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Limestone Market: Development, Growth, Trends, Demand, Analysis and Forecast 2022
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Limestone is a sedimentary rock composed of calcium carbonate, plus calcium and/or magnesium. It is formed when layers of minerals (particularly calcite), fine sediment, and the skeletons and shells of marine organisms undergo lithification. Limestone is one of the most useful and versatile of all industrial minerals. It is widely used in architecture and it is the raw material for the manufacture of quicklime (calcium oxide), slaked lime (calcium hydroxide), cement and mortar.
The main players in limestone industry are LafargeHolcim, Cemex, Graymont, Nittetsu Mining, Heidelberg Cement, Italcementi Group, Schaefer Kalk, Sumitomo Osaka Cement, NALC, etc. There are many cement manufacturers producing limestone themselves for raw material of cement.
Limestone downstream is wide and recently Limestone has acquired increasing significance in various fields of cement, construction materials and lime. Globally, the limestone market is mainly driven by growing demand for construction sector and cement sector.
Limestone prices are relatively stable, but because the industry is a high energy consumption industries, thus increasing the cost of production, meanwhile the product is a non-renewable resource, with the advance of time, the storage capacity will be gradually reduced, thus causing prices will continue to rise.
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The global Limestone market was 60600 million US$ in 2017 and is expected to 76100 million US$ by the end of 2025, growing at a CAGR of 2.9% between 2018 and 2025.
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