Calcium Carbonate Market: Applications in Food and Pharmaceuticals

 The global calcium carbonate market was valued at USD 47.53 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2030. This growth is primarily driven by the increasing demand for paper products, particularly those used in hygiene-related applications like tissue paper and packaging materials.

 

However, the COVID-19 pandemic caused a temporary setback in 2020. Widespread lockdowns and economic disruptions led to a decline in demand. Nevertheless, as restrictions eased in the latter half of the year, industries resumed operations, signaling a positive outlook for the market's future.

 

The United States has been a significant market for calcium carbonate, owing to its robust demand from sectors such as paints & coatings, adhesives & sealants, and paper manufacturing. Paper, being the largest application segment, benefits from the U.S.'s position as a major global paper producer.

 

Despite the pandemic's impact on the U.S. economy, the demand for calcium carbonate, especially in the paper industry, remains strong. This is fueled by a growing emphasis on cleanliness and hygiene, driving the need for paper-based products.

 

Gather more insights about the market drivers, restrains and growth of the Calcium Carbonatea Market

 

Application Segmentation Insights

 

 

Paper Segment Dominance

In 2023, the paper industry was the largest consumer of calcium carbonate, accounting for approximately 41.69% of the market share. Calcium carbonate is a crucial ingredient in paper production, enhancing its brightness and opacity. While the digital age has impacted traditional print media, the demand for paper in other applications, like packaging and tissue paper, remains strong.

 

Pandemic-Driven Growth

The COVID-19 pandemic accelerated the demand for paper products, particularly packaging and tissue paper. Manufacturers responded by increasing production to meet the surging consumer needs. For example, Celulosa Argentina boosted its paper packaging production by 30% in August 2020 to cater to the growing food industry. The rise of e-commerce and increased tissue paper usage further solidify the paper segment's dominance in the foreseeable future.

 

Building & Construction on the Rise

The global construction industry is a major consumer of calcium carbonate, and it is projected to experience significant growth over the next few years. Although the COVID-19 pandemic initially disrupted the construction sector, it has since rebounded. Countries like the U.S. and India are leading the charge in infrastructure development, driving demand for calcium carbonate. The construction of railways, roads, airports, and harbors requires substantial amounts of calcium carbonate for various applications, including concrete and cement production.

 

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