According to the new market research report "Ground Calcium Carbonate (GCC)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, in 2023, the Global Ground Calcium Carbonate (GCC) market size was valued at 12093.24 Million USD, increased from 9741.26 Million USD in 2019, and the market is forecasted to reach 22874.76 Million USD by 2030, growing at CAGR of 9.65% between 2024 and 2030.
- Global Ground Calcium Carbonate (GCC) MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Ground Calcium Carbonate (GCC)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Market Drivers:
Growing Demand in Various Industries: The increasing use of GCC in industries such as paper, plastics, paints and coatings, adhesives, and construction is driving market growth.
Advantages Over Precipitated Calcium Carbonate (PCC): GCC offers cost advantages over PCC in certain applications, boosting its adoption.
Rising Environmental Concerns: GCC is considered environmentally friendly compared to other fillers, leading to its preference in eco-conscious industries.
Expansion of Paper and Packaging Industries: With the growth of e-commerce and packaging sectors, there's a heightened demand for GCC as a filler in paper and packaging materials.
Restraint:
Volatility in Raw Material Prices: Fluctuations in raw material prices, such as limestone, can impact the production cost of GCC, affecting market stability.
Stringent Environmental Regulations: Compliance with stringent environmental regulations regarding mining and processing of limestone for GCC production can pose challenges for manufacturers.
Competition from Alternative Fillers: GCC faces competition from alternative fillers like talc, kaolin, and silica, limiting its market share in some applications.
Opportunity:
Increasing Adoption in Plastics Industry: The growing trend of lightweighting and sustainability in the plastics industry presents opportunities for GCC as a filler in plastic compounds.
Expansion in Asia-Pacific Region: The rapid industrialization and infrastructure development in countries like China and India offer significant growth opportunities for GCC manufacturers.
Technological Advancements: Innovation in GCC production processes, such as surface treatment and particle size control, can lead to enhanced performance and broader application areas.
Focus on High-Value Applications: Targeting high-value applications such as pharmaceuticals, food and beverages, and personal care products can open up new market segments for GCC.
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