The global ground and precipitated calcium carbonate market is likely to record a CAGR of 5.4% during the forecast period. The market is projected to be valued at USD 24.4 billion in 2023 and is likely to be valued at USD 41.3 billion by 2033.
The demand for ground and precipitated calcium carbonate is growing due to the packaging sector's rising plastic and paper products demand during the forecast period. Moreover, growing activities in the rubber industry, construction sectors, and pharmaceuticals are fueling the global market share in recent years.
The market is growing moderately, securing a higher CAGR during the forecast period. The rising use of plastic for various purposes such as reducing weight, decreasing packaging costs, and electronic product insulation is accelerating the demand for global ground and precipitated calcium carbonate.
Besides, fine ground calcium carbonate and precipitated calcium carbonate are also used as pigments, processing aids, and extenders are growing the adoption of global ground and precipitated calcium carbonate.
| Attribute | Details |
|---|---|
| Market CAGR (2023 to 2033) | 5.4% |
| Market Valuation (2023) | USD 24.4 billion |
| Market Valuation (2033) | USD 41.3 billion |
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Regarding market volume, the global market is expected to grow steadily, registering a moderate single-digit growth compounded annual rate during the forecast period. Moreover, ground and precipitated calcium carbonate consumption is expected to primarily be attributed to steady growth in demand from end-use industries.
Thus, steady growth in the construction sector coupled with forecast steady growth of global automotive production is expected to positively impact the consumption of ground and precipitated calcium carbonate across end-use industries. Moreover, steady growth in demand from plastics and rubber industries is expected to propel the global ground and precipitate the calcium carbonate market growth over the forecast period.
However, the paper industry's relatively sluggish to slow growth, a major ground that precipitated the calcium carbonate consuming industry across key markets such as Europe and North America. Also, relatively slower economic growth is expected to restrain the market's growth in the initial phase of the forecast period.
The global market has been segmented based on key geographical regions into North America, Latin America, Europe, the Middle East & Africa, and the Asia Pacific. Among the aforementioned regional markets, consumption of precipitated and ground calcium carbonate is expected to be dominated by Europe.
Europe is likely to acquire 25.5% of the share during the forecast period. Steady growth is expected to be registered in the global market in the region in recent years. The United Kingdom is a prominent leading European country, increasing the demand for ground and precipitating calcium carbonate during the forecast period.
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.
Moreover, the construction, packaging, and hygiene sectors are growing the region's market share during the forecast period. Growing infrastructure in the United States is likely to lead to accelerating global market growth in recent years.
Principal Consultant
Depending on the product type, the global market has been further divided into categories such as ground calcium carbonate and precipitated calcium carbonate.
The precipitated calcium carbonate category dominates the market share by securing the maximum share during the forecast period. The rising construction industry and the automotive industry are increasing the demand for precipitated calcium carbonate during the forecast period.
How are Key Players Expanding the Global Market?
The market is fragmented by the presence of several key players all around the globe. They are using various marketing terminology to acquire the lion’s share. Some of their commonly used strategies are mergers, collaborations and product launches.
Recent Developments in the Global Market:
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| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Material Type, Application, Region |
| Key Companies Profiled | Solvay S.A.; Minerals Technologies Inc.; Imerys; Huber Engineered Materials; SCHAEFER KALK GmbH & Co KG; Longcliffe Quarries Ltd |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The net worth of the global market could reach USD 41.3 billion by 2033 end.
Presently, the United States acquires almost 43.9% of the global boat trailers market share.
Due to higher consumption of calcium carbonate in the United Kingdom Europe acquires 25.5% market share.
Construction, packaging, and hygiene sectors are driving the demand in North America in recent years.
The precipitated calcium carbonate segment dominates the grounded segment.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Ground Calcium Carbonate 5.2. Precipitated Calcium Carbonate 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use Industry 6.1. Plastics 6.2. Rubber 6.3. Paper 6.4. Adhesives & Sealants 6.5. Paint & Coatings 6.6. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Solvay S.A. 17.2. Minerals Technologies Inc. 17.3. Imerys 17.4. Huber Engineered Materials 17.5. SCHAEFER KALK GmbH & Co KG 17.6. Longcliffe Quarries Ltd 17.7. Carmeuse 17.8. Mississippi Lime Company 17.9. Sibelco 17.10. Midwest Calcium Carbonate 17.11. Calcinor, S.A 18. Assumptions & Acronyms Used 19. Research Methodology
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Ground And Precipitated Calcium Carbonate Market
