Calcium Carbonate Market Analysis
The calcium carbonate market was valued at USD 21.2 billion in 2019 and is projected to reach USD 28.3 billion by 2024, growing at a cagr 6.0% from 2019 to 2024. Also, the global calcium market was at 125,282.6 kilotons in 2018 and is projected to register a cagr 4.4% between 2019 and 2024.

Calcium carbonate is a chemical compound represented by the chemical formula CaCO3. It is estimated that about 4 percent of the earth's crust is made up of calcium carbonate. It is found naturally in the form of minerals and rocks, some of which include calcite, limestone, chalk, marble, and aragonite. Calcium carbonate is used either in its naturally occurring state or in the pure form. Pure calcium carbonate is extracted from natural sources by various techniques such as mining and quarrying. At present, calcium carbonate used is widely used for multiple functions, including as a mineral filler, whitening agent, and an alkalizing agent.

Calcium Carbonate Market

Plastic to be the fastest-growing end-use industry of calcium carbonate during the forecast period.
In terms of value, plastic is projected to be the fastest-growing end-use industry of calcium carbonate during the forecast period. This is due to the increasing demand for calcium carbonate-reinforced polypropylene from the automotive industry and the ability of calcium carbonate to enhance the properties of plastics and help in improved heat dissipation. Also, the increasing use of plastics in various end-use industries such as packaging, building & construction, and electrical & electronics has increased the demand for plastics. These factors contribute to the growth of the calcium carbonate market in the plastic industry.

APAC to dominate the calcium carbonate market during the forecast period.
The growth in the APAC region can be attributed to the growing demand for calcium carbonate from various end-use industries such as paper, plastic, adhesives & sealants, and paints & coatings.

Calcium Carbonate Market

Market Dynamics
Driver: Increasing demand from paper and plastic industries in APAC
Calcium carbonate is a critical raw material for paper and plastics. The demand for paper is increasing in APAC as digital transformation is relatively slow. The economic growth witnessed in the developing countries of APAC has led to an increase in the use of paper packaging. China, India, and South Asian countries are the largest consumers of paper in the region. Moreover, the growth of the e-commerce industry in India and China has led to an increase in the demand for corrugated packaging solutions. Paper packaging is also used in industries such as food, healthcare, education & stationery, and personal care. All these factors are increasing the demand for paper in the region.

The plastic industry in APAC is also growing at a fast rate. The region is witnessing a high demand for plastics for various applications in packaging, automotive, construction, electrical & electronics, and other industries. The increasing use of plastics in these industries for multiple purposes, such as decreasing costs in packaging and construction industries, reducing weight in automotive parts, and as an insulator in electronic products, is driving the demand for calcium carbonate in APAC.

Restraints: Increasing cost due to high transportation charges
One of the significant factors affecting the calcium carbonate processor is the assured availability of the raw material at any time in the required quantity. To ensure the desired quantities are available, the production facility has to be built in the required magnitude, including a reserve capacity, which can be deployed for production in the event of technical difficulties. To ensure supply reliability, a logistics system has to be set up, which permits rapid switching of supply from one production site to the other. At the same time, the transport costs must be kept within economically acceptable bounds. The logistic costs for calcium carbonate are at an average of 25% of the selling price, but they can vary considerably. In recent times, various companies have increased the amount of their calcium carbonate products, as an increase in the transportation cost of the raw materials is one of the factors contributing to the pricing. For instance, the increased cost of transporting PCC from the manufacturing location to the paper mill increases the overall transportation cost. Hence, one of the leading companies, Mineral Technologies, is setting up satellite plants near paper mill manufacturing facilities to reduce cost. Certain companies also transport calcium carbonate in slurry form to reduce cost, although this might affect the quality of the product. Hence, the increasing cost of transporting calcium carbonate from one site to another acts as a restraint for the market.

Opportunity: Potential applications
Currently, calcium carbonate is majorly used in the paper, plastic, paints & coatings and adhesives & sealants industries. In addition, there are some potential applications of nano calcium carbonate. Nano calcium carbonate has attracted interest among researchers, especially for therapeutic applications. Calcium carbonate-based materials have biodegradable and biocompatible properties, which are ideal as a smart carrier to deliver genes, enzymes, and drugs. Studies are being conducted to implement these nanoparticles in therapeutic applications, including as an antibacterial agent, for gene delivery to target cancer cells, and for cancer drug delivery. These potential applications present various opportunities for the growth of the calcium carbonate market in the future.

Challenge: Declining paper industry due to increasing digitization
The paper industry has been severely affected by increasing digitalization and electronic publishing. The global paper industry has reduced over the past five years due to the shift to paperless communication and digital media across most developed economies. The demand for newsprint paper has also severely declined in recent years due to oversupply issues. The increasing use of digital media is progressively replacing paper, thereby hampering the market for office paper and newsprint paper, which is shrinking by about 5% per year. As calcium carbonate is widely used as a filler in writing & printing paper, newsprint paper, and paper packaging applications, the increasing digitalization acts a challenge for the market.

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