NEWARK, Del, Dec. 06, 2023 (GLOBE NEWSWIRE) -- The United States ground and precipitated calcium carbonate industry revenue is projected to increase from US$ 4,468.3 million in 2023 to US$ 6,435.6 million by 2033. Over the assessment period, demand for ground and precipitated calcium carbonate is projected to surge at a CAGR of 3.7%.
Ground calcium carbonate segment is expected to dominate the target business during the assessment period. It is set to hold a volume share of 84.5% in 2023. On the other hand, the precipitated calcium carbonate segment is set to rise at a CAGR of 4.3% through 2033.
The United States ground calcium carbonate (GCC) business is dominant due to the country's abundant natural reserves of limestone and marble, which are the primary sources of GCC. The availability of these resources provides a consistent and reliable supply base for the production of GCC.
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Several factors are expected to drive sales growth in the United States through 2033. These include rising need for cost-effective fillers and rapid expansion of industries like construction, paper, paints & coatings, and pharmaceuticals.
Calcium carbonate is a key ingredient in industries such as paper, plastics, paints and coatings, adhesives, and construction. The wide range of applications contributes to its widespread use and prevalence.
Calcium carbonate, especially GCC, is often favored for its cost-effectiveness compared to other materials. The production process for GCC is generally less expensive, making it a cost-efficient choice for industries where pricing considerations are crucial, contributing to its dominance in the country.
Calcium carbonate is witnessing a higher demand in the paper industry. Its long-established usage as a filler and coating pigment in papermaking has solidified its position as the preferred choice in this sector. It's role in improving the quality and printability of paper is contributing significantly to its adoption.
Key Takeaways from the Report
- Demand for ground and precipitated calcium carbonate in the United States is projected to rise at 3.7% CAGR through 2033.
- By product type, ground calcium carbonate segment is expected to total a valuation of US$ 4,777.0 million by 2033.
- By application, the fillers segment is set to hold a value share of 65.7% in 2023.
- By end use, the paper segment is set to hold a revenue share of 26.9% in 2023.
- The West United States is expected to account for a significant share of about 36.4% in 2033.
- South United States revenue is anticipated to reach US$ 2,003.8 million by 2033.
- Demand in the Midwest United States is predicted to rise at 2.2% CAGR through 2033.
“The United States ground and precipitated calcium carbonate business is poised to witness healthy growth due to escalating environmental regulations and expanding industrial sectors,” says Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
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Who is Winning?
Imerys S. A., Minerals Technologies Inc., J.M. Huber Corporation, Omya AG, Carmeuse, Mississippi Lime Company, and United States Lime & Minerals Inc. are the leading manufacturers of ground and precipitated calcium carbonate listed in the full version of the report.
Key players are focusing on the expansion of domestic production and technology areas to provide cost-efficient solutions to consumers. They are also investing in developing new products and further innovation on the existing ones to meet end-user demand.
Recent developments:
- In 2022, MK Minerals was acquired by Omya AG.
Report Scope of the United States Ground and Precipitated CaCO3 Industry Analysis
| Attribute | Details | |||
| Estimated Business Size (2023) | US$ 4,468.3 million | |||
| Projected Value (2033) | US$ 6,435.6 million | |||
| Anticipated Growth Rate (2023 to 2033) | 3.7% | |||
| Historical Data | 2018 to 2022 | |||
| Forecast Period | 2023 to 2033 | |||
| Quantitative Units | Value (US$ million) and Volume (Kilotons) | |||
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis | |||
| Key Segments Covered |
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| Regions Covered |
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United States Ground and Precipitated Calcium Carbonate Business Segmentation
By Product Type:
- Ground Calcium Carbonate
- Coarse GCC (Greater than 100 microns)
- Medium GCC (30 to 100 microns)
- Fine GCC (Less than 30 microns)
- Precipitated Calcium Carbonate
- Nano PCC (Less than100 nanometers)
- Ultrafine PCC (0.1 to 1micron)
- Fine PCC (1 to 3 microns)
- Coarse PCC (Greater than 3 microns)
By Application:
- Food Grade
- Fillers
- Neutralizing Agents
- Construction Materials
- Dietary Supplements
- Desulfurization
- Additive
- Others
By End Use:
- Paper
- Plastic & Rubber
- Paint & Coatings
- Adhesives & Sealants
- Cement & Ceramics
- Agriculture
- Pharmaceuticals
- Food
- Others
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing – ‘The Way Forward’.
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Related Research Reports on Chemicals & Materials: Navigating Industry Developments
The global ground and precipitated calcium carbonate market is likely to record a CAGR of 5.4% during the forecast period. The market is projected to be valued at US$ 24.4 billion in 2023 and is likely to be valued at US$ 41.3 billion by 2033.
Demand for calcium carbonate is expected to witness a Y-o-Y growth of 5.1% and reach US$ 24.4 Billion by 2022. The growth trend is likely to continue and reach US$ 41.3 Billion by the end of the forecast period, reflecting a CAGR of 5.4% (2022 to 2032).
The global calcium acetate market is projected to grow at a moderate pace through the forecast period (2019-2019).
The calcium ammonium nitrate market is expected to grow at a CAGR of 3.5% during the forecast period ranging from 2022 to 2032.
The global calcium oxide market is relishing a market valuation of US$ 4,573.4 Million in 2022 and is all set to expand with a CAGR of 5.3% during the 2022 to 2032 period.
About Future Market Insights (FMI)
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