A recent report published by
Infinium Global Research on the limestone market provides an in-depth analysis
of segments and sub-segments in the global as well as the regional limestone
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional limestone market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global limestone market. According to the
report, the global limestone market is projected to grow at a CAGR of 2.8% over
the forecast period of 2019-2025.
Limestone is used in the
production of cement that is widely used in the construction industry. It is a
sedimentary rock composed primarily of calcium carbonate in the form of mineral
calcite. It can also be in the form of chemical sandy rock, formed by the
precipitation of calcium carbonate from lake or ocean water. It is referred to
as the world’s most versatile mineral, is an important raw material for various
industries. It is also widely used in steel production and cement
manufacturing. The demand for limestone is increasing from developing countries
due to its increasing construction and industrialization.
The growing awareness about
health benefits and cleaning applications of limestone drives the growth of the
limestone market. The surge in demand from the mining and metallurgical
application such as impurity removal contributes to the growth of the limestone
market. The rising use of limestone in wastewater treatment promotes the growth
of the limestone market. The increasing demand for limestone in the automotive
weight reduction strategy propels the growth of the limestone market. The
rising demand for limestone in mining and metallurgy and revitalization in the
construction industry contributes to the growth of the limestone market.
Furthermore, growing infrastructural development and urbanization in developing
countries promote the growth of the limestone market. On the other side, less
storage time required for limestone hinders the growth of the limestone market.
The physical and chemical characteristics of limestone get changed after six
months of storage. Moreover, research and development in the limestone market
encourage several applications of limestone that create several opportunities
for the growth of the limestone market.
Based on geography, the global limestone
market is classified into North America, Asia-Pacific, Europe, and the Rest of
the World. Asia-Pacific region is anticipated to have a premium share in the
global limestone market. China is the largest limestone producer country. The
increasing investments in infrastructural development in the Asia-Pacific
region drives the growth of the limestone market in the Asia-Pacific region. North
America & Europe are expected to grow with a significant CAGR over the
forecast period.
The report on the global limestone
market covers segments such as product, and end-user. On the basis of product,
the sub-markets include quick lime, slaked lime, and other products. On the
basis of end-user, the sub-markets include metallurgical, construction,
environment, chemical intermediates, and other end-users.
The report provides profiles of
the companies in the market such as Lhoist Group, Graymont Ltd., Mississippi Lime
Company, Sigma Minerals Ltd., Valley Minerals LLC, Cheney Lime & Cement
Company, Carmeuse SA, Linwood Mining & Minerals Corp., Pete Lien & Sons
Inc., Boral Limited, and other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the limestone market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.