GVR Report cover Precipitated Calcium Carbonate Market Size, Share & Trends Report

Precipitated Calcium Carbonate Market Size, Share & Trends Analysis Report By Application (Automotive, Building & Construction, Pharmaceutical), By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: GVR-4-68040-005-6
  • Number of Pages: 140
  • Format: Electronic (PDF)

Report Overview

The global precipitated calcium carbonate market size was valued at USD 13.14 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2022 to 2030. The increasing use of precipitated calcium carbonate (PCC) as an alternative to additives and wood pulp for manufacturing high-quality paperboard and paper is likely to boost market growth. PCC is utilized in several applications including pharmaceuticals, cosmetics, cleaning agents, and dietary supplements. It is also used to adjust the pH value of water through the neutralization process. Factors such as improvement in lifestyle and increasing awareness regarding hygiene have positively affected the consumption of paper, especially through packaging paper and tissues product segment. This, in turn, is estimated to boost the growth of the paper industry and consequently the demand for PCC in the near future.

U.S. precipitated calcium carbonate market size, by application, 2020 - 2030 (USD Billion)

Calcium carbonate products are available in the form of granules, powders, or slurries. These products are manufactured using two ways, namely either through the chemical precipitation of calcium carbonate or from extracting and processing natural ores. In the chemical process, carbon dioxide is passed through a solution of calcium hydroxide. After the chemical process, the final product is derived from the mixture and forms a grade known as precipitated calcium carbonate (PCC). Precipitation allows the manufacturing of high-purity calcium carbonate. PCC is characterized by controlled and fine particle sizes and is thus primarily used in the production of paper.

The core raw materials used for the production of calcium carbonate are limestone, chalk, and calcite. The discovery of high-purity limestone globally is expected to aid vendors of calcium carbonate. Some of the key producers include the U.S., China, Japan, and Europe. It offers ample opportunities for regional vendors to align themselves in the calcium carbonate industry value chain by acquiring quarries. The production of raw materials is limited to a very few players that have developed their businesses in key consuming countries of PCC. These vendors offer their products to the plastic, paint, adhesive, and coating industries.

Distributors of precipitated calcium carbonate procure the products from the manufacturers. These suppliers maintain a significant level of inventory to cater their products to various end-use industries. Some of the manufacturers such as Omya AG have their distribution channels spread across the globe.

Application Insights

Pulp & Paper dominated the market with the highest revenue share of more than 42% in 2021. Its high share is attributable to continuous innovation to meet the increasing demand. The demand for biodegradable and eco-friendly paper & pulp products is expected to witness high growth in the coming years. The paper and pulp industry is seeing high demand mainly due to factors such as growing e-commerce that has increased demand for hygiene, food, and lightweight packaging products.

The demand for PCC is anticipated to rise due to its operational flexibility. Some factors favoring the usage of the product for applications in the paper industry are high brightness, relatively low price, and attainment of a porous surface of the paper sheet due to the rhombohedral particle shape. Increasing population along with rising per capita disposable income in emerging countries such as India and China are projected to drive the demand for paper products. Thus, positively influencing the market growth over the forecast period.

Calcium carbonate is utilized as a filler in the production of adhesives & sealants, cement, and paints & coatings which usually finds applications in the construction industry. Ascending demand from the construction industry is likely to trigger the production of cement, adhesives & sealants as well as paints & coatings. Therefore, the stable growth of the construction industry is estimated to have a positive impact on the market over the forecast period. The rising need to upgrade the infrastructure is expected to increase the demand for calcium carbonate on the account of its demand for paints, coatings, adhesives, and sealants.

The use of PCC as fillers has been growing at an exceptional rate. The demand for PCC in uncoated paper filler applications is expected to be over 4 million tons. The growth of the paper industry was hampered during the COVID-19 pandemic in 2020 due to the unavailability of raw materials and supply chain disruptions. However, demand from the medical industry for hygiene products such as tissue rolls, toilet paper, and sanitary napkins increased exponentially. The printing and writing paper market, which was already declining pre-COVID, saw a significant drop in demand as offices and other institutions began working remotely.

The multifunctional attributes of PCC make it ideal for many end-use applications. According to the Food and Drug Administration (FDA), it is non-toxic and can be used as a food additive, and as a direct & indirect ingredient in pharma products. It is used as a filler & excipient in tablets & pills. It is commonly used as a static material in vitamin C, vitamin D, and calcium tablets. Thus, it is added to tablets with low pH API such as aspirin. It is also used as a filling agent in various syrups, ointments, creams, and liquid medicines. Substantial growth in the personal care and pharmaceutical industries is one of the leading factors for the global PCC segment.

Regional Insights

Asia Pacific dominated the precipitated calcium carbonate industry with the highest revenue share of more than 37% in 2021. This is attributed to the increased paper manufacturing, coupled with the development of new paper mills in the region. Modern production techniques related to paper loading in China are expected to witness significant growth in the coming years. The penetration of calcium carbonate in kaolin and related products is high in the country owing to its low prices and easy availability. With the growing demand for paper, numerous companies are focused on increasing paper & pulp manufacturing capacities in emerging economies such as China and India.

India has created a suitable platform for maximum investments from foreign investors. Moreover, the country has a strong demographic dividend associated with an increasing working-age population (about two-thirds of the total population). This is projected to drive the growth of various end-use industries such as plastics, paper, and paints & coatings in the country, thereby increasing calcium carbonate consumption in the country.

Global precipitated calcium carbonate market share, by region, 2021 (%)

Supportive government policies increased wages, and continuous employment creation is some of the factors contributing to the economic growth in Europe. The establishment of satellite plants in Europe is anticipated to have a positive impact on the growth of the calcium carbonate market in the region during the forecast period. Europe-based producers have established their representation at the European level through Calcium Carbonate Association (CCA)-Europe. CCA-Europe is an organization with members liaising on legislative and scientific issues of mutual interests related to calcium carbonate minerals. The membership encompasses 48 companies from 11 European Union Member States, including Switzerland and Norway.

Precipitated calcium carbonate is predominantly used in the manufacturing of paper, whereas fine-ground calcium carbonate has numerous pharmaceutical and industrial applications. With the surging use of paper in the manufacturing of daily items, such as printing, coffee cups, tissues, packaging & others, the paper industry is bound to grow in North America in the near future.

Key Companies & Market Share Insights

The global precipitated calcium carbonate market is fragmented in nature with several manufacturers in the market space. Vendors operating in this market focus on increasing their production capacities to supply high-quality products to various end-use industries. New product developments, along with advanced manufacturing facilities, are anticipated to remain a key focus area of the companies operating in this market.

To maintain the revenues during the pandemic and as a result of supply chain disruption and unavailability of raw materials, many companies including Omya, J.M. Huber, and Covia increased their prices for calcium carbonate ranging from 10-15%. With the rise in demand for nutraceuticals and dietary supplements, companies are trying to develop innovative calcium carbonate products in the pharmaceutical industry. In May 2021, Imerys announced the extension of its European Technology Center for performance minerals in Toulouse, France. The new R&D facility is expected to increase the company’s expertise and equipment in ceramic, building materials, filtration, health, and food & feed markets. Some prominent players in the global precipitated calcium carbonate market include:

  • GCCP Resources Limited

  • Imerys

  • AGSCO Corp

  • Gulshan Polyols Limited

  • Mississippi Lime Company

  • Carmeuse

  • Minerals Technology Inc.

  • Omya AG

  • GLC Minerals

  • Blue Mountain Minerals

Precipitated Calcium Carbonate Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 13.98 billion

Revenue forecast in 2030

USD 23.39 billion

Growth Rate

CAGR of 6.6% from 2022 to 2030

Base year for estimation

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Volume in kilotons, revenue in USD million, and CAGR from 2022 to 2030

Report coverage

Revenue and volume forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Argentina; Saudi Arabia; South Africa

Key companies profiled

GCCP Resources Limited; Imerys; Gulshan Polyols Limited; Mississippi Lime Company; Minerals Technology Inc.; Omya AG; AGSCO Corp; Blue Mountain Minerals; Carmeuse; GLC Minerals

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global Precipitated Calcium Carbonate Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global precipitated calcium carbonate market report based on application, and region:

Global Precipitated Calcium Carbonate Market  Segmentation

  • Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

    • Automotive

    • Building & Construction

    • Pharmaceutical

    • Agriculture

    • Pulp & Paper

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • Saudi Arabia

      • South Africa

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