The continuous demand from the paper industry and the surge in demand for calcium carbonate from the booming paint and coatings industry have driven the growth of the calcium carbonate market.
New York, September 9, 2021 (GLOBE NEWSWIRE) - Calcium Carbonate Market: Main insights based on our new research on "Calcium Carbonate Market by 2028-Global Analysis and Forecast-By Type and Application", Calcium Carbonate The market is expected to increase from US$36.777.2 billion in 2021 to US$2.41862 billion by 2028; the compound annual growth rate from 2020 to 2028 is expected to be 4.7%. In 2020, North America will have the largest share of the global calcium carbonate market.
Calcium carbonate is widely used in the fields of paper, plastics and adhesives. Calcium carbonate is used in the pharmaceutical industry to manufacture various drugs and tablets, including antacids. It is also used as a neutralizing acid in some food and beverage preparations to balance pH. In the papermaking industry, calcium carbonate is mainly used as a filler in the alkaline papermaking process. Because of its high brightness and light-scattering ability, it is used to produce brighter, fluffy and smoother paper. To increase the filler content in paper, many paper manufacturers use cost-effective calcium carbonate. It is also used for indoor and outdoor house coatings, primers, sealants and varnishes. Therefore, the expansion of the application base of calcium carbonate will further provide growth opportunities for the calcium carbonate market during the forecast period.
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Calcium carbonate market: competitive landscape and key developments Abetong AB, Boral, CEMEX SAB de CV, Consolis, ELO Beton, Forterra, GULF PRECAST, LafargeHolcim, Tindall Corporation and Spancrete are among the well-known companies operating in the global calcium carbonate market.
Due to government support initiatives, global construction activities are increasing. Paints and coatings are mainly used for the protection and decoration of construction projects. Manufacturers in the paint and coatings market continue to introduce new, high-performance and environmentally friendly products. Calcium carbonate has a special white color, making it the pigment of choice for coating applications. It provides improved paint gloss, opacity and abrasion resistance. Due to its high gloss retention, it is suitable for the uppermost coating. Therefore, calcium carbonate is widely used in the paint and coating industry. The automotive industry is another area that generates high demand for paint and coating products, which in turn drives the growth of the calcium carbonate market.
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Calcium carbonate market: breakdown overview According to type, the calcium carbonate market is divided into ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC). In 2020, the precipitated calcium carbonate sector will grow at a faster rate. PCC is another lime-derived compound that has many commercial uses. PCC is produced by hydrating high calcium quicklime and then reacting the resulting slurry (sometimes called "lime milk") with carbon dioxide. The PCC method can be used to produce very small products, large surface areas, high oil absorption, or different powder bulk densities, ranging from ultra-low to ultra-high powder densities. PCC comes in many forms and can be used as a functional additive for sealants, adhesives, plastics, rubber, inks, paper, medicines, nutritional supplements, and various other purposes. The milk of lime technology uses the direct carbonation of slaked lime to produce PCC. Because PCC can achieve small particle size and specific crystal form, it has a wide range of industrial applications. PCC improves the impact strength of rigid polyvinyl chloride (PVC), such as vinyl siding and fences, where some of the smaller particles can replace more expensive impact modifiers. PCC is a common ingredient in calcium-based antacid tablets and beverages because it is an effective acid neutralizer.
According to the application, the calcium carbonate market is segmented into paper, plastics, paints and coatings, adhesives and sealants, construction and construction, etc. During the forecast period, the paint and coatings sector is expected to see substantial demand. In the paint industry, calcium carbonate is often used. It helps to minimize the chance of pigment coagulation, while enhancing dispersion and coagulation of gloss-imparting pigments, increasing dispersion and enhancing gloss. The paint is usually composed of 20-60% calcium carbonate. Calcium carbonate is also commonly used in degreasing coatings, wall plaster powder, and putty as a filler component, and it can improve whiteness at high doses (up to 60%). The coating industry has widely accepted calcium carbonate because of its performance-enhancing properties. It can reduce the amount of dispersion used in latex paint by preventing sedimentation. The calcium carbonate in the coating can keep the relatively dense lithopone suspended and prevent it from sinking to the bottom. It can improve the strength, water resistance, dryness, and scrub resistance of the paint film, while reducing construction costs.
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The impact of the COVID-19 pandemic on the calcium carbonate market:
The production of raw materials is slowing down; the supply chain is unstable; the trade movement is slowing down; during the COVID-19 pandemic, the reduction in demand for construction, automobiles, paints and coatings is a key condition that hinders the development of the calcium carbonate market. The demand for calcium carbonate is most closely related to various industries such as paper, automobiles, plastics, construction and construction that face business uncertainties. The reduction of paper consumption in educational institutions, corporate offices, newspapers and periodicals printing industry hinders the development of the paper industry. However, the industry has already experienced paths from new application areas-food packaging, sanitary paper products, corrugated packaging and medical specialty papers. This in turn stimulated the demand for calcium carbonate, thus alleviating the impact of the pandemic to a certain extent.
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