Core Viewpoint - The demand for the calcium carbonate industry in China is on the rise, with consumption expected to grow from 27.55 million tons in 2019 to 32 million tons by 2024, driven by downstream market needs [1][15]. Group 1: Industry Overview - Calcium carbonate, primarily in the form of limestone, is widely used in construction, chemical, environmental protection, metallurgy, and agriculture [1][15]. - The calcium carbonate industry has a complete supply chain in China, covering mining, processing, and application development [8][10]. Group 2: Production and Demand - The production of calcium carbonate is projected to reach 28 million tons in 2024, reflecting a year-on-year increase of 6.44% [13]. - The increase in infrastructure projects has led to a higher demand for cement and limestone products, boosting the production of calcium carbonate [13][15]. Group 3: Resource Distribution - China has abundant calcium carbonate resources, with significant deposits located in provinces such as Gansu and Anhui, where high-quality reserves are found [11][12]. - Gansu's Huoqiangou-Dilangba mining area has a total resource reserve of over 2.26 billion tons, making it the largest single calcium carbonate deposit in the country [11]. Group 4: Competitive Landscape - The calcium carbonate market in China features a diverse competitive landscape, including large state-owned enterprises and numerous small to medium-sized companies [17]. - Key players in the industry include Southeast New Materials Co., Jiangsu Qunxin Powder Technology Co., and others [18][20]. Group 5: Industry Trends - The industry is expected to see an expansion in production capacity as companies invest in modern mining projects and production line upgrades [22]. - Market concentration is anticipated to increase, with larger companies gaining market share through mergers and resource integration, while smaller firms focus on niche markets [23]. - Environmental pressures are prompting companies to adopt cleaner production methods and improve resource utilization efficiency [24].