Global Calcium Carbonate Market Share Expected to Grow at a CAGR of 5.5% by 2030 – Custom Market Analysis
Global Calcium Carbonate Market Size, Share, Growth Analysis Report by Region – Global Industry Overview, Statistical Data and Forecast 2022-2030
SANDY, UTAH, USA, July 25, 2022 /EINPresswire.com/ — According to Custom Market Insights, the value of the global market calcium carbonate market the size was around USD 42 billion in 2021, and between 2022 and 2030 it is expected to increase at a CAGR of around 5.5%. The study examines the market drivers and restraints and the effects each will have on the demand over the forecast period. The document also examines the international opportunities in the calcium carbonate market.
Calcium Carbonate Market: Overview
The chemical known as calcium carbonate has the formula CaCO3. Natural occurrences of it include minerals and rocks like calcite, limestone, chalk, marble, and aragonite. The natural or pure form of calcium carbonate is used. From natural sources, pure calcium carbonate is extracted using a variety of methods including mining and quarrying.
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The industries that use calcium carbonate the most today are those that produce paper, plastics, paints and varnishes, adhesives and sealants. Additionally, calcium nanocarbonate can be used for other purposes. Researchers are particularly interested in the therapeutic benefits of calcium nanocarbonate. Calcium carbonate materials are biocompatible and biodegradable, making them great choices for smart carriers of drugs, enzymes, and DNA. These nanoparticles are being studied for therapeutic purposes, such as delivering anticancer drugs, antibacterial agents, and genes to cancer cells. These prospective uses provide a variety of opportunities for the calcium carbonate industry to grow in the future.
A significant growth driver for the market is the growing demand for paper for packaging applications and hygiene-related products like tissue paper. However, the coronavirus outbreak has lowered demand for products in 2020. In the first half of 2020, widespread pandemic shutdowns had a significant negative impact on the global economy. Businesses are working hard as restrictions are eased in the second half. Additional strength to continue working positive indications of market expansion.
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In 2021, the paints and coatings market has become the second largest application market. The paints and coatings industry uses the product in a wide range of applications. It functions as a thinner, rheology modifier and additive to improve density, reducing or conditioning agents and thinners. Despite a wide range of uses, in 2021 a production stoppage that affected the entire production and supply chain of the paints and coatings industry impacted demand for products in this application category.
In 2021, Asia-Pacific controlled the global market. The region is expected to continue growing between 2022 and 2030 at a stable CAGR owing to increased investment in manufacturing and infrastructure development. However, the pandemic has had a huge impact on the supply chain and manufacturing processes.
Analysis of key players
These leading competitors in the blockchain market along with their business profiles, recent advancements, and significant market strategies are subject to an in-depth competitive analysis in the study. Minerals Technologies Inc., Omya AG, Huber Engineered Materials, Mississippi Lime Company, Shiraishi Kogyo Kaisha, Ltd., Okutama Kogyo Co., Ltd. and Newpark Resources, Inc. are some of the participants.
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Some of the prominent players
Blue Mountain Minerals
GLC Minerals, LLC
The global calcium carbonate market is segmented as follows:
Per end user
Paints and coatings
Adhesive and sealants
The rest of Europe
Rest of Asia-Pacific
The Middle East and Africa
United Arab Emirates
Rest of the Middle East and Africa
Rest of Latin America
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