The calcium carbonate market has been forecast to reach a total of 94 million tons by 2018, driven by the rising consumption in paper and plastic industries and the growing demand for PCC and GCC in Asia-Pacific, Latin America, and the Middle East.
Calcium Carbonate (CaCO3) is an inorganic mineral that finds extensive use as functional and commercial filler in plastic, paper, rubber, coatings, light chemicals, and architectural materials, among others. Along with talc and kaolin, the mineral is extensively used in metalloid mineral applications.
Dynamics of the global calcium carbonate market are closely linked to the trends in the paper, automotive, plastics, and construction industries, which are significantly affected by cyclical fluctuations of the global economy.
The main use of calcium carbonate is in the construction industry, either as a building material or limestone aggregate for road building or as an ingredient of cement or as the starting material for the preparation of builder's lime by burning in a kiln.
However, due to weathering mainly caused by acid rain, calcium carbonate (in limestone form) is no longer used for building purposes on its own, and only as a raw/primary substance for building materials.
Calcium carbonate is widely used medicinally as an inexpensive dietary calcium supplement or gastric antacid. It may be used as a phosphate binder for the treatment of hyperphosphatemia (primarily in patients with chronic renal failure). It is also used in the pharmaceutical industry as an inert filler for tablets and other pharmaceuticals.
Asia-Pacific represents the largest and the fastest growing market for calcium carbonate, globally, with rapid progress of plastics and paper industries expected to drive future growth. Rise in paper production, establishment of new paper mills and increase in mineral loadings of paper to cut down pulp usage are expected to drive demand for both ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC).
Ground calcium carbonate (GCC) represents the largest and the fastest growing product segment in the calcium carbonate market. While the demand for GCC from Asian countries is expected to be robust, North America and Europe are expected to register lacklustre growth. Paper and plastics are the major end-use markets for GCC.
For more information on the calcium carbonate market, see the latest research: Calcium Carbonate Market Research
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