Press release
Limestone Market: Exploring Size, Share, and Industry Growth 2024-2033 || Mitsubishi Materials Corporation, Gulshan Polyols Ltd., Imerys S.A.
Limestone Global Market Report 2024
The Business Research Company presents an extensive market research report on the Limestone Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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.
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Key Market 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.
Market Drivers:
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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https://www.thebusinessresearchcompany.com/report/limestone-global-market-report
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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