The mineral calcium carbonate is fairly widespread and can be found all over the world. In reality, calcium carbonate is thought to make up around 4% of the earth’s crust. Limestone, chalk, marble, and other materials are examples of calcium carbonate formations. Over millions of years, it is formed by the sedimentation of shells, coral, and shellfish. The mineral calcium carbonate is incredibly adaptable and has a wide range of uses in many different sectors, including compounding and coating.
The Global Coated Ground Calcium Carbonate Market is developing at a quicker pace with significant development rates throughout the most recent couple of years and is assessed that the market will fill essentially in the gauge period for example 2022 to 2030.
The world’s population is growing, which will increase the demand for food, which will increase the demand for calcium carbonate. As the world’s population ages, there will be a rise in the demand for calcium supplements, which will therefore raise the price of calcium carbonate.
Calcium carbonate is now being developed for a wide range of novel uses, such as a filler for items made of plastic and rubber. As a result, its use is expected to rise over time. The use of calcium carbonate is expected to rise throughout time due to the numerous new technologies that have been created that may be utilised with it, such as employing it as a catalyst or as a primary ingredient in cement and concrete.
Coated Ground Calcium Carbonate market is expected to grow to a value of more than USD 1.2 Billion by 2030, with a growing CAGR (compound annual growth rate) over 3.5% from 2022 to 2030.
Due to factors like climate change and resource depletion, the cost of natural resources has been rising over time. As a result, some businesses that use these resources (such as cement) have switched from using natural resources like limestone or chalk (which contain high levels of impurities) to ground-up limestone, which contains less impurities (such as ground-up calcite).
Key Market Trends:
Surge in paper making industry to drive the market
Currently, calcium carbonate dominates other papermaking filler ingredients as it is employed as a filler in biopolymer packaging materials. The paper industry has been witnessing a surge in investment over the last few years and thus has been the growth of the market for calcium carbonate.
Use of paper for multiple tasks is boosting the market
Paper provides users with convenient storage and functional packaging that is appealing and easy to carry and thus shopkeepers use paper as the main resource for packing. Demand for brighter and thicker paper is the primary reason for the growth of the market during the forecast period. Paper containers are made from renewable resources such as paper and paperboard. Even this factor is fostering the market during the forecast period. Thus, the rise in investment in the paper industry is anticipated to drive the calcium carbonate market during the forecast period.
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Segmentation Analysis Of Global Coated Ground Calcium Carbonate Market:
Based on Types
- Small particles
- Powder
- Others
Based on application
- Paper
- Plastics
- Paints
- Adhesives
- Sealants
- Others
Asia-Pacific is expected to hold the largest market share
North America, Europe, Latin America, Asia Pacific, and Middle East and Africa are the major regions constituting the geographical landscape of Global Coated Ground Calcium Carbonate market. Asia-Pacific dominates the market with the largest market share among others.
Competitive Landscape:
The Key players in the Global Coated Ground Calcium Carbonate Market are Imerys, Minerals Technologies, Omya AG, Huber Engineered Materials, Mississippi Lime Company, Shiraishi Kogyo Kaisha, OKUTAMA KOGYO, Newpark Resources, Zhenjiang Jiande Longhua Plastic Chemical, Yuncheng Chemical Industrial, Nordkalk Corporation, Global Calcium Carbonate Industries, Calcit, Schaefer Kalk GmbH Co KG, Maruo Calcium, and others.
Major Development:
The Global Coated Ground Calcium Carbonate market is expected to increase at a significant rate during the figure time period, somewhere in the range of 2022 to 2030. In 2020, the market was developing at a consistent rate and with the increasing reception of systems by key players, the market is supposed to ascend over the projected skyline.
Frequently Asked Questions:
- What is the growth estimated for Coated Ground Calcium Carbonate Market during the forecast period?
- What are the two forms in which Coated Ground calcium carbonate is available in the market?
- What are some of the factors for the growth in the market during the forecast period?
- Which region is estimated to drive the market during the forecast period?
- Which are the prominent players in the market?
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Key Takeaways From The Report:
- The Global coated ground calcium carbonate market registers a growing CAGR of 3.5% 2022 to 2030.
- The world’s population is growing, which will increase the demand for food, which will increase the demand for calcium carbonate.
- North America holds the largest market share, and is expected to grow further in the upcoming years.
- Some popular companies are Imerys, Minerals Technologies, Omya AG, Huber Engineered Materials, Mississippi Lime Company, Shiraishi Kogyo Kaisha, OKUTAMA KOGYO, Newpark Resources, Zhenjiang Jiande Longhua Plastic Chemical, Yuncheng Chemical Industrial, Nordkalk Corporation, Global Calcium Carbonate Industries, Calcit, Schaefer Kalk GmbH Co KG, Maruo Calcium, and others.
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