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

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.