Calcium carbonate market demand is booming due to its increased use in oil, paper, pharmaceutical, food, health, oil, and chemical industry. Global oil and gas market demand is likely to surpass USD 115 million barrels per day in the forecasted timeframe owing to its increasing demand in commercial and domestic segment. CaCO3 is the most common component used to avoid hazards in oilfield operations, thereby stimulating calcium carbonate market growth. —
Calcium carbonate holds significant applications in food & beverages, agro-chemical, pharmaceutical, cosmetics & personal care, in neutralization process and household products. Increasing demand for treated and clean drinking water is likely to propel use of CaCO3 as a water-treating agent on account of its property to adjust the pH of untreated water. Global water neutralizer market size is expected to surpass USD 14.5 billion by 2025 owing to increasing demand of clean water in food & beverage, pharmaceutical industry, and households, which should increase calcium carbonate market share.
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Europe calcium carbonate market size led by France, Germany, Spain and UK should witness significant growth owing to rising demand in construction and paper industry. Regional construction and paper companies are using precipitated CaCO3 that will reduce amount of raw materials required and increase performance. It is used in marble, limestone industry and water treatment to remove impurities and soften it. Europe is inclined towards increased intake of calcium carbonate owing to increasing demand for sustainable environment construction. Germany construction market size surpassed USD 1.50 trillion in 2018 on account of increasing population and flexible government policies, thereby boosting calcium carbonate market demand.
Asia Pacific, led by India, Japan, and South Korea and China calcium carbonate market revenue is likely to grow in 2025 owing to their increasing demand in the paper, plastic, pulp, construction and automotive industry. Rising demand from rubber and plastic industries would propel precipitated and ground calcium carbonate market growth over the forecasted period. India paper goods market demand is predicted to surpass 23.5 million tons by 2025 owing to increasing literacy rate and population growth, thereby elevating market size.
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North America led by Canada, Mexico and the U.S. calcium carbonate market value is likely to grow in the forecasted period on account of strong construction segment outlook with average investments. It is used in industrial settings to neutralize acidic conditions in both soil and water on account of its antacid properties. U.S. construction market size is likely to surpass USD 1,800 billion by 2025 owing to investments made by U.S. government in networking, and strong economic conditions, which should boost product demand.
Calcium carbonate market share is moderately competitive and fragmented. Major players are GLC Minerals, Minerals Technologies, Maruo Calcium, Shiraishi Kogyo Kaisha, Mississippi Lime, Huber Engineered Materials, Imerys., Okutama Kogyo, and Omya. These companies have established on-site production facilities to source high-quality precipitated calcium carbonate to paper mills, investing on R&D to drive market growth.
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