From GlobeNewswire: 2024-06-21 10:00:00

The global Ground Calcium Carbonate Market is expected to grow from USD 28.18 Billion in 2023 to USD 50.19 Billion by 2033, at a CAGR of 5.94%. Calcium carbonate is used in various industries, including medical, pharmaceutical, and biodegradable polymers for therapeutic applications. Moving costs may impact market growth negatively.

The Ground Calcium Carbonate (GCC) segment is projected to dominate the market, with advantages like low costs and illumination. GCC is widely used in adhesive and sealant applications due to its ability to control shrinkage and improve product properties. The Paints & Coatings segment is expected to grow at the fastest rate during the forecast period.

Asia Pacific is expected to hold the largest market share, driven by the high paper consumption in China, India, and South Asia. The growth of e-commerce in the region has increased demand for paper packaging. North America is likely to witness the fastest CAGR growth due to increased demand in the paints and coatings industry.

Major vendors in the market include Chemical & Mineral Industries Pvt. Ltd, GLC Minerals, Huber Engineered Materials, and others. Recent developments include Cimbar Resources Inc.’s acquisition of Imerys Carbonates USA Inc.’s assets in a diversification effort. Market segments include type (GCC, PCC) and end-users (paper, plastic, paints & coatings, etc.) across regions.



Read more at GlobeNewswire: Global Ground Calcium Carbonate Market Size To Exceed USD