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Calcium carbonate is a white colored, odorless, inorganic compound with chemical formula CaCO3. It is obtained from calcium ores like calcite, aragonite, limestone, and is the main component of pearls and shells of marine animals. It has wide range of applications from medical, biological, chemical to agricultural, industrial, and household. It is used in dietary supplement and as an antacid. It is also used in whitening agent, mineral filler and alkalizing agent as well.
Increasing demand for filler materials from various industries including paper, paints & coatings, plastic, and construction is likely to boost the market growth. Additionally, calcium carbonate is also used for purification of iron, pH correction of pool water, filler material for latex gloves and disinfectant agent. This is expected to raise the demand for calcium carbonate further driving the market growth.
However, the logistics and transportation cost for raw material required for manufacturing calcium carbonate is higher which ultimately add on to the cost of the end-product. this is expected to hinder the market growth.
Key Market Driver -
Increasing demand for filler material from paper, paints and adhesives industry.
Key Market Restraint -
High cost of end-product.
Based on type, the global calcium carbonate market is segmented into ground calcium carbonate (GCC), and precipitated calcium carbonate (PCC). Based on end-user, is segmented into paper, plastic, paints & coatings, adhesives and sealants, agriculture, chemical, construction, and other.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global calcium carbonate market consists of global & regional players operating. Some of the key players in the market include Imerys, Omya AG, Midwest Calcium Carbonate, Mississippi Lime Company, Sibelco, Minerals Technologies Inc, Calcinor S.A., Huber Engineered Materials, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to account for largest share in market attributed to the increasing demand from various end-user industries like paper, plastic, packaging, building & construction, and other. North America is estimated to witness substantial growth attributed to considerable number of manufacturers. Europe is expected to experience significant growth attributed to increasing demand from medical sector for manufacturing dietary supplements. Latin America and Middle East & Africa is expected to exhibit sluggish growth by the end of forecast period.
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