According to a new market report published by Lucintel, the future of ground and precipitated calcium carbonate market looks good with opportunities in the packaging, building & construction, transportation, and industrial end use industries. The global ground and precipitated calcium carbonate market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $24.8 billion by 2025 with a CAGR of 2% to 4% from 2020 to 2025. The major growth drivers for this market are increasing per capita paper consumption and growth in plastic demand in the building and construction industries.
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In this market, ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC) are used as filler in paper, plastic, paint & coating, rubber, and adhesives & sealants. Lucintel forecasts that GCC will remain the largest segment due to the growth in plastic and coating applications. On the basis of its comprehensive research, Lucintel forecasts that PCC will witness the highest growth during the forecast period and this growth will be supported by increasing penetration in plastic and paint & coating applications due to its high brightness, opacity, and absorption level.
Within the GCC and PCC market, the paper segment is expected to remain the largest application market by value and volume consumption. Growth of the packaging and tissue paper market is expected to drive the paper segment over the forecast period. Lucintel predicts that demand for calcium carbonate in the paint and coating market is expected to witness the highest growth in the forecast period due to increasing usage of calcium carbonate as a substitute of titanium dioxide.
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Asia Pacific is expected to remain the largest market by value and volume and is also expected to witness the highest growth over the forecast period due to the growth in paper and plastics in the APAC region particularly in China and India.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing consumption of nano-precipitated calcium carbonate and the emergence of green product for low carbon footprint. Omya, Imerys, Mineral Technologies, and Nordkalk are among the major suppliers of ground and precipitated calcium carbonate.
The study includes a forecast for the global ground and precipitated calcium carbonate market by application, product type, end use industry, and region as follows:
By Application [volume (kilotons) and $M shipment from 2014 to 2025]:
Paper
Plastics
Paint and Coating
Rubber
Adhesive and Sealant
Others
By Product [volume (kilotons) and $M shipment from 2014 to 2025]:
Ground Calcium Carbonate (GCC)
Precipitated Calcium Carbonate (PCC)
By End Use Industry [volume (kilotons) and $M shipment for 2014 to 2025]:
Packaging
Building and Construction
Printing
Transportation
Industrial
Consumer
Others
By Region [Volume (Kilotons) and $M shipment analysis for 2014 – 2025]:
North America
Europe
Asia Pacific
Rest of the World
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