Global Precipitated Calcium Carbonate Market Research Report: Forecast (2024-2030)

Market Definition

Precipitated Calcium Carbonate (PCC) is a high-purity form of calcium carbonate produced from calcium quicklime. The PCC finds applications in vast industrial applications including paper making, calcium-based supplements, paints & inks, etc. They often help in improving the impact strength of products and allow the addition of extremely white color in the paper production process.

Market Insights & Analysis: Global Precipitated Calcium Carbonate Market (2024-30):

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. The market is also estimated to grow at a CAGR of around 8.85% during the forecast period, i.e., 2024-30. Global demand for precipitated calcium carbonate is growing fast, mainly due to its rising usage in pharmaceuticals, cosmetics, food, and agriculture. With the growth of these manufacturing sectors in regions such as Asia-Pacific and Middle East & Africa, demand for calcium carbonate also improves. Further, demand for paper and paper products has risen significantly during the last couple of years at the global level, largely in the packaging sector.

Moreover, in recent years, steep growth in investment has been observed for establishing units to manufacture packaging paper. Hence, with the increased production at paper manufacturing units, the demand for calcium carbonates across these units has also improved. Also, several global paper manufacturing companies have announced recent investment plans to expand their paper production capacities in the coming years. Hence, this would further help in improving calcium carbonates market growth in the forecast years.

In addition, the surge in the working population across the globe has raised demand for processed food and beverages. A key influence behind this has been the rising participation of the female population in the global workforce. Owing to this, females are getting less time for meal preparation improving the need for processed food items. Thus, the processing of food items in the food and beverage industry has increased in recent years.  Therefore, due to the use of precipitated calcium carbonate as a food additive and calcium supplement in processed foods like chewing gums, noodles, biscuits, bread, etc., demand for these minerals has improved in recent years. Moreover, several global F&B manufacturers are also coming up with plans regarding the expansion of their production facilities in the forecast years. This would further drive demand for precipitated calcium carbonates in the coming years, eventually boosting the market.

Global Precipitated Calcium Carbonate Market Driver:

Growth in Cosmetics Production in Emerging Economies Drives Market Growth- The demand for precipitated calcium carbonate has shown extreme growth in the recent past due to the radically growing cosmetic industry. In recent years, consumers have been largely inclined toward the adoption of self-care products. This is thereby resulting in enhanced demand for cosmetic products across the globe.

Consumers in developing countries like India, Brazil, etc., are actively moving toward rapid adoption of cosmetic products, which has been amplifying their global demand. Seeing this improved demand, cosmetic manufacturers have been investing in an increment of their production capacities lately. This rise in cosmetics production has further improved the demand for precipitated calcium carbonate, as their adoption in cosmetic formulations has been increasing. This has been due to the effects of precipitated calcium carbonate in cosmetics such as improved texture, opacity, and high stability.   

Global Precipitated Calcium Carbonate Market Challenge:

Volatility in Raw Material Prices to Impede Market Growth- Raw materials price volatility has been a significant challenge to market growth, leading to increased manufacturing expenses within the industry. Production processes have been adversely impacted by changes in the prices of quicklime, which have been observed to directly affect the profit margins of companies in the market. The unpredictability arising from uncertain costs has been making it difficult for companies to plan and budget production efficiently. This has not only been creating challenges for businesses to effectively manage their operational expenses but also impeding their capacity to predict and uphold steady pricing approaches. Consequently, this has also resulted in severe price fluctuations which have been affecting consumer demand as well. Therefore, volatility in prices of raw materials like quicklime has emerged as one of the major challenges in the market.

Global Precipitated Calcium Carbonate Market Trend:

Increasing Focus of Packaging Industry Toward Sustainability Boosting the Market Development- The growing focus of packaging companies toward sustainability has been driving the rising need for precipitated calcium carbonate, due to its diverse advantages as a flexible additive. The last few years have seen rapid inclination by packaging companies toward the adoption of sustainable products, specifically for the food & beverage industry. Plastic and non-sustainable packaging have a very bad effect on the environment, as they are non-degradable and keep accumulating in the environment. Besides, several plastic packaging materials were reported to accumulate in the bodies of animals, leading to their death. Hence, this has so far resulted in the adoption of sustainable materials by companies and consumers that will not have such negative environmental impacts. For instance,

• In 2024, North Coast Seafoods partnered with Disruptive Packaging and launched its 100% recyclable and reusable Unicor packaging. This material has been made from 70% calcium carbonate & 20%-30% HDPE.

Hence, with the current trend in the market where companies are rapidly moving toward sustainable and recyclable packaging materials, demand for precipitated calcium carbonates has grown in recent years. This market trend is also projected to gather further momentum in the upcoming years, driven by rising efforts of governments across different countries in promoting the adoption of sustainable packaging.

Global Precipitated Calcium Carbonate Market (2024-30): Segmentation Analysis

The Global Precipitated Calcium Carbonate Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2024-2030 at the global level. Based on the analysis, the market has been further classified as:

Based on Grade:

• Pharmaceutical Grade
• Industrial Grade

Out of these, the pharmaceutical-grade precipitated calcium carbonate has occupied a leading market share in the market in the last few years. Pharmaceutical-grade precipitated calcium carbonates are used across pharmaceutical and cosmetic manufacturing as excipients such as neutralizers, preservatives, binders, additives, etc. Besides this, this grade of precipitated calcium carbonates has been formulated with a high degree of purification and bears very few impurities. Thus, they are largely preferred among pharmaceutical and cosmetic manufacturers where high-level purity is of utmost importance. Pharmaceutical-precipitated calcium carbonate also needs to adhere to high-level regulations and standards released by global organizations like the International Standard Organization, among others. These standards ensure their purification level, hence building trust for these products among pharmaceutical and cosmetic firms. Again, the increasing demand for pharmaceutical and cosmetics products, along with their resultant forecast rise in production, is expected to accelerate the adoption of pharmaceutical-grade precipitated calcium carbonate over the next few years.

Based on End-Use Industry:

• Paper
• Plastic & Rubber
• Adhesives and Sealants
• Paints and Coatings
• Cosmetics
• Agriculture
• Others (Construction, Food & Pharmaceutical, etc.)

The agricultural sector has taken a considerable market share in the Global Precipitated Calcium Carbonate market. There are many advantages associated with the use of PPC in agriculture, such as soil acidity neutralization, plant growth & crop enhancement. Furthermore, precipitated calcium carbonate for soil liming has grown significantly during the recent past years all over the world, as it provided enhanced yields of crops like soybean. For these reasons, adoption of the materials such as fertilizer-grade precipitated calcium carbonate has improved across different parts of the world in the past years.

Besides, the demand for natural soil additives has also increased by a huge amount in recent years which is estimated to enhance the market share of the agriculture sector in the Global Precipitated Calcium Carbonate market during the forecast years.

Global Precipitated Calcium Carbonate Market (2024-30): Regional Projection

Geographically, the Global Precipitated Calcium Carbonate Market expands across:

• North America
• South America
• Europe
• The Middle East and Africa
• Asia Pacific

Out of those, Asia-Pacific was able to obtain considerable market share in the last few years. The growth of these markets is credited to the rising number of infrastructural projects across countries like Australia and India. Also, the governments in the region have shown interest in the development of roads, railways, and other projects with a large volume of investments. It led to a rise in construction activities across the region, resulting in increasing demand for construction materials like sealants, paints, adhesives, coatings, etc. Thus, production of these products has grown during the last few years across the region. As precipitated calcium carbonate is used as an additive in materials such as paints, adhesives, etc., its demand has magnified across the region.

Furthermore, observing the growing demand for precipitated calcium carbonate, companies in the market are expanding their manufacturing bases to cater to rising demand. For instance,

• In 2023, Omya, a Swiss company, announced the expansion of PCC plant facilities in Asia, specifically in China. The new plants in China include two production facilities for PCC in Shandong and another PCC plant in Fujian.

Hence, these strategic efforts by major market players are expected to drive market growth across the Asia-Pacific region in the forthcoming years.

Global Precipitated Calcium Carbonate Market- Recent Development:

• In 2023, Minerals Technologies Inc. signed an agreement with a leading global paper company to upgrade one of the Company's existing precipitated calcium carbonate (PCC) plants in Brazil by integrating MTI's NewYield LO PCC technology. This technique converts a waste stream from a paper mill's pulping operation into a functional filler pigment.
• In 2022, Cimbar Resources Inc., announced that it had completed the acquisition of calcium carbonate manufacturing assets in Sahuarita, Arizona, from Imerys Carbonates USA Inc., intending to expand its PPC range and fulfill its objective of offering diverse items to consumers across various regions.

Gain a Competitive Edge with Our Global Precipitated Calcium Carbonate Market Report

• Global Precipitated Calcium Carbonate Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
• This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
• Global Precipitated Calcium Carbonate Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.