How much is the lime and gypsum products market worth, and how is it expected to expand?
The lime and gypsum products market size has grown strongly in recent years. It will grow from $59.87 billion in 2024 to $63.51 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to construction industry growth, urbanization, agriculture, environmental regulations.
The lime and gypsum products market size is expected to see steady growth in the next few years. It will grow to $76.14 billion in 2029 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to infrastructure investments, sustainable building practices, renewable energy projects, raw material availability, technological advancements. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships.
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Which industry factors have accelerated the lime and gypsum products market’s expansion?
The growth of the construction sector is expected to propel the growth of the lime and gypsum products market. In the construction sector, lime is used for soil stabilization for roads, earthen dams, airfields, and building foundations. Gypsum is used in the manufacturing of wallboards that are used to cover walls and ceilings and to make plaster, which is used in the construction of residential properties. For instance, according to the report, Future of Construction 2030 report published by Oxford Economics a UK-based economic advisory firm, $135 trillion is expected to be spent on construction globally over the next decade until 2030. The increasing expenditure in the construction sector is expected to drive growth for the construction industry, thus generating demand for lime and gypsum products, driving the growth of the market going forward.
What are the primary segments of the lime and gypsum products market?
The lime and gypsum products market covered in this report is segmented –
1) By Type: Lime Products, Gypsum Products
2) By Product Type: Industrial-Grade, Pharmaceutical-Grade, Food-Grade
3) By Application: Building and Construction, Agriculture, Waste-Water Treatment, Paper Production, Other Applications
Subsegments:
1) By Lime Products: Quicklime, Hydrated Lime, Dolomitic Lime, Refractory Lime
2) By Gypsum Products: Gypsum Boards, Gypsum Plaster, Gypsum Blocks, Plaster of Paris
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Which firms are leading the lime and gypsum products market?
Major companies operating in the lime and gypsum products market include Compagnie de Saint-Gobain S.A, USG Corporation, China National Building Material Group Co. Ltd., Lhoist S.A., CRH plc, New Ngc Inc., Knauf Gips KG, CSR Limited, KCC Corporation, Ube Industries ltd, Eagle Materials Inc., LafargeHolcim Ltd., Boral Limited, National Gypsum Company, American Gypsum Company LLC, Georgia-Pacific LLC, CertainTeed Corporation, PABCO Building Products LLC, Yoshino Gypsum Co. Ltd., Continental Building Products Inc., Harrison Gypsum LLC, United States Gypsum Company, Gypsum Management and Supply Inc., GMS Inc., National Lime & Stone Company, Carmeuse Lime & Stone, Graymont Limited, Mississippi Lime Company, Cheney Lime & Cement Company, Chemical Lime Company, Martin Marietta Materials Inc., Vulcan Materials Company, CEMEX S.A.B. de C.V.
How will emerging trends drive the lime and gypsum products market throughout the forecast period?
Global lime and gypsum product manufacturing companies are adopting and implementing IoT technology to improve their efficiencies and drive productivity. IoT connects people, machines, and services enabling the flow of information and real-time decisions. IoT technology offers benefits such as increased asset uptime, efficient predictive maintenance, and faster processing and delivery time. For instance, in November 2022, according to a report published by Ericsson, a Sweden-based telecommunication company, broadband IoT (4G/5G), which connects the majority of cellular IoT devices, reached 1.3 billion connections in 2022. Nearly 60% of cellular IoT connections are anticipated to be broadband IoT connections by the end of 2028, with 4G connecting the bulk. In terms of cellular IoT connections, North East Asia is currently in the lead; in 2023, it is predicted to surpass 2 billion connections.
How do regional factors impact the lime and gypsum products market, and which region is the largest contributor?
Western Europe was the largest region in the lime and gypsum products market in 2023. The Asia-Pacific was the second-largest region in the lime and gypsum products market. The regions covered in the clay products and refractories report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Lime And Gypsum Products Market Report 2025 Offer?
The lime and gypsum products market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Lime and gypsum products refer to a type of product that is manufactured by blasting the mines, being crushed, and being fed into a rotary kiln that transforms the limestone into lime when subjected to high temperatures using various processes, including milling, hydration, and lime slurry preparation.
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