The limestone market size is expected to see strong growth in the next few years. It will grow to $100.85 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to changing consumer preferences and design trends, infrastructure development projects, growth in construction industry, rise in cement production, environmental regulations and sustainable practices. Major trends in the forecast period include restoration and heritage preservation, interior design and decorative use, renewable energy and water treatment, global economic expansion, agricultural applications.
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Segmentation & Regional Insights
The limestone market covered in this report is segmented –
1) By Type: Magnesian Limestone, High-Calcium Limestone
2) By Size: Crushed Limestone, Calcined Limestone (PCC), Ground Limestone (GCC)
3) By Application: Industry Lime, Refractory Lime, Chemical Lime, Construction-Based Lime
4) By End User: Paper And Pulp, Water Treatment, Agriculture, Building And Construction, Plastics, Food And Beverage, Other End-Users
Asia-Pacific was the largest region in the limestone market in 2023. The regions covered in the limestone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand from the construction industry is driving the growth of the limestone market. The construction industry has surged after the pandemic as many construction projects were stuck due to lockdowns. Cement is manufactured using limestone as a raw material. Cement is an important element in the construction industry because it is used in various construction mixtures, such as manufacture of composite concrete block, to meet specific needs in holding building blocks. According to the U.S. Census Bureau report on monthly construction spending in 2022, the construction spending was expected to be $1,744.8 billion in April 2022, a 0.8% rise from the revised March 2022 estimate of $1,740.6 billion. Therefore, the increasing demand from the construction industry is propelling the limestone market.
Key Industry Players
Major companies operating in the limestone market report are Mitsubishi Materials Corporation, Gulshan Polyols Ltd., Imerys S.A., Rock Chemical Industries Group (India) Pvt Ltd., Lhoist Group, Omya AG, RSMM Limited, Elegant Natural Stones Pvt Ltd., CARMEUSE & CIE, United States Lime & Minerals Inc., The National Lime & Stone Company, Sigma Minerals & Chemicals Ltd., Schaefer Kalk GmbH & Co KG, ss-industries, Chirag Minerals Pvt Ltd., Kerford Limestone Inc., Aditya StoneX Pvt Ltd., Jay Minerals Pvt Ltd., Agarwal Min Chem, Raj Associates, Indo Chemicals Pvt Ltd., Ryokolime Industry Co Ltd., Srinath Enterprises Pvt Ltd., Shree Sal Calnates India Pvt Ltd., Kunal calcium, Calspar India Ltd., Durga Lime Industries Pvt Ltd., AR Stone Craft, Krishna Mines & Minerals Ltd., Maharaja Stones Pvt Ltd., Zantat SDN Bhd., CAO Industries SDN Bhd., Uniko Calcium Carbonate Industry SDN Bhd., Kaolin International Pvt Ltd.
The limestone market report table of contents includes:
1. Executive Summary
2. Limestone Market Characteristics
3. Limestone Market Trends And Strategies
4. Limestone Market – Macro Economic Scenario
5. Global Limestone Market Size and Growth
……………………
32. Global Limestone Market Competitive Benchmarking
33. Global Limestone Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Limestone Market
35. Limestone Market Future Outlook and Potential Analysis
36. Appendix
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