USD 35.61 million
Limestone Market Size, Share, Growth Analysis, By Type(Magnesian Limestone, High-Calcium Limestone, and Others), By Size(Crushed Limestone, Calcined Limestone (PCC), and Ground Limestone (GCC)), By End Use(Construction, Iron and Steel, Agriculture, Chemical), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2144 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
67
|Figures:
69
Limestone Market Insights
Global Limestone Market size was valued at USD 35.61 million in 2022 and it is expected to reach USD 38.07 million in 2023 to USD 64.92 million in 2031, at a CAGR of 6.9% during the forecast period (2024-2031).
The limestone used in the construction and water treatment industries creates demand for limestone. Limestone is used to prepare drinking water, improve soil stability, remove acid gas from flue gases, and produce fertilisers and paints and varnishes. It comprises elements like calcium, carbon, and oxygen, which is used for various applications. Growing investments into the development of roadways, highways, malls, buildings, houses and industrial sites across the globe is expected to drive the demand for the limestone in the construction sector.
Construction, a key end-use segment which increased demand for the limestone market. It is an essential ingredient for manufacturing construction aggregates, cement, lime and building stone. Limestone acts as an agricultural additive that aids in improving the quality of the soil by supplying calcium for plant and soil nutrition. The increasing demand for infrastructure development has a direct positive impact on the limestone for production of cement and builder lime. It is found in the earth’s crust and is abundant in nature as nearly 10% of the land is made up of limestone and similar rocks.
US Limestone Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
High Calcium limestone
Fastest Growth
High Calcium limestone
Growth Rate
6.9% CAGR
Global Limestone Market, 2021-2030 ($ Mn)
Country Share for Asia Pacific Region- 2021 (%)
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Limestone Market Segmental Analysis
Global Limestone Market is segmented by type, size, end-use, and region. Based on type, the market can be segmented into Magnesian Limestone, High-Calcium Limestone, and Others. Based on size, the market is segmented into Crushed Limestone, Calcined Limestone (PCC), and Ground Limestone (GCC). Based on end-use, the market is segmented into Construction, Iron and Steel, Agriculture, Chemical, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Limestone Market Analysis by Type
The construction segment is dominating the market by application and it is the fastest growing sector in 2021. The Limestone market is dominated due to increased infrastructure construction around the world. The chemical compound is widely utilized as a construction material because it lends both beauty and solidity to an architecture and building that will help to maintain the building's good health for many years. The limestone is available in the various forms for the construction segment.
Limestone Market Analysis by End Use
High calcium limestone is dominating the market in 2021. Due to its use in the production of construction materials such as roofing shingles and asphalt paving. High calcium is used for normal appliances in the market which creates demand for limestone.
Magnesium limestone is used in connection with the production of refractory bricks but also for aggregate for road and building, which will help to increase growth of the limestone market. It is also used in the production of agricultural lime.
Global Limestone Market By Type, 2021 (%)
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Limestone Market Regional Insights
The Asia Pacific region has dominated the market and it will have a dominant market share in the forecast period. Due to increasing industrialization the construction sector is growing faster and that creates demand for limestone. Also, in the Asia Pacific region many countries used limestone for water purification that will also create demand for limestone in that region. Significant economic development in the region is expected to aid in the growth of pulp and paper, electrical and electronic, building and construction, and automotive industries. China dominates in the Asia Pacific region because of its available raw material and the innovative chemical industries.
North America is the second growing sector for limestone. The region is also a key producer of animal feed in the world, which is a vital application of limestone. The U.S. and Mexico both are the largest producers of animal feed. Also in North America propelling construction activities and steel production create demand for limestone in forecast period.
Global Limestone Market By Geography, 2021-2030
- Largest
- Fastest
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Limestone Market Dynamics
Limestone Market Drivers
Demand from Construction Industry to Bolster Market Growth
- The increasing population is developing many facilities for their luxurious life. Many of them are from the construction industry and there is an increased demand for limestone. For manufacturing construction materials they need limestone for a strong base. These factors will drive the demand for limestone in the forecast period.
Limestone Market Restraints
The CO2 emission from agricultural liming.
- Co2 produced from the agricultural limestone which will hinder the market growth. Due to environmental loss many customers are finding a replacement for limestone used in agriculture mining. These factors will hamper the production of limestone.
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Limestone Market Competitive Landscape
Limestone Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Limestone Market Top Player's Company Profiles
- Imerys
- CARMEUSE
- Mitsubishi Materials Corporation
- American Elements
- Lhoist Group
- AMR India Limited
- GLC Materials LLC
- Graymont Limited
- Kerford Limestone
- Omya AG
- RSMM Limited
- Okutama Kogyo Co., Ltd.
- Minerals Technologies Inc.
- Schaefer Kalk
Limestone Market Recent Developments
- The environmental approval that JK Lakshmi Cement received in November 2023 to extract up to 2.5 million tonnes of limestone annually from its Kachchh mine in Gujarat is a significant step forward. This approval not only shows the company's dedication to environmentally friendly mining methods, but it also denotes a major increase in its operational capacity. The $24 million that the corporation plans to invest to expand operations at the location is a sign of its strategy to improve its market position in India.
- A major step forward was made in AUGUST 2023 when Vision Blue decided to invest $40 million in Mayur Resources' lime project in Papua New Guinea. The Asia-Pacific region's increased interest in limestone projects is demonstrated by this investment.
- The Irish company Ecocem and CB Green formed a joint venture in June 2023 with the goal of increasing cement production while cutting CO2 emissions by an astounding 70%. This remarkable accomplishment is made possible by the application of Ecocem's cutting-edge ACT technology.
Limestone Key Market Trends
- Steel Manufacturing with the help of low silica and alumina limestone. And steel is used in various applications in the construction sector which creates demand for the limestone. The integrated steelmaking route and the electric arc furnace route are two steel Manufacturing roots that need more limestone in their manufacturing process. That will help in growth of the limestone market. For water treatment limestone is used in abundance value which will grow faster in forecast period.
Limestone Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our limestone market analysis, Market growth is found due to increasing demand for limestone from the construction and building industry. And the major demand created in the forecast period due to the steel industry. The market is dominated by the construction sector in terms of end use and the market is dominated by high Calcium limestone in terms of type. High calcium limestone has a large demand from the market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 35.61 million |
| Growth Rate | 6.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Limestone Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Limestone Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Limestone Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Limestone Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Limestone Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Limestone Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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