Global calcium carbonate market is projected to attain market size of USD 63.08 billion by 2028 from USD 44.09 billion in 2021 at a CAGR of 5.28% during the forecast period (2022-2028).
Westford, USA, Nov. 22, 2022 (GLOBE NEWSWIRE) — Global population has already reached 8 billion November 2022 and is likely to surpass 9.1 billion by 2040. This increase in population equals an increase in the number of people who need calcium for their bones, teeth, and muscles. In addition, more people are working in industries that require high levels of calcium such as glass production and aluminum manufacturing. To meet the growing demand for calcium carbonate market, companies have developed new methods of extraction and production. Some companies are using geological resources or coal seams to obtain large quantities of Calcium Carbonate cheaply. Others are converting limestone into Calcium Carbonate using a process called carbonation.
Other significant end-use industries for calcium carbonate include construction, automotive, and food processing. These industries are expected to experience growth due to the increasing demand for durable and environmentally friendly products. The main drivers of the calcium carbonate market are increasing demand from end-use industries such as dental, automotive, food processing, and construction, coupled with rising prices of raw materials. Developing countries are also expected to exhibit high growth rates…
