Why is the Calcium Carbonate Market Expected to Exceed $28.5 Billion by 2021?


| 12/2/2016 9:39:00 AM


 

Calcium carbonate, or CaCO3, is a common mineral that’s found in locations throughout the world.

In the wild, it appears as chalk and limestone, and is easily one of the most useful minerals that we’ve yet found. In addition to the applications you’re probably familiar with, like blackboard chalk in the classroom, calcium carbonate is used in a variety of industrial applications.

Projections for the Future of CaCO3

The CaCO3 industry is continuing to grow and thrive as new applications for the material are being discovered. According to a recent report, the CaCO3 market is expected to reach or exceed $28.5 billion by 2021. Industry professionals are expecting a 7% CAGR (compound annual growth rate) between 2017 and 2021.

This growth is expected to be attributed to higher demand from the plastic and paper industries, as well as a growing demand for building and industrial applications.



So why is this versatile mineral added to products like paper, plastic and even iron?



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