The Global Calcium Carbonate Market size was valued at USD 45.06 billion in 2020 and is expected to reach USD 53.25 billion with a growth at a compound annual growth rate (CAGR) of 2.80%, in terms of revenue, from 2020 to 2027. Increasing demand for paper from packaging applications and hygiene-related products like tissue paper is a major growth driver for the market. However, the product demand witnessed a decline in 2020 owing to the outbreak of the coronavirus. The pandemic caused widespread shutdowns across the globe, which significantly impacted the economy worldwide in the first half of 2020. With the ease in restrictions in the second half of the year, companies are putting in extra efforts to resume their operations, which is a positive sign for the market growth.
The U.S. has been a prominent destination for the product considering high demand from industries including paints & coatings, adhesives & sealants, and paper manufacturing. Paper is the largest application segment of the market and the U.S. is amongst the world’s largest paper manufacturers. Despite the pandemic that majorly impacted the country’s economy, the demand for calcium carbonate continues to persist, especially in the paper production sector owing to a growing emphasis on cleanliness.
According to the American Forest & Paper Association, the U.S. paper and wood products industry recorded high levels of tissue production in February and March 2020. The U.S. mills produced around 700 kilotons of tissue in March. Factors like lockdown and extra hygiene concerns led to panic buying and stockpiling of tissues and other cleaning products, thereby, benefitting the market growth.
Paper emerged as the largest application segment in 2020 and accounted for a revenue share of more than 47%. Calcium carbonate is added as a filler to the paper pulp or is applied as a coating pigment. Its addition enhances the brightness and opacity of the paper. Although the internet did impact the print media market, it did not restrict the demand for paper in other applications, such as packaging and tissue paper.
The current pandemic has compelled manufacturers to ramp up their production to cater to the rising consumer needs. For instance, in August 2020, Celulosa Argentina announced an increase in its production for paper packaging by 30%. The company’s focus was on the food industry as the demand surged in this sector. With a rise in the e-commerce sector and growing usage of tissue papers, the paper application segment is anticipated to continue its dominance over the forecast period.
Paints & coatings segment was the second-largest application segment. The product is used in several applications in the paints & coatings sector; it acts as an agent for reducing or enhancing gloss, as an extender, a rheology modifier, and as an additive for increasing density. Despite the many uses, the product demand was impacted in this application segment in 2020 owing to a halt in the manufacturing operations, which disrupted the entire production & supply chain of the paints & coatings industry.
The calcium carbonate market is segmented on the basis of application and region. By application the market is divided into Paper, Paints & Coatings, Plastics, Adhesives & Sealants, Others.
Asia Pacific dominated the global market and accounted for the largest revenue share of more than 43% in 2020. The region is anticipated to expand further at a steady CAGR from 2020 to 2027 due to rising investments in the infrastructure development and manufacturing sector. However, due to the pandemic, the manufacturing operations and supply chain have been immensely impacted. Apart from China, all other major Asian countries have reported negative GDP growth for the second quarter of 2020.
Economies are putting in extra efforts for the proper functioning of operations in different sectors by maintaining essential protocols required during the pandemic. As the operations resume, certain industries have reported positive news; for instance, automotive sales in India went up in the past two months. Also, the demand for paints & coatings and vehicles is anticipated to increase, which, in turn, will augment the demand for calcium carbonate.
Key players are: AGSCO Corp.; Carmeuse; Blue Mountain Minerals; Carmeuse Lime & Stone Company; GCCP Resources; GLC Minerals, LLC; Greer Limestone Company; Gulshan Polyols Ltd.; ILC Resources; Imerys; J.M. Huber Corp.; LafargeHolcim; Midwest Calcium Carbonates; Mineral Technologies; Mississippi Lime; Mountain Materials, Inc.; NALC, LLC; Omya; Parchem Fine & Specialty Chemicals; The National Lime & Stone Company; United States Lime & Minerals, Inc.
The U.S. has been a prominent destination for the product considering high demand from industries including paints & coatings, adhesives & sealants, and paper manufacturing. Paper is the largest application segment of the market and the U.S. is amongst the world’s largest paper manufacturers. Despite the pandemic that majorly impacted the country’s economy, the demand for calcium carbonate continues to persist, especially in the paper production sector owing to a growing emphasis on cleanliness.
According to the American Forest & Paper Association, the U.S. paper and wood products industry recorded high levels of tissue production in February and March 2020. The U.S. mills produced around 700 kilotons of tissue in March. Factors like lockdown and extra hygiene concerns led to panic buying and stockpiling of tissues and other cleaning products, thereby, benefitting the market growth.
Paper emerged as the largest application segment in 2020 and accounted for a revenue share of more than 47%. Calcium carbonate is added as a filler to the paper pulp or is applied as a coating pigment. Its addition enhances the brightness and opacity of the paper. Although the internet did impact the print media market, it did not restrict the demand for paper in other applications, such as packaging and tissue paper.
The current pandemic has compelled manufacturers to ramp up their production to cater to the rising consumer needs. For instance, in August 2020, Celulosa Argentina announced an increase in its production for paper packaging by 30%. The company’s focus was on the food industry as the demand surged in this sector. With a rise in the e-commerce sector and growing usage of tissue papers, the paper application segment is anticipated to continue its dominance over the forecast period.
Paints & coatings segment was the second-largest application segment. The product is used in several applications in the paints & coatings sector; it acts as an agent for reducing or enhancing gloss, as an extender, a rheology modifier, and as an additive for increasing density. Despite the many uses, the product demand was impacted in this application segment in 2020 owing to a halt in the manufacturing operations, which disrupted the entire production & supply chain of the paints & coatings industry.
The calcium carbonate market is segmented on the basis of application and region. By application the market is divided into Paper, Paints & Coatings, Plastics, Adhesives & Sealants, Others.
Asia Pacific dominated the global market and accounted for the largest revenue share of more than 43% in 2020. The region is anticipated to expand further at a steady CAGR from 2020 to 2027 due to rising investments in the infrastructure development and manufacturing sector. However, due to the pandemic, the manufacturing operations and supply chain have been immensely impacted. Apart from China, all other major Asian countries have reported negative GDP growth for the second quarter of 2020.
Economies are putting in extra efforts for the proper functioning of operations in different sectors by maintaining essential protocols required during the pandemic. As the operations resume, certain industries have reported positive news; for instance, automotive sales in India went up in the past two months. Also, the demand for paints & coatings and vehicles is anticipated to increase, which, in turn, will augment the demand for calcium carbonate.
Key players are: AGSCO Corp.; Carmeuse; Blue Mountain Minerals; Carmeuse Lime & Stone Company; GCCP Resources; GLC Minerals, LLC; Greer Limestone Company; Gulshan Polyols Ltd.; ILC Resources; Imerys; J.M. Huber Corp.; LafargeHolcim; Midwest Calcium Carbonates; Mineral Technologies; Mississippi Lime; Mountain Materials, Inc.; NALC, LLC; Omya; Parchem Fine & Specialty Chemicals; The National Lime & Stone Company; United States Lime & Minerals, Inc.
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