The report “Calcium Carbonate Market by Type (GCC and PCC), End-Use Industry (Paper, Plastic, Paints & Coatings, Adhesive & Sealants), and Region (APAC, North America, Europe, South America, Middle East & Africa) – Global Forecast to 2024″, The calcium carbonate market is projected to grow from USD 21.2 billion in 2019 to USD 28.3 billion by 2024, at a CAGR of 6.0% during the forecast period. The growth of the market can be attributed to the increasing consumption of calcium carbonate from various end-use industries such as paper, plastic, and paints & coatings.
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- 123 Market data Tables
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- 126 Pages and in-depth TOC on “Calcium Carbonate Market – Global Forecast to 2024”
Some of the prominent key players are:
· Imerys (France)
· Omya AG (Switzerland)
· Minerals Technologies Inc. (US)
· Huber Engineered Materials (US)
· Mississippi Lime Company (US)
· Carmeuse (Belgium)
· Sibelco (Belgium)
· Midwest Calcium Carbonate (US)
· Calcinor SA (Spain)
· Excalibar Minerals LLC (US)
Driver: Increasing demand from paper and plastic industries in APAC
Calcium carbonate is a critical raw material for paper and plastics. The demand for paper is increasing in APAC as digital transformation is relatively slow. The economic growth witnessed in the developing countries of APAC has led to an increase in the use of paper packaging. China, India, and South Asian countries are the largest consumers of paper in the region. Moreover, the growth of the e-commerce industry in India and China has led to an increase in the demand for corrugated packaging solutions. Paper packaging is also used in industries such as food, healthcare, education & stationery, and personal care. All these factors are increasing the demand for paper in the region.