Sarasota, FL -- (SBWIRE) -- 08/30/2018 -- According to the report, global calcium carbonate market was valued at around USD 20 Billion in 2017 and is expected to reach approximately USD 32.3 Billion in 2024, growing at a CAGR of slightly above 5.5% between 2017 and 2024.

Calcium carbonate is a carbonic salt form of calcium. It occurs naturally as a white odorless powder and in a colorless crystal format. Some common forms of calcium carbonate in nature are marble, chalk, and limestone. Calcium carbonate is commonly used as an ingredient in manufacturing adhesives & sealants, automotive care products, paints & coating, construction (cement), pharmaceuticals and electrical & electronic products.

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Calcium carbonate in its purest form is extracted from mining or quarrying. Calcium carbonate can also be prepared by passing carbon dioxide into calcium hydroxide solution, the final product is called 'precipitated calcium carbonate (PCC)'. Precipitated forms of calcium carbonate are used in the production of paper. Similarly, a widely known commercial form of calcium carbonate includes, 'ground calcium carbonate (GCC)'. These are derived by crushing limestones or quarry mines into fine grounded powder form. The main difference between PCC and GCC lies in their fundamental properties and processing cost. China, Japan, U.S.A., India, Germany, Italy, and Mexico have some of the largest reserves of limestone in the world today and lead in the production of GCC.

Global calcium carbonate market is propelled by thriving paper industry, growing additive & coating industry, and increasing investments in the construction sector. Construction is amongst the key sectors for calcium carbonate market for the forecast period. According to World Bank estimates, global infrastructure investment is anticipated to reach USD 94 trillion by 2040, with countries mainly in the Asia Pacific, North America, and Europe looking forward to keeping pace with development demands. Growth in the construction sector is likely to bolster investments in allied sectors. Limited reserve of calcium carbonate and health & safety regulation from the government is a major challenge for calcium carbonate market for the forecast period.

Global calcium carbonate market is segmented by types and applications. By types, calcium carbonate market is classified as precipitated calcium carbonate (PCC) and ground calcium carbonate (GCC). Demand for precipitated calcium carbonate is rising in tandem with thriving paper industry. By application, calcium carbonate market is bifurcated into papers, paints & coatings, pharmaceuticals, adhesive & sealants and others.

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North America and Europe is an important market for calcium carbonate in terms of revenue. Some of the biggest limestone quarries in the world are found in U.S.A especially in the state of Michigan. The Asia Pacific is amongst the fastest growing markets for calcium carbonate for the forecast period. Asia Pacific calcium carbonate market is being propelled by increasing investments in infrastructure domain, significant natural reserves, and government regulations aiding FDI in the region. India, China, Vietnam, and Thailand key investment destinations for calcium carbonate market for the forecasted period 2017-2023.

Some of the key players within the calcium carbonate market are Huber Engineered Materials, Fujian Snamu Nano Calcium Carbonate Co Ltd., Graymont Ltd., Mississippi Lime Company, Imerys Mineral Ltd., Omya GmBH., Changzhou Calcium Carbonate Ltd., Jinsha Chemical., Jiawei Chemical., Shiraishi Kogyo Kaisha Ltd., Schaefer Kalk Sdn Bhd.