Corporation (Huber Engineered Materials), WASIT Group, Omya International AG, Great Lakes Calcium Corporation, Shandong Useen Calcium Co., Ltd., SCR-Sibelco NV, Maruo Calcium Co. Ltd., Chemical & Mineral Industries Pvt. Ltd., Cales De Llierca Sa, Lhoist, Provale Holding SA, Schaefer Kalk, and Others looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across the regions?
6. How have the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?