Future Prospects of Ground And Precipitated Calcium Carbonate Market and Industry Forecast
During the forecast period, the global ground and precipitated calcium carbonate market is anticipated to grow at a CAGR of 5.4%. The market is anticipated to be worth US$ 24,442.70 million in 2022 and US$ 41,357.6 million by 2032. The rise in demand for plastic and paper products in the packaging industry over the anticipated period is driving up demand for ground and precipitated calcium carbonate on a global scale. Additionally, expanding operations in the rubber, construction, and pharmaceutical industries have recently fueled the global market share for ground and precipitated calcium carbonate. Calcium carbonate is one of the most abundantly occurring minerals on earth and composes nearly four percent of earth’s crust. It exists naturally in the form of limestone, marbles and chalk formed by sedimentation over a period of time. It is one of the most versatile compounds and finds a variety of applications across a diverse set of industries including construction, steel,...