Market Introduction
The pharmaceutical sector in the United States is a globally integrated enterprise that has a significant positive impact on world health, prosperity, and economic output. The demand for calcium carbonate is derived from North America, which contributes significantly to the pharmaceutical industry. Calcium carbonate is used in the pharmaceutical industry to make a variety of medicines and tablets, including antacids. Calcium carbonate is found in a variety of medicinal products, including calcium supplements and antacid pills. In some food and beverage preparations that require a balanced pH level, it's also employed as an acid neutralizing agent. In the paper industry, calcium carbonate is mainly used as a filler in the alkaline paper making process. It is used in the production of brighter, bulkier, and smooth papers due to its high brightness and light scattering abilities. To increase the filler content in paper many paper manufacturers uses cost effective calcium carbonate to reduce cost of materials. Thus, it reduces the cost associated with paper production. It is also used in interior and exterior house paints, primers, sealers, and varnishes. Construction activities are increasing globally due to supportive government initiatives. Calcium carbonate has a special white color that makes it a preferred pigment option in coating applications. It provides improved paint sheen, opacity, and wear resistance, among others. It is appropriate for the uppermost coats due to high gloss retention. Therefore, calcium carbonate is extensively being used in the paint and coating industry. Growing demand from the paper industry and rising requirement on the back of thriving paints and coatings industry are the major factor driving the growth of the North America calcium carbonate market.
In case of COVID-19, North America is highly affected specially the US which reported the highest number of COVID-19 cases among all key countries in North America. The pandemic situation is likely to impact the overall chemicals & materials industry in the region. The paints and coatings, and adhesives and sealants industries are finding it challenging to continue their operations amid the COIVID-19 crisis, affecting both the architectural and industrial sectors in the North America. Further, the rise in COVID-19 cases, various conferences have been postponed or cancelled. Cancellations of technological events have impacted the growth of the calcium carbonate market indirectly as they contribute to the prosperity of industries by providing a platform to share information related to the latest technologies, product innovations, and trends in relevant markets, further assisting companies in realigning their strategies. The calcium carbonate market in North America is expected to recover with industrial, building, and construction activities getting back to normal gradually in 2021.
Market Overview and Dynamics
The North America calcium carbonate market is expected to grow from US$ 13,332.01 million in 2021 to US$ 18,289.71 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028. Surging applications of calcium carbonate will fuel the market growth in coming years. The microbially induced calcium carbonate precipitation (MICP) technique finds applications in the remediation of soil and water contaminated by heavy metals as well as in the production of self-healing concrete (bioconcrete). In geotechnical and civil engineering applications, it can be employed as a sustainable and suitable option for improving the mechanical properties of soil. Being an environmentally friendly and economical methods, the demand for MICP is likely to increase in future, which provides lucrative growth opportunities for the North America calcium carbonate market players. Calcium carbonate-based products are biodegradable and biocompatible. Calcium carbonate nanoparticles have potential application as drug carriers to target cancer tissues and cells. These potential applications of calcium carbonate, which are in research and development stages, are serving significant opportunities for the growth of the North America calcium carbonate market in the future.
Key Market Segments
In terms of type, the ground calcium carbonate (GCC) segment accounted for the largest share of the North America calcium carbonate market in 2020. In terms of application, the paper segment held a larger market share of the North America calcium carbonate market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America calcium carbonate market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cerne Calcium Company, Imerys S.A., J.M. Huber Corporation, LafargeHolcim, Minerals Technologies Inc., Mississippi Lime Company, and Omya AG.
Reasons to buy report
North America Calcium Carbonate Market Segmentation
North America Calcium Carbonate Market - By Type
North America Calcium Carbonate Market - By Application
North America Calcium Carbonate Market - By Country
North America Calcium Carbonate Market - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 13,332.01 Million |
| Market Size by 2028 | US$ 18,289.71 Million |
| CAGR (2021 - 2028) | 4.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Calcium Carbonate Market is valued at US$ 13,332.01 Million in 2021, it is projected to reach US$ 18,289.71 Million by 2028.
As per our report North America Calcium Carbonate Market, the market size is valued at US$ 13,332.01 Million in 2021, projecting it to reach US$ 18,289.71 Million by 2028. This translates to a CAGR of approximately 4.6% during the forecast period.
The North America Calcium Carbonate Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Calcium Carbonate Market report:
The North America Calcium Carbonate Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Calcium Carbonate Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Calcium Carbonate Market value chain can benefit from the information contained in a comprehensive market report.
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