April 04, 2022
According to the market research report titled ‘North America Calcium Carbonate Market Size, Share and industry Analysis Report by Type (Ground Calcium Carbonate, Precipitated Calcium Carbonate), End Use (Paper & Pulp, Plastics & Composites, Adhesives & Sealants, Paint & Surface Coatings, Construction & Architecture, Glass & Ceramics, Agriculture, Animal Feed) and Application (Food & Beverage, Dietary Supplement, Pharmaceuticals, Manufacturing, Mining & Mineral Processing, Soil Conditioning & Fertilizers, Feed Additive), Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, North America calcium carbonate market is expected to garner strong returns by 2027.
Conclusive findings by industry experts opine that rapid expansion of the construction industry, growing inclination towards lightweight and electrical vehicles, and favorable government initiatives are the major factors aiding North America calcium carbonate market growth. Besides, spike in healthcare spending and growth in pharmaceutical industry is enhancing the industry outlook.
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For the unversed, calcium carbonate is utilized as a bulking agent in paper, plastic, rubber, ink, paint and as a component in construction, pharmaceutical, and cosmetic materials. Moreover, it is also utilized as a nutritional supplement in animal food.
Further, research studies by the Journal of Advanced Concrete Technology in October 2021 cited that calcium carbonate concrete can aid in curbing carbon emissions. The researchers found that calcium carbonate gathered from demolished concrete together with carbon dioxide captured from the air and industrial exhaust gases yielded calcium carbonate concrete, which could potentially find application as a construction material. Such advancements will continue to enhance the industry outlook in the ensuing years.
From the application perspective, the food & beverage segment of calcium carbonate market in North America is expected to touch a valuation of USD 720 million by the end of 2027. Parallelly, the dietary segment is touted to register 7.6% CAGR over the analysis period.
Meanwhile, the mining & mineral processing segment is slated to amass a revenue share exceeding USD 209 million, progressing at a CAGR of 5.4% through the analysis timeframe. The feed additive segment is anticipated to reach USD 393 million by the forecast period-end.
Speaking of end user scope, apart from paper & pulp, adhesives & sealants, plastics & composites, paint & surface coatings, glass & ceramics, construction & architecture, animal feed, and agriculture, the others segment is likely to surpass a valuation of USD 2.7 billion and capture a sizable market share by 2027.
The competitive framework of North America calcium carbonate business sphere is majorly influenced by key players such as Sibelco Group, Huber Engineered Materials, Mississippi Lime Company, Imerys S.A., Newpark Resources Inc., Mineral Technologies Inc., Blue Mountain Minerals, US Aggregates Inc., AGSCO Corporation, United States Lime & Minerals Inc., Calcinor S.A., Gulshan Polyols Ltd., and Carmeuse Americas.