Calcium Carbonate Market Size and Trends

The Calcium Carbonate Market size is expected to reach US$ 70.40 Billion by 2031, from US$ 46.40 Billion in 2024, growing at a CAGR of 6.1% during the forecast period. Calcium carbonate is a chemical compound with the formula CaCO3. It is a common substance found in rocks as the minerals calcite and aragonite (most notably as limestone, which is a type of sedimentary rock consisting mainly of calcite) and is the main component of shells of marine organisms, snails, coins, and eggshells. Calcium carbonate exists in three crystalline forms, calcite, aragonite and vaterite. The polymorph calcite is the most stable at standard temperature and pressure and is the most prevalent form in nature.

Calcium Carbonate Market Trends:

Usage of nano materials: The usage of nano materials is increasingly influencing the calcium carbonate market in recent years. Calcium carbonate is one of the most widely used industrial minerals, found in products like paper, paints, plastics and more. At the nano scale, the material takes on new optical, mechanical and chemical properties that are useful in various applications. For instances, According to the International Energy Agency's Global EV Outlook 2022 report, electric car stock exceeded 16 million vehicles in 2021 representing 10% annual growth compared to 2020, with nearly 70% of all EVs on Chinese roads.
Addition of value-added products: The calcium carbonate market has been witnessing positive developments owing to rising adoption of value-added products across various end-use industries. Calcium carbonate is increasingly being produced in specialized grades that cater to specific industrial requirements. Manufacturers are investing in R&D to customize particle size distribution, brightness, bulk density, oil absorption capacity, pH and heavy metal content of calcium carbonate. This has expanded its application scope beyond traditional areas like paper, plastics and paints. For instances, according to the European Commission's 2022 report on nano materials, the production and use of nano particulate calcium carbonate is growing at over 7% annually in the EU. Nanoparticles enable novel product formulations and applications.