Categories: Industry

Lime Gypsum Market Size, Share, Global Forecast By 2032

The Lime And Gypsum Products Global Market Report 2023 by The Business Research Company, provides lime and gypsum products market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/lime-and-gypsum-products-global-market-report

According to The Business Research Company’s Lime And Gypsum Products Global Market Report 2023, the global lime and gypsum products market size grew from $53.47 billion in 2022 to $58.06 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global lime and gypsum products market is expected to grow to $78.36 billion in 2027 at a CAGR of 7.8%.

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.

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The lime and gypsum products market 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

Automated manufacturing systems are gaining popularity as they enhance manufacturing productivity and reduce operating costs. Automation systems refer to a machine, tool, or technology such as robotics and AI that helps to reduce human intervention and improve safety in metal manufacturing processes such as processing, assembling, and material handling. This allows metal manufacturing companies to increase efficiency and production, improve safety on the manufacturing floor, enhance product quality, perform complex and varied tasks, enhance process stability, provide flexibility to produce products, and eliminate routine manual tasks. For instance, in November 2021, ABB Limited, a Switzerland-based manufacturing technology company, launched a smart factory solution. The new system is exceptional because it provides powerful real-time ladle tracking in addition to automated crane scheduling, a predictive thermal modeling engine, and other features. The tracking engine continuously monitors the movement of ladles using cranes and transfer carriages. In comparison to radio-frequency identification (RFID) solutions, radar and laser positioning technologies offer precise vision while requiring less hardware and maintenance. Job forecasting, route planning, and automatic job acknowledgment are all part of the automated crane scheduling process.

The lime and gypsum products market report table of contents includes: