Calcium Carbonate Market Size, Share, Industry, Forecast and outlook (2024-2031)

Calcium Carbonate Market is Segmented By Type (Ground Calcium Carbonate, Precipitated Calcium Carbonate), By Application (Construction Materials, Dietary Supplement, Additive for Thermoplastics, Filler in Paper, Plastics and Paint, Adhesives, Desulphurization of Fuel Gas, Neutralizing Agent in Soil, Other), By End-User (Construction, Paper, Plastics, Adhesives and Sealants, Paints and Coatings, Pharmaceutical, Automotive, Agriculture, Rubber, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Calcium Carbonate Market Overview

The Calcium Carbonate Market is expected to reach at a CAGR of 4.19% during the forecast period 2024-2031. 

Calcium carbonate is an inorganic substance with the chemical formula CaCO3, which is white and odorless. The material is made from calcium ores like calcium carbonate, aragonite, and limestone and is commonly found in pearls and marine animal shells. The respective material has a wide range of uses, including medicinal, biological, and chemical applications and agricultural, industrial, and home uses. Calcium Carbonate finds application as an antacid, calcium supplement, bleaching agent, mineral filler, and alkalizing agent. The active element in agricultural lime is calcium carbonate, which is formed when calcium ions in hard water combine with carbonate ions to form limescale.

Calcium Carbonate Market Summary

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Calcium Carbonate Market Dynamics

The calcium carbonate market is being propelled ahead by increased demand for calcium carbonate in numerous industry verticals such as construction. However, environmental issues around calcium carbonate mining are increasing as people become more aware of the issue.

The high demand for calcium carbonate in the building industry

Calcium carbonate is used in a variety of industries, including building, agriculture, chemical manufacturing, cleaning, and mining, to name a few. Calcium carbonate is used in the construction industry to manufacture cement and concrete because it is simple to mix, transport, and deposit in a slurry that hardens into a durable building material that can be used to construct buildings, roads, bridges, walls, and a variety of other structures.

The global construction industry will be valued at US$10.7 trillion in 2020, according to Oxford Economics, with emerging countries accounting for US$5.7 trillion of that total. The global construction industry is expected to grow by US$4.5 trillion between 2020 and 2030, reaching US$15.2 trillion in 2030, including US$8.9 trillion in developing economies.

The fastest-growing construction region is predicted to be Sub-Saharan Africa, followed by Asia-Pacific. The United States, China, India, and Indonesia will contribute 58.3% of global construction growth. Residential construction will likely support short-term recovery, while infrastructure spending will drive medium-term growth. Urbanization is expected to hasten the expansion of emerging markets. The rise of the construction industry is expected to have a substantial impact on calcium carbonate demand in the building materials market. Building materials demand is increasing due to ongoing construction projects in the commercial and residential sectors, which is boosting the calcium carbonate market. Globally, government funding is the primary source of infrastructure development. In recent years, massive investment in infrastructure construction activities has resulted in significant growth in cement production.

Environmental issues around calcium carbonate mining are increasing as people become more aware of the issue

In recent years, the effects of calcium carbonate mining on the immediate environment have garnered a lot of attention. According to scientific studies, calcium carbonate mining has several negative environmental consequences, including forest loss, water, soil, and air pollution, biodiversity loss, natural flora and fauna depletion, soil erosion, landscape changes, soil, and rock mass instability, and agricultural land degradation. The extraction of rocks and minerals has an impact on the environment at many stages of mining, processing, and utilization, regardless of the magnitude of mining. Forest destruction, water scarcity, pollution of water, soil, and air, extinction of flora and fauna, biodiversity loss, soil deterioration, and soil flux

The obvious environmental implications of mining include landscape shifts and the destruction of agricultural land. The severity of environmental issues varies depending on the quantity of mining and the mining site's ecological sensitivity. Lowering water tables, habitat destruction, waste encroachment into agricultural land, building destruction due to cracks, pollution of rivers, loss of biodiversity, destruction of crops, polluted rainwater harvested from roofs, and health-related issues such as inhalation of dust resulting in respiratory tract infections are just a few of the consequences.

Calcium carbonate and dolomite mining, for example, have led to a plethora of environmental difficulties in Nigeria's Igara region, including landscape loss, natural drainage degradation, pollution, and habitat destruction. According to a study released by Saliu, Muyideen Alade and Shehu, Shaib Abdulazeez of the Department of Mining Engineering, Federal University Technology, Akure, Ondo State, Nigeria, the total alkalinity levels in water in Ikpeshi, Edo State, are less than the authorized limit of 200 mg/l.

Furthermore, the chloride levels range from 311.6 to 399.4 mg/l, which is greater than the WHO's drinking water standard of 250 mg/l. According to soil studies, the region's phosphorus levels range from 14.1 to 22.3 mg/kg, which is higher than the FAO's allowed limit of 7.0 mg/kg.

As a result, the environmental repercussions of calcium carbonate mining and raising environmental awareness are key stumbling blocks to the market's expansion.

COVID-19 Impact on Calcium Carbonate Market

Surprisingly, the pandemic re-ignited the housing market, according to the American Institute of Architects report. Due to a need for greater space, households abandoned metropolitan areas to pursue larger homes in the suburbs and exurbs, which boosted the housing market. Even though economic activity slowed in the epidemic's early days, housing began to expand by around 7% countrywide in 2020. Last year, housing started increasing by 15%, hitting its highest level since 2006. While multifamily construction was much stronger in the years following the Great Recession, single-family construction has dominated throughout the epidemic, accounting for over 80% of residential construction. Due to the importance of calcium carbonate in manufacturing construction items, demand for calcium carbonate increased dramatically in tandem with the construction market's expansion, notwithstanding the pandemic.

On the other hand, calcium carbonate production has been limited by a scarcity of raw materials, experienced personnel, and industrial process interruptions, which industry lockdowns and a demand for social isolation have hampered. Furthermore, the lockdown in reaction to the COVID-19 outbreak hampered the delivery of finished goods, causing substantial supply-demand disruptions in the market.

Commercial building activity is predicted to expand by just under 5% in 2021 and another 5.3 % in 2023 once the economy has recovered from the pandemic. Similarly, in 2021 and 2023, the industrial market will surpass the residential sector, with more than 9% growth this year and more than 8% in 2023. The supply and manufacture of calcium carbonate will be restored once the pandemic-related restrictions are eliminated and demand for calcium carbonate will rise in tandem with the rising building market.

Calcium Carbonate Market Segmentation Analysis

The global calcium carbonate market is classified based on type, application, end-user, and region.

Construction materials such as calcium carbonate are in high demand due to global growth in the construction industry

Based on end-user, the global calcium carbonate market is segmented into paper, plastics, adhesives, and sealants, construction, paints and coatings, pharmaceutical, automotive agriculture, rubber, and others.

Between 2020 and 2030, pent-up family savings, pandemic stimulus initiatives, and population expansion would combine to fuel 3.6% average annual growth, pushing construction ahead of manufacturing and services growth. According to Oxford Economics, the global construction market is expected to grow by US$4.5 trillion by 2020, reaching US$ 15.2 trillion. Furthermore, global construction production was US$10.7 trillion in 2020 and we expect it to grow by 42 %, or US$4.5 trillion, to US$15.2 trillion between 2020 and 2030. During the forecast period, global construction output is expected to reach US$13.3 trillion by 2025, up to US$2.6 trillion from 2020.

Since calcium carbonate is mostly consumed by the construction industry and is popular in high-end architecture such as buildings, highways, bridges, walls, and others, the experienced and expected growth in the construction market would increase the demand and sales of calcium carbonate in the construction industry. Thus, the respective segment dominates the global calcium carbonate market's application segment.

Calcium Carbonate Market Geographical Share

Asia-Pacific dominates the geographical sector of the market due to growth in the paper industry, urbanization, and the presence of many manufacturers

Asia-Pacific dominates the geographical segment of the global calcium carbonate market, owing to increased calcium carbonate production and rising demand from the plastics and paper industries in China, Japan, and India. Furthermore, the region's expansion is aided by low labor costs, easy access to raw resources, and other considerations. Sales have been further encouraged by an increase in residential and commercial developments in China, in addition to the availability of many calcium carbonate manufacturers. The increased manufacturing of polymers, plastics, adhesives, and sealants in China will increase calcium carbonate usage.

Calcium carbonate sales are also expected to increase as demand from the paper and pulp industries grows. Calcium carbonate is employed as a filler in papermaking because of its high brightness, light scattering qualities, widespread availability, and inexpensive cost compared to kaolin. Rising demand for paper packaging and tissue items in China and India is expected to drive the market.

Calcium Carbonate Companies and Competitive Landscape

The calcium Carbonate Market is active and dynamic in terms of the number and strength of global and local manufacturers. The market is classed as fragmented due to a large number of competitors. AGSCO Corp, Carmeuse, United States Lime & Minerals, Inc., The National Lime & Stone Company, Parchem Fine & Specialty Chemicals, NALC, LLC, Omya, Mountain Materials, Inc., Mississippi Lime, and Imerys are some of the major competitors in the industry. Significant market stakeholders employ market tactics like mergers, acquisitions, product launches, contributions, and collaborations to gain competitive advantages and recognition in their respective markets.

Imerys

Overview: Imerys began operations in 1999. The company specializes in mining, milling, and preparing kaolin and ball clay. Imerys has a long history of extensively investing in R&D, which is a major component of the company's global leadership in the paper sector. Imerys is entirely focused on multi-pigment filling and coating applications, emphasizing new-grade development.

Product Portfolio: Ground calcium carbonate (GCC) comprises the crystalline mineral calcium carbonate, which can be found in nature in the forms of chalk, marble, or limestone. The chalk texture is usually fine and the color varies depending on the deposit.

Key Development:

• For instance, on November 17, 2019, Imerys S.A. bought the facilities of EDK, a significant maker of ground calcium carbonates (GCC) in Brazil. The assets, which generated annual revenues of US$ 15.5 million in 2018, include three functioning plants and 100 employees.