San Francisco, 24 February 2030: The Report Precipitated Calcium Carbonate Market Size, Share & Trends Analysis Report By Grade (Food, Pharmaceutical, Cosmetic, Reagent), By Region (North America, Asia Pacific, Europe), And Segment Forecasts, 2023 - 2030

The global precipitated calcium carbonate market size is expected to reach USD 2.88 billion by 2030, registering a CAGR of 4.7% over the forecast period, according to a new report by Grand View Research, Inc. The industry growth is majorly driven by the rising demand for precipitated calcium carbonate (PCC) in the personal care & cosmetics and pharmaceutical industries due to its small particle size and usage as a filler. The global pharmaceutical industry is greatly affecting the PCC market owing to its increasing usage in medicines and nutraceuticals. The increasing demand for nutraceuticals in the regions like North America, Asia Pacific, and Europe is driving the demand for PCC (1-5um). The nutraceutical market is growing rapidly in developing countries like India.

This is due to the increasing health awareness and disposable income levels in the region. Moreover, according to the Indian Ministry of Food Processing Industries, developed economies like the U.S., Japan, and Europe have captured around 90% of the nutraceutical market, thus, driving the demand for the product market. Moreover, PCC is used as a filler in the production of the majority of cosmetic products. In cosmetics products, it acts as a good absorbent and is used as an excessive oil remover from the skin. Colored cosmetics, such as foundation, blushers, and eye shadows, contain PCC as an active ingredient. As per the L’Oréal Annual Report 2021, the cosmetic industry grew from 4.20% to 8.0% from 2010-2021. The growing product demand in the cosmetics industry is estimated to drive the market.

The growth of the product market is attributed to factors such as the growing demand for precipitated calcium carbonate (PCC) in the pharmaceutical and cosmetics industries. The fine particle size of PCC makes it more favorable in medicines like antacids and calcium mineral supplements used in healthy diets. Moreover, the small particle size helps in developing good taste in calcium-fortified food items. The rapidly growing pharmaceutical research and development activities in emerging economies like Brazil, China, and India created more opportunities for PCC.

As per the European Federation of pharmaceutical industry and association, the markets in China, Brazil, and India grew by 11.3%, 4.8%, and 10% during the period 2015-2020. Thus, the growing pharmaceutical industry in these regions is expected to drive the demand for PCC. However, issues related to the mining and transportation of raw materials are acting as restraining factors for industry growth. The establishment of new quarries and plants is a slow process. It requires around 2 years to set up a cement plant and the permission process takes a long time. Such challenges restrict the establishment of quarries.

Request sample report of Precipitated Calcium Carbonate Market@ https://www.grandviewresearch.com/industry-analysis/precipitated-calcium-carbonate-market-report/request/rs1

However, many companies are still trying to expand and improve their plants. Moreover, most of the mined limestone is used for aggregate or crushed applications. The maximum crushed stone in North America is obtained from limestone. Although limestone production is increasing in the U.S., the country still imports several limestone products from countries such as China, Mexico, and Canada. The increasing distance in transportation impacts the prices of the final products, thus acting as a restraining factor for market growth. The U.S. was the largest product consumer in North America in 2022.

Precipitated Calcium Carbonate Market Report Highlights

• The global market growth is attributed to the rapid expansion of application industries, such as cosmetics, pharmaceuticals, and food, globally
• The pharmaceutical grade segment dominated the market in 2022 due to the high product demand as a key ingredient in dietary calcium products, ointments, and creams production
• According to the Indian Brand Equity Foundation (IBEF), drugs worth USD 24.60 billion manufactured in India were exported in the financial year 2022, which was USD 24.44 billion more than the drugs exported by the country in the financial year 2021
• Thus, the increasing production of PCC in emerging economies of Asia Pacific and the surging exports of drugs containing PCC from these countries to other parts of the world are expected to promote the market growth
• The food grade segment is expected to witness strong growth over the forecast period due to the fact that it is used as an additive in the food industry owing to its specific surface area and more chemical purity than grounded calcium carbonate
• Asia Pacific led the global industry in 2022 on account of the growing end-use industries, such as pharmaceutical, chemical, and cosmetics, in the region with India being the third-largest pharmaceuticals market in the world

This is attributed to the expanding agricultural, food, cosmetics, and pharmaceutical industries in the country. According to FORBES, the U.S. is among the largest beauty market in the world, accounting for 20% of the global share, followed by China and Japan. In addition, according to Atradius Collections, a global trade-invoice-collection services company, the pharmaceuticals industry in the country accounted for around 22% of the global production in 2022, making the U.S. a lucrative market for the growth of PCC demand. Thus, driving the product demand in the country.

The market is highly competitive with the presence of a large number of independent small- and large-scale manufacturers and suppliers. While large-scale companies concentrate on mergers, expansions, and product development, small-scale players primarily compete based on product prices. Players are entering into mergers and partnerships to establish their position in the market. For instance, Mineral Technologies Inc. formed an agreement with India-based Satia Industries to set up a 42,000 metric tons per year capacity satellite PCC plant in its paper mill in India. This development aims at helping the former strengthen its position in the Asia Pacific.