Global Calcium Carbonate Increased From 64112 K MT In 2013 To 76926 K MT In 2017
Monday, 15 Oct, 2018
Calcium carbonate is usually marketed under two forms, Ground Calcium Carbonate (GCC) and Precipitated Calcium Carbonate (PCC). GCC is mainly produced from the physical grinding of limestone while PCC is got from the chemical synthesis. Between the two forms, GCC is the most widely used one and contributed 72.87% share in 2017 globally.
Applications of calcium carbonate include paper industry, plastic industry, paints & coatings industry, adhesive &sealant industry and so on. Paper industry is the largest consumer of calcium carbonate. In 2017, 30311 K MT was consumed in the paper industry. The follower is Plastic, which held 39.41% consumption share.
The calcium carbonate industry is relatively fragmented. Except a few manufacturers with capacity more than one million tons, most manufacturers’ capacity still ranges from 10 K MT to 500 K MT. Global production of calcium carbonate mainly concentrates in North America, Europe and Asia.
As for the consumption, Asia-Pacific is the largest consuming region, with 30356 K MT being consumed in 2017.
With the increasing demand of downstream industries, global production of calcium carbonate increased from 64112 K MT in 2013 to 76926 K MT in 2017. Market participants are optimistic on the future market and estimate that global calcium carbonate will be worthy of 100876 in 2023, with the CAGR of 4.62% during the period of 2017 to 2023.