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Limestone Market Insights: Key Trends & Strategic Approaches || Imerys, CARMEUSE, Mitsubishi Materials Corporation, Kerford Limestone, Lhoist Group
Limestone Market
The Business Research Company's Limestone Global Market Report 2023 the increasing demand from the construction industry is the major driver for the limestone market's growth in the forecast period. 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.
The global limestone market size grew from $69.16 billion in 2022 to $73.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. 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 limestone market size is expected to grow to $97.79 billion in 2027 at a CAGR of 7.3%.
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Major competitors in the limestone market are Imerys, CARMEUSE, Mitsubishi Materials Corporation, Kerford Limestone, Lhoist Group, Mississippi Lime Company, GLC Materials LLC, Graymont Limited, Kerford Limestone, Omya AG.
A key trend in the limestone market includes strategic partnerships and collaborations. Organizations enter into partnerships and collaborations to expand into new markets and leverage each other's resources. In May 2020, Biesterfeld Spezialchemie, a Germany-based provider of products and solutions for specialty chemicals, entered into a partnership with Omya. This partnership will expand Biesterfeld's product range to include new pharmaceutical excipients, active components, and nutraceutical goods. Omya is a Switzerland-based producer of calcium carbonate-based specialties.
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The limestone market is segmented -
• By Type: Magnesian Limestone, High-Calcium Limestone
• By Size: Crushed Limestone, Calcined Limestone (PCC), Ground Limestone (GCC)
• By Application: Industry Lime, Refractory Lime, Chemical Lime, Construction-Based Lime
• By End User: Paper And Pulp, Water Treatment, Agriculture, Building And Construction, Plastics, Food And Beverage, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the limestone market.
The Business Research Company's "Global Limestone Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Limestone Market Include:
1. Executive Summary
2. Limestone Market Characteristics
3. Limestone Market Trends And Strategies
4. Limestone Market - Macro Economic Scenario
5. Limestone Market Size And Growth
……………
27. Limestone Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Limestone Market
29. Limestone Market Future Outlook And Potential Analysis
30. Appendix
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