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Construction Sector Boom Propels Growth in the Lime and Gypsum Products Market || USG Corporation, China National Building Material Group Co. Ltd., Lhoist S.A
Lime And Gypsum Products Market
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company's Lime And Gypsum Products Global Market Report 2023 identifies the construction sector boom is driving growth in 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. For instance, according to the report, Future of Construction 2030 report published by Oxford Economics a UK-based economic advisory firm, $135 trillion is expected to be spent on construction globally over the next decade until 2030.
The lime and gypsum products market size has grown strongly in recent years. It will grow from $55.95 billion in 2023 to $59.54 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to construction industry growth, urbanization, agriculture, environmental regulations. The lime and gypsum products market size is expected to see strong growth in the next few years. It will grow to $74.43 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%.
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Major competitors in the lime and gypsum products market include Compagnie de Saint-Gobain S.A, USG Corporation, China National Building Material Group Co. Ltd., Lhoist S.A., CRH PLC, New Ngc Inc., Knauf Gips KG, CSR Limited, KCC Corporation, Ube Industries Ltd., Eagle Materials Inc., LafargeHolcim Ltd.
A key trend in the adopting and implementing IoT technology to improve their efficiencies and drive productivity. IoT connects people, machines, and services enabling the flow of information and real-time decisions. IoT technology offers benefits such as increased asset uptime, efficient predictive maintenance, and faster processing and delivery time. For instance, in November 2022, according to a report published by Ericsson, a Sweden-based telecommunication company, broadband IoT (4G/5G), which connects the majority of cellular IoT devices, reached 1.3 billion connections in 2022. Nearly 60% of cellular IoT connections are anticipated to be broadband IoT connections by the end of 2028, with 4G connecting the bulk.
Read More On The Global Lime And Gypsum Products Market Report Here: https://www.thebusinessresearchcompany.com/report/lime-and-gypsum-products-global-market-report
The lime and gypsum products market covered in this report 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
4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the lime and gypsum products market.
The Business Research Company's "Global Lime And Gypsum Products 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 Lime And Gypsum Products Market Include:
1. Executive Summary
2. Lime And Gypsum Products Market Characteristic
3. Lime And Gypsum Products Market Trends And Strategies
4. Lime And Gypsum Products Market - Macro Economic Scenario
5. Lime And Gypsum Products Market Size And Growth
……………
27. Lime And Gypsum Products Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Lime And Gypsum Products Market
29. Lime And Gypsum Products Market Future Outlook And Potential Analysis
30. Appendix
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