What Has Been The Evolution of the Precipitated Calcium Carbonate Market in Recent Years?
The precipitated calcium carbonate market has seen considerable growth due to a variety of factors.
• The market for precipitated calcium carbonate (PCC) has experienced substantial growth in recent times. It is projected to rise from $2.09 billion in 2024 to $2.24 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%.
The expansion during the historical period can be ascribed to the growing focus on product quality, enhanced demand for PCC, increasing need for high-quality coatings, a surge in consumer goods manufacturing, and increased consumer expenditure.
What Are the Future Growth Projections for the Precipitated Calcium Carbonate Market?
The precipitated calcium carbonate market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, the market size of precipitated calcium carbonate is projected to experience robust growth, escalating to $2.91 billion by 2029 with a compound annual growth rate (CAGR) of 6.8%.
Such growth within the prediction period can be accredited to the increasing inclination towards specialty GCC grades, emphasis on ecological compliance and sustainability, swift industrial growth in emerging economies, focus on functional filler effectiveness, and concentration on health and safety. Notable trends within the forecast period encompass advancements in papermaking technology, the incorporation of digital twin technology, synergy with digital marketing, integration with biodegradable materials, and sophisticated surface modification.
What Are The Core Factors Supporting Growth In The Precipitated Calcium Carbonate Market?
The expansion of the personal care and cosmetics industry is anticipated to boost the precipitated calcium carbonate market's growth. This industry encompasses a wide array of goods and services aimed at improving or preserving one's appearance, hygiene, and overall health. The industry's growth is often attributed to prevailing trends like increased beauty consciousness, focus on health and wellness, diversity and inclusivity actions, and burgeoning e-commerce. Precipitated calcium carbonate (PCC) is a critical ingredient in personal care commodities, where it maintains stable emulsions and suspensions ensuring uniform texture and prolonged shelf life. Further, its non-toxic, hypoallergenic features and affordable nature placate the demand for natural items, thereby allowing manufacturers to maintain competitive pricing. For example, a report released by the International Trade Administration, a Department of Commerce entity in the U.S. that encourages exports of nonagricultural goods and services, in July 2022 stated that the Canadian cosmetics market had earned approximately USD 1.24 billion in 2021. The expected annual growth of 1.45% could potentially raise these earnings to USD 1.8 billion by 2024. Consequently, the ever growing personal care and cosmetics sector is instrumental in advancing the precipitated calcium carbonate market.
What Are The Major Segments Within The Global Precipitated Calcium Carbonate Market?
The precipitated calcium carbonatemarket covered in this report is segmented –
1) By Grade: Food, Pharmaceutical, Reagent, Cosmetic
2) By Distribution Channel: Direct Sales, Distributors, Online Retail, Specialty Stores
3) By Application: Polyvinyl Chloride Pipe (PVC), Rubber, Sealant And Adhesives, Paper Industry, Paint And Coating Industry, Printing Ink, Pharmaceutical Industry, Food Industry, Cosmetics Industry, Other Applications
Subsegments:
1) By Food: Food Additives, Nutraceuticals, Fortification Agents
2) By Pharmaceutical: Tableting Agent, Calcium Supplement, Filler And Binder In Formulations
3) By Reagent: Laboratory Grade, Industrial Grade, Research and Development Applications
4) By Cosmetic: Coloring Agent, Texturizer, Filler In Creams And Lotions
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Which Emerging Market Trends Are Altering The Precipitated Calcium Carbonate Industry?
Leading firms in the precipitated calcium carbonate industry are concentrating on enlarging their production plants to meet increasing demand for their merchandise. By investing in and expanding their manufacturing facilities, these companies are able to boost their calcium carbonate output, meet the growing demand, and consolidate their market status. For instance, in April 2023, Omya International AG, a company specializing in minerals and specialty materials from Switzerland, disclosed new investments in the Asia-Pacific area dedicated to aiding the paper and board sector. The company plans to establish seven calcium carbonate manufacturing plants in China and Indonesia, encompassing both ground and precipitated calcium carbonate facilities. These plants will have a combined production capacity of approximately 1 million dry metric tons annually. It is anticipated that these new plants will be operational between the years 2023 and 2024.
Who Are the Key Players In The Precipitated Calcium Carbonate Market?
Major companies operating in the precipitated calcium carbonate market are:
• Solvay S.A.
• Nippon Paper Industries Co. Ltd.
• Omya AG
• Sibelco Group
• Carmeuse Holdings Inc.
• Graymont Limited
• Maruo Calcium Co Ltd.
• SCHAEFER KALK GmbH & Co. KG
• Cales de Llierca S.A.
• Astra Mining Private Limited
• Calcinor S.A.
• Nanoshel LLC
• Lime Chemicals Limited
• EZ Chemicals Inc.
• Shree Karni Chemicals Pvt Ltd.
• Chemical & Mineral Industries Private Limited
• Deepali Minerals
• Kunal Calcium Limited
• HTMC Group
• Mahaveer Ceramic Industries
• Braj Chemical & Minerals
What Is The Most Dominant Region In The Precipitated Calcium Carbonate Market?
Asia-Pacific was the largest region in the precipitated calcium carbonate market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the precipitated calcium carbonate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
