Calcium Carbonate Market to Witness USD 15.53 Bn Revenue Growth through 2023-2027 |APAC to Lead Global Market Landscape
According to Technavio's research report, between 2022 and 2027, the Calcium Carbonate Market (CaCO3) will expand at a compound annual growth rate of 6.2%. A rise of USD 15.53 billion is anticipated in the market size. The growing significance of PCC in the paper industry, the rising use of calcium carbonate in the paint and coatings sector, and the growing use of calcium carbonate as an industrial filler are some of the factors driving the market's expansion.
Leading companies that equally contribute to this market advancement are CRH Plc, GCCP Resources Ltd., Imerys S.A., J M Huber Corp., Lhoist SA, Minerals Technologies Inc., Mississippi Lime Co., Parchem Fine and Specialty Chemicals Inc., Omya International AG, SCHAEFER KALK GmbH and Co. KG, AGSCO Corp., SCR Sibelco NV, Carmeuse Coordination Center SA, Cerne Calcium Co., GLC Minerals, Greer Industries, Gulshan Polyols Ltd., Zillion Sawa Minerals Pvt. Ltd., etc are worth mentioning.
Technavio has been monitoring the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
APAC to Lead the Global Market Landscape
APAC to Lead the Global Market Landscape of the Calcium Carbonate Market
48% of the market’s growth will originate from APAC during the forecast period. as APAC's fast urbanization and economic expansion are two major reasons that have greatly fueled the region's calcium carbonate (CaCO3) market expansion globally. The need for calcium carbonate in a variety of applications, including paints, coatings, plastics, and building materials, has been fueled by the notable growth of the industrial sector, construction activities, and infrastructure development.
Technavio's report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. Track down a detailed analysis of the prevalent market forces, trends, and drivers that are likely to impact the market in focus in our report.
Calcium Carbonate Market Highlights of the Report for 2023-2027