Ground Calcium Carbonate Market Size, Share & Trends Analysis Report By Region, And Segment Forecasts, 2033
The
global Coated Ground Calcium Carbonate market was valued at USD 8.78 billion in
2022 and expected to grow at a CAGR of 4.5% during the forecast period.
Coated
ground calcium carbonate (GCC) is a type of calcium carbonate that has been
surface-treated with various coating materials to improve its properties such
as whiteness, brightness, and dispersibility. It is commonly used as a filler
material in various industries, including paper, plastics, rubber, paints and coatings,
and construction. The coating material can be organic or inorganic and is
chosen based on the application and the desired properties of the final
product. Coated ground calcium carbonate can also be customized to meet
specific end-user requirements, such as particle size, surface area, and
coating thickness.
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The
global coated ground calcium carbonate market is expected to experience
significant growth over the forecast period of 2021 to 2028. The market growth
is primarily driven by the increasing demand for the product in various end-use
industries such as paper, plastic, paint, rubber, and others. The unique
properties of coated ground calcium carbonate, such as its high brightness,
whiteness, and particle size distribution, make it ideal for various
applications. Moreover, the growing construction and automotive industries,
coupled with the increasing demand for plastics, are expected to further propel
the market growth.
On
the other hand, the high cost of coated ground calcium carbonate, along with
the availability of substitutes, is expected to hinder market growth to some
extent. Additionally, stringent regulations and policies regarding the mining
and processing of calcium carbonate are expected to pose a challenge to market
growth. However, the increasing demand from emerging economies and the growing
trend of sustainable and eco-friendly products are expected to provide
lucrative opportunities for market growth in the coming years.
Based
on the product type, the market is segmented into surface-treated and nano
calcium carbonate. Among these, surface-treated calcium carbonate is expected
to hold the largest market share owing to its widespread application in various
end-use industries. Furthermore, based on the application, the paper segment is
expected to hold the largest market share due to the increasing demand for
coated ground calcium carbonate in paper manufacturing to improve paper quality
and reduce production costs.
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