Precipitated Calcium Carbonate Market Size to grow by USD 2507.55 million between 2023-2027
According to a research report “ Precipitated Calcium Carbonate Market” by Type (Pharmaceutical grade, Industrial grade) End-user (Paper, Plastic, Paint, Adhesive and sealant, Others) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 2507.55 million, at a CAGR of 4.75% during the forecast period. In the paper industry, Precipitated Calcium Carbonate (PCC) has gained significant importance due to its superior characteristics and versatile applications. As a premier filler, coating pigment, brightening agent, and surface finish additive, PCC is extensively utilized in paper manufacturing. Its fine particle size and controlled application make it a preferred choice for enhancing paper gloss and promoting bonding. As a manufactured mineral, PCC offers manufacturers the ability to optimize and control its physical and chemical properties, including particle size distribution, particle size, surface area, surface chemistry, and particle shape, thereby ensuring consistent product quality and improved performance..
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By Type, the Pharmaceutical grade segment is projected to dominate the market size in 2024
In the pharmaceutical sector, Precipitated Calcium Carbonate (PCC) of pharmaceutical grade is a crucial ingredient due to its exceptional purity and quality. This specialized form of calcium carbonate undergoes stringent testing and meticulous processing to meet the exacting standards of the pharmaceutical industry. Widely employed as a calcium source in various pharmaceutical and dietary supplements, pharmaceutical-grade PCC ensures optimal bioavailability, contributing to bone health, nerve function, muscle contraction, and numerous other physiological processes. Moreover, it is indispensable in antacid formulations, alleviating symptoms of heartburn, acid indigestion, and stomach upset.
By End-user, Paper segment is expected to hold the largest market size for the year 2024
In the paper industry, Precipitated Calcium Carbonate (PCC) serves as an essential component, functioning as both a filler and coating pigment. Its utilization significantly enhances paper properties and boosts overall quality. PCC's fine surface improves printability, while its addition reduces the need for wood fiber. The growing demand for specialty papers in packaging, printing, and tissue sectors is expected to fuel market expansion in this segment. Key benefits of PCC in papermaking include enhanced opacity, brightness, smooth surface finish, improved whiteness, and effective coating pigment and filler material. Consequently, the integration of PCC in paper production optimizes paper attributes, enhances print quality, and elevates the performance of various paper products, thereby driving the paper segment's growth throughout the forecast period.
APAC is forecasted to hold the largest market size by region in 2024
In the Precipitated Calcium Carbonate (PCC) market, the Asia Pacific (APAC) region holds the largest share and is projected to exhibit a significant Compound Annual Growth Rate (CAGR) throughout the forecast period. This growth can be attributed to the burgeoning demand from various applications, particularly in the building and construction sector. The region's industrial expansion, coupled with substantial government investments in infrastructure development, is fueling the market's expansion. Notably, China and India are emerging economies that are investing heavily in residential and commercial construction, as well as infrastructure projects, which will significantly contribute to the regional market's growth. For instance, China's 14th Five-Year Plan (2021-2025) prioritizes the construction industry as a key driver of economic growth, aiming for a 6% share of the country's GDP by 2025.
The Precipitated Calcium Carbonate Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Precipitated Calcium Carbonate (PCC) market is witnessing significant growth due to its wide application in various economic activities. In the construction industry, PCC is used as a filler in aggregates, crushed stone, and concrete, enhancing their properties such as opacity and brightness. The plastic industry uses PCC as a reinforcing filler and as a coating agent for enhancing the surface finishing of products. The paper sector relies on PCC for tissue production, while the healthcare and pharmaceuticals industry utilizes it in the manufacturing of ointments, antacids, and additives. Tight environmental regulations have led to the increased demand for PCC in green applications, replacing traditional carbon sources. However, stalled housing projects and social distancing norms due to the pandemic have affected the consumption of PCC in the construction sector. The availability of substitutes such as ground calcium carbonate and calcite has also impacted the market growth. PCC is also used in the rubber, plastics, paints and coatings industries, and in the manufacturing of medicines. The demand for PCC in these sectors is expected to remain stable due to the continuous growth in economic activities. Overall, the Precipitated Calcium Carbonate market is expected to grow steadily, driven by its diverse applications in various industries.
Market Research Overview
The Precipitated Calcium Carbonate (PCC) market is witnessing significant growth due to its extensive applications in various industries. In the paper sector, PCC is widely used as a filler in tissue production, paper coating, and alkaline papermaking processes. The tissue demand is surging due to the increasing awareness of hygiene and health, leading to a rise in the consumption of paper products. However, the market growth is facing challenges due to tight environmental regulations and stalled housing projects. The construction industry, a major consumer of PCC as an aggregate and in cement production, has been affected by social distancing norms and economic activities slowdown. In the surface finishing industry, PCC is used as a mineral filler in paints and coatings, plastics, and rubber. Its smoothness, printability, and opacity make it an ideal choice for these applications. Moreover, PCC is used in the healthcare and pharmaceuticals industry as a filler in medicines, both as macronutrients and micronutrients. The availability of substitutes, such as kaolin and crushed stone, may limit the market growth. However, the increasing demand for green applications and the use of PCC in calcium mineral supplements and antacids provide opportunities for market expansion. The market is expected to grow significantly in the coming years due to the increasing demand for PCC in various end-use industries.
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