South Korea Calcium Carbonate Market Size & Outlook
South Korea calcium carbonate market, 2018-2030 (US$M)
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South Korea calcium carbonate market highlights
- The South Korea calcium carbonate market generated a revenue of USD 380.8 million in 2021 and is expected to reach USD 627.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.7% from 2022 to 2030.
- In terms of segment, ground calcium carbonate was the largest revenue generating type in 2021.
- Precipitated Calcium Carbonate is the most lucrative type segment registering the fastest growth during the forecast period.
Calcium carbonate market data book summary
| Market revenue in 2021 | USD 380.8 million |
| Market revenue in 2030 | USD 627.2 million |
| Growth rate | 5.7% (CAGR from 2021 to 2030) |
| Largest segment | Ground calcium carbonate |
| Fastest growing segment | Precipitated Calcium Carbonate |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ground Calcium Carbonate, Precipitated Calcium Carbonate |
| Key market players worldwide | Carmila SAS, Glacier Bancorp Inc, International Lithium Corp, Imerys, Minerals Technologies Inc, Omega Therapeutics Inc, United States Lime & Minerals Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.9% of the global calcium carbonate market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China calcium carbonate market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,298.2 million by 2030.
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Calcium Carbonate Market Scope
Calcium Carbonate Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea calcium carbonate market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to calcium carbonate market will help companies and investors design strategic landscapes.
Ground calcium carbonate was the largest segment with a revenue share of 66.86% in 2021. Horizon Databook has segmented the South Korea calcium carbonate market based on ground calcium carbonate, precipitated calcium carbonate covering the revenue growth of each sub-segment from 2018 to 2030.
Calcium carbonate is used in building materials such as cement, sealants, and adhesives. The growth of the construction sector is expected to fuel the demand for calcium carbonate in South Korea. The cost of construction has significantly increased due to the increasing demand for overseas construction and residential projects.
Thus, investment in the infrastructure is likely to positively influence the calcium carbonate market over the forecast period. The pulp & paper industry primarily manufactures cardboard, paper, and pulp. South Korea has approximately 20 paper mills, 14 cardboard mills, and 15 pulp mills. In paper mills, power and raw materials are used efficiently so that raw wood fiber is optimally utilized in a closed circuit.
The country also manufactures different specialty papers and paper products. Wood processing produces a variety of products from planks to pulp & paper, which is a major sector in the country. Rising demand for calcium carbonate from the paper industry is anticipated to trigger market growth in the coming years.
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Our clientele includes a mix of calcium carbonate market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea calcium carbonate market , including forecasts for subscribers. This country databook contains high-level insights into South Korea calcium carbonate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea calcium carbonate market size, by type, 2018-2030 (US$M)
South Korea Calcium Carbonate Market Outlook Share, 2021 & 2030 (US$M)
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