North America Calcium Carbonate Market size worth above USD 15.5 Bn by 2027
Published Date: October 13, 2021 Authors: Kunal Ahuja, Sarita Bayas
According to a new research report by Global Market Insights Inc., the North America Calcium Carbonate Market size is set to surpass USD 15.5 billion by 2027.
Increasing construction and remodeling projects as well as acceptance of wooden architects among consumers are driving the demand for calcium carbonate in the paints & surface coatings market. Moreover, increasing per capita income with ease in home loan is increasing the demand for residential constructions.
Increasing unhealthy food habits among consumer owing to change in lifestyle will fuel the growth for North America calcium carbonate market
Precipitated calcium carbonate will show a substantial growth in the North America calcium carbonate market and is likely to demonstrate a CAGR of over 5.0% between 2021 and 2027. Increasing unhealthy eating habits among consumers is increasing the demand for antacids, propelling North America calcium carbonate market, as it is used in calcium-based antacid tablets and liquids.
Precipitated calcium carbonate is high in calcium content owing to which it helps in the formulations of high dosage calcium supplements as well as multi-vitamin/mineral tablets. In addition, small particle sizes and special particle shapes also contribute to enhance the taste of calcium-based fortified foods and beverages; thus, increasing popularity of fortified food & beverages is propelling the market growth.
Calcium carbonate aid to increase the tensile strength, modifier rheology, and viscosity of adhesives and sealants which support its market demand.
Adhesives & sealants end-use segment of calcium carbonate is projected to showcase significant growth and is projected to account USD 1.5 billion by the end of 2027. Calcium carbonate is a soft and insoluble mineral that is used to control the shrinkage in sealant and adhesive formulations. Also, it is blocky in terms of shape, making it more compatible for low surface area and viscosity.
Calcium carbonate in high-end formulations helps to maintain physical strength and properties. It is also used as a cost-reducing filler, rheology modifier, toughening agent, tensile strength enhancer, opacifier and/or whitening agent. Functional benefits of calcium carbonate in adhesive and sealants led to drive its demand in the coming years.
Advancement in agriculture activities and government support to agriculture led to fuel the growth of North America calcium carbonate market.
Soil conditioning & fertilizers application anticipated to show lucrative growth with the CAGR over 6.5% in the forthcoming years. Calcium carbonate is widely used to neutralize soil acidity and to supply calcium for plant nutrition. Soil conditioning increases phosphorous availability, nitrogen fixation, mineralization, and nitrification. It also improves the root condition of the crops and provides better productivity.
Increasing government initiatives to support local farmers, in terms of awareness, technology & advancement in cultivation, will propel North America calcium carbonate market growth. Also, increasing focus to reduce imports of food items is increasing the demand for better agricultural productivity.
Browse key industry insights spread across 170 pages with 96 market data tables and 38 figures & charts from the report, “North America Calcium Carbonate Market By Type (Ground Calcium Carbonate, Precipitated Calcium Carbonate), By End Use (Paper & Pulp, Plastics & Composites, Adhesives & Sealants, Paint & Surface Coatings, Construction & Architecture, Glass & Ceramics, Agriculture, Animal Feed), By Application (Food & Beverage, Dietary Supplement, Pharmaceuticals, Manufacturing, Mining & Mineral Processing, Soil Conditioning & Fertilizers, Feed Additive), Industry Outlook Application Development Potential, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Rapid growth of plastic industry in the Mexico led to boost calcium carbonate market growth in the projected timeframe
Mexico calcium carbonate witnessed a significant growth in the overall North America calcium carbonate market and accounted for over 15% of the market share in 2020. The increasing packaging industry due to rising packaged food & beverage consumption and production plays a vital role in the growth of the plastics industry.
Specialized containers, pallets, and bins with electrostatic discharged coatings are utilized in the production and final packing of products and are in demand among manufacturers. Thermoformed plastic packaging is also in high demand due to growing online distribution channel in the food & beverage, pharmaceutical, and others industries.
Key players in the North America calcium carbonate industry are implementing different strategies including mergers & acquisitions and partnership to improving their performances and product offerings worldwide. For instance, In August 2021, Carmeuse Americas announced the acquisition of the assets of Linwood Mining & Minerals company. In which the company acquire 100% of the equity of Superior Minerals and lime production, a milled limestone operation that serves agricultural and construction markets. The strategic initiative was aimed to expand the company’s footprint in the Midwest.