Calcium Carbonate Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3438
Calcium carbonate market size is projected to grow at a steady CAGR during the forecast period 2021-2027, led by the consistent product demand across key end-use sectors including automotive, construction, paper, plastics, paints & coatings, and others. Water treatment applications are expected to generate a substantial demand for calcium carbonate in the forthcoming years. In addition, the growing consumer focus over health and wellbeing and the increased consumption of dietary supplements will bolster the industry outlook.
Calcium carbonate is a chemical substance that is commonly used in water treatment processes, desulfurization of fuel gas, adhesive manufacturing, additives for thermoplastics, and numerous other applications. Its application as a dietary supplement is increasing as it helps prevent and treat calcium deficiency. The chemical compound is also widely used as an antacid to alleviate heartburn, upset stomach, and acid indigestion.
The calcium carbonate industry is expected to witness a substantial consumption from the dietary supplements application segment between 2021 and 2027. The large-scale occurrence of calcium deficiency is driving the consumption of calcium carbonate-based supplements. Calcium deficiency disease or hypocalcemia can lead to cataracts, dental changes, osteoporosis, and other health problems, particularly among the elderly individuals. Therefore, the presence of a large geriatric population base across the globe and increased health concerns among consumers will drive the segment growth.
In terms of the end-user, the automotive sector will likely account for a notable share of the calcium carbonate market in the coming years. In automaking applications, the compound plays an important role in enhancing the wear resistance of polypropylene components. A notable uptick in automotive production, especially in the Asia Pacific region, will positively influence the product demand. Vehicle sales are steadily increasing across the globe, due to the increased consumer preference for personal mobility and rising disposable income levels. Calcium carbonate will certainly experience a strong demand in the near future as automakers implement ramp up strategies to meet the global demand.
From a geographical point of view, the North America calcium carbonate industry size is slated to expand steadily through 2027. The regional demand will be largely driven by the plastics, pharmaceutical, and paper, dietary supplement and paints & coatings sectors. North America is one of the leading consumers of pharmaceuticals and health supplements in the world. Consequently, the growing health consciousness, higher awareness about bone issues and other diseases will augment dietary supplement consumption significantly. In addition, increasing expenditure in the pharmaceutical sector will create promising opportunities for the regional suppliers.
Huber Engineered Materials, Minerals Technologies, Mississippi Lime, GLC Minerals, Omya, Okutama Kogyo, Imerys, Kaisha, Shiraishi Kogyo and Maruo Calcium are among the major manufacturers and suppliers of calcium carbonate. The market players are focusing on innovative product launches to expand their product offerings as well as market presence. For instance, in July 2021, Omya International had announced plans to launch two new nutraceutical tablets excipients, including the functionalized calcium carbonate excipient Omyanutra 300 DC, at the 2021 Vitafoods Europe trade show in October. The new products are designed to overcome the processing challenges for dietary supplements.
Impact of COVID-19 pandemic on calcium carbonate market forecast
The calcium carbonate industry has experienced a weakened demand during the pandemic due to the slowdown of manufacturing activities across automotive, construction, paper, paints & coatings, and other industries. Besides the decline in demand, companies experienced several new challenges including stricter working protocols, workforce shortages, and supply chain concerns. Consistent demand across the pharmaceutical sector, however, has supported the calcium carbonate market expansion. More people started focusing on supplement intake to maintain health and immunity, for ensuring calcium intake as well as other essential ingredients.
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