According to the report titled ‘Global Calcium Carbonate Market Size study, by Type (GCC and PCC), End-Use Industry (Paper, Plastic, Paints & Coatings, Adhesive & Sealants, and others), and Regional Forecasts 2021-2027’ available with MarketStudyReport, global calcium carbonate market was valued at USD 39.2 billion in 2020 and is expected to grow at 5.6% CAGR during the forecast period, thereby reaching a valuation of USD 57.4 billion by the end of 2027. 
 

Cost-effectiveness nature of the product, and rising demand from paper and plastic industries in developing countries are factors driving the growth of global calcium carbonate market.
 

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Furthermore, due to its anti-corrosion, calcium carbonate is used in manufacturing high strength and multi-functional aluminum components. Widespread usage of these components in transportation, industrial, building & construction, and automobile verticals is impelling the industry share.
 

To this effect, the European Automobile Manufacturers' Association (ACEA) estimated that 77.9 million automobiles were manufactured worldwide in 2020 and it is estimated to rise exponentially over the next 6 years, thus boosting the demand for calcium carbonate. 
 

Despite the positive outlook, higher costs owing to increasing logistics charges, and the availability of substitute materials are expected to hamper industry development to some extent over the study period.
 

Based on type, worldwide calcium carbonate industry split into ground calcium carbonate (GCC), and precipitated calcium carbonate (PCC). Concerning the end-user spectrum, the market is divided into adhesives & sealants, paper, paints & coatings, plastics, and others. 
 

From a regional standpoint, Asia pacific market accrued massive revenues in 2020 and is estimated to grow considerably during the projected timeframe, due to increased automotive production in developing countries like China, Japan, and India. 
 

Additionally, constant aeronautical advancements, and rise in the use of calcium carbonate in producing curtain walling, shop partitions, fittings, windows, cladding, and others in building & construction sector are poised to bolster regional share by the end of 2027.
 

The competitive landscape of global calcium carbonate market is defined by companies such as Imerys S.A., AGSCO Corporation, Blue Mountain Minerals, Gulshan Polyols Ltd., GCCP Resources Limited, Carmeuse Lime & Stone Inc., ILC Resources, GLC Minerals LLC, and Greer Limestone Company among others.