Categories: Market Research

Limestone Market Size, Share, Analysis, Growth, Trends, Industry Report 2024-2033 | Mitsubishi Materials Corporation, Gulshan Polyols Ltd., Imerys S.A., Rock Chemical Industries Group (India) Pvt Ltd.

The Limestone Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Limestone Global Market Report 2024, The limestone market size has grown strongly in recent years. It will grow from $73.28 billion in 2023 to $78.41 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to historical economic cycles and industrial growth, construction boom and infrastructure development, industrial applications, agricultural practices, architectural heritage and restoration.

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.

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.

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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

Major companies operating in the limestone market are focusing on strategic collaboration, to provide reliable services to customers. Strategic collaboration refers to a mutually beneficial partnership between two or more independent entities who work together to achieve shared goals aligned with their individual strategic objectives. For instance, in June 2023, Ecocem, an Ireland-based provider of high performance, low carbon cement technologies, partnered with CB Green, an Belgium-based provider of low carbon and circular economy solutions, to develop limestone fillers grinding plant. This mill will produce high-quality limestone filler, a key ingredient in Activated Clay Technology (ACT) cement. This increased production of limestone filler is expected to enable Ecocem to scale up the production of ACT cement and supply it to a wider range of customers in Europe.

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

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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

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