888-776-0942 from 8 AM - 10 PM ET
NEW YORK , June 29, 2022 /PRNewswire/ -- The growing demand from the pharmaceutical industry is one of the major trends in the precipitated calcium carbonate market. PCC is preferred by several end-user industries due to its versatile properties. It is considered non-toxic and can be used as a food additive as well as a direct and indirect pharmaceutical ingredient. PCC is added as an excipient and filler compound in pills and tablets. It is also used as a bulking agent in various liquid medicines, syrups, ointments, and creams. Moreover, the increasing medical and healthcare expenditure is expected to support the growth of the global PCC market.
The precipitated calcium carbonate market is expected to grow by 5.36 mn tons from 2020 to 2025. The report projects that the market will progress at a CAGR of 4.75% during the forecast period.
Make confident decisions using the insights and analysis provided by Technavio. Request a Sample Report
Precipitated Calcium Carbonate Market: Driver and Challenge
The importance of PCC in paper industry is driving the growth of the market. For instance, it is used as a filler, coating pigment, brightening agent, and surface finish additive in the industry. PCC enhances the gloss and promotes bonding in the paper. It is a cost-effective mineral used in the production of high-quality paper and paperboard. Thus, the demand for PCC in the paper industry is increasing. The rising consumption of PCC in paper manufacturing is anticipated to boost the global PCC market.
Declining sources of limestone are challenging the precipitated calcium carbonate market growth. Limestone is an economical source of calcium carbonate. Limestone reserves are concentrated in North America , especially in the US. However, a majority of the reserves are located away from major consuming regions. Hence, limestone mining operations are considered economically unpractical by PCC manufacturers. The rising environmental and public concerns regarding limestone mining due to noise and air pollution are also hindering the market growth. Thus, the reducing number of sources of limestone is hindering the global PCC market.
Find out about additional drivers and challenges in the market and their impact. Request a Sample Report
Precipitated Calcium Carbonate Market: Regional Analysis
The precipitated calcium carbonate market is segmented by geography into APAC, Europe , North America , MEA, and South America . APAC will account for 68% of the market's growth during the forecast period. An increase in the production of paper and the presence of large-scale paper manufacturing industries will drive the growth of the precipitated calcium carbonate market in APAC during the forecast period. China and India are the key countries for the precipitated calcium carbonate market in APAC. Moreover, market growth in this region will be faster than the growth of the market in other regions.
Get lifetime access to our Technavio Insights! Subscribe to our "Basic Plan" billed annually at USD 5000
Precipitated Calcium Carbonate Market: Segmentation Analysis
By end-user, the market has been segmented into paper, plastic, paint, adhesive and sealant, and others. The paper segment will have significant market share growth during the forecast period. Paper quality, brightness, and whiteness are some of the key factors driving the consumption of PCC in the paper industry.
Learn about the contribution of each segment of the market. Request a Sample Report
Calcium Peroxide Market by End-user and Geography - Forecast and Analysis 2022-2026
Dicalcium Phosphate Market by Application and Geography - Forecast and Analysis 2022-2026
Precipitated Calcium Carbonate Market Scope
Accelerate at a CAGR of 4.75%
APAC, Europe, North America, MEA, and South America
China, US, France, India, and Germany
Leading companies, Competitive strategies, Consumer engagement scope
Calcinor SA, GCCP Resources Ltd., Imerys, Minerals Technologies Inc., Mississippi Lime Co., Nordkalk Corp., OKUTAMA KOGYO Co. Ltd., Omya International AG, SCHAEFER KALK GmbH and Co. KG, and Sibelco Group
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
5 Market Segmentation by End-user by Volume
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET