35.5 F
Boston
HomePublishingGround and Precipitated Calcium Carbonate Market to Reach US$ 41.3 Billion by...

Ground and Precipitated Calcium Carbonate Market to Reach US$ 41.3 Billion by 2033, Finds Latest Study of FMI

Ground and Precipitated Calcium Carbonate Market to Reach US$ 41.3 Billion by 2033, Finds Latest Study of FMI

North America is likely to secure 19.9% of the share during the forecast period. The rising high growth trajectory in end-use industries is raising global ground sales and precipitating calcium carbonate in recent years.

NEWARK, Del, Sept. 13, 2023 (GLOBE NEWSWIRE) — The global ground and precipitated calcium carbonate market is estimated to secure a CAGR of 5.4% during the forecast period. The market is predicted to secure a valuation of US$ 24.4 billion in 2023 and reach US$ 41.3 billion by 2033. 

Key Takeaways:

  • The global ground and precipitated calcium carbonate market is anticipated to register a CAGR of 5.4% with a valuation of US$ 41.3 billion by 2033.
  • Based on product type, precipitated calcium carbonate is estimated to dominate the global market during the forecast period.
  • The United States is estimated to secure a maximum global market share by 2033.

Request a Sample of this Report to Understand Key Dynamics of the Market:
https://www.futuremarketinsights.com/reports/sample/rep-gb-1701

Driving Factors in the Global Market

  • Construction Industry Growth: Calcium carbonate is extensively used in the construction industry as a filler material in concrete, making it a vital component for infrastructure development. The construction sector’s growth directly influences the demand for ground and precipitated calcium carbonate.
  • Paper Industry Demand: Calcium carbonate is a key ingredient in the paper industry, where it is used as a coating and filler in paper products. As the demand for paper and packaging materials increases, so does the need for calcium carbonate.
  • Increasing Water Treatment Applications: Calcium carbonate is widely used for softening and pH adjustment in water treatment processes. The growing population and industrialization have increased the demand for clean water, driving the need for calcium carbonate in water treatment.
  • Growing Demand in the Paint and Coatings Industry: Calcium carbonate is used as an extender in the paint and coatings industry, enhancing properties like opacity, brightness, and resistance. The growing construction and automotive sectors contribute to the increasing demand for paints and coatings, thereby driving the demand for calcium carbonate.
  • Agricultural Applications: Calcium carbonate is used in agriculture as a soil amendment to enhance soil pH and provide essential nutrients. The need for improved agricultural productivity is likely to boost the demand for calcium carbonate in this sector.
  • Health and Personal Care Products: In the pharmaceutical and personal care industries, calcium carbonate is used in various products, including antacids, toothpaste, and dietary supplements. The rising health awareness and demand for personal care products contribute to the growth of this market segment.
  • Renewable Energy Projects: As the focus on renewable energy sources increases, there is a growing demand for calcium carbonate in the manufacturing of solar panels and wind turbine blades, as well as in energy storage applications.
  • Geographic and Infrastructure Expansion: The growth of emerging economies and increasing urbanization drive infrastructure development, leading to a higher demand for construction materials, including calcium carbonate.
  • Technological Advancements: Ongoing research and technological advancements in ground and precipitated calcium carbonate production processes are likely to improve efficiency and reduce costs, further contributing to market growth.

Request for Research Methodology to Understand Our Data-sourcing Process in Detail:
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-1701

The plastic industry uses calcium carbonate as a cost-effective filler material to produce various plastic products. With the ongoing expansion of the plastic manufacturing sector, the demand for calcium carbonate is also expected to rise.”—opines a seasoned analyst at Future Market Insights.

How do Key Players Upsurge the Global Market?

Key players play a vital role in the global market by investing huge amounts in research and development activities. These players drive the global market by innovating unique and improved products to capture consumers’ attention. These players are adopting various marketing tactics to upsurge the global market, such as mergers, collaborations, agreements, and partnerships.

Recent Development in the Global Market are:

In 2020, Imerys announced it would supply ground calcium carbonate to manufacture gloves for medical uses and reduce production costs.

Competitive Landscape-Regional Trends:

The competitive landscape of the Ground and Precipitated Calcium Carbonate Market is evolving dynamically, marked by regional trends that influence market dynamics. Market players are strategically aligning themselves to cater to the unique demands of each region, capitalizing on local preferences and regulatory frameworks.

Restraints:

Despite the promising growth prospects, the market is not without its challenges. The Ground and Precipitated Calcium Carbonate Market faces constraints stemming from environmental concerns and the need for sustainable practices. Regulatory pressures related to emissions and waste disposal are prompting industry players to reevaluate their production processes.

Region-wise Insights – Category-wise Insights:

  1. North America: The North American market for ground and precipitated calcium carbonate is on a robust growth trajectory, driven by a surge in construction activities and the flourishing pharmaceutical sector. Fine ground calcium carbonate is in high demand for its application in pharmaceutical formulations.
  2. Europe: Europe exhibits a strong inclination towards eco-friendly packaging solutions. As a result, precipitated calcium carbonate, known for its sustainability attributes, is gaining traction. The construction industry in Europe is also a significant consumer of these materials.
  3. Asia-Pacific: The Asia-Pacific region is witnessing remarkable growth due to the burgeoning packaging industry and the expansion of the construction sector. China and India, in particular, are emerging as prominent markets for ground and precipitated calcium carbonate.

Knowledge is Key: Buy Your Report Now to Stay Ahead.
https://www.futuremarketinsights.com/checkout/1701

Global Ground and Precipitated Calcium Carbonate Market Players

  • Solvay S.A.
  • Minerals Technologies Inc.
  • Imerys
  • Huber Engineered Materials
  • SCHAEFER KALK GmbH & Co KG
  • Longcliffe Quarries Ltd

Key Segments:

By Product Type:

  • Ground calcium carbonate
  • Precipitated calcium carbonate

By End Use Industry:

  • Plastics
  • Rubber
  • Paper
  • Adhesives & Sealants
  • Paint & Coatings
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in the Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Top Reports Related to Chemicals & Materials Market:

Calcium Carbonate Market Size: Demand for calcium carbonate is expected to witness a Y-o-Y growth of 5.1% and reach US$ 24.4 Billion by 2022. The growth trend is likely to continue and reach US$ 41.3 Billion by the end of the forecast period, reflecting a CAGR of 5.4% (2022 to 2032).

Precipitated Silica Market Share: Ascending demand from rubber, agrochemicals, and oral care will drive the global precipitated silica (SiO2) market to grow at an astounding growth rate of more than 8.8% between 2022 and 2032.

Precipitated Barium Sulphate Market Demand: The Precipitated Barium Sulfate Market is expected to increase at a 3.8% CAGR from 2023 to 2033, from US$ 738.4 million in 2023 to US$ 1045 million in 2033.

Carbonate Market Trends: The global carbonate market is projected to have a moderate-paced CAGR of 7.2% during the forecast period. The current valuation of the market is US$ 4.02 Billion in 2022. The market value of the carbonate market is anticipated to reach a high of US$ 8.06 Billion by the year 2032.

Carbonate Minerals Market Overview: According to Future Market Insights (FMI), the global carbonate minerals market registered a year-on-year (YoY) growth of 5.6% in 2021. Demand in the carbonate minerals market is projected to grow at a CAGR of 6.0% between 2022 and 2029. Future Market Insights (FMI) forecasts the market value to top US$ 53,564.0 Million in 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      
Nandini Singh Sawlani 
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube


Primary Logo

Originally published at https://www.einpresswire.com/article/655442705/ground-and-precipitated-calcium-carbonate-market-to-reach-us-41-3-billion-by-2033-finds-latest-study-of-fmi

- Part of VUGA -marketing agency

latest articles

gossip tv free

explore more

free fashion tv